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Hong Kong tops the list of World’s 20 most expensive cities for expats

by AIP Online Bureau | Jun 8, 2022 | Eco/Invest/Demography, Facts

Higher prices and a stronger currency over the past year kept the Asian city at the top of the tree, according to ECA International, which carried out its research in March this year. London and Tokyo round out the top five Hong Kong is the world’s most expensive city...
RBI raises key lending rate by 50 basis points to check raging inflation

RBI raises key lending rate by 50 basis points to check raging inflation

by AIP Online Bureau | Jun 8, 2022 | Eco/Invest/Demography, Indian News, Policy, Regulation, Risk Management, Wealth Management/ Philanthropy

Shaktikanta Das.Governor,RBI RBI Governor Shaktikanta Das said that real GDP for FY23 is seen at 7.2%, and that for Q1 at 16.2%, Q2 at 6.2%, Q3 at 4.1%, and Q4 at 4%. The inflation projection for the current financial year is seen at 6.7% and for Q1 at 7.5%, Q2 at...

PB Fintech co-founder sells firm’s shares worth Rs 230 cr

by AIP Online Bureau | Jun 8, 2022 | Indian News, Intermediaries

According to bulk deal data available with the National Stock Exchange (NSE), Dahiya sold a total of 37,69,471 shares of PB Fintech The shares were sold at an average price of Rs 610.24 apiece, taking the transaction size to Rs 230 crore New Delhi: PB Fintech...
Upgrading Indian Insurance Regulatory Framework

Upgrading Indian Insurance Regulatory Framework

by AIP Online Bureau | Jun 7, 2022 | Articles, Life, Regulation

After 20 years of liberalisation, stage is set for larger reforms to leapfrog the Indian industry to the next level   By C.L. Baradhwaj The Indian Insurance industry has crossed 20 years after privatisation. As per IRDAI’s Annual Report, insurance penetration for the...
IRDAI wants commission costs to be displayed on policy papers, to streamline Expense of Management structure for insurers

IRDAI wants commission costs to be displayed on policy papers, to streamline Expense of Management structure for insurers

by AIP Online Bureau | Jun 7, 2022 | Health, Indian News, Life, Non-Life, Regulation

Rakesh Joshi, member (Finance and Investment), IRDAI Rakesh Joshi, member (Finance and Investment),IRDAI, had met chief financial officers (CFOs) of insurance companies and outlined IRDA’s agenda of laying out a clear cut road map on expenses of management so...
LIC shares decline for 5th day; mcap falls below Rs 5 lakh cr-mark

LIC shares decline for 5th day; mcap falls below Rs 5 lakh cr-mark

by AIP Online Bureau | Jun 6, 2022 | Indian News, Life, Wealth Management/ Philanthropy

LIC had fixed the issue price of its shares at Rs 949 apiece after a successful IPO, which was over subscribed nearly 3-times when it closed on May 9 Mumbai: Shares of Life Insurance Corporation of India (LIC) continued to fall for the fifth day running on Monday and...
Ukraine war and cyber resilience combine to temper global ransomware activity: Howden report

Ukraine war and cyber resilience combine to temper global ransomware activity: Howden report

by AIP Online Bureau | Jun 6, 2022 | Articles, Eco/Invest/Demography, Non-Life, Reinsurance, Technology

Shay Simkin, Global Head of Cyber, Howden, commented: “Market conditions remain difficult, but two potential tailwinds may help companies and insurance carriers as this year progresses. The first is off the back of more favourable ransomware trends following...

Gallagher Re continues to strengthen APAC region with senior hires

by AIP Online Bureau | Jun 6, 2022 | International News, Non-Life, Reinsurance

Mark Morley, Managing Director of Asia Pacific at Gallagher Re, said, “ These latest senior appointments build out our strategic analytical, actuarial and client engagement capabilities across the wider Asia Pacific region, which continues to be a significant growth...
Australian court asks Google to pay politician over defamatory YouTube videos

Australian court asks Google to pay politician over defamatory YouTube videos

by AIP Online Bureau | Jun 6, 2022 | International News, Technology

By continuing to publish the content, Google breached its own policies of protecting public figures from being unfairly targeted and “drove lawmaker John Barilaro prematurely from his chosen service in public life and traumatised him significantly,” judge,...
49 killed in fire at Bangladesh chemical container depot

49 killed in fire at Bangladesh chemical container depot

by AIP Online Bureau | Jun 5, 2022 | International News, Non-Life, Workplace/Employee Benefits

“The fire was caused by chemicals including hydrogen peroxide, making the situation difficult,” fire service chief Brigadier General Mohammad Mainuddin told reporters at the scene where the firefighters were trying to extinguish the blaze amid intermittent explosions...
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