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Non-life insurers can offer standard health policies before April 1

by AIP Online Bureau | Jan 25, 2020 | Eco/Invest/Demography, Health, Indian News

  Chennai: Indian insurance regulator has permitted non-life insurers to sell the standardized health insurance policy prior to April 1, 2020. In a circular dated April January 24, 2020, the Insurance Regulatory and Development Authority of India (IRDAI) said...

Coronavirus Spreads To Europe, Three Cases Confirmed In France

by AIP Online Bureau | Jan 25, 2020 | Eco/Invest/Demography, Health, International News

  Paris: Three cases of the coronavirus have been "confirmed" in France, the first in Europe, officials said Friday.   The first case involved a patient in hospital in the southwestern city of Bordeaux while the other was in Paris, French Health...

China coronavirus afflictions claim 41 lives, nearly 1300 confirmed cases, 237 critical

by AIP Online Bureau | Jan 25, 2020 | Eco/Invest/Demography, Health, International News

  Beijing: The deadly Coronavirus continues to wreak havoc in China and abroad as the death toll due to it in this Far East country rose to 41 with 1,287 confirmed cases, China’s National Health Commission announced on Saturday.   Of the 1,287...

New India Assurance settles insider trading case with SEBI, pays over Rs 62 lakh

by AIP Online Bureau | Jan 24, 2020 | Indian News, Non-Life, Regulation

  Mumbai: State-owned New India Assurance Company Ltd has settled with markets regulator Sebi a case of alleged violation of insider trading norms by paying over Rs 62 lakh towards the settlement charges. The move comes after the insurer filed an application...

Indian growth slowdown temporary, expect momentum to improve: IMF chief

by AIP Online Bureau | Jan 24, 2020 | Uncategorized

  Davos: IMF chief Kristalina Georgieva on Friday said growth slowdown in India appears to be temporary and that she expects the momentum to improve going ahead.   The world appears a better place in January 2020 compared to what it was when IMF announced...

Budget 2020:Indian Life Insurance Industry  

by AIP Online Bureau | Jan 24, 2020 | Articles, Eco/Invest/Demography, Life, Policy

  Today the country is looking for a growth oriented budget which could infuse larger positivity into the economy. This makes the Union Budget 2020 all the more critical. As Indian economy is staring at a lowest ever growth rate in over six years, the government...

Insys founder John Kapoor sentenced to 5 1/2 years for orchestrating opioid scheme

by AIP Online Bureau | Jan 24, 2020 | Health, International News, Non-Life

  BOSTON: The founder of an Arizona pharmaceutical company was ordered to spend five and half years Thursday for orchestrating a bribery and kickback scheme prosecutors said helped fuel the opioid crisis.   John Kapoor, 76, the former chairman of Insys...

India Inc’s insurance cost to go up as GIC Re hikes reinsurance premiums

by AIP Online Bureau | Jan 24, 2020 | Eco/Invest/Demography, Indian News, Non-Life, Reinsurance

  Mumbai: India Inc has to shell out a lot more premium within the range of 20-50 per cent in the property segments, as GIC Re has decided to hike its reinsurance premium in as many as 291 occupancies since January 2020.Most of renewals in the Indian market...

Niti to develop National Data Platform

by AIP Online Bureau | Jan 24, 2020 | Eco/Invest/Demography, Indian News

New Delhi: Government think-tank Niti Aayog will develop a national data and analytics platform to make all government data accessible to stakeholders in a user-friendly manner.   Releasing the Vision Document for the National Data and Analytics Platform (NDAP),...

Hopeful all countries will come together on AI regulations: Sundar Pichai

by AIP Online Bureau | Jan 23, 2020 | Eco/Invest/Demography, International News, Regulation, Risk Management, Technology

  DAVOS: Google chief Sundar Pichai on Wednesday said the world needs a free and open internet for everyone and hoped that all countries will come together for a common regulatory framework for artificial intelligence (AI). Speaking here at WEF 2020, Pichai also...
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