by AIP Online Bureau | Jul 23, 2018 | Indian News
New Delhi: Describing India as an aspirational country,Vice President M Venkaiah Naidu said that the Insurance Industry must play a pivotal role in India’s growth story by offering innovative risk covers, policies and schemes. ...
by AIP Online Bureau | Jul 23, 2018 | Indian News, Risk Management
New Delhi: Industry chamber Assocham claimed that Corporate India is becoming more vulnerable to sudden policy change risks emanating at the Central and state levels. It added that any amendment in rules should involve stakeholders' consultation before...
by AIP Online Bureau | Jul 21, 2018 | Articles, Risk Management
The Blockchain cures all ails. It is an immutable (unchangeable) and unhackable database. It lowers transaction costs and enables trust between strangers. It unshackles us from authority. It will revolutionize insurance: Executives everywhere must pay...
by AIP Online Bureau | Jul 20, 2018 | Indian News
Mumbai: After finalising settlement of around Rs 16,000 crore of insurance claims for the Kharif 2017, under Pradhan Mantri Fasal Bima Yojana (PMFBY), the government will be coming up with a set of new guidelines to make the system more efficient...
by AIP Online Bureau | Jul 20, 2018 | Indian News
New Delhi: After making Pollution Under Control (PUC) certificate mandatory for the motor insurance policy THE Supreme Court on Friday has said automobile companies in the country cannot sell four-wheelers and two-wheelers without a mandatory third party...
by AIP Online Bureau | Jul 19, 2018 | International News, Policy
London: Britain’s banks and insurers must plan for a “hard” Brexit in case a transition period is not in place next March, a senior British regulator said on Thursday in a warning echoed by Brussels. “With eight months until we exit the...
by AIP Online Bureau | Jul 19, 2018 | Indian News
Mumbai: With an underwriting profit Rs 128 crore in Q1 FY19, the profit after tax of Bajaj Allianz General Insurance Company Limited (BAGIC ) for Q1 FY19 increased significantly by 37 per cent to Rs 291 crore as compared to Rs 213 crore in Q1 FY18....
by AIP Online Bureau | Jul 19, 2018 | Indian News
Mumbai: General insurance premium collections for the quarter ended June 30, grew by 12.2 percent to Rs 37,349.40 crore against Rs 33,287.04 crore for the same quarter in FY18. According to the statistics put out by the insurance regulator IRDAI,...
by AIP Online Bureau | Jul 19, 2018 | Banking & Bancassurance, Indian News, Non-Life
Mumbai: State owned export credit insurer, ECGC Ltd has cut down its exposure to the scam hit gems and jewellery sector. Geetha Muralidhar,CMD, ECGC said,“Keeping in view the ongoing developments in the sector, when large amount of bank loans have...
by AIP Online Bureau | Jul 19, 2018 | International News, Risk Management
BRUSSELS: The European Union fined Google a record $5 billion Wednesday for forcing cellphone makers that use the company's hugely popular Android operating system to install Google apps. The EU said the practice restricts competition and reduces...
