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Threats of drought, flooding and blistering heat keeping supplies of global crop tight and prices elevated

by AIP Online Bureau | Aug 10, 2022 | Eco/Invest/Demography, International News, Non-Life

Rice, another important Indian crop, was planted on a smaller area so far this season due to a lack of rainfall in some main growing areas, including West Bengal and Uttar Pradesh, which account for a quarter of the country’s output. This will potentially reduce...

HDFC Ergo Gen launches ‘Pay As You Drive” cover

by AIP Online Bureau | Aug 10, 2022 | Indian News, Non-Life, Technology

Anyone driving less than 10,000 km in a year can benefit up to 25% of their own damage premium, subject to the odometer reading, saod HDFC Ergo General Insurance. “During the policy period, we want our customers to enjoy their drive rather than tracking their...

River Godavari crosses first danger level in AP, 5 districts face flood threat

by AIP Online Bureau | Aug 10, 2022 | Disaster & Management, Eco/Invest/Demography, Indian News

”We have issued the first warning signal at Dowaleswaram. We have accordingly alerted the officials of the districts along the river course to take required precautionary measures,” State Disaster Management Authority Managing Director B R Ambedkar said...

Munich Re’s profit slumps, investment portfolio takes a hit of almost $1 billion

by AIP Online Bureau | Aug 10, 2022 | International News, Non-Life, Reinsurance

The reinsurer already wrote down the value of Russian and Ukrainian bonds by almost 700 million euros in the first quarter, and also booked about 200 million euros in war-related reinsurance costs in the first half of the year The Munich-based company wrote down the...

“Ships exporting Ukraine grain through the Black Sea will be protected by a 10 nautical mile”

by AIP Online Bureau | Aug 10, 2022 | Eco/Invest/Demography, International News, Non-Life, Reinsurance

The initiative has been operating in a trial phase for the past two weeks. Ten ships – stuck in Ukraine since the war started – have departed with corn, soybeans and sunflower oil and meal. Two empty vessels have traveled to Ukraine to collect shipments. The biggest...

Govt mulls adoption of common charger for all devices; calls meet on Aug 17

by AIP Online Bureau | Aug 10, 2022 | Facts, Technology

The meeting with mobile makers and sector-specific organisations has been scheduled to assess the possibility of ending the use of multiple chargers in India and reduce the burden on consumers besides preventing e-waste, the official said New Delhi: The government is...

Aon strengthens its natural resources offering across APAC by naming new leaders

by AIP Online Bureau | Aug 10, 2022 | Climate, Environment, Renewable Energy, Intermediaries, International News

“With the changing landscape of the oil, gas and mining industry driven by Environmental, Social and Governance strategies, as advisors we need to be at the forefront of developing offerings to support with energy transition amid emerging volatility,” said Melissa...

Finance ministry invites application for PFRDA chairperson post

by AIP Online Bureau | Aug 10, 2022 | Indian News, Pension & Social Security, Policy

Besides senior government officials, private sector employees who have worked at the level of CEO, CFO, COO or equivalent are also eligible to apply for the post. The position is also open for persons from an academic backgrounds New Delhi: The government has started...

Life insurers’ new premium income jumps 91pc to Rs 39,079cr in July

by AIP Online Bureau | Aug 9, 2022 | Indian News, Life

The country’s largest life insurer LIC registered a more than twofold jump in new business premium income to Rs 29,116.68 crore during the month compared to Rs 12,030.93 crore in the year-ago month, the Insurance Regulatory and Development Authority of India...
IRDAI is yet to take any decision on “disclosure of commission on the policy document”:Minister Karad

IRDAI is yet to take any decision on “disclosure of commission on the policy document”:Minister Karad

by AIP Online Bureau | Aug 9, 2022 | Indian News, Intermediaries, Non-Life, Regulation

Bhagwat Karad, minister of state, ministry of finance IRDAI has informed that they have not received any complaint raising the issue of difficulties faced by individual agents of public general insurance due to cut and pay system of some private insurers who offer...
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