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India:FPIs pull out $2.1 bn in Sep so far due to fall in rupee

by AIP Online Bureau | Sep 23, 2018 | Data

  Overseas investors have pulled out a massive Rs 153.65 billion ($2.1 billion) from the capital markets so far in September, after putting in funds during the previous two months, on widening current account deficit coupled with global trade tensions.   The...

Per capita alcohol consumption more than doubled in India from 2005 to 2016

by AIP Online Bureau | Sep 22, 2018 | Facts, Health

    Per capita alcohol consumption in India has more than doubled from 2005 to 2016, according to a report by the WHO.    In India, the consumption of alcohol has increased from 2.4 litres in 2005 to 5.7 litres in 2016 with 4.2 litres being...

PM to launch Modicare nationwide from Jharkhand, National Insurance bags state’s hybrid account

by AIP Online Bureau | Sep 22, 2018 | Health, Indian News

  NEW DELHI: Beneficiaries of the Centre's Ayushman Bharat insurance programme or Pradhan Mantri Jan Arogya Yojana account in Jharkhand,from where Narendra Modi will roll out the flagship scheme on Sunday, have been sent a two-page customised letter from the...

Jet Airways customer demands Rs 30 lakh compensation, 100 upgrades

by AIP Online Bureau | Sep 21, 2018 | Indian News

  Mumbai: One of the five Jet Airways passengers who were sent to a city hospital for treatment, has demanded Rs 30 lakh in compensation, besides 100 upgrade vouchers, alleging lack of proper care by the airline, sources in the airline have said.   The...

Compulsory personal accident cover hiked to Rs 15 lakh, premium rises to Rs 750

by AIP Online Bureau | Sep 21, 2018 | Indian News, Regulation

  Hyderabad: Acting on the directives of the  Madras High Court, the insurance regulator IRDAI on Thursday has raised the limit of sum assured(SA) of  a Compulsory Personal Accident(CPA) Cover to Rs15 lakhs with immediate effect. Currently, the...

Lloyd’s returns to profit for the first half of 2018

by AIP Online Bureau | Sep 21, 2018 | International News, Reinsurance

  London: The market’s return to profit follows the severe catastrophe experience in 2017, with the result supported by an improved combined ratio of 95.5% (June 2017: 96.9%). Lloyd’s also reported a modest increase in gross written premiums to...

Risky Business-Insurers Face Shifting Landscape   

by AIP Online Bureau | Sep 20, 2018 | Articles, Risk Management

    Insurers are increasingly operating on a shifting landscape across the world. From technological innovations, unconventional monetary policies, political upheavals to regulatory tweaking; the ground rules are being redefined.   Today, with...

IRDAI extends deadline for filing long term motor TP products to Oct 15

by AIP Online Bureau | Sep 20, 2018 | Indian News, Regulation

  Hyderabad: The insurance regulator IRDAI has extended the deadline for the filing of motor long term third party insurance /long term package covers /bundled products under the File and Use Guidelines to Oct 15.   The insurers were required to file all...

IRDAI forms committee on insurance regulatory sandbox & fintech

by AIP Online Bureau | Sep 20, 2018 | Indian News, Regulation, Technology

  Hyderabad: The insurance regulator, IRDAI has formed committee on Wednesday headed by Randip Singh Jagpal, chief general manager, IRDAI to look into the concept of a regulatory sandbox and developing an environment where fintech solutions can be...

Florence portends more massive hurricanes in age of global warming

by AIP Online Bureau | Sep 20, 2018 | Climate, Environment, Renewable Energy, International News, Reinsurance

  Austin: Global warming has increased the likelihood of more massive, sluggish storms like Florence, capable of dropping record amounts of rain and causing the type of catastrophic flooding that crippled North and South Carolina this week, experts said.  ...
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