by AIP Online Bureau | Jan 3, 2018 | International News, Reinsurance
London: Despite the recent catastrophe loss estimates of about $136 billion make 2017 one of the worst loss years on record for the global reinsurance and insurance market, pricing corrections have been more “orderly” than in previous years that had...
by AIP Online Bureau | Jan 3, 2018 | Articles
Singapore: China’s reinsurance industry—the world’s third-largest life insurance market and second largest non-life insurance market by premium1 —has been going through a structural transformation in recent years, driven by changes in both the...
by AIP Online Bureau | Jan 3, 2018 | Indian News, Policy
New Delhi: There is no plan under consideration at present to have all vehicles electric powered in the country by 2030, Parliament was informed on Tuesday. “There are, at present, no plans under consideration of the Department of Heavy Industry to make...
by AIP Online Bureau | Jan 3, 2018 | Indian News, Policy
NEW DELHI: Finance Minister Arun Jaitley today assured the Rajya Sabha that the government is considering putting in place a "much better" security measure for bank depositors and is open to suggestions for raising the deposit insurance limit from Rs 1 lakh...
by AIP Online Bureau | Jan 2, 2018 | Indian News
New Delhi: Union minister Shiv Pratap Shukla today said no proposal regarding merger of Public Sector Banks (PSBs) is under consideration of the government. However, the government has put in place an approval framework for proposals to amalgamate...
by AIP Online Bureau | Jan 2, 2018 | Facts, Health
San Francisco: California has begun its first historic legal sales of recreational marijuana, inaugurating a milestone move with projections pointing to a turnover of at least $7 billion a year. Lines formed outside stores licensed to sell the drug long before...
by AIP Online Bureau | Jan 2, 2018 | Indian News, Technology
NEW DELHI: Customers will not have to pay any transaction charges for payments through debit card, BHIM app and other payment made for up to Rs 2,000 from today onwards. Last month, Union Cabinet approved a proposal that government will bear the merchant discount rate...
by AIP Online Bureau | Jan 1, 2018 | Articles
New Delhi: Clear water bodies dotted with 10,000 seaplanes, 'floating cities' in the form of ocean cruises and electric vehicles zipping on dedicated highway lanes — that's the future as envisioned by Transport Minister Nitin Gadkari. ...
by AIP Online Bureau | Jan 1, 2018 | Indian News
Hyderabad: The insurance regulator IRDAI has asked the general insurers to ensure the easy availability of Motor Third Party policy “In no case can a request for a TP cover be denied,’’ said IRDAI’s note signed by Yegnapriya...
by AIP Online Bureau | Jan 1, 2018 | Articles
New Delhi: With the effects of demonetisation and the transition hiccups of the GST firmly behind, India's economic growth is likely to pick up in the new year but rising oil prices and a firming inflation may spoil the party. Some believe 2017 is best...
