by AIP Online Bureau | Jan 13, 2019 | Disaster & Management, Indian News, Technology
New Delhi: Scientists at the India Meteorological Department and other agencies are working to create models to forecast occurrence of thunderstorms six to 12 hours in advance, learning lessons from last year's deadly storms in pre-monsoon season that...
by AIP Online Bureau | Jan 12, 2019 | Indian News, Life
New DelhI: New business premium collection by the life insurance industry has grown 2.41 percent to Rs 1.41 trillion as of December, show the data released by the apex industry body. The industry collected Rs 1,41,584 crore as against Rs 1,38,253 crore...
by AIP Online Bureau | Jan 11, 2019 | International News, Non-Life, Risk Management, Technology
Las Vegas: Toyota Motor Corp. — in an unusual move for the cut-throat car business — has decided to share with rivals an automated safety system that uses self-driving technology to keep cars from crashing. The system, known as Guardian, will...
by AIP Online Bureau | Jan 11, 2019 | Non-Life, Risk Management, Technology
Las Vegas: As vehicles get smarter, your car will be keeping eyes on you. This week at CES, the international consumer electronics show in Las Vegas, a host of startup companies will demonstrate to global automakers how the sensor technology that watches...
by AIP Online Bureau | Jan 10, 2019 | Indian News, Intermediaries, Non-Life, Regulation
Hyderabad: A committee headed by PJ Joseph, member(non-life), IRDAI, has deliberated on the prospects, challenges, risks and opportunities with regard to a proposal from Indian Institute of Insurance Surveyors and Loss...
by AIP Online Bureau | Jan 10, 2019 | Eco/Invest/Demography, Health, Indian News
Kolkata: West Bengal chief minister Mamata Banerjee today announced withdrawal of the state from its share of Ayushman Bharat alleging that Prime Minister Narendra Modi is taking all the credit for the health scheme while ignoring the...
by AIP Online Bureau | Jan 10, 2019 | Eco/Invest/Demography, International News, Non-Life, Risk Management, Technology
Los Angeles : The city of Los Angeles is suing International Business Machines Corp.’s Weather Channel unit, accusing the company of misleading consumers about how their location data was being used. In a complaint filed Thursday [Jan. 3] in...
by AIP Online Bureau | Jan 10, 2019 | Eco/Invest/Demography, Indian News, Life, Non-Life
Mumbai: The measure of insurance penetration and density reflects the level of development of insurance sector in a country. While insurance penetration is measured as the percentage of insurance premium to GDP, insurance density is calculated as the...
by AIP Online Bureau | Jan 10, 2019 | Indian News, Life
Hyderabad: The benefits paid on account of surrenders / withdrawals increased at Rs 99,265 crore in the Indian life insurance industry , of which state owned Life Insurance Corporation(LIC) accounted for Rs 51677.91 crore and private sector Rs...
by AIP Online Bureau | Jan 10, 2019 | Indian News, Life
Hyderabad: On the basis of total premium income, the market shares of Life Insurance Corporation ( LIC) decreased from 71.81 percent in 2016-17 to 69.36 percent in 2017-18. The market share of private insurers has increased from 28.19 percent in 2016-17 to...
