by AIP Online Bureau | Jul 28, 2018 | International News
Abuja: Nigeria increased the minimum capital requirement for insurers by threefold, in a bid to expand their capacity to handle risk in Africa’s biggest oil producer. The National Insurance Commission requires the new levels of capital by Jan. 1,...
by AIP Online Bureau | Jul 28, 2018 | Data
Global insured losses from natural disasters for the first half were preliminarily estimated at US$21 billion, which is 40 percent lower than the 10-year average of US$35 billion and 19 percent lower than the 18-year average of US$26 billion, according...
by AIP Online Bureau | Jul 28, 2018 | Climate, Environment, Renewable Energy, Facts
Extreme weather that’s gripping northern Europe and parts of Asia may persist through early August, prolonging a deadly heatwave that’s parched crops and sparked devastating forest fires. Temperatures have risen to a record from Japan to...
by AIP Online Bureau | Jul 27, 2018 | Data, Technology
By increasing productivity and reducing cost, Blockchain technology has the potential to create the value of up to $5 billion in India in the next five years, a top official of IT industry's apex body Nasscom has stressed. "The Blockchain...
by AIP Online Bureau | Jul 27, 2018 | Facts
Scientists have developed a model that can estimate the likelihood of landslides caused by earthquakes anywhere in the world. The estimates can be available within minutes, providing potentially life-saving information to people who are affected by...
by AIP Online Bureau | Jul 27, 2018 | Indian News
Mumbai: PNB MetLife Insurance has filed the draft red herring prospectus (DRHP) for its initial public offering (IPO) with the Securities and Exchange Board of India (SEBI). Subject to regulatory approvals, it is likely that the IPO will be launched by...
by AIP Online Bureau | Jul 27, 2018 | Indian News, Risk Management
New Delhi: The high-level panel on data protection framework on Friday submitted its 67 page report to the government, suggesting steps for safeguarding personal information, defining obligations of data processors as also rights of individuals, and mooting...
by AIP Online Bureau | Jul 27, 2018 | International News
NEW DELHI: Iran is offering to insure oil cargoes to India after some local insurers stopped providing the service in the face of impending U.S. sanctions, industry sources said, a move that would help Tehran continue supplying its second biggest oil client....
by AIP Online Bureau | Jul 26, 2018 | Indian News
Mumbai: SBI Life, that got listed a months back, has seen its profit after tax (PAT) rising by 13.0 per cent from Rs 3.1 billion in Q1 FY 2018 to Rs 3.5 billion in Q1 FY 2019. New Business Premium (NBP) of the life insurer increased by...
by AIP Online Bureau | Jul 26, 2018 | Indian News
New Delhi Even as the results of the interviews for selecting CMDs of three public sector general insurers, United India Insurance, National Insurance Company and New India Assurance, conducted on May 17, are keenly awaited upon, the ministry of...
