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HDFC Ergo General Insurance is likely to be listed in next two years

by AIP Online Bureau | Jul 19, 2018 | Indian News

  Mumbai: HDFC Ergo General Insurance is likely to be listed in the next two years. HDFC Chairman, Deepak Parekh wants to grow Ergo General Insurance a little more before taking it public.   " We are planning to get HDFC Ergo listed within a couple of...

Cyber, Climate Risks & Human Error Threaten Shipping’s Safety Progress,Asian losses buck global trends

by AIP Online Bureau | Jul 19, 2018 | Articles

  London/New York/Munich/Paris/Singapore: Large shipping losses have declined by more than a third (38%) globally over the past decade, according to Allianz Global Corporate & Specialty SE’s (AGCS) Safety & Shipping Review 2018, with this downward...

Govt introduces bill to check unregulated deposits, prescribes 10-year jail for perpetrators of ponzi schemes

by AIP Online Bureau | Jul 19, 2018 | Indian News, Policy

  New Delhi: A bill proposing ban on unregulated deposits and up to 10-year jail term for perpetrators of ponzi schemes was introduced in the Lok Sabha on Wednesday. The Banning of Unregulated Deposit Schemes Bill, 2018, introduced by Minister of State for...

FDA cites Drug Warning Scam over Online Medications

by AIP Online Bureau | Jul 18, 2018 | Health, International News

  People who tried to order medicine online or over the phone have received fake U.S. Food and Drug Administration warning letters instead of the products they bought, in what appears to be an international extortion scam, the agency said on Friday.   In the...

CFA Institute Adds Cryptocurrency, Blockchain to Curriculum

by AIP Online Bureau | Jul 18, 2018 | Uncategorized

  It might be the definitive sign that cryptocurrencies have arrived on Wall Street.   CFA Institute, whose grueling three-level program has helped train more than 150,000 financial professionals, is adding topics on cryptocurrencies and blockchain to its...

RMS strengthens Asia-Pacific capabilities in version 18 of Modeling Software

by AIP Online Bureau | Jul 18, 2018 | International News

  RMS, the Newark, Calif.-based risk modeling and analytics firm, announced it has strengthened the Asia Pacific capabilities of its Version 18 catastrophe risk management software.   The Asia Pacific model suit is being expanded to include new peril models...

Piyush Goyal to review performance of PSU insurers on Thursday

by AIP Online Bureau | Jul 18, 2018 | Indian News, Policy

  New Delhi: Even as monsoon session of Parliament started today, acting finance minister Piyush Goyal  has called for a meeting of all public sector insurance companies and GIC Re on Thursday to take stock of their performance. This will be the first...

Munich Re appoints a new CFO, reorganises Board

by AIP Online Bureau | Jul 18, 2018 | International News, Reinsurance

  Munich: Munich Re, the largest global reinsurer, has appointed Christoph Jurecka,43, as the new CFO of Munich Re. Jurecka,has been the CFO of ERGO Group AG, Munich Re’s primary insurance subsidiary since 2011. to succeed Jörg Schneider, who is the...

Near miss incidents in Indian airspace fall in 2017

by AIP Online Bureau | Jul 18, 2018 | Indian News

  NEW DELHI: The number of near miss incidents in the Indian airspace declined to 28 last year, according to official data.   Near miss incidents, known as 'airprox' in aviation parlance, are generally those where the distance between two airborne...

ICICI Lombard’s net jumps 35% to Rs 289 crore in Q1

by AIP Online Bureau | Jul 17, 2018 | Indian News

  Mumabi: ICICI Lombard General Insurance, the largest private sector general insurer, has recorded a 35 per cent jump in its profit after tax to Rs 289 crore in Q1 FY2019 as against Rs 214 crore in Q1FY2018.    Profit before tax of the...
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