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Swiss Re PARTNERS Baidu for risk expertise and insurance innovation in autonomous driving

Swiss Re PARTNERS Baidu for risk expertise and insurance innovation in autonomous driving

by AIP Online Bureau | Nov 19, 2021 | International News, Non-Life, Reinsurance, Risk Management, Technology

Andrea Keller, Head of Automotive & Mobility Solutions at Swiss Re, said: “Together with our partner Baidu, we analyse how automated cars perceive their surroundings and how they process that information and respond to it. Our goal is to understand how such...
Govt has  brought more farmers under Fasal Bima Yojana: PM Modi

Govt has  brought more farmers under Fasal Bima Yojana: PM Modi

by AIP Online Bureau | Nov 19, 2021 | Indian News, Non-Life, Policy, Workplace/Employee Benefits

Prime Minister Narendra Modi Announcing the repeal of three controversial fam laws, Prime Minister Narendra Modi said his government  strengthened Fasal Bima Yojana and  brought more farmers under it Small farmers brought under insurance, direct benefit transfer among...

Zurich Insurance stops underwriting new greenfield oil exploration projects

by AIP Online Bureau | Nov 18, 2021 | Climate, Environment, Renewable Energy, Eco/Invest/Demography, International News, Non-Life, Reinsurance

The pledges come after banks, insurers and investors with $130 trillion at their disposal vowed at the U.N.’s COP26 climate conference in Scotland this month to put combating climate change at the center of their work. Zurich Insurance Group will no longer underwrite...
Global reinsurers remain bullish on Asian markets

Global reinsurers remain bullish on Asian markets

by AIP Online Bureau | Nov 18, 2021 | International News, Life, Non-Life, Pandemic

With Asia leading the charge, the future of the global (re)insurance industry to be robust, driven by a rapidly changing risk landscape that includes socioeconomic and behavioural changes on top of climate change Singapore: The global reinsurance industry has remained...

RBI may launch digital currency pilot next year

by AIP Online Bureau | Nov 18, 2021 | Eco/Invest/Demography, Indian News, Regulation, Technology

MUMBAI: The Reserve Bank of India’s digital currency may see its pilot launch in the first quarter of the next fiscal year, a senior central bank officer said at the State Bank of India’s Banking and Economic Conclave as reported by a local newspaper....
SC asks general insurers to develop an app for expediting MACT claim payments

SC asks general insurers to develop an app for expediting MACT claim payments

by AIP Online Bureau | Nov 18, 2021 | Indian News, Non-Life, Policy, Technology

If the GI Council  and other insurance companies fail to develop the app within two months, the Central government will be called upon to do so,said the SC New Delhi: In a significant development, the Supreme Court has issued a slew  of orders in bid to...

‘Most Important Ingredient of Sexual Assault Is Sexual Intent, Not Skin-to-Skin Contact’: SC

by AIP Online Bureau | Nov 18, 2021 | Policy, Workplace/Employee Benefits

The most important ingredient for constituting the offence of sexual assault is sexual intent and not skin-to-skin contact with the child. Construction of a rule should give effect to the rule rather than destroying it. Any narrow interpretation of the provision which...

Global marine insurance premiums rise 6.1% to reach $30 billion in 2020

by AIP Online Bureau | Nov 18, 2021 | International News, Non-Life

IUMI Stats contains analysis from its major claims database which now comprises 9000 claims records amounting to $14Bn of major losses. Global marine insurance premiums for 2020 increased by 6.1% from 2019 to reach $30 billion, demonstrating real global market...
Modi urges global cooperation to make cryptocurrencies safe

Modi urges global cooperation to make cryptocurrencies safe

by AIP Online Bureau | Nov 18, 2021 | Eco/Invest/Demography, Indian News, Policy, Regulation, Technology, Workplace/Employee Benefits

Prime Minister Narendra Modi . Prime Minister Narendra Modi India’s digital currency market was worth $6.6 billion in May 2021, compared with $923 million in April 2020, according to blockchain data platform Chainalysis. MUMBAI: Indian Prime Minister Narendra...
India’s Paytm crashes in market debut, business model questioned

India’s Paytm crashes in market debut, business model questioned

by AIP Online Bureau | Nov 18, 2021 | Eco/Invest/Demography, Indian News, Technology

Paytm, backed by China’s Ant Group and Japan’s SoftBank and Berkshire Hathway, grew rapidly after Uber listed it as a quick payment option in India and has expanded into a plethora of services – insurance and gold sales, movie and flight ticketing,...
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