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Cloudbursts: Hitting Himalayan regions hard

Cloudbursts: Hitting Himalayan regions hard

by AIP Online Bureau | Aug 19, 2025 | Articles, Disaster & Management, Eco/Invest/Demography, Risk Management, Technology

This monsoon season has so far seen at least four major deadly cloudbursts, including in Uttarakhand, India, where video captured the moment when village buildings were swept down a mountain, and in Buner, in the Hindu Kush mountain range in Pakistan, where more than...
Cabinet approves bill to regulate online gaming platforms, real money games may face ban

Cabinet approves bill to regulate online gaming platforms, real money games may face ban

by AIP Online Bureau | Aug 19, 2025 | Eco/Invest/Demography, Indian News, Policy, Regulation, Risk Management, Technology

Sources said that the decision has come following observations from the government that online money gaming provides means to facilitate money laundering, fraudulent financial transactions, and cyber crime, among others The Cabinet has approved the bill to regulate...
Mumbai rained out; air, road, rail services hit; 500 evacuated after Mithi level rises

Mumbai rained out; air, road, rail services hit; 500 evacuated after Mithi level rises

by AIP Online Bureau | Aug 19, 2025 | Disaster & Management, Eco/Invest/Demography, Indian News

“Mumbai has witnessed a record rainfall of nearly 300 mm. The city’s lifeline — suburban trains — have slowed down. The Mithi river (which runs through Mumbai) reached the danger-level mark and 400 to 500 persons had to be evacuated,”...

Lockton India appoints Girish Mantri from Howden India as CFO

by AIP Online Bureau | Aug 19, 2025 | Briefs, Intermediaries, Non-Life

Lockton, the world’s largest privately held, independent insurance broker, has roped in Girish Mantri from Howden India as its chief financial Officer (CFO) at Lockton India. With over 19 years of extensive experience in the insurance broking industry, Girish brings a...

LIC launches special revival campaign for revival of lapsed policies from 18th August to 17th October 2025

by AIP Online Bureau | Aug 19, 2025 | Briefs, Life

LIC has come up with a special revival campaign for revival of lapsed policies from 18th August 2025 to 17th October 2025, for individual lapsed policies. Concession is being offered in late fee for all Non-Linked Insurance Plans upto 30% of late fee upto a maximum...

by AIP Online Bureau | Aug 18, 2025 | Workplace/Employee Benefits

Centre pushes financial inclusion with insurance, health schemes for all

Centre pushes financial inclusion with insurance, health schemes for all

by AIP Online Bureau | Aug 18, 2025 | Banking & Bancassurance, Eco/Invest/Demography, Indian News, Life, Non-Life, Policy

Pankaj Chaudhary,Minister of State for Finance According to the minister, to streamline access, the government has also launched a Jansuraksha portal with detailed information on the Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY) and the Pradhan Mantri Suraksha Bima...
Pakistan resumes rescue operations in flood-hit areas; death toll over 300

Pakistan resumes rescue operations in flood-hit areas; death toll over 300

by AIP Online Bureau | Aug 18, 2025 | Workplace/Employee Benefits

The intense rain has claimed lives and spread destruction in several northern districts, with most people killed in flash floods, according to the National Disaster Management Authority BUNER, Pakistan: Heavy rain in northwest Pakistan halted rescue and relief...

AM Best’s Top 50 Global Reinsurers: Swiss Re unseats Munich Re as new No 1 among IFRS-17 players in 2024

by AIP Online Bureau | Aug 18, 2025 | International News, Reinsurance

Non-IFRS 17 RankIFRS 17 RankCompany NameLife & Non-Life Reinsurance Premiums (GPW)Life & Non-Life Reinsurance Revenue (Gross)Total Share-holders Funds2Combined Ratio3 1Swiss Re Ltd.361812324089.9 2Munich Reinsurance Company325553411277.3 3Hannover Rück...
GST rejig: Sitharaman to address Aug 20 GoM meet to put forth Centre’s rate cut proposal

GST rejig: Sitharaman to address Aug 20 GoM meet to put forth Centre’s rate cut proposal

by AIP Online Bureau | Aug 18, 2025 | Eco/Invest/Demography, Indian News, Policy, Regulation

Nirmala Sitharaman , Union Finance Minister The GoM on Life and Health Insurance is likely to be headed by Bihar Deputy Chief Minister, Samrat Choudhary and will explore full GST exemption on health and life insurance premiums for policies up to Rs 5 lakh,...
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