by AIP Online Bureau | Jan 22, 2019 | Indian News, Life, Non-Life, Regulation
Hyderabad: A Working Group, constituted by the IRDAI, under Suresh Mathur, executive director, IRDAI,has recommended that the general and health insurance companies may be allowed to offer the option of payment of claims in installments or in...
by AIP Online Bureau | Jan 21, 2019 | Banking & Bancassurance, Indian News, Life
Mumbai: IDBI Bank Monday said insurance behemoth LIC has completed acquisition of 51 per cent controlling stake in the bank, making it the lender's majority shareholder. "The deal, conceptualised in June 2018, is envisaged as a win-win situation...
by AIP Online Bureau | Jan 21, 2019 | International News, Non-Life, Reinsurance, Risk Management
Mumbai: Allianz Global Corporate & Specialty SE (AGCS), dedicated carrier for corporate and specialty insurance business of German insurance giant Allianz SE, launched their new India reinsurance branch office in Mumbai on Monday and is targeting ...
by AIP Online Bureau | Jan 20, 2019 | Eco/Invest/Demography, Facts, Life
‘World's oldest man’ Masazo Nonaka, who was born in 1905, just two years after the Wright brothers launched humanity's first powered flight, died on January 20, aged 113, Japanese media said. Nonaka was born in July 1905, according to...
by AIP Online Bureau | Jan 20, 2019 | Eco/Invest/Demography, International News
London: India is likely to cross the United Kingdom in the world’s largest economy rankings in 2019, a report published by global consultancy firm PwC stated. “India and France are likely to surpass the UK in the world’s largest economy...
by AIP Online Bureau | Jan 20, 2019 | Facts, Health
Scientists have unveiled what they say is an ideal diet for the health of the planet and its populations — including a doubling of consumption of nuts, fruits, vegetables and legumes, and a halving of meat and sugar intake. If the world followed the...
by AIP Online Bureau | Jan 20, 2019 | Indian News, Life
New Delhi: The Ministry of Finance(MoF) has shortlisted names of four senior officials of Life Insurance Corporation(LIC), for the selection of a chairman of the corporation The senior officials of the LIC, who have been shortlisted are- M R...
by AIP Online Bureau | Jan 19, 2019 | Climate, Environment, Renewable Energy, Intermediaries, International News, Risk Management
BOSTON: Two of America’s best-known green investors are reassessing their stakes in global insurance broker Arthur J. Gallagher & Co after a Reuters investigation into the company’s lucrative side-business in “clean coal”. ...
by AIP Online Bureau | Jan 19, 2019 | Disaster & Management, International News
New Delhi: Global businesses face huge risks from a new era of epidemics and pandemics that may cause an average annual economic loss of $570 billion to the global GDP, posing a threat similar to that from climate change, says a report. In the report on...
by AIP Online Bureau | Jan 19, 2019 | Indian News, Life
Mumbai: SBI Life Insurance at Rs 264.28 crore, posted a 14.7 percent year-on-year (YoY) rise in its net profit during third quarter ended in December 2018. The insurer had posted profit after tax of Rs 230.28 crore in the same quarter previous fiscal....
