by AIP Online Bureau | Feb 8, 2020 | Indian News, Non-Life
Mumbai: Bouncing back,the listed New India Assurance(NIA),the market leader in non-life business in the country, has reported a profit after tax(PAT) of Rs 483 crore for the third quarter ended Dec 19 as against a loss of Rs 113 crore in the same quarter...
by AIP Online Bureau | Feb 8, 2020 | Eco/Invest/Demography, International News, Non-Life, Reinsurance, Risk Management, Technology
In a first-of-its-kind approval by U.S. regulators, a federal agency on Thursday gave permission for autonomous vehicle startup Nuro Inc. over the next two years to deploy up to 5,000 low-speed electric delivery vehicles without human controls like mirrors and...
by AIP Online Bureau | Feb 7, 2020 | Eco/Invest/Demography, Indian News, Life
Mumbai:, The IPO-bound Life Insurance Corporation (LIC) on Friday said its new business premium has crossed the Rs 1.5 trillion mark for the first time, helping the national insurer improve market share to 77.61 per cent. Speaking to media on...
by AIP Online Bureau | Feb 7, 2020 | Uncategorized
Mumbai: The finance ministry is working on the contentious Financial Resolution and Deposit Insurance (FRDI) Bill but not sure when it will be tabled in the house, Union minister Nirmala Sitharaman said. The comments assume importance given the massive...
by AIP Online Bureau | Feb 7, 2020 | Eco/Invest/Demography, Indian News
Mumbai: The finance ministry expects at least 80 per cent of the taxpayers to move to the new income tax regime, Revenue Secretary Ajay Bhushan Pandey said on Friday. The budget 2020-21 has introduced more tax slabs and offers higher limits provided the...
by AIP Online Bureau | Feb 7, 2020 | Climate, Environment, Renewable Energy, Eco/Invest/Demography, Facts
Kolkata: A team of researchers from IIT Kharagpur has found that most cities in the country are turning into "urban heat islands" in all seasons during day and night, officials said. In their study, researchers from Centre for Oceans, Rivers,...
by AIP Online Bureau | Feb 7, 2020 | Indian News, Life, Non-Life, Regulation, Technology
Mumbai: Insurance Regulatory and Development Authority of India (Irdai) will soon approve products of life insurance industry under its innovative regulatory sandbox project. Recently, the insurance regulator has approved 33 products of 10 companies under...
by AIP Online Bureau | Feb 6, 2020 | Eco/Invest/Demography, International News
London: A senior official from Britain’s insurance sector on Wednesday laid out the case for selective divergence from EU rules to add to London’s appeal as a competitive global financial center. Britain left the European Union on Jan. 31 and...
by AIP Online Bureau | Feb 6, 2020 | International News, Non-Life, Risk Management, Technology
Paris: To help manage its cyber risk portfolio worldwide, AXA XL has named Elizabeth (Libby) W. Benet to the newly created role of Global Chief Underwriting Officer, Cyber, reporting to Nancy Bewlay, Chief Underwriting Officer, Long Tail Risk. ...
by AIP Online Bureau | Feb 6, 2020 | Eco/Invest/Demography, Facts, Non-Life, Technology
CRANFIELD, England: A Nissan car has completed a 230-mile journey autonomously in Britain, the longest and most complex such trip in the country as carmakers race to develop the driverless technologies set to revolutionize travel. Britain has been wooing...
