by AIP Online Bureau | Oct 12, 2018 | Indian News, Risk Management
Trichy: Passengers and crew on board an Air India Express flight from Tiruchirappalli in Tamil Nadu to Dubai escaped a disaster early on Friday when the aircraft's wheels hit the airport's outer wall while taking off. Although parts of the...
by AIP Online Bureau | Oct 12, 2018 | Indian News, Reinsurance, Risk Management
Mumbai: As the use of drones are picking up among the various industries, they pose new challenges for the re/insurance industry in terms of assessment of their risks and developing relevant covers for them. While the insurance industry is...
by AIP Online Bureau | Oct 12, 2018 | International News, Risk Management
Ant Financial’s Alipay and Tencent Holdings Ltd. warned that cyber attackers employed stolen Apple IDs to break into customers’ accounts and made off with an unknown amount of cash, in a rare security breach for China’s top digital payments...
by AIP Online Bureau | Oct 11, 2018 | Indian News
AMARAVATI: Cyclonic storm 'Titli' on Thursday wreaked havoc in the states of Odisha and Andhra Pradesh killing eight people. Around 300,000 people were evacuated in Odisha and eight districts – Ganjam, Khurdha, Puri, Jagatsinghpur, Gajapati...
by AIP Online Bureau | Oct 11, 2018 | Indian News
New Delhi: Finance Minister Arun Jaitley said Thursday the number of direct taxpayers is expected to double to 76 million during the five-year term of the present government on account of various initiatives like rationalisation of tax structure, lowering of...
by AIP Online Bureau | Oct 11, 2018 | Indian News, Pension & Social Security
New Delhi: Reliance Nippon Life Asset Management (RNAM) on Thursday said it has received mandate from Employees' State Insurance Corporation to manage its funds. After successfully fulfilling an independent competitive technical and financial bidding...
by AIP Online Bureau | Oct 11, 2018 | Indian News
Mumbai: LIC's open offer to purchase shares from the minority shareholders of IDBI Bank will kick-start from December 3, IDBI Bank said. The open offer, at Rs 61.73 per equity share, will close on December 14. LIC has offered to acquire...
by AIP Online Bureau | Oct 11, 2018 | Indian News, Technology
New Delhi: Prime Minister Narendra Modi allayed fears of job loss due to technological development, saying the '4th Industrial Revolution' will change the nature of jobs and provide more opportunities. Speaking at the launch of the World Economic...
by AIP Online Bureau | Oct 11, 2018 | Intermediaries, Interviews
How do you expect the developments in the India re/insurance market in next five years? New business premium underwritten in the Life Insurance market in FY 2017-2018 was Rs 1,93,900 Crore (USD 29 billion) with a compounded average growth rate (CAGR) of...
by AIP Online Bureau | Oct 11, 2018 | Indian News, Risk Management
Kochi/Mumbai: Joby Pathrose, a farmer living a kilometer away from the usually languid Periyar river in southern India, was woken in the night by the sound of rushing waters. Hours later his plantations and everything he owned were completely submerged. ...
