by AIP Online Bureau | Jul 27, 2020 | Eco/Invest/Demography, Health, Indian News, Pandemic
New Delhi: New age disease outbreak like COVID-19 has led to more awareness among people towards health insurance and a majority of them now consider it as a necessity to be future ready for unforeseen situations like this, a survey by Max Bupa Health Insurance has...
by AIP Online Bureau | Jul 27, 2020 | Eco/Invest/Demography, Facts, Technology
New Delhi: A unit increase in artificial intelligence (AI) intensity, measured as the ratio of AI investments to total sales, can result in a 2.5 percent increase in India's GDP in the immediate term, according to a report by economic think tank ICRIER. The...
by AIP Online Bureau | Jul 27, 2020 | Eco/Invest/Demography, Indian News, Non-Life, Technology
New Delhi: Earth Sciences Minister Harsh Vardhan on Monday launched a mobile application which will provide city-wise weather forecasts, nowcasts and other warnings. The mobile application, 'Mausam', has been designed and developed jointly by the...
by AIP Online Bureau | Jul 27, 2020 | Interviews, Non-Life, Reinsurance
How do you see the broad trends in the Indian general insurance industry? The Industry has been growing at a CAGR of around 15% since 2002 to date, despite challenges like detariffing, motor TP pool etc. in the interim.The trend of growth should continue...
by AIP Online Bureau | Jul 27, 2020 | Disaster & Management, Eco/Invest/Demography, Health, International News, Non-Life, Pandemic
SYDNEY: Countries around Asia are confronting a second wave of coronavirus infections and are clamping down again to try to contain the disease, with Australia recording a record daily rise in cases and Vietnam locking down the city of Danang.Mainland China is...
by AIP Online Bureau | Jul 27, 2020 | Eco/Invest/Demography, International News, Policy
HONG KONG/SINGAPORE: Japan, Australia and some other nations are readying incentives to attract banks and asset managers in Hong Kong that are worried about the new security law imposed by China, but finance sector experts said even if they move, it will be to...
by AIP Online Bureau | Jul 27, 2020 | Eco/Invest/Demography, Health, Indian News, Non-Life, Pandemic
New Delhi: With a record single-day jump of 49,931 COVID-19 cases, India's caseload climbed to 14,35,453 on Monday, while recoveries surged to 9,17,567, according to the Union Health Ministry data The country's death toll rose to 32,771 with 708 fatalities...
by AIP Online Bureau | Jul 26, 2020 | Eco/Invest/Demography, International News
Zurich: Swiss Re has appointed Pranav Pasricha,currently CEO of Intellect SEEC, an insurtech, as the global head P&C Solutions of Swiss Re’s global Reinsurance Business Unit, effective Aug. 3, 2020. Pasricha succeeds Eric Schuh,who is leaving Swiss Re...
by AIP Online Bureau | Jul 26, 2020 | Eco/Invest/Demography, Indian News, Risk Management, Technology
New Delhi: The Income Tax Department will share PAN and bank account details of any entity with 10 investigative and intelligence agencies, including the CBI and the NIA, under the integrated counter-terrorism platform NATGRID, according to an official order. The...
by AIP Online Bureau | Jul 26, 2020 | Eco/Invest/Demography, Indian News, Regulation
New Delhi: The government has amended certain Indian Accounting Standards (Ind-AS), including the standard relating to leases amid the coronavirus pandemic. Ind-AS 103, 116 and some other standards have been amended by the Corporate Affairs Ministry. While Ind-AS 103...
