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Govt notifies thresholds for filing class action lawsuits

by AIP Online Bureau | May 9, 2019 | Eco/Invest/Demography, Indian News, Risk Management

New DelhI: Investors can now seek class action against companies, with the government notifying the thresholds for filing such lawsuits. In a significant move, the corporate affairs ministry has notified the thresholds for filing class action — a provision aimed...

Indians are addicted to cheap coal power and it’s killing them

by AIP Online Bureau | May 9, 2019 | Eco/Invest/Demography, Health, Indian News

  New Delhi: Scientists agree that coal is choking the planet—so why is it so hard for governments to ditch? This is the second in a three-part series. Read part one.   When the massive coal-fired power plant next door to her home in New Delhi was...

Finally, IRDA cancels license of ITI Reinsurance

by AIP Online Bureau | May 9, 2019 | Indian News, Regulation, Reinsurance

  Hydearabad: The insurnace regulator IRDAI has finally cancelled the license of the sole Indian private sector resurer ITI Reinsurance Limited, set up by Sudhir Valia,one of the promoters Sun Pharma, for failing to do to any business.   Though the...

InsurTech investment hits records in Q1, 2019; pricing tools in the spotlight:Willis Towers Watson

by AIP Online Bureau | May 9, 2019 | International News, Technology

  London: InsurTech investors worldwide executed the highest number of transactions, the highest number of property/casualty transactions, and the highest volume of Series B and Series C funding rounds during the first three months of 2019, according to the new...

“Privacy Not A Luxury Good, Must Be Equally Available”: Sundar Pichai

by AIP Online Bureau | May 9, 2019 | Facts, Risk Management, Technology

NEW YORK: Privacy cannot be a "luxury good" that's only available to people who can afford to buy premium products and services, Google CEO Sundar Pichai has said. In an op-ed written for The New York Times, Mr Pichai defended his company's approach...

India’s domestic passenger market falls to 3.1 per cent in March: IATA

by AIP Online Bureau | May 9, 2019 | Data, Eco/Invest/Demography

NEW DELHI: The growth of India's domestic passenger market fell to 3.1 per cent in March as compared to 8.3 per cent in February as there was "reduction in flight operations of Jet AirwaysNSE 8.49 %" and "disruptions at Mumbai airport owing to...

New AI method predicts future risk of breast cancer

by AIP Online Bureau | May 9, 2019 | Facts, Technology

  Researchers have developed a new tool with advanced artificial intelligence (AI) methods to predict a woman’s future risk of breast cancer.   For the study, the researchers used almost 90,000 full-resolution screening mammograms from about 40,000...

Munich Re appoints Linus Phoon CEO for Singapore & Southeast Asia

by AIP Online Bureau | May 9, 2019 | International News, Reinsurance

  Munich: Munich Re has appointed Linus Phoon as Chief Executive Officer of its Singapore branch. In this capacity he will be responsible for overseeing Munich Re’s businesses in Singapore and the Southeast Asia region. This appointment is effective from 2...

India to witness an addition of 11.5 lakh jobs H1 FY’20: Teamlease Employment Report

by AIP Online Bureau | May 8, 2019 | Data, Eco/Invest/Demography, Trends, Facts

  India’s largest composite staffing firm, TeamLease Services today launched their biannual ‘Employment Outlook Report’ for the April-September, 2019-20 HY.  The report forecasts a 3% rise in the net employment outlook and a net addition of...

Going to court over losses when Robot is to blame

by AIP Online Bureau | May 8, 2019 | Facts, Risk Management, Technology

  Hong  Kong: The case pits Samathur Li Kin-kan, whose father is a major investor in Shaftesbury Plc, which owns much of London’s Chinatown, Covent Garden and Carnaby Street, against Raffaele Costa, who has spent much of his career selling investment...
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