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PMS’ asset base rises 17% to Rs 25.4 trn in July, shows Sebi data

by AIP Online Bureau | Sep 9, 2022 | Data, Eco/Invest/Demography, Wealth Management/ Philanthropy

The increase in AUM of the PMS industry is in line with the recovery in broad markets and heightened interest from HNIs (High Networth Individuals) and family offices in PMS structures, Abhay Agarwal, Founder, and Fund Manager of Sebi-registered portfolio management...

Poor mental health of employees costs Indian employers $14 bn yearly: Deloitte survey

by AIP Online Bureau | Sep 8, 2022 | Facts, Health

The survey dives into the top stressors from an employee’s perspective, along with an estimate of the yearly economic cost to Indian companies arising from poor employee mental health. Poor mental health amongst employees costs Indian employers around USD 14...

General insurance industry’s premium grow 12% to Rs 24,471 crore in Aug

by AIP Online Bureau | Sep 8, 2022 | Health, Indian News, Non-Life

Gross premium underwritten by general insurance companies has gone up by 18.57 percent to Rs.102,357 crore during the five months ended August 2022 The market share of private players also increased to 50.23 percent during the period from 47.90 percent a year ago...

Insurers receiving claims for damaged vehicles due to floods in Bengaluru

by AIP Online Bureau | Sep 7, 2022 | Eco/Invest/Demography, Indian News, Non-Life, Reinsurance

Majority of claims would be related to vehicle damage. Bengaluru: Insurance companies have started receiving claims for the vehicles damaged due to floods in India’s IT hub Bengaluru. Incessant rain and and consequent waterlogging in many parts of the city led...

MS Amlin strengthens its Singapore team with six new hires

by AIP Online Bureau | Sep 7, 2022 | International News, Non-Life, Reinsurance

The new appointments will bolster MS AAP’s underwriting and claims expertise, with four hires to the Reinsurance division and an additional hire to the Political Violence, Trade Credit and Political Risks team London: MS Amlin Underwriting Limited (MS AUL), the...

SC rejects Bagic’s plea against Bombay HC order on crop claims

by AIP Online Bureau | Sep 7, 2022 | Indian News, Non-Life, Reinsurance

Earlier, the top court had on June 16 stayed a Bombay High Court order which asked Bagic to compensate over 3.5 lakh farmers under the PMFBY for the loss of soybean crop due to heavy rainfall in 2020.The vacation bench had asked the insurance company to deposit Rs 200...

Industry headwinds fail to dampen ILS Success, Aon Report

by AIP Online Bureau | Sep 7, 2022 | Disaster & Management, Eco/Invest/Demography, International News, Non-Life, Reinsurance

The study reveals that ILS capital remained relatively stable at $95 billion through June 30 – a reduction of approximately 2 percent relative to the $97 billion recorded in the prior-year period. CHICAGO: Aon plc in its annual report, published today, about the...

India: Just 44 pc of premium office space green certified; Green buildings command higher rent,Report

by AIP Online Bureau | Sep 7, 2022 | Climate, Environment, Renewable Energy, Data, Eco/Invest/Demography

The seven cities are Mumbai, Delhi-NCR, Bengaluru, Chennai, Hyderabad, Pune, and Kolkata. ”It is imperative to look at growing the overall certification coverage if we are to look at achieving the net-zero pledge of 2070 for India, with real estate set to play a...

India extends emissions deadline for coal-fired plants for third time

by AIP Online Bureau | Sep 7, 2022 | Workplace/Employee Benefits

India extended a deadline for coal-fired power plants to install equipment to cut sulphur emissions by two years, the government said in a notification on Tuesday, marking the third pushback on a commitment to clean up dirty air. Indian cities have some of the...

DCGI nod to Bharat Biotech’s intranasal Covid vaccine for restricted emergency use

by AIP Online Bureau | Sep 7, 2022 | Health, Indian News, Pandemic

”Big Boost to India’s Fight Against COVID-19! Bharat Biotech’s ChAd36-SARS-CoV-S COVID-19 (Chimpanzee Adenovirus Vectored) recombinant nasal vaccine approved by @CDSCO_INDIA_INF for primary immunization against COVID-19 in 18+ age group for...
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