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IRDA Board to meet on June 29 to clear new Reinsurace Regulations

by AIP Online Bureau | Jun 14, 2018 | Indian News, Reinsurance

Hydearbad: The board of insurance regulator IRDAI is scheduled to meet on June 29 under the new chairman Subhas Khuntia to approve the much awaited revamped `Reinsurance Regulations.  Though, the new set of reinsurance regulation were expected to be...

Antarctica’s ice sheet is melting 3 times faster than before

by AIP Online Bureau | Jun 14, 2018 | Climate, Environment, Renewable Energy, Facts

  WASHINGTON: The melting of Antarctica is accelerating at an alarming rate, with about 3 trillion tons of ice disappearing since 1992, an international team of ice experts said in a new study.   In the last quarter century, the southern-most continent's...

Allianz eyes M&A targets After Missing Out on XL

by AIP Online Bureau | Jun 13, 2018 | International News

  $94 billion financial behemoth is keeping the market on tenterhooks about its next move.   Europe’s largest insurer, Allianz SE, is in the early stages of evaluating a variety of potential acquisition targets as deal-hungry Chief Executive Officer...

Lloyd’s Uses Insurable Value Data to Predict France Will Win 2018 World Cup

by AIP Online Bureau | Jun 13, 2018 | Facts

  Analyzing the collective insurable value of soccer players, Lloyd’s of London* predicts that France will be the winner of the 2018 World Cup, which will be held in Russia from June 14 to July 15, 2018. The research, which was conducted by the Centre for...

ICICI Bank to sell 2% stake in life insurance arm

by AIP Online Bureau | Jun 13, 2018 | Indian News

Mumbai: ICICI Bank on Wednesday said it will offload 2 per cent stake in its insurance arm ICICI Prudential Life in one or more tranches.    Based on insurer's stock closing price of Rs 410.25 on BSE today, the stake sale is estimated to fetch the bank...

India has just a decade to become a developed nation: SBI study

by AIP Online Bureau | Jun 13, 2018 | Indian News

    MUMBAI: India has only one decade to change its status into a developed country and will need to focus on education, failing which the much-hailed 'demographic dividend' will turn into a disadvantage, a report said today.    If India is...

New venture promoted to offer free online & over phone medical consultations

by AIP Online Bureau | Jun 13, 2018 | Health, Indian News

  Mumbai: ETechAces Marketing & Consulting Pvt. (ETechAces”), which owns India’s leading insurtech brand, PolicyBazaar.com(“PolicyBazaar”) and India’s leading lending marketplace, PaisaBazaar.com (“PaisaBazaar”),...

New construction technologies make engineering insurance risky, Swiss Re’s Sigma

by AIP Online Bureau | Jun 13, 2018 | International News

  Zurich: Global engineering insurance premiums for 2017 were estimated at around USD 21 billion, but have stagnated in recent years according to the latest sigma study from the Swiss Re Institute.   Underwriting performance has deteriorated...

Govt mulls raising pension limit to up to Rs 10,000/month under APY

by AIP Online Bureau | Jun 13, 2018 | Indian News, Pension & Social Security

  New Delhi: The government is considering a proposal to raise the pension limit under Atal Pension Yojana (APY) to up to Rs 10,000 per month from the existing slab of up to Rs 5,000, a top official said today.   There is a need to increase the value of...

Odisha announces health care assistance of Rs 5 lakh per

by AIP Online Bureau | Jun 12, 2018 | Health, Indian News

  Bhubaneswar: Even as the Modi government at the centre is getting ready to launch a mass free Rs 5 lakh health insurance scheme,Odisha Chief Minister Naveen Patnaik today announced that the state government would launch a new scheme which will provide health...
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