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LIC’s P&G Scheme achieves a record Rs 1 trillion prm income 

by AIP Online Bureau | Jan 7, 2020 | Indian News, Life, Pension & Social Security

  Mumbai: LIC Pension and Group Schemes Vertical, looking after Group Schemes and Superannuation business of the Corporation created a new record by clocking more than Rs 1 trillion premium Income during the current FY 2019 – 20.   This is first time...

dacadoo announces global partnership with Swiss Life Global Solutions

by AIP Online Bureau | Jan 7, 2020 | Health, International News, Life, Technology

  Zurich: Due to an increasing demand for digital health and wellness propositions from its network partners and multinational clients, Swiss Life Network is continuing its progressive expansion into offering state-of-the-art health and wellness services that...

Sensex, Nifty rebound as Middle East tensions appear to ease

by AIP Online Bureau | Jan 7, 2020 | Eco/Invest/Demography, Indian News, Risk Management

Mumbai: Indian shares recovered on Tuesday, after two sessions of sharp declines, as oil prices eased due to a lack of further escalation in Middle East tensions.   The rupee was stronger on Tuesday after it rose 0.28% to 71.7275 against the dollar.   The...

UK financial services sector maintains record tax contribution

by AIP Online Bureau | Jan 6, 2020 | Uncategorized

  London: The tax contribution of the UK financial services sector remained at a record level in the year to 31 March 2019 with a total of £75.5bn paid to the public purse, according to a new report published today by the City of London Corporation.  ...

New safety flaws found in Boeing 737 Max

by AIP Online Bureau | Jan 6, 2020 | Eco/Invest/Demography, International News, Non-Life

Even as Boeing inches closer to getting the 737 Max back in the air, new problems are emerging that go beyond the software that played a role in two crashes. As part of the work to return the Max to service, the company and regulators have uncovered new potential...

Govt may cut back on spending by Rs 2-trn as it faces revenue shortfall

by AIP Online Bureau | Jan 6, 2020 | Eco/Invest/Demography, Indian News

New Delhi: India's government is likely to cut spending for the current financial year year by as much as Rs 2 trillion Indian as it faces one of the biggest tax shortfalls in recent years, three government sources said.   Asia's third largest economy,...

Experiments to study operation of commercial BVLOS drones to take place in Jan: Aviation Minister

by AIP Online Bureau | Jan 6, 2020 | Eco/Invest/Demography, Indian News, Non-Life, Regulation, Risk Management, Technology

New Delhi: Experiments to study the operations of commercial drones, which operate beyond the visual line of sight (BVLOS) range, would be carried out in January and aviation regulator DGCA will subsequently issue draft regulations for them, Civil Aviation Minister...

Pool Re makes terrorism cover more accessible to U.K. businesses

by AIP Online Bureau | Jan 6, 2020 | Eco/Invest/Demography, International News, Non-Life, Reinsurance, Risk Management

  London: Pool Re, Britain’s leading terrorism reinsurer, has taken steps to help reduce costs and improve the accessibility of terrorism insurance for businesses in the U.K., in part by expanding the definition of small and medium-sized enterprises (SME)....

Australian bushfire insurance losses at $431 mn from 6000 insurance claims

by AIP Online Bureau | Jan 6, 2020 | Eco/Invest/Demography, International News, Non-Life

  Canberra: Since September 5, the Australian insurers have handled more than 6000 insurance claims from bushfire regions of New South Wales, Queensland, South Australia and Victoria. Insurance losses are estimated at $431 million this bushfire season....

Guy Carpenter appoints Jeff Saper as CEO of Pacific Region

by AIP Online Bureau | Jan 6, 2020 | Intermediaries, International News, Reinsurance, Risk Management

  London: Guy Carpenter announced today the appointment of Jeff Saper as CEO of the Pacific region, with immediate effect.    In his new role, . Saper will be responsible for overseeing the company’s Treaty and Facultative activities in the...
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