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India improves global corruption index ranking by 3 points to 78 in 2018

by AIP Online Bureau | Jan 30, 2019 | Eco/Invest/Demography, Facts, Risk Management

India has improved its ranking on a global corruption index in 2018, while its neighbour China lagged far behind, according to the annual index released by an anti-graft watchdog on Tuesday.   India rose by three points to 78 in the list of 180 countries in the...

Global ransomware attack could cost businesses almost $200bn, new study finds

by AIP Online Bureau | Jan 29, 2019 | International News, Risk Management

  Mumbai::  A global ransomware cyber-attack could cost $193bn and affect more than 600,000 businesses worldwide, according to a new report from the Cyber Risk Management (CyRiM) project, the Singapore-based public-private initiative that assesses cyber...

PolicyBazaar aims to collect Rs 3,500 crore premium in FY19

by AIP Online Bureau | Jan 28, 2019 | Indian News, Intermediaries, Life, Non-Life

New Delhi: Insurance portal Policybazaar which has recently raised around Rs 1,360 crore through a fresh round of investment, has said it aims to collect Rs 3,500 crore premium by the end of the current fiscal, a senior company official said. It collected premium of...

Interim Budget 2019-20: Focussing on Health Insurance & Wearable Technology

by AIP Online Bureau | Jan 28, 2019 | Articles, Eco/Invest/Demography, Health, Regulation

  The current NDA government ushered in a new hope amongst the Indians with its call for ‘health assurance’ replacing the traditional ‘health insurance’. According to the EY 2018 report on ‘Global analysis of health insurance in...

Rahul Gandhi promises minimum income guarantee to poor if Congress returns to power

by AIP Online Bureau | Jan 28, 2019 | Eco/Invest/Demography, Indian News

  RAIPUR: Congress president Rahul Gandhi announced Monday that his party would ensure "minimum income guarantee" for every poor person in the country if it is voted to power in the coming Lok Sabha polls.    The announcement comes ahead of...

Insurers’ Wish-List for the Budget 2019-20 

by AIP Online Bureau | Jan 28, 2019 | Eco/Invest/Demography, Health, Indian News, Life, Non-Life, Pension & Social Security

  Piyush Goyal, India's interim finance minister, will present the budget on Feb. 1, in the absence of Finance Minister Arun Jaitley, who is currently in the United States for medical treatment.   Following are some of the pre-Budget expectations from...

Over 89,000 people in Tamil Nadu benefited from Ayushman Bharat: PM Modi

by AIP Online Bureau | Jan 28, 2019 | Health, Indian News

  Madurai (Tamil Nadu): Prime Minister Narendra Modi on Sunday said here that over 89,000 people in Tamil Nadu have benefited from the Centre's Modicare health insurance scheme.   He made the remarks at a public rally here after he laid down foundation...

Lancet report blames ‘Big Food’ firms for fuelling obesity, climate change

by AIP Online Bureau | Jan 28, 2019 | Eco/Invest/Demography, Health, International News, Risk Management

  Big Food is portrayed as the new Big Tobacco in a sweeping report that links the industry’s influence to a global obesity epidemic, along with malnutrition and climate change.   The Lancet Commission on Obesity blamed a growth-focused sector for a...
“We are more focused on improving the pricing and the other terms and conditions” Alice Vaidyan, CMD, GIC Re

“We are more focused on improving the pricing and the other terms and conditions” Alice Vaidyan, CMD, GIC Re

by AIP Online Bureau | Jan 28, 2019 | Interviews, Non-Life, Reinsurance

Alice Vaidyan, CMD, GIC Re State owned GIC Re has become the 10th largest global reinsurer in the AM Best’s list top 50 global reinsurers in 2018. Alice Vaidyan,CMD, GIC Re, in an interview with Asia Insurance Post, outlines her strategies to strengthen the...

Will robotaxis really take off?

by AIP Online Bureau | Jan 28, 2019 | Facts, Technology, Trends, Facts

Flying cars! So futuristic! A world in which they’re buzzing around the skies must be dazzling – like a Popular Mechanics feature come to life!   Well, yeah. About that. It seems increasingly likely that aerospace companies and startups are rushing to...
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