by AIP Online Bureau | Sep 3, 2019 | International News, Non-Life, Reinsurance, Technology
Zurich: Decrypt, a new holistic cyber reinsurance solution is launched today by co-creators Swiss Re and Capsicum Re,the specialist reinsurance broker. Decrypt provides a single, flexible,end-to-end solution to insurers’ cyber exposure...
by AIP Online Bureau | Sep 2, 2019 | Eco/Invest/Demography, Indian News, Policy, Regulation, Risk Management, Technology
New Delhi: An inter-ministerial panel on fintech on Monday submitted its report to Finance Minister Nirmala Sitharaman suggesting a comprehensive legal framework to protect consumers of digital services. The Steering Committee headed by the Economic Affairs...
by AIP Online Bureau | Sep 2, 2019 | Eco/Invest/Demography, Indian News, Policy, Regulation
New Delhi: As macroeconomic headwinds weighed on investor sentiments through the year, foreign portfolio investors pulled out Rs 38,930 crore in 2018-19, according to market regulator Sebi's annual report. "In order to further develop the Indian...
by AIP Online Bureau | Sep 2, 2019 | Eco/Invest/Demography, International News, Life, Non-Life, Reinsurance
The Bahamas felt the full-force of Dorian as a strong Category 5 storm, resulting in significant damage for some islands, while the Florida coast is now at-risk of hurricane force winds, storm surge and torrential rains as Dorian curves northwards. ...
by AIP Online Bureau | Sep 2, 2019 | International News, Non-Life, Reinsurance
London: ArgoGlobal, the Lloyd’s insurer and member of Argo Group, today announced plans to exit Syndicate 1200 underwriting operations in Asia and most of its hull underwriting business within the syndicate. All existing policies remain valid and the company...
by AIP Online Bureau | Sep 1, 2019 | Eco/Invest/Demography, Indian News, Non-Life
New Delhi: The auto sales in the country remain depressed in the month of August. Auto industry body SIAM sought immediate steps from the government, including reduction in GST rates and initiation of scrappage policy, as sales continued to plummet with...
by AIP Online Bureau | Sep 1, 2019 | Eco/Invest/Demography, Indian News, Non-Life, Technology
New Delhi: Maruti Suzuki India, which plans to launch is first electric vehicle (EV) in the country next year, is finding cost of EVs to be prohibitive for mass adoption besides charging infrastructure proving to be a big issue, according to a senior company...
by AIP Online Bureau | Sep 1, 2019 | Eco/Invest/Demography, Indian News
Mumbai: Foreign investors pulled out a net amount of Rs 5,920 crore from the Indian capital markets in August even as the government rolled back enhanced surcharge on FPIs last week. The withdrawal from the capital markets (both equity and debt) in...
by AIP Online Bureau | Sep 1, 2019 | Banking & Bancassurance, Eco/Invest/Demography, Indian News, Intermediaries
New Delhi: Finance minister Nirmala Sitharaman on Sunday allayed fears of job losses following the proposed merger of public sector banks, saying not even one employee shall be removed following the amalgamation. "Absolutely, ill informed. I want to...
by AIP Online Bureau | Sep 1, 2019 | Banking & Bancassurance, Eco/Invest/Demography, Indian News
New Delhi: The government's decision to consolidate 10 public sector banks (PSB) into four mega state-owned lenders will act as a building block for achieving $5 trillion economy target, Finance Secretary Rajiv Kumar has said. "To support next level of...
