by AIP Online Bureau | Mar 21, 2018 | Indian News
Mumbai: The largest union of the employees of public sector general insurance industry, GIEAIA, has demanded the merger of all the four state owned general insurance companies-New India Assurance, National Insurance Company(NIC), United India...
by AIP Online Bureau | Mar 21, 2018 | Indian News
New Delhi: The board considered raising of funds by way of debt for the purpose of making investments in its subsidiary Max Life Insurance Company Ltd (Max Life) to enable it to drive growth through acquisition opportunities, Max Financial Services said in a...
by AIP Online Bureau | Mar 21, 2018 | Indian News, Policy
New Delhi: If you just have to identify the citizens, what is the need to centralise and aggregate their personal data under the Aadhaar scheme, the Supreme Court asked the Centre today. The Centre, in turn, urged a five judge constitution bench headed by Chief...
by AIP Online Bureau | Mar 21, 2018 | Indian News, Risk Management
New Delhi: Over 12,000 cases related to cyber crime were registered during 2016, up from 9,622 in 2014, Parliament was informed today. "As per the data maintained by National Crime Records Bureau (NCRB), a total of 9,622, 11592 and 12,317 cyber crime cases...
by AIP Online Bureau | Mar 21, 2018 | International News, Reinsurance
London: After a number of relatively benign catastrophe years, the frequency and scale of the disasters that struck around the world in the second half of 2017 saw major claims costing the Lloyd’s market £4.5bn, more than double the previous year (2016:...
by AIP Online Bureau | Mar 20, 2018 | Health, Indian News, Non-Life
The policy has two plans- one covering hospitalization in medical centers in Asian countries while the second offers covers worldwide. The Asian countries medical coverage plan offers a lifetime cover ion $1 million and the worldwide lifetime coverage insures an...
by AIP Online Bureau | Mar 20, 2018 | Indian News, Regulation
Hyderabad: On the basis of a whistle blower complaint, the insurance regulator IRDAI , on Tuesday, has suspended the certificate of registration of a Third Party Administrator (TPA) and Delhi based E-Meditek Insurance TPA Ltd without notice, with immediate...
by AIP Online Bureau | Mar 20, 2018 | Indian News, Regulation
Describing it as “biased and prejudiced and against due process of law’’, the insurance regulator, IRDAI has decided to knock at the door of the Supreme Court’s challenging the SAT’s(Securities Appellate Tribunal)...
by AIP Online Bureau | Mar 20, 2018 | International News
TEMPE, Ariz./SAN FRANCISCO: An Uber self-driving car hit and killed a woman crossing the street in Arizona, police said on Monday, marking the first fatality involving an autonomous vehicle and a potential blow to the technology expected to transform transportation....
by AIP Online Bureau | Mar 19, 2018 | Articles, Climate, Environment, Renewable Energy
The number of people fleeing crop failures, droughts and rising sea levels will grow drastically over the next three decades if world governments do not intervene, according to a World Bank report released today. By 2050, 86 million "climate migrants"...
