by AIP Online Bureau | Mar 30, 2018 | Articles, Risk Management
Cyber Security has always been discussed but never given the importance that it deserves in the boardroom. However the situation seems to be changing post 2017, which saw cyber breaches of global scale and magnitude. Myths such as – only Information...
by AIP Online Bureau | Mar 29, 2018 | International News, Reinsurance
Paris: The French reinsurer SCOR announced that Laurent Rousseau will become Deputy CEO of SCOR Global P&C and will join the Group's Executive Committee effective April 1, 2018. In his new role, he will also become Chief Underwriting Officer for Specialty...
by AIP Online Bureau | Mar 29, 2018 | Indian News, Policy
New Delhi: Companies will have to adopt more detailed revenue recognition ways from April 1 as the government has notified a new accounting standard. The Corporate Affairs Ministry has notified Indian Accounting Standard (Ind AS) 115 which would be...
by AIP Online Bureau | Mar 29, 2018 | International News, Reinsurance
SoftBank Group Corp. is edging closer to a deal to buy a stake in Swiss Re AG that would value the reinsurer at as much as 37 billion Swiss francs ($39 billion), according to people with knowledge of the matter. Billionaire Masayoshi Son’s SoftBank...
by AIP Online Bureau | Mar 28, 2018 | Indian News, Pension & Social Security
New Delhi: There is no proposal to replace the National Pension System (NPS) with the old pension scheme, the Lok Sabha was informed today. The NPS gives the utmost importance to the welfare of subscribers, Minister of State for Personnel Jitendra Singh said in a...
by AIP Online Bureau | Mar 28, 2018 | Indian News, Regulation
Mumbai: Listed companies will soon have to separate the post of CEO and Chairman, disclose expertise of directors and have at least one independent woman director as Sebi has partly accepted the Uday Kotak panel recommendations on corporate governance. The Sebi...
by AIP Online Bureau | Mar 28, 2018 | Indian News, Policy
Mumbai: Government has announced that the GST Council has decided to exempt GST(Goods and Service Tax) in the reinsurance deals of some of the major social security schemes like Prime Minister Fasal Bima Yojana(PMFBY), Pradhan Mantri Jeevan...
by AIP Online Bureau | Mar 28, 2018 | Uncategorized
NEWARK, N.J: -A collaborative effort between Prudential Retirement, a unit of Prudential Financial, Inc.and Pension Insurance Corporation (PIC) has created an innovative new approach for expediting longevity reinsurance transactions for smaller pension buy-ins and...
by AIP Online Bureau | Mar 28, 2018 | International News, Technology
COLUMBUS, Ohio: Root Insurance, the first car insurance company to incorporate individual driving behavior in every quote, announced today the closing of a $51-million Series C funding round led by Redpoint Ventures, with Scale Venture Partners and existing...
by AIP Online Bureau | Mar 27, 2018 | International News, Technology
Munich: The Blockchain Insurance Industry Initiative (B3i) has announced the incorporation of B3i Services AG in Zurich, Switzerland. The company was formed by the founders of B3i. Up until now B3i has been a collaborative initiative of 15 global insurers and...
