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Boards of UII & OIC approve merger proposals, NIC to follow suit on Monday

by AIP Online Bureau | Jan 17, 2020 | Indian News, Non-Life

  New Delhi: Inching towards the final implementation of the two-year old merger plans of three PSU general insurance companies,after being directed by the government,the boards of  Oriental Insurance Company(OIC) and United Insurance Company (UII) have...

Health warning: How Fitbits can help predict flu outbreaks

by AIP Online Bureau | Jan 17, 2020 | Eco/Invest/Demography, Facts, Health, Technology

  LONDON:  The Fitbit on your wrist not only counts your steps and minutes of sleep, it can also help tell if you’re coming down with the flu – and warn health authorities to get ready to help.   A study in the United States has found that...

Digital, physical retail have own advantages, challenges: Kishore Biyani

by AIP Online Bureau | Jan 16, 2020 | Eco/Invest/Demography, Indian News, Technology

  New Delhi: Future Group founder Kishore Biyani on Thursday said brick-and-mortar stores and digital retail have their own sets of advantages as well as challenges, and bringing in a hybrid model of 'phygital' can help businesses perform better.  ...

Political turmoil to be the ‘new normal’ for the world in 2020, risk firm says

by AIP Online Bureau | Jan 16, 2020 | Eco/Invest/Demography, International News

  Hong Kong: The violent protests and political upheaval that marked 2019 and challenged governments from Hong Kong to Chile is set to stay and is now the “new normal,” according to a global risk firm.   Verisk Maplecroft, which advises corporate...

Govt has money for statues, not public health: Bombay High Court

by AIP Online Bureau | Jan 16, 2020 | Eco/Invest/Demography, Health, Indian News

  MumbaI: The Bombay High Court on Thursday came down heavily on the Maharashtra government for dragging its feet over financial aid to Wadia Hospitals for women and children, and said the government has money for statues but not for public health.   A...

Promoting Responsible Artificial Intelligence in Insurance

by AIP Online Bureau | Jan 16, 2020 | Articles, Eco/Invest/Demography, Technology, Trends, Facts

  Since the end of the ‘AI Winter’, the period from the 1970s to the end of the 1990s characterised by setbacks and disappointment, artificial intelligence (AI) has made remarkableprogress.Today, many insurers are rolling out...

India plans new law to protect foreign investment – sources

by AIP Online Bureau | Jan 16, 2020 | Eco/Invest/Demography, International News, Policy, Risk Management

  NEW DELHI: India is planning a new law to safeguard foreign investment by speeding up dispute resolution, aiming to attract more capital from overseas to boost stuttering domestic growth, two officials with direct knowledge of the matter told Reuters. In a...

Cyber and climate change rank as top risks for India Inc:Allianz

by AIP Online Bureau | Jan 16, 2020 | Climate, Environment, Renewable Energy, Disaster & Management, Eco/Invest/Demography, Indian News, Non-Life

  Singapore: For the third year in a row, Cyber incidents (49% of responses) ranks as the most important business risk in India in the ninth Allianz Risk Barometer 2020. Awareness of the cyber threat has grown rapidly in recent years, driven by companies...

WEF sounds alarms about Climate Change risks

by AIP Online Bureau | Jan 15, 2020 | Eco/Invest/Demography, International News, Non-Life, Reinsurance, Risk Management

  The World Economic Forum is sounding alarm bells on climate change, with environmental risks occupying the group’s top five long-term concerns for the first time on record.   Extreme weather events, the failure of climate-change mitigation, major...

RBI issues new debit and credit card rules to improve security

by AIP Online Bureau | Jan 15, 2020 | Banking & Bancassurance, Eco/Invest/Demography, Indian News, Risk Management

  Mumbai: To improve user convenience and increase the security of debit and credit card transactions, the banking regulator Reserve Bank of India(RBI) has now asked the banks to provide facility to switch on / off and set / modify transaction limits (within the...
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