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Water management to be Modi’s priority if NDA is re-elected

by AIP Online Bureau | May 18, 2019 | Eco/Invest/Demography, Health, Indian News

  New Delhi: In his last election rally of 2019 Narendra Modi gave an indication as to what his priority will be in his second term if his party is elected back to power. If Modi shocked the nation from Red Fort on August 15, 2014, by speaking about Indians not...

Bajaj Allianz General reports a net profit of Rs 780 crore in 2019-20

by AIP Online Bureau | May 17, 2019 | Indian News, Non-Life

  Mumbai: Bajaj Allianz General Insurance, reported a net profit of Rs. 780 crore and gross written premium (GWP) soaring up to Rs 11, 097 crore in FY 18-19.    The company booked an underwriting profit of Rs. 18 crore in FY 18-19.   The profit...

Boeing completes 737 Max software upgrade

by AIP Online Bureau | May 17, 2019 | International News, Non-Life, Risk Management, Technology

  Chicago: Boeing has completed development of a software update for its 737 Max plane which was grounded following two fatal crashes within five months.The US firm announced that it had flown the 737 Max with the updated software on 207 flights.   It added...

Aon and Guy Carpenter partner with The Institutes RiskStream, to streamline the reinsurance placement process

by AIP Online Bureau | May 17, 2019 | International News, Reinsurance, Risk Management, Technology

  London:  The Reinsurance Solutions business of Aon plc, and Guy Carpenter, a subsidiary of Marsh & McLennan Companies, have announce a joint effort with The Institutes RiskStream™ Collaborative to bring greater efficiency to the reinsurance...

Ping An ranks 7th on Forbes’ ‘Global 2000’ List

by AIP Online Bureau | May 17, 2019 | Eco/Invest/Demography, International News, Non-Life

SHANGHAI and HONG KONG: On 15 May 2019, Forbes magazine released its "Global 2000" rankings for listed companies. Benefitting from steady growth in operating income, profit, assets and market capitalization, Ping An has moved up to 7th position in the 2018...

IRDAI unveils norms on exclusions in health covers, new products from 1st April, 2020

by AIP Online Bureau | May 17, 2019 | Health, Indian News, Non-Life, Regulation, Technology

  Hyderabad: In a bid to rationalise and standardise the exclusions in health Insurance covers IRDAI on Thursday has proposed  a new set of norms for all the health insurance products excluding personal accident, domestic and overseas travel policies. All...

Commercial insurance prices up 3% globally, 1.1% in U.S. in Q1: Marsh

by AIP Online Bureau | May 16, 2019 | International News, Non-Life

   Average global commercial insurance prices increased 3 per cent in the first quarter of2019, according to broker Marsh.   This represents the sixth consecutive quarter of average commercial insurance pricing increases, Marsh said in its Global...

Advisory firms urge ‘No’ vote on AIG execs’ pay packages

by AIP Online Bureau | May 16, 2019 | Eco/Invest/Demography, International News, Non-Life

American International Group Inc. shareholders should vote against compensation packages for top executives at the insurer’s annual meeting next week, according to two advisory firms that hold sway over investor votes.   Institutional Shareholder Services...

U.S. blacklisting of China’s Huawei to disrupt Global Technology Supply Chain

by AIP Online Bureau | May 16, 2019 | Eco/Invest/Demography, International News, Risk Management

  The latest U.S. broadside against Huawei that puts the Chinese firm on an exports blacklist threatens to rattle the global tech supply chain, linked closely to the $105 billion business of the world’s top supplier of telecoms network equipment.   The...

Adopting a healthy lifestyle helps reduce the risk of dementia

by AIP Online Bureau | May 16, 2019 | Eco/Invest/Demography, Facts, Health

  People can reduce their risk of dementia by getting regular exercise, not smoking, avoiding harmful use of alcohol, controlling their weight, eating a healthy diet, and maintaining healthy blood pressure, cholesterol and blood sugar levels, according to new...
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