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Assam floods: 3 dead, nearly 25,000 people in 94 villages affected

Assam floods: 3 dead, nearly 25,000 people in 94 villages affected

by AIP Online Bureau | May 15, 2022 | Disaster & Management, Indian News, Non-Life

According to the flood reports of Assam State Disaster Management Authority (ASDMA), till May 14, a total of 24,681 people in 94 villages in six districts – Cachar, Dhemaji, Hojai, Karbi Anglong West, Nagaon and Kamrup (Metro) have been affected in the first...

Govt to soon approve recast of Banks Board Bureau

by AIP Online Bureau | May 15, 2022 | Banking & Bancassurance, Indian News, Non-Life, Policy

The Delhi High Court(Delhi HC), while disposing one of the cases , has already disapproved BBB’s power to select directors of public sector insurance companies while another case questioning the BBB’s power to appoint CMDS of PSU general insurance...
More lives are lost in road accidents than in war: MoS Gen VK Singh

More lives are lost in road accidents than in war: MoS Gen VK Singh

by AIP Online Bureau | May 15, 2022 | Eco/Invest/Demography, Non-Life, Policy

According to recent government data, total 3,66,138 road accidents occurred in India during 2020, causing 1,31,714 deaths New Delhi: India loses more people in road accidents than in a war, Union Minister General (retd) V K Singh said on Friday. Addressing an event...
LIC IPO: Listing on Tuesday, Faith of millions of Indian small investors put to test

LIC IPO: Listing on Tuesday, Faith of millions of Indian small investors put to test

by AIP Online Bureau | May 15, 2022 | Eco/Invest/Demography, Indian News, Life, Wealth Management/ Philanthropy

“The mood could turn sour if the market price falls,” said Amitabh Dubey, a political analyst at research company TS Lombard. “The government could face criticism” Of the 21 Indian state-run companies that debuted in the stock market since 2010, half are still trading...

Govt looks for a new IRDAI member (life)

by AIP Online Bureau | May 15, 2022 | Indian News, Life, Regulation

A search panel, The Financial Sector Regulatory Appointment Search Committee (FSRASC), headed by the cabinet secretary normally interviews and selects a candidate for the post members and chairmen/governor of regulatory bodies like Reserve Bank of India, Sebi and...

Table Portal Software program

by AIP Online Bureau | May 15, 2022 | Workplace/Employee Benefits

The right panel portal computer software will not only facilitate board meetings, but likewise deliver document management and collaboration features. It should allow users to talk about files and regulate access permissions, and really should also include...
Illegal structures, scant regard for fire safety norms led to loss of lives in fires in Delhi

Illegal structures, scant regard for fire safety norms led to loss of lives in fires in Delhi

by AIP Online Bureau | May 14, 2022 | Indian News, Risk Management

In December 2019, the Anaj Mandi blaze claimed 44 lives, making it the most severe fire incident in the national capital after the Uphaar Cinema tragedy that claimed 59 lives and left over 100 injured in June, 1997 New Delhi: Illegal structures, scant regard for fire...

Africa Specialty Risks Energy Portfolio’s capacity increased to $38 million

by AIP Online Bureau | May 14, 2022 | Eco/Invest/Demography, International News, Non-Life, Reinsurance

This follows 12 months of profitable underwriting results for ASR’s energy portfolio which provides coverage for the entire African continent including upstream, downstream, power, utilities, and renewables So far, they have provided insurance cover in over 20 African...
Lloyd’s broker unveils product for crypto and digital asset businesses

Lloyd’s broker unveils product for crypto and digital asset businesses

by AIP Online Bureau | May 14, 2022 | Eco/Invest/Demography, International News, Non-Life, Reinsurance, Technology, Wealth Management/ Philanthropy

The product, named Daylight, will help digital asset businesses secure insurance and manage risks more easily. Daylight uniquely combines cutting-edge machine-learning technology with the expertise of Superscript’s digital asset insurance brokers Superscript...

NDMA reviews preparations ahead of monsoon, plans NDRF deployment in flood-prone areas

by AIP Online Bureau | May 14, 2022 | Disaster & Management, Indian News, Non-Life, Policy, Reinsurance, Risk Management

Use of Damini App, Nowcast, as also various Google alerts for effective early warning dissemination was emphasised to achieve a target of zero mortality in the coming monsoon season, an official statement said New Delhi: The monsoon this year is likely to be normal...
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