by AIP Online Bureau | Dec 4, 2018 | Indian News, Non-Life
New Delhi: Ending month-long speculations,Atul Sahai,56, general manger,Oriental Insurance Company,has been appointed as the CMD of Mumbai based New India Assurance(NIA) the largest non-life company in the country,for four years. Sahay has assumed...
by AIP Online Bureau | Dec 4, 2018 | International News, Non-Life, Risk Management
Marriott International’s $13.6 billion purchase of Starwood Hotel & Resorts was a bet that its popular loyalty program would bring more travelers to its Courtyards and Residence Inns. It turns out Marriott was also buying a massive security risk. A...
by AIP Online Bureau | Dec 4, 2018 | Uncategorized
India has more than 18 lakh registered companies but only 62 percent of them were actively functioning at the end of October, according to official data. The majority of active companies were engaged in business services. With more than 6.46 lakh...
by AIP Online Bureau | Dec 4, 2018 | Indian News, Life, Non-Life, Regulation
Hyderabad: Regulator IRDAI Monday proposed to relax norms for registration of insurance marketing firms with an aim to improve penetration of insurance products in the country. Insurance marketing firms (IMFs) are registered by the Insurance Regulatory and...
by AIP Online Bureau | Dec 3, 2018 | Facts, Health
If you tend to stretch the truth while answering your doctor on questions related to exercise or diet, you have company. Some people lie to their doctors to avoid being judged, while others feel simply too embarrassed to tell the truth or just do not want to be...
by AIP Online Bureau | Dec 3, 2018 | Climate, Environment, Renewable Energy, International News
KATOWICE: The World Bank on Monday unveiled USD 200 billion in climate action investment for 2021-25, adding this amounts to a doubling of its current five-year funding. The World Bank said the move, coinciding with a UN climate summit meeting of some...
by AIP Online Bureau | Dec 3, 2018 | Disaster & Management, International News, Non-Life, Reinsurance
SACRAMENTO, Calif: California regulators have moved to take over an insurance company that can’t pay out all claims following a massive wildfire that destroyed more than 13,000 homes. Merced Property & Casualty Company was pushed to insolvency...
by AIP Online Bureau | Dec 3, 2018 | Health, Indian News, Non-Life
Mumbai: Bajaj Allianz General Insurance, has bagged the Ayushman Bharat – Pradhan Mantri Jan ArogyaYojana (PM-JAY), account for the entire state of Jammu & Kashmir at a premium of Rs 775 per family for a cover of Rs 5 lakh. Under the scheme, a...
by AIP Online Bureau | Dec 3, 2018 | Indian News, Life, Non-Life
Mumbai: G Srinivasan, 60, former CMD of New India Assurance, has been appointed as the director of Pune based National Insurance Academy(NIA). The governing council of NIA headed by Alice Vaidyan, CMD , GIC Re, met on Nov 29 and had unanimously...
by AIP Online Bureau | Dec 2, 2018 | Eco/Invest/Demography, Indian News, Technology
New Delhi: WhatsApp chief has written to the Reserve Bank of India (RBI), seeking a formal nod to expand payments services to all its 200 million users in India. The messaging app, which has drawn fire from the government over spread of fake...
