by AIP Online Bureau | Feb 2, 2020 | Disaster & Management, Eco/Invest/Demography, Health, International News
SHANGHAI: Allianz (China) Insurance Holding Co. Ltd. announced today that the group’s key institutions in mainland China and Allianz SE will jointly set up an emergency response fund to support China’s fight against the coronavirus epidemic. ...
by AIP Online Bureau | Feb 2, 2020 | Eco/Invest/Demography, Indian News, Life
Ranchi: BJP MP and former union finance minister Jayant Sinha on Sunday said disinvestment of the Life Insurance Corporation as proposed in the Union budget would be beneficial for both the central government and the LIC. The capital raised...
by AIP Online Bureau | Feb 2, 2020 | Eco/Invest/Demography, Indian News, Life, Non-Life, Reinsurance
Hyderabad: Regulator IRDAI has asked the re/insurers to take its prior approvals for any re-insurance arrangement which do not have pure risk transfer such as Capital Gearing Treaty, Alternate Risk Transfer(ART) Solution, Financial Re-insurance,...
by AIP Online Bureau | Feb 2, 2020 | Climate, Environment, Renewable Energy, Eco/Invest/Demography, International News
The Bank of England faces an uphill climb to get the finance industry ready for one of its biggest threats: the climate. About 80% of senior finance executives believe their firms “lack well-developed strategies to manage the risks of climate...
by AIP Online Bureau | Feb 2, 2020 | Eco/Invest/Demography, Indian News, Life, Policy
New Delhi: Listing of insurance behemoth Life Insurance Corporation (LIC) may be done in the second half of the next financial year, Finance Secretary Rajiv Kumar said on Sunday. Finance Minister Nirmala Sitharaman while presenting the Budget 2020-21 on...
by AIP Online Bureau | Feb 1, 2020 | Eco/Invest/Demography, Indian News, Policy
Mumbai: Insurers, tax experts and analysts on Saturday said the optionality clause in the new income tax budget proposal is a big disincentive for investment in tax-saving instruments, which will dampen the markets and have ripple effects across all asset classes,...
by AIP Online Bureau | Feb 1, 2020 | Indian News, Life, Policy
New Delhi: Insurance behemoth LIC is likely to become the country's biggest company by market capitalisation with an estimated valuation of Rs 8-10 lakh crore as market participants expect it to be the "IPO of the decade", akin to the Saudi Aramco...
by AIP Online Bureau | Feb 1, 2020 | Eco/Invest/Demography, Indian News, Non-Life
Chennai: The Budget 2020 has allocated Rs 6,950 crore towards recapitalisation of three public sector general insurers so that they can meet the solvency norms. According to the budget papers, a sum of Rs 6,950 crore has been allocated towards...
by AIP Online Bureau | Feb 1, 2020 | Eco/Invest/Demography, Facts
For every rupee in the government coffer, 64 paise will come from direct and indirect taxes, while states' share of taxes and duties is the single-largest expense head accounting for 20 per cent of the total spending, Budget documents showed. ...
by AIP Online Bureau | Feb 1, 2020 | Eco/Invest/Demography, Indian News, Life, Policy
New Delhi: As part of government's plans, Finance Minister Nirmala Sitharaman, while presenting Budget 2020 on Saturday, proposed to sell a part of its holding in largest insurer Life Insurance Corporation (LIC) via initial public offer (IPO). ...
