by AIP Online Bureau | Jul 1, 2025 | International News, Non-Life, Reinsurance, Risk Management
Ramaswamy Narayanan, CMD, GIC Re Ramaswamy Narayanan, GIC Re chairman and managing director, said: “We are pleased to commence this partnership with Asta as we consider they are best-placed to help deliver the group’s strategy through managing our fully-aligned...
by AIP Online Bureau | Jul 1, 2025 | Disaster & Management, Indian News
“The state government will talk to the company management that Rs 1 crore each compensation will be paid to the deceased families. I have issued orders that from both the government side and company side Rs 1 Crore compensation will be paid,” Telangana Chief Minister...
by AIP Online Bureau | Jul 1, 2025 | Indian News, Life, Non-Life
For insurance sector appointment, Usha Sangwan, former Managing Director, LIC, A.V. Girija Kumar, former Chairman and Managing Director, Oriental Insurance Company Ltd and Sujay Banarji, former whole-time member (distribution), IRDAI, too have been given extension as...
by AIP Online Bureau | Jul 1, 2025 | Banking & Bancassurance, Eco/Invest/Demography, Indian News, Technology
M Nagaraju, Secretary,Department of Financial Services “Secretary directed private sector banks to increase their participation in implementation of govt schemes. He stressed upon fast settlement of the claims under Jansuraksha schemes, augmentation of banking...
by AIP Online Bureau | Jun 30, 2025 | Banking & Bancassurance, Indian News, Life, Non-Life
Generali will be holding a 74% stake while Central Bank of India will be holding up to 26% in the joint venture Jaime Anchústegui, deputy CEO, Insurance, Generali Group, commented: “We are pleased to announce this new chapter for our business in India together with...
by AIP Online Bureau | Jun 30, 2025 | Indian News, Non-Life, Reinsurance, Risk Management
“The Hyderabad facility is fully insured, and we are in the process of initiating the necessary claims as per standard procedures. We remain committed to resuming operations at the earliest, with enhanced focus on safety, risk mitigation, and operational...
by AIP Online Bureau | Jun 30, 2025 | Eco/Invest/Demography, Indian News, Life, Pension & Social Security, Regulation
P. Jaipuria, secretary general, Insurance Institute of India, S.N. Bhattacharya, Secretary General, Life Insurance Council, Sat Pal Bhanoo, CEO & MD (In-charge), Life Insurance Corporation, Inderjeet Singh, Secretary General Insurance Council, Kavita...
by AIP Online Bureau | Jun 30, 2025 | Eco/Invest/Demography, International News, Non-Life, Reinsurance, Risk Management
Shipping rates for supertankers, which can carry 2 million barrels of oil, jumped over the past week before the ceasefire – more than doubling to over $60,000 a day. Rates were quoted around $50,000 a day on Thursday, freight data showed. “Tanker rates …...
by AIP Online Bureau | Jun 30, 2025 | Eco/Invest/Demography, International News, Technology
“Clients would hear us talking about using AI and say, We want our fair share of those efficiencies. We certainly, as appropriate, give our clients the pricing benefit of the efficiencies we’re achieving. Like it’s competitors, PwC helps clients integrate...
by AIP Online Bureau | Jun 29, 2025 | Indian News, Non-Life, Regulation, Reinsurance
The affirmation of the ratings on GIC Re SA reflects S&P’s expectation that the insurer will continue to benefit from ongoing financial and operational support from its wholly owned parent, GIC Re . GIC Re SA benefits from rating uplift due to the support of...
