by AIP Online Bureau | Dec 19, 2018 | Eco/Invest/Demography, Indian News, Non-Life
New Delhi: India will need 2,300 airplanes worth $320 billion in the next 20 years, aircraft maker Boeing said on December 19. In rupee terms the amount would be around Rs 22,45,364 crore. As much as 85 percent of the planes would be narrow-body and the...
by AIP Online Bureau | Dec 19, 2018 | Eco/Invest/Demography, Health, Indian News, Non-Life, Policy, Regulation, Reinsurance, Risk Management
New Delhi: The Indian government has drafted a plan to levy a fee of Rs 12,000 ($171.09) on new petrol and diesel cars in an attempt to boost the manufacturing of electric vehicles (EV) and battery-driven automobiles, the Times of India reported on Wednesday....
by AIP Online Bureau | Dec 19, 2018 | Disaster & Management, Eco/Invest/Demography, International News
Zurich: According to preliminary sigma estimates, total economic losses from natural and man-made catastrophes in 2018 declined to USD 155 billion from USD 350 billion in 2017. Global insured losses are estimated to be around USD 79...
by AIP Online Bureau | Dec 17, 2018 | Indian News, Policy
New Delhi: The Cabinet on Monday approved amending two laws to get legal backing for seeding Aadhaar information with mobile numbers and bank accounts, sources said. The Cabinet approved amendments to the Telegraph Act and the Prevention of Money...
by AIP Online Bureau | Dec 17, 2018 | Indian News, Risk Management
NEW DELHI: Your personal data may be up for sale on Dark Web for as low as Rs 3,500 that includes stolen social media accounts, banking details and credit card information from sites like Uber as well as gaming and porn websites, a new research has...
by AIP Online Bureau | Dec 17, 2018 | Technology
Shortage of qualified talent in the country has left over 4,000 mid and senior-level job positions vacant in the artificial intelligence (AI) sector, a study said Monday. Also, around 57 per cent of firms hiring for AI roles are looking for candidates...
by AIP Online Bureau | Dec 17, 2018 | Health, International News, Non-Life, Reinsurance
Swiss drugmaker Novartis AG is considering working with reinsurers to provide alternative financing options for life-saving drugs, potentially saving substantial health-care costs, Financial Times reported on Sunday. Among the options proposed includes a...
by AIP Online Bureau | Dec 17, 2018 | International News, Life, Reinsurance
Dubai: HDFC International Life and Re Company Limited (HDFC International Life & Re), a wholly owned subsidiary of HDFC Life, is the first full life re-insurer to start operations out of Dubai International Finance Centre (DIFC) and is regulated by the...
by AIP Online Bureau | Dec 17, 2018 | Indian News, Life
New Delhi The Delhi High Court on Monday dismissed a plea challenging the LIC move to acquire 51 per cent stake in the Industrial Development Bank of India (IDBI). Justice Vibhu Bakhru rejected the petition by the All India IDBI Officers Association,...
by AIP Online Bureau | Dec 17, 2018 | Health, Indian News, Policy
Chennai: The Madras High Court on Monday banned the sale of medicines online till the central government notifies the regulations. The development comes just three days after the Delhi high court stayed the sale of drugs and prescribed medicines by...
