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Employers Using Robots to Catch Fraud in Expense Reports

by AIP Online Bureau | Mar 26, 2019 | International News, Technology

It sounds like it should have been impossible to miss, but it took more than a year for an industrial equipment company to discover $12,000 worth of doggie day spa charges on an employee’s expense reports.   Level upon level of corporate management also...

Jobs, healthcare, drinking water top priorities for voters: Survey

by AIP Online Bureau | Mar 26, 2019 | Eco/Invest/Demography, Health, Indian News

  NEW DELHI: Better employment opportunities, better healthcare and drinking water are the top priorities for the voters at the all-India level, as per a survey by the Association of Democratic Reforms (ADR).    According to...

Digit Insurance crosses 2 mn customers in 16 months

by AIP Online Bureau | Mar 26, 2019 | Indian News, Non-Life, Technology

  Bangalore:  Digit Insurance today announced that it crossed a landmark achievement of two million customers within a short span of 16 months of operation.   During the tenure the company has also closed more than 30,000 claims this March 2019 with 92%...

French activist fund seeks to remove SCOR CEO from board

by AIP Online Bureau | Mar 26, 2019 | International News, Reinsurance

  PARIS: French activist fund CIAM will ask reinsurance company SCOR’s CEO Denis Kessler to surrender the chairmanship of the company’s board after he thwarted a takeover attempt earlier this year.   CIAM, which has just under one percent of...

Marsh & McLennan receives final regulatory approvals on buying JLT on April 1

by AIP Online Bureau | Mar 26, 2019 | Intermediaries, International News, Regulation

  The European Commission has approved its $5.6 billion acquisition of Jardine Lloyd Thompson Group plc, said Marsh & McLennan Cos. (MMC) March 22 t.   With the approvals from European Commission, all regulatory and competition authority approvals...

Relationship between Boeing, FAA Safety Regulators under scrutiny

by AIP Online Bureau | Mar 26, 2019 | International News, Risk Management

  Soon after Lion Air Flight 610 plummeted into the Java Sea last October, killing all 189 people aboard, Boeing Co. began to point gingerly toward mistakes the airline may have made.   A preliminary report by Indonesian authorities recounted the trouble...

‘87% women would quit over sexual harassment, bias in hiring’

by AIP Online Bureau | Mar 25, 2019 | Eco/Invest/Demography, Facts, Workplace/Employee Benefits

  In the wake of various public allegations of misconduct a recent survey has revealed that 87 percent of women would be likely to leave their job if a gender-based scandal like sexual harassment, bias in hiring among others occurred at the company they work for....

Prudential Holdings to sell up to 3.71% in ICICI Pru Life to raise Rs 1,600 cr

by AIP Online Bureau | Mar 25, 2019 | Indian News, Life

   Mumbai: Prudential Corporation Holdings Ltd plans to sell up to 3.71 per cent stake in ICICI Prudential Life Insurance Co Ltd to raise nearly Rs 1,600 crore. The offer for sale of shares by the promoter begins on Tuesday.   "Prudential...

Rahul Gandhi promises big-bang minimum income scheme; 20 % families to get Rs 72K annually

by AIP Online Bureau | Mar 25, 2019 | Eco/Invest/Demography, Indian News

  New Delhi: In a big bang election promise, Congress president Rahul Gandhi on Monday announced that 20 per cent families belonging to the poorest category will be given Rs 72,000 each annually as minimum income if his party comes to power.   The money will...

Internet of Things: Value for Insureds 

by AIP Online Bureau | Mar 24, 2019 | Articles, Risk Management, Technology

  The Internet of Things is transforming the way we live and work. And we believe it can change the way risk is managed and underwritten.   Last year, the number of connected “things” surpassed the number of human beings on the planet. Many of us...
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