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...
by AIP Online Bureau | Jan 15, 2020 | International News, Reinsurance
London: Today Lloyd’s announced that Jon Hancock has decided to step down as Performance Management Director(PMD) in 2020.Jon’s ground-breaking and market leading approach has reset the performance agenda, and in 2019 he also took the lead on...
by AIP Online Bureau | Jan 15, 2020 | Eco/Invest/Demography, Indian News, Regulation, Technology
Hydearabad: Even as the regulator IRDAI has approved 33 proposals out of 173 projects related to Health, Motor and Intermediaries under its innovative regulatory sandbox project, ICICI Lombard General Insurance has bagged the maximum projects-...
by AIP Online Bureau | Jan 15, 2020 | Eco/Invest/Demography, Facts, Workplace/Employee Benefits
Tokyo: Japan's environment minister on Wednesday said he would take two weeks of paternity leave, the first time a cabinet minister has publicly committed to such a move in the country. Shinjiro Koizumi, a media-savvy 38-year-old married to a former...
by AIP Online Bureau | Jan 14, 2020 | International News, Non-Life, Reinsurance
Zurich Insurance Group AG expects to have more power to increase commercial insurance rates than it has seen in almost two decades as a shortage of supply and high natural catastrophe payouts help reverse declining premiums. “The last time this...
by AIP Online Bureau | Jan 14, 2020 | Climate, Environment, Renewable Energy, Disaster & Management, International News
ISLAMABAD: At least 57 people were killed and others were missing after avalanches in Pakistan-controlled Kashmir over the last 24 hours, senior government officials said on Tuesday. In neighboring India, at least 10 people were killed after...
by AIP Online Bureau | Jan 14, 2020 | Eco/Invest/Demography, Indian News
New Delhi: The government is considering a proposal to extend further incentives to salaried taxpayers in the upcoming budget. The Finance Ministry may allow individual taxpayers to pay a lower flat rate of tax if they forego all exemptions. The new...
by AIP Online Bureau | Jan 14, 2020 | International News, Technology
Visa Inc. grew into one of the world’s most valuable financial companies by serving as the pipes that help connect banks and merchants. Now, it’s making a major bet on doing the same for data between banks and financial startups. Visa agreed...
by AIP Online Bureau | Jan 14, 2020 | Indian News, Life, Pension & Social Security
NEW DELHI : Late actor and director Raj Kapoor's daughter Ritu Nanda, who succumbed to cancer today, was one of the top insurance agents for the Life Insurance Corporation of India (LIC) for selling the most number of policies in a short span of time....
by AIP Online Bureau | Jan 14, 2020 | Eco/Invest/Demography, Indian News, Risk Management
MUMBAI: For Indian billionaire Kumar Mangalam Birla, the world isn’t flat anymore. Tensions between nationalism and globalization will probably be the most defining trend of the new decade, he said in a personal statement on LinkedIn, after climate change...
