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India should take steps to ensure privacy in biometric identification programmes: IMF

by AIP Online Bureau | Apr 12, 2018 | Indian News, Risk Management

  New Delhi: The IMF today said India should take necessary measures to ensure privacy and security controls while implementing large identification programmes like the Aadhar, as the global financial body identified India as a leader in the biometric identification...

IndiaFirst Life sees 43% jump in APE in 2017-18

by AIP Online Bureau | Apr 12, 2018 | Indian News

  Mumbai: IndiaFirst Life Insurance today said it has witnessed 43 percent jump in individual annual premium equivalent (APE) on a year-on-year basis, with a new retail premium collection of Rs 575 crore in 2017-18.   For the year FY 2017-18, gross...

Modi to launch first health and wellness centre in Chhattisgarh

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

  New Delhi: Prime Minister Narendra Modi will  launch the first Health and Wellness Centre component of the Ayushman Bharat Programe at Bijapur, Chattisgarh, on April 14. The Ayushman Bharat has twin missions. First, creating a network of Health and...

IRDA asks general insurers to strictly comply with existing reinsurance regulations

by AIP Online Bureau | Apr 12, 2018 | Indian News, Regulation

  Hyderabad: Even as a new set of guidelines from the IRDAI on reinsurance placement in the Indian market is being keenly awaited upon, the insurance regulator has asked the general insurers to strictly comply with its existing norms on “Order of...

India on track to record 50 consecutive months of double-digit air passenger growth: IATA

by AIP Online Bureau | Apr 12, 2018 | Data

  India is on track to register 50 straight months of double-digit domestic air passenger growth in October 2018 as the near term outlook remains bright, global airlines' grouping International Air Transport Association (IATA) said today. IATA also said it...

Sharing economy: massive risk potential remains unrealised, Lloyd’s Report

by AIP Online Bureau | Apr 12, 2018 | Articles, Risk Management

  Differing views on who should take on sharing economy risk could prove a barrier to realising the sector’s exponential growth targets.   Lloyd’s, a growing global center for sharing economy insurance solutions, has launched “Sharing...

General Insurance industry exceeds Rs 1.5 trillion of prm, up 17 pc, in 2017-18

by AIP Online Bureau | Apr 11, 2018 | Indian News

  Mumbai: Led by the state owned New India Assurance(NIA),  the Indian general insurance industry has logged a total premium of Rs 1, 50, 615.32 lakh crore, up17.50 per cent  in 2017-18, according to figures published by the IRDAI on Wednesday.....

Political risk and violence, terrorist attacks on the rise:AON

by AIP Online Bureau | Apr 11, 2018 | Articles, Risk Management

  Political Violence: The likelihood of interstate conflict, even involving major powers, is at the highest point since the end of the Cold War. Growing geopolitical competition and weak leadership in international diplomacy have contributed to increased risks of...

Govt working on action plan to push growth at district level

by AIP Online Bureau | Apr 10, 2018 | Indian News

  New Delhi: The government is working on an action plan to promote economic activities at district level and push overall growth rate of the country, the commerce ministry said. Commerce and Industry Minister Suresh Prabhu today chaired a meeting on the proposed...

At USD 144 bn,2017 records highest ever global insured losses from disaster events, economic losses at USD 337 bn: Sigma

by AIP Online Bureau | Apr 10, 2018 | International News

  Zurich:  Total global economic losses from natural and man-made disasters in 2017 were USD 337 billion, almost double the losses in 2016 and the second highest on record, the latest sigma study from the Swiss Re Institute says.Global insured losses from...
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