by AIP Online Bureau | Oct 6, 2022 | Indian News, Non-Life, Workplace/Employee Benefits
“The ministry of finance wants the unions to agree for the performance based wage revision in future before effecting the new revision of 12 per cent hike with five years of arrears for the workforce of the general insurance industry,” said sources in the...
by AIP Online Bureau | Oct 6, 2022 | Workplace/Employee Benefits
We understand that our Wage Revision file has been returned by FM office without approval, seeking some clarifications. Further, We have received a communication from GIPSA that a meeting of check off qualified associations (one representative each) with DFS has been...
by AIP Online Bureau | Oct 6, 2022 | Eco/Invest/Demography, Facts, Technology
“The digital economy in Asia and the Pacific is growing at great speed, with e-commerce expected to reach $2 trillion by 2025. As digital transformation reshapes jobs in the region, there is an urgent need to invest in digital skills and talent,” said ADB...
by AIP Online Bureau | Oct 6, 2022 | International News, Life
“We will be able to realize a higher underwriting automation rate using the build-in analytics to adjust rule performance. It is also easier to maintain SaaS solution and the ability to quickly scale-up additional SPARK services for new business use cases”...
by AIP Online Bureau | Oct 6, 2022 | Intermediaries, International News, Non-Life, Reinsurance
Tan will be responsible for servicing clients and markets across Asia Pacific as part of Howden RE’s growing treaty reinsurance division dedicated to the region and her appointment represents Howden’s continued investment in expertise Singapore: Howden Reinsurance...
by AIP Online Bureau | Oct 6, 2022 | Banking & Bancassurance, Indian News, Regulation
The supervisory jurisdiction of the RBI extends over banks, urban cooperative banks (UCB), NBFCs, payment banks, small finance banks, local area banks, credit information companies and select all India financial institutions The Reserve Bank is planning to extensively...
by AIP Online Bureau | Oct 6, 2022 | Banking & Bancassurance, Disaster & Management, Eco/Invest/Demography, International News, Policy
According to the federal government’s estimate, the floods have caused a collective loss of more than USD 40 billion Islamabad: The Asian Development Bank on Wednesday announced that it will provide USD 2.3 to 2.5 billion for relief operations in the wake of...
by AIP Online Bureau | Oct 6, 2022 | Eco/Invest/Demography, Facts, Health
By 2030, one in four Singaporeans will be aged 65 and above, up from one in six today. Singapore is ramping up the nursing homes’ bed capacity to 31,000 beds by 2030 from 16,200 now One key challenge for Singapore is to find enough foreign nurses to supplement...
by AIP Online Bureau | Oct 6, 2022 | Eco/Invest/Demography, International News, Non-Life, Policy, Reinsurance, Technology
The changes will enable telcos to share government-issued identification documents with banks to allow them to implement enhanced monitoring for customers impacted by data breaches Australia on Thursday proposed an overhaul of consumer privacy rules that will help...
by AIP Online Bureau | Oct 6, 2022 | International News, Non-Life, Reinsurance
While AM Best expects premium revenue to increase, mainly driven by fire, personal accident and other specialty insurance, it is probable that underlying underwriting profit will contract from a higher loss ratio for voluntary automobile insurance. Potentially higher...
