by AIP Online Bureau | Nov 17, 2022 | Indian News, Non-Life
Anjan Dey, CMD, Oriental Insurance Company N Ramaswamy,general manager, GIC Re and RR Singh,diretor & general manager,OIC, are two top contenders for the OIC chief post Dey had joined OIC in March 2021 and has tenure till November 2023 It is now expected a lot of...
by AIP Online Bureau | Nov 17, 2022 | Briefs, Intermediaries, Life, Technology
Insurtech InsuranceDekho has partnered with Life Insurance Corporation of India (LIC) to sell the corporation’s products on its platform. Ankit Agrawal, CEO, and Co-founder, InsuranceDekho, said, “We will leverage the best technology, POSP partner practices, and...
by AIP Online Bureau | Nov 17, 2022 | Health, Indian News, Intermediaries
Satish Gidugu, CEO, Medi Assist said,“ With Indian corporates expanding internationally and international travel on the rise, demand for international health insurance is witnessing tremendous growth. With this new alliance, we aim to provide services beyond Indian...
by AIP Online Bureau | Nov 17, 2022 | International News, Risk Management, Technology
An estimated 500 inauthentic accounts that called for violence and promoted memes as well as incendiary videos were created on Twitter Inc. during riots in Leicester between late August and early September this year, according to the Network Contagion Research...
by AIP Online Bureau | Nov 17, 2022 | Indian News, Non-Life
Pradhan also sought a probe into the ”conduct of private insurance companies empanelled in the PMFBY in Odisha, especially in Bargarh district” The education minister, in the letter, said that the issue was being raised by him after having received a...
by AIP Online Bureau | Nov 16, 2022 | Indian News, Life
PFRDA has onboarded Shriram Life Insurance Company (SLIC) as the annuity service provider for the NPS scheme. The empanelment will help the insurance company manage the annuity component of the maturity proceeds under the National Pension System (NPS), SLIC said in a...
by AIP Online Bureau | Nov 16, 2022 | Banking & Bancassurance, Eco/Invest/Demography, International News, Technology, Wealth Management/ Philanthropy
The proposed class action filed late Tuesday night in Miami alleges that FTX yield-bearing accounts were unregistered securities that were unlawfully sold in the U.S When the crypto exchange faltered on liquidity concerns, U.S. investors sustained $11 billion in...
by AIP Online Bureau | Nov 16, 2022 | Workplace/Employee Benefits
The FTX unraveling, which led to its bankruptcy filing and lopped about $200 billion off crypto market value in the last week, is occurring as the EU is about to implement new legislation on supervision of cryptoasset service providers The measure will also add...
by AIP Online Bureau | Nov 16, 2022 | Eco/Invest/Demography, International News, Non-Life, Reinsurance
Ministers have pushed for insurers to be able to direct more capital into areas such as infrastructure and climate transition. The Prudential Regulation Authority (PRA) has warned that loosening the restrictions on where insurers can invest could put future...
by AIP Online Bureau | Nov 16, 2022 | Eco/Invest/Demography, Indian News, Life
LIC’s timing and pricing of selling its Rs 3,400 crore debt of RCAP debt have raised eyebrows. Bidders have alleged a conflict of interest in the sale of LIC debt to ACRE, as both ACRE and LIC are members of RCAP’s COC. ACRE has an exposure of Rs 1,350...
