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Non-life insurers’ gross premium income rises 24% to Rs 21,327 cr in April

by AIP Online Bureau | May 13, 2022 | Health, Indian News, Non-Life

The five standalone private sector health insurance companies posted a 29.14 per cent growth in their collective gross premium income during the month at Rs 1,550.14 crore, as against Rs 1,200.34 crore in the year-ago period Mumbai: The gross premium income of...

IRDAI grants compliance relief to general insurers and FRBs

by AIP Online Bureau | May 13, 2022 | Indian News, Non-Life, Regulation, Reinsurance

Further IRDAI has decided that the FRBs and Lloyd’s India need not publish the half yearly and annual Revenue Account, Profit & Loss Account, Balance Sheet and Analytical Ratios etc. in the newspapers Hyderabad: Providing compliance relief, the insurance regulator...
Crypto collapse intensifies,Over $200 billion wiped off in a day

Crypto collapse intensifies,Over $200 billion wiped off in a day

by AIP Online Bureau | May 13, 2022 | Eco/Invest/Demography, International News, Technology, Wealth Management/ Philanthropy

Cryptocurrencies have been swept up in a sell-off in risk assets, which has picked up steam this week as data showed U.S. inflation running hot, deepening investor fears about the economic impact of aggressive central bank tightening. The sell-off has taken the...
LIC IPO: Share price fixed at Rs 949, Govt raises Rs 20,560 crore

LIC IPO: Share price fixed at Rs 949, Govt raises Rs 20,560 crore

by AIP Online Bureau | May 13, 2022 | Indian News, Life, Policy, Wealth Management/ Philanthropy

LIC share trading on the stock exchange is due to begin May 17 LIC’s debut comes at a time when capital-market activities have significantly slowed globally as the war in Ukraine stokes market volatility and saps investor appetite Mumbai: India raised Rs 20,560 crore...
Assisted driving systems struggle with collision tests: US consumer body

Assisted driving systems struggle with collision tests: US consumer body

by AIP Online Bureau | May 13, 2022 | Eco/Invest/Demography, Facts, Non-Life, Reinsurance, Technology

A fast-growing number of new vehicles are equipped with Automated Driver Assistance Systems, or ADAS, that partially automate functions such as steering, staying in a lane and braking. Tesla’s Autopilot is one of the best-known such systems, but most major automakers...

Study of diverse populations sheds light on Type 2 Diabetes

by AIP Online Bureau | May 13, 2022 | Eco/Invest/Demography, Facts, Health

According to the study, the global prevalence of Type 2 Diabetes, a familial disease with severe morbidity has increased four-fold over the last three decades. South Asia, especially India and China are major hubs of this spurt. It is thought that Indians are...
South-west monsoon knocks at Andaman & Nicobar islands, early onset over Kerala likely

South-west monsoon knocks at Andaman & Nicobar islands, early onset over Kerala likely

by AIP Online Bureau | May 13, 2022 | Eco/Invest/Demography, Indian News

”Normally, monsoon advances over Nicobar Islands on May 15 and covers Mayabunder, the extreme north point in the Andaman islands by May 22,” said India Meteorological Department Director General Mrutyunjay Mohapatra Most parts of north India experienced...
World ‘at a crossroads’ as droughts increase nearly a third in a generation

World ‘at a crossroads’ as droughts increase nearly a third in a generation

by AIP Online Bureau | May 13, 2022 | Articles, Climate, Environment, Renewable Energy, Disaster & Management, Eco/Invest/Demography

From 1970 to 2019, weather, climate and water hazards, accounted for 50 per cent of disasters and 45 per cent of disaster-related deaths, mostly in developing countries. By 2030, an estimated 700 million people will be at risk of being displaced by drought.By 2040, an...
AXA launches mental health covers for Indian gr clients,  partners with Manas for Mental Health Helpline

AXA launches mental health covers for Indian gr clients, partners with Manas for Mental Health Helpline

by AIP Online Bureau | May 12, 2022 | Eco/Invest/Demography, Health, Indian News, Non-Life, Pandemic, Technology

Ankur Nijhawan, CEO, AXA France Vie India Reinsurance Branch Ankur Nijhawan, CEO, AXA France Vie India Reinsurance Branch said, “Mental health is still ignored as a disease in India and we don’t provide primary care to the individuals who are dealing with it. At AXA...

Covers for Home, Micro and Small Businesses can be tailor-made: IRDAI

by AIP Online Bureau | May 12, 2022 | Indian News, Non-Life, Regulation, Reinsurance

The new move will enable insurance companies to broaden the coverage already provided in the standard products by offering innovative add-ons or varying the existing provisions to meet the needs of the policyholders in terms of suitability and affordability Hyderabad:...
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