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Nearly 73 pc rural households expect income growth by next year: Report

by AIP Online Bureau | Sep 23, 2025 | Data, Eco/Invest/Demography, Wealth Management/ Philanthropy

“While the consumption-led buoyancy in the rural economy continues, there is some slackening of momentum in recent months, partly reflecting the impact of severe floods and landslides in a few states, including Himachal Pradesh and Punjab,” Nabard said. New Delhi:...
Expanding Life and Health insurance can boost ASEAN growth, says a Study

Expanding Life and Health insurance can boost ASEAN growth, says a Study

by AIP Online Bureau | Sep 23, 2025 | Eco/Invest/Demography, Health, International News, Life, Non-Life, Policy

In partnership with PwC, the study evaluates the social and economic impact of insurance in six ASEAN countries: Indonesia, Malaysia, the Philippines, Singapore, Thailand, and Vietnam. A 50 per cent growth in non-life insurance coverage is projected to yield up to 3.1...
Over 90 flights cancelled scores delayed as rains batter Kolkata

Over 90 flights cancelled scores delayed as rains batter Kolkata

by AIP Online Bureau | Sep 23, 2025 | Climate, Environment, Renewable Energy, Eco/Invest/Demography, Indian News, Non-Life, Risk Management

The aviation chaos mirrored the citywide disruption as Kolkata lay waterlogged under record rainfall. At least ten people have died, out of which nine due to electrocution, officials said Kolkata: Torrential rains battered Kolkata on Tuesday, throwing flight...

CBI court sentences 2 men to 5 years of RI for forgery in settlement of fire insurance claim

by AIP Online Bureau | Sep 23, 2025 | Indian News, Non-Life

The case was registered in Gandhinagar on the basis of allegation that UIICL public servants and private persons entered into criminal conspiracy with each other and by abusing their official position extended pecuniary advantage of Rs 36,86,451 in the settlement of...
Govt plans disinvestment of  more PSUs: DIPAM Secretary

Govt plans disinvestment of more PSUs: DIPAM Secretary

by AIP Online Bureau | Sep 22, 2025 | Eco/Invest/Demography, Indian News, Life, Non-Life

Some of the names where the government will like to disinvest include a few PSU banks like UCO Bank and Bank of Maharashtra and Life Insurance Corporation of India New Delhi, Sep 22 (IANS) India is set to surpass its Rs 47,000 crore disinvestment target for the...
China’s EV boom saddles its auto insurers with large losses

China’s EV boom saddles its auto insurers with large losses

by AIP Online Bureau | Sep 22, 2025 | Eco/Invest/Demography, International News, Non-Life, Reinsurance, Risk Management, Technology

Despite EV drivers paying anywhere from 20% higher to double the premiums for traditional cars, China’s auto insurers have been nursing losses from covering new energy vehicles for at least three years. The industry lost 5.7 billion yuan ($802 million) from...
Airport chaos highlights rise in high-profile ransomware attacks: cyber experts

Airport chaos highlights rise in high-profile ransomware attacks: cyber experts

by AIP Online Bureau | Sep 22, 2025 | Eco/Invest/Demography, International News, Non-Life, Risk Management, Technology

The European Union’s cybersecurity agency ENISA confirmed on Monday that the hack on Collins Aerospace, owned by RTX , was a ransomware attack, but did not say where the attack originated from. The outage, which hit check-in and baggage drop services, has...
US major Everest Re receives license for GIFT-IFSC venture

US major Everest Re receives license for GIFT-IFSC venture

by AIP Online Bureau | Sep 22, 2025 | Eco/Invest/Demography, Indian News, Non-Life, Reinsurance, Workplace/Employee Benefits

“Everest’s launch in India presents significant opportunity, as one of the most dynamic reinsurance markets globally, shaped by strong economic growth, and rising demand for the advanced, long-term reinsurance solutions we offer,” said Jill Beggs, Executive Vice...

Insurers start passing on full benefits of zero GST on retail Life and Health covers

by AIP Online Bureau | Sep 22, 2025 | Eco/Invest/Demography, Health, Indian News, Life, Non-Life, Policy

“The net outgo for individual consumers has been reduced for products like Health Insurance, Personal Accident & Travel Insurance, maintaining the same policy coverage and claims servicing standards” Naveen Chandra Jha, MD and CEO, SBI General...

Super Typhoon Ragasa barrels through northern Philippines, triggers alerts across Asian region

by AIP Online Bureau | Sep 22, 2025 | Eco/Invest/Demography, International News, Non-Life, Reinsurance, Risk Management

Packing winds of 215 kph (134 mph) and gusts of up to 295 kph (160 mph), Ragasa slightly intensified as it brushed Babuyan Island and headed for possible landfall over Calayan Island, raising the risk of storm surges exceeding three metres (nine feet), the state...
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