by AIP Online Bureau | Mar 6, 2019 | International News, Non-Life, Reinsurance, Risk Management
London: Aon, the second largest global insurance broking giant has confirmed that a takeover of its competitor and third largest insurance broker Willis Towers Watson (WTW) is under consideration. The acquisition of WTW could make Aon the largest broker in the...
by AIP Online Bureau | Mar 6, 2019 | Indian News, Non-Life, Regulation
Mumbai: The insurance regulator IRDAI has ruled out dismantling the third party motor tariff system, which is still regulated by the the insurance regulator in the post detariffication period. IRDA way back in 2007 had deregulated the pricing of the...
by AIP Online Bureau | Mar 6, 2019 | Indian News, Life, Non-Life, Regulation
Hyderabad: Coming down heavily against the insurers, the insurance regulator IRDAI n Tuesday has directed them to submit data pertaining to compliance of awards passed against them by Insurance Ombudsman. According to TS Naik, general...
by AIP Online Bureau | Mar 6, 2019 | International News, Non-Life, Reinsurance, Risk Management, Technology
London: Aon plc is partnering with software company Skytek to provide real-time monitoring of insurers’ marine risks, identifying accumulations for enhanced underwriting and reinsurance programs. In an era of mega-ports and ultra-large container...
by AIP Online Bureau | Mar 5, 2019 | Indian News, Risk Management
New Delhi: Tasked with cleaning up of mammoth financial mess at embattled IL&FS, its government-appointed board has charged 14 former directors of group firm IL&FS Financial Services Ltd (IFIN) of facilitating money laundering, sanctioning loans in...
by AIP Online Bureau | Mar 5, 2019 | Eco/Invest/Demography, Health, International News
Seven of the top 10 most polluted cities in the world are in India, according to a new study showing South Asia’s battle with deteriorating air quality and the economic toll it’s expected to take worldwide. Gurugram, located southwest of...
by AIP Online Bureau | Mar 5, 2019 | Eco/Invest/Demography, Indian News
Mumbai: LIC Housing Finance on Monday said it has partnered with India Mortgage Guarantee Corporation (IMGC) to offer special loan scheme, under which borrowers can repay the amount till the age of 75 years. Under the new partnership, IMGC will provide...
by AIP Online Bureau | Mar 4, 2019 | Eco/Invest/Demography, Health, International News
There’s more to life than money, and economists know it. As new assessments of global living standards proliferate, attempting to gauge how healthy, happy and successful humans are depending on where they live, a pattern is slowly emerging. ...
by AIP Online Bureau | Mar 4, 2019 | Climate, Environment, Renewable Energy, Eco/Invest/Demography, International News, Risk Management
The U.S. Supreme Court opened some American-based international organizations to lawsuits, ruling that a World Bank affiliate must defend against allegations it is responsible for environmental damage caused by a power plant in India. Voting 7-1 on...
by AIP Online Bureau | Mar 4, 2019 | Uncategorized
Veo Robotics Inc., a startup developing sensor technology that lets industrial robots work safely side-by-side with humans, closed a funding round as it prepares to roll out the product in May. The company raised $15 million late last month, bringing...
