by AIP Online Bureau | Oct 6, 2018 | Indian News, Policy, Regulation
New Delhi: Finance Minister Arun Jaitley Saturday said a Parliament approved legislation can restore mandatory linking of biometric ID Aadhaar with mobile phones and bank accounts, but did not say if the government will bring a new law for the same. ...
by AIP Online Bureau | Oct 6, 2018 | Indian News
New Delhi: The ministry of finance(MoF) has convened a two- day strategic meeting of all senior officials of public sector general insurers in New Delhi during Oct-5-6 termed as `Manthan’ to develop comprehensive reform agenda to modernise these...
by AIP Online Bureau | Oct 4, 2018 | Indian News
Mumbai: LIC came out with an open offer for acquiring 26 percent of equity in IDBI Bank at a price of Rs 61.73 per share, entailing total payout of over Rs 12,602 crore on October 4. Earlier in the day, the IDBI Bank board approved the proposal for...
by AIP Online Bureau | Oct 4, 2018 | Health, Indian News, Regulation
Hyderabad: Anil Ambani owned Reliance Capital has received the final approval from the insurance regulator IRDAI on Wednesday to float a stand alone health insurance company Reliance Health Insurnace. “Reliance Health...
by AIP Online Bureau | Oct 3, 2018 | International News, Technology
Mumbai: The insurance technology (InsurTech) sector is booming and facilitating a new era of collaboration between challengers and insurance industry incumbents, according to the inaugural edition of the World InsurTech Report published...
by AIP Online Bureau | Oct 3, 2018 | International News, Risk Management
Increasing geopolitical concerns are causing a rise in political risk exposures with 55 percent of global organisations with revenues greater than $1 billion experiencing at least one political risk loss exceeding $100 million in value,according to a survey...
by AIP Online Bureau | Oct 2, 2018 | Indian News, Regulation
Hyderabad: The insurance regulator IRDA now wants keep a tab on the non-promoters’ investments made in the insurance companies. In an instruction to be complied with immediate effect by the Indian insurers , IRDAI on Monday has asked...
by AIP Online Bureau | Oct 2, 2018 | Health, Indian News, Intermediaries
New Delhi: The government is mulling permitting 100 per cent foreign direct investment (FDI) in insurance broking to give a boost to the sector, sources said. The FDI policy, at present, allows 49 per cent foreign investment...
by AIP Online Bureau | Oct 2, 2018 | International News, Reinsurance, Risk Management
Jakarta: As troops were sent to northern cities on the Indonesian island of Sulawesi to help with rescues of those still trapped from Friday's 7.5 magnitude earthquake and tsunami, officials announced the death toll had increased to over 1200. ...
by AIP Online Bureau | Oct 2, 2018 | International News, Regulation, Reinsurance
Islamabad: Pakistan’s capital market regulator has granted approval to the country’s sole reinsurer to offer sharia-compliant reinsurance, part of efforts to boost the fledgling Islamic insurance (takaful) sector.The Securities and Exchange...
