by AIP Online Bureau | Jun 4, 2025 | Eco/Invest/Demography, Indian News, Life, Policy
The Insurance Amendment Bill, which proposes allowing 100 per cent foreign direct investment (FDI) in the insurance sector, is expected to be introduced in the upcoming monsoon session of Parliament New Delhi: The Monsoon session of Parliament will be held from July...
by AIP Online Bureau | Jun 4, 2025 | Climate, Environment, Renewable Energy, Eco/Invest/Demography, International News, Non-Life, Reinsurance
These numbers are slightly above the long-term average for 1950 to 2024 (12.5 named storms, 6.5 hurricanes and 2.6 severe hurricanes) and are in line with expectations for the cyclical warm phase in the North Atlantic since the mid-1990s (15.8 tropical storms, 7.8...
by AIP Online Bureau | Jun 4, 2025 | Eco/Invest/Demography, International News, Policy, Risk Management, Technology
With increasing airspace closures around Russia and Ukraine, throughout the Middle East, between India and Pakistan and in parts of Africa, airlines are left with fewer route options NEW DELHI: Proliferating conflict zones are an increasing burden on airline...
by AIP Online Bureau | Jun 4, 2025 | Indian News, Risk Management, Workplace/Employee Benefits
An initial police investigation found two former Kia India factory workers – a team leader and a head of section in the engine dispatch section – were involved in illegally transporting the engines from the factory using forged invoices and manipulated...
by AIP Online Bureau | Jun 3, 2025 | Briefs, Health, Intermediaries, Life, Non-Life, Technology
Riskcovry, an insurtech infrastructure platform, has launched the country’s first Model Context Protocol (MCP) server for India’s insurance sector. A dedicated infrastructure designed specifically for insurance distribution use cases, the MCP server allows...
by AIP Online Bureau | Jun 3, 2025 | Banking & Bancassurance, Data, Eco/Invest/Demography, Wealth Management/ Philanthropy
The RBI data showed a clear trend of increasing preference for term deposits over the past few years. Higher interest rates on these deposits encouraged more people to invest in them. New Delhi: The growth of bank deposits in India slowed down to 10.6 per cent...
by AIP Online Bureau | Jun 3, 2025 | International News, Risk Management, Technology
Airlines have been reporting GPS interference with their flights in different parts of the world, especially while flying near or over conflict zones. New Delhi: Amid flights facing rising instances of GPS interference and spoofing, global airlines’ grouping...
by AIP Online Bureau | Jun 3, 2025 | Eco/Invest/Demography, Indian News, Non-Life
Lavanya R. Mundayur, CMD, Agriculture Insurance Company Crop insurance isn’t just a business—it’s a developmental tool for the entire rural ecosystem. It demands long-term commitment, timely claim settlement, use of technology for risk management, and a...
by AIP Online Bureau | Jun 3, 2025 | Eco/Invest/Demography, Health, Indian News
Director General of Indian Council of Medical Research (ICMR) Dr Rajiv Behl on Monday stated that genome sequencing of samples in West and South have shown that the variants leading to the current rise in cases are not severe and are sub variants of Omicron only. New...
by AIP Online Bureau | Jun 3, 2025 | Banking & Bancassurance, Eco/Invest/Demography, Indian News, Policy, Regulation
Banking remains one of the most guarded sectors of the Indian economy. While foreigners including portfolio investors can own up to 74%, regulations limit a strategic foreign investor’s stake to 15%. MUMBAI: The Indian banking regulator is signalling possible...
