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IRDA issues alerts on fraud company selling insurance policies “Digital National Motor Insurance”

by AIP Online Bureau | Feb 11, 2021 | Indian News, Non-Life, Regulation

  Hyderabad: The IRDAI on Thursday said It has been brought to its notice that an entity by the name of “DIGITAL NATIONAL MOTOR INSURANCE” operating from #DNMI co. ltd. Portal Office, Krishna Raja Puram, Insurance Info Building, Devasandra, Bangalore...

GIC Re records a net profit of Rs 987 cr in Q3 FY21, cautiously grows its prm to Rs 11,668 cr

by AIP Online Bureau | Feb 11, 2021 | Indian News, Non-Life, Reinsurance

  Mumbai, Feb 11: Despite Covid-19 pandemic disruptions, with all round profit-centric moves, GIC Re, the country’s sole PSU reinsurer, at Rs 987.42 , has returned to the path of profitability in the quarter ending in Dec 2020  as compared to a loss of...

ICICI Lombard launches “Corporate India Risk Index”

by AIP Online Bureau | Feb 11, 2021 | Eco/Invest/Demography, Indian News, Non-Life, Risk Management, Technology

  Mumbai, Feb 11: ICICI Lombard General Insurance, the largest private sector general insurance company, has launched the ‘Corporate India Risk Index’ in collaboration with Frost and Sullivan, a leading management consulting firm to develop the risk...

Road to fighting climate change is through climate justice: PM Modi

by AIP Online Bureau | Feb 11, 2021 | Eco/Invest/Demography, Indian News

  New Delhi: Prime Minister Narendra Modi on Wednesday said the road to fighting climate change is through climate justice and called for giving developing countries enough space to grow. Addressing the World Sustainable Development Summit (WSDS), Modi said two...

Satishwar Balakrishnan elevated as MD &CEO of Aegon Life Insurance

by AIP Online Bureau | Feb 11, 2021 | Indian News, Life, Technology

Satishwar Balakrishnan, MD & CEO, Aegon Life Mumbai: Aegon Life Insurance, digital-only life insurance company, elevated Satishwar Balakrishnan to be the managing director & chief executive officer (MD & CEO). Satishwar, who joined the company in July...

Brazil group sues Norsk Hydro over alleged pollution

by AIP Online Bureau | Feb 10, 2021 | Climate, Environment, Renewable Energy, Eco/Invest/Demography, International News, Risk Management

  OSLO: Some 40,000 Brazilians are bringing a group-action lawsuit in the Netherlands against Norwegian aluminium producer Norsk Hydro over alleged toxic waste pollution in northern Brazil. The lawsuit has been brought by a group of communities who live in the...

Fossil fuel pollution kills millions more than scientists previously knew

by AIP Online Bureau | Feb 10, 2021 | Climate, Environment, Renewable Energy, Eco/Invest/Demography, International News

  Efforts to slow the process of global warming focus on the future harms of continuing to burn fossil fuel, but new research released Tuesday shows that deadly consequences from pollution are killing larger numbers of people right now than had been assumed....

Life insurance policies bought by women fall in FY 2019-20

by AIP Online Bureau | Feb 10, 2021 | Eco/Invest/Demography, Indian News, Life

  Mumbai: Though women comprise roughly 49 per cent of the total population in India and their contribution to the economic activity of the country is significant and is increasing every year, life insuranace policies bought by them have fallen in...

LIC’s net profit rises marginally to Rs 2,713 crore in FY 2019-20, pvt sector  life insurers’ net profit falls by 13 % 

by AIP Online Bureau | Feb 10, 2021 | Indian News, Life

  Mumbai: The life insurance industry, consisting of 24 players, saw its net profit declining by 8 per cent  year on year(y-o-y) to Rs 7,728 crore as against  Rs 8,436 crore in 2018-19, according to the annual report(2019-20) of the IRDAI. Out...

Gadkari calls for ‘all-round’ efforts to reduce road accidents by 2025

by AIP Online Bureau | Feb 10, 2021 | Uncategorized

  New Delhi: Gadkari calls for 'all-round' efforts to reduce road accidents by 2025Union Minister for Road Transport Nitin Gadkari on Tuesday called for all-round efforts by all stakeholders to ensure that deaths due to road accidents are reduced by 50...
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