by AIP Online Bureau | Jul 31, 2022 | Indian News, Life, Non-Life, Regulation
Few bidders, including Piramal, Torrent, Oaktree and IndusInd Bank, have written to the administrator seeking an extension of the deadline from existing August 10 to September 15. Moreover, sources said, one of the bidders Piramal Group is also facing roadblock as...
by AIP Online Bureau | Jul 31, 2022 | Interviews, Non-Life, Reinsurance
Malaya Poddar,CMD, Agriculture Insurance Company AIC’s market share in Crop Insurance increased from 29 % to about 50 % currently over the last 3 years AIC has recently obtained a full-fledged “Agriculture Insurance” license from the regulator IRDAI...
by AIP Online Bureau | Jul 31, 2022 | Banking & Bancassurance, Indian News, Life, Non-Life, Regulation, Technology
Debasish Panda,chairman,IRDAI Corporate agents are allowed to place commercial lines and general insurance covers without any limit on the sum insured The Insurance Marketing Firms (IMF) will be allowed to engage Insurance Sales Persons (ISP) for the purpose of...
by AIP Online Bureau | Jul 31, 2022 | Eco/Invest/Demography, Indian News, Risk Management, Wealth Management/ Philanthropy
This is in sharp contrast to a net withdrawal of Rs 50,145 crore from the stock market seen in June. This was the highest net outflow since March 2020, when foreign portfolio investors (FPIs) had pulled out Rs 61,973 crore from equities, data with depositories showed...
by AIP Online Bureau | Jul 30, 2022 | Climate, Environment, Renewable Energy, Eco/Invest/Demography, Indian News
Ashwini Kumar Choubey,Union Minister of State for Environment “Our per capita emissions are 1.96 tonnes which is less than one-third of the world’s per capita GHG (greenhouse gas) emissions and our annual emissions in 2016 are only about 5 per cent of the...
by AIP Online Bureau | Jul 30, 2022 | Indian News, Pension & Social Security, Technology
Union Minister of Labour and Employment Bhupender Yadav who also chairs EPFO’s apex decision-making body the Central Board of Trustees launched the face authentication technology for pensioners and stated a labour ministry statement New Delhi: EPFO launches face...
by AIP Online Bureau | Jul 30, 2022 | Eco/Invest/Demography, Indian News, Non-Life, Reinsurance
Of the total 75 districts of the state, 67 recorded deficient rainfall while only seven recorded normal rainfall during this period Lucknow: With deficient rains across Uttar Pradesh in this monsoon, farmers are staring at difficult days ahead fearing a sharp...
by AIP Online Bureau | Jul 30, 2022 | Eco/Invest/Demography, International News, Non-Life, Reinsurance
Revenue policies make up the bulk of the premium for the MPCI program, according to the report, so the loss ratio for revenue products has the most significant impact on the overall results of the program OLDWICK, N.J: Premiums in the US multi-peril crop insurance...
by AIP Online Bureau | Jul 30, 2022 | International News, Non-Life, Reinsurance
The latest figures reveal insured losses have increased six per cent from last month to a record-breaking $5.134 billion The average claim is $22,000, with personal claims averaging $17,000 and commercial claims averaging $71,000 New data, released by the Insurance...
by AIP Online Bureau | Jul 30, 2022 | Eco/Invest/Demography, International News, Non-Life, Reinsurance
The ruling Communist Party’s military wing, the People’s Liberation Army, was conducting “live-fire exercises” near the Pingtan islands off Fujian province from 8 a.m. to 9 p.m., the official Xinhua News Agency said. The Maritime Safety Administration warned ships to...
