by AIP Online Bureau | Dec 16, 2017 | Indian News
New Delhi: Government to bear MDR charges on digital transactions up to Rs 2,000 The government will bear the MDR charges on transactions up to Rs 2,000 made through debit cards, BHIM UPI or Aadhaar-enabled payment systems to promote digital transactions, IT...
by AIP Online Bureau | Dec 14, 2017 | Articles, Technology
BENGALURU: As firms' appetite for the adoption of Artificial Intelligence (AI) grows, a report on Thursday said 68.6 per cent Indian organisations might deploy it before 2020. The Intel India commissioned report, undertaken by the International Data...
by AIP Online Bureau | Dec 14, 2017 | International News, Technology
Hong Kong: Prudential Hong Kong Limited (“Prudential”) today announced two new additions to its digital transformation line-up that harness automation, artificial intelligence (AI),machine learning and other technological innovations in order to...
by AIP Online Bureau | Dec 13, 2017 | Indian News, Regulation
Hyderabad: The insurance regulator IRDAI has said it has granted extension of the time limit for the industry for reviewing the new standard (IFRS 17) up to 30thJune, 2018. The Authority had constituted a Working Group on new standard equivalent to IFRS...
by AIP Online Bureau | Dec 13, 2017 | Indian News
New Delhi: The central government has extended the December 31 deadline for mandatory quoting of Aadhaar and PAN numbers for certain financial transactions like opening of a bank account till March 31, 2018. The new rule notified in the gazette modifies the...
by AIP Online Bureau | Dec 13, 2017 | Articles
Zurich Many life insurers are focused on enhancing the value of existing business by delivering sustainable value for consumers in order to grow long-term profitability, Swiss Re Institute's latest sigma report shows. Some insurers are...
by AIP Online Bureau | Dec 13, 2017 | Indian News
New Delhi: In a first ever partnership in enterprise mobility, Vodafone and Aviva Life Insurance have announced, RED Protect, a mobility plan integrated with life insurance with sum assured worth up to 20 years of the monthly rental. Vodafone’s...
by AIP Online Bureau | Dec 12, 2017 | Indian News, Risk Management
New Delhi: The government has set up NIC- CERT centre that will monitor, detect and prevent cyber attacks on government networks, IT Minister Ravi Shankar Prasad today said. Besides, the government has called a meeting of state IT ministers which will also...
by AIP Online Bureau | Dec 11, 2017 | Articles
BOSTON: Catastrophe modeling firm AIR Worldwide (AIR) estimates that the 1% aggregate exceedance probability insured loss (or the 100-year return period loss) from catastrophes worldwide is nearly USD 250 billion, and the global insured average annual loss is about...
by AIP Online Bureau | Dec 11, 2017 | Indian News, Pension & Social Security
New Delhi: Economists today suggested a range of measures, including increasing social security pension, to Finance Minister Arun Jaitley as part of pre- budget consultations. "The amount (for social security pension) has been Rs 200 per month. This...
