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Riots impose financial strain on Nepal re/insurers

Riots impose financial strain on Nepal re/insurers

by AIP Online Bureau | Sep 25, 2025 | Eco/Invest/Demography, International News, Non-Life, Reinsurance

Oriental Insurance Company, a branch of India’s Oriental Insurance, has received the largest amount of claims till September 16, according to the data released by the Nepal Insurance Authority. It alone has received claims of NPR 5.14 billion across 40 cases....

India becomes world’s 3rd largest tech startup ecosystem with $7.7 bn of funding in 2025: Report

by AIP Online Bureau | Sep 25, 2025 | Data, Eco/Invest/Demography, Technology

This sector received $10.1 billion worth of funds in the corresponding period in 2024 and $8.3 billion in 2023 New Delhi: India climbed to third position globally in terms of funding for tech startups, trailing only the United States and the United Kingdom but ahead...
FSSAI launches dedicated licensing window for Ayurveda Aahara products

FSSAI launches dedicated licensing window for Ayurveda Aahara products

by AIP Online Bureau | Sep 25, 2025 | Eco/Invest/Demography, Health, Indian News, Policy

The initiative has been developed in close collaboration with the Ministry of Ayush, reflecting the Government of India’s commitment to integrating traditional Ayurvedic wisdom with modern food safety practices. This approach is designed to benefit both industry...

Gross financial assets of Indian households rose by 14.5% in 2024: Allianz report

by AIP Online Bureau | Sep 25, 2025 | Eco/Invest/Demography, Indian News, Wealth Management/ Philanthropy

Over the past two decades, India’s real per capita financial assets have surged fivefold, marking one of the most impressive wealth growth trajectories among emerging markets, according to global insurer Allianz that released the 16th edition of its Global Wealth...

NIA receives IT refund of Rs 249.79 crore

by AIP Online Bureau | Sep 25, 2025 | Briefs, Non-Life

New India Assurance has received an Income Tax refund of Rs.249.79 crores for assessment Year 2009-10 (including interest of Rs. 8.89 crores). The insurer has informed the stock exchanges about the...
New rules for authenticating payments beyond SMS OTP to kick-in from April 2026

New rules for authenticating payments beyond SMS OTP to kick-in from April 2026

by AIP Online Bureau | Sep 25, 2025 | Eco/Invest/Demography, Indian News, Regulation, Risk Management, Technology

“Based on the perceived risk associated with the transaction, additional checks beyond the minimum two-factor authentication may be resorted to. Issuers may also explore using DigiLocker as a platform for notification and confirmation for high-risk...
India’s resilience stands out amid increased global uncertainties: Sitharaman

India’s resilience stands out amid increased global uncertainties: Sitharaman

by AIP Online Bureau | Sep 25, 2025 | Eco/Invest/Demography, Indian News, Policy, Risk Management

“But amidst all uncertain global situations, India’s resilience stands out and several favourable factors, such as strong macroeconomic fundamentals, a young demography, and greater reliance on domestic demand, provide the core strength to the Indian...
Britain considering support for Jaguar Land Rover’s suppliers

Britain considering support for Jaguar Land Rover’s suppliers

by AIP Online Bureau | Sep 25, 2025 | Eco/Invest/Demography, International News, Risk Management, Technology

The automaker failed to finalize a cyber insurance deal brokered by Lockton ahead of the incident, and appears to be uninsured directly for the attack, three senior cyber insurance market sources told The Insurer. JLR declined to comment. The luxury carmaker, owned by...
100% FDI: Indian Govt issues norms to ease compliance for foreign investment in insurance

100% FDI: Indian Govt issues norms to ease compliance for foreign investment in insurance

by AIP Online Bureau | Sep 25, 2025 | Articles, Eco/Invest/Demography, Health, Life, Non-Life, Policy, Regulation

The proposed changes to the Amended 2015 Rules make it clear that the government’s intent is not limited to encourage foreign investment in the insurance sector, but it extends to provide a more friendly regulatory environment to both the new foreign entrants, as well...
Govt considers nuclear liability fund in excess of Rs15 billion for major accidents

Govt considers nuclear liability fund in excess of Rs15 billion for major accidents

by AIP Online Bureau | Sep 25, 2025 | Eco/Invest/Demography, Indian News, Non-Life, Reinsurance, Risk Management

The planned fund would provide a clear legal mechanism to finance compensation beyond the operator’s cap. For insurance coverage against nuclear accidents, India now relies on a nuclear insurance pool, a policy tool launched in 2015 but not embedded in law. Though...
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