by AIP Online Bureau | Mar 19, 2025 | Eco/Invest/Demography, Indian News, Life, Non-Life, Policy, Regulation, Technology
Bhartruhari Mahtab,chairman, Standing Committee on Finance The Committee would like to emphasise the need for some safeguard measures to be in place to counter concerns like profit repatriation i.e. foreign investors sending earnings back to home countries rather than...
by AIP Online Bureau | Mar 19, 2025 | Eco/Invest/Demography, Intermediaries, International News, Non-Life, Reinsurance
War risk premiums briefly eased to around 0.5% of the value of a ship after the January announcement from over 0.7% in December, before moving higher in February to 0.7% for some voyage rates. For some U.S. and UK linked ships, rates were quoted up to 2% in recent...
by AIP Online Bureau | Mar 19, 2025 | Articles, Banking & Bancassurance, Non-Life, Regulation, Reinsurance, Risk Management, Technology
Insurers are increasingly introducing innovative, customer-centric solutions to meet evolving consumer needs. For example, ‘pay-as-you-use’ home insurance allows coverage for specific periods, such as 10 days when homeowners are away on a trip, this can also be...
by AIP Online Bureau | Mar 19, 2025 | Eco/Invest/Demography, International News, Non-Life, Reinsurance, Risk Management
The platform enables real-time risk assessment, pricing, and seamless capacity allocation, broadening the ability of parametric (re)insurance to play a vital role in climate resilience and disaster preparedness London: Yokahu, a leading innovator in parametric...
by AIP Online Bureau | Mar 19, 2025 | Eco/Invest/Demography, Indian News, Pension & Social Security, Policy
“No proposal to change the retirement age of government employees is under consideration of the government,” Union Minister of State for Personnel Jitendra Singh said New Delhi: The government is not considering any proposal to change the retirement age of...
by AIP Online Bureau | Mar 19, 2025 | Climate, Environment, Renewable Energy, Eco/Invest/Demography, Indian News, Policy
“The committee recommends that the ministry may include new and emerging disasters in its disaster management plans, such as those caused by heatwaves etc. It further recommends establishing a formal mechanism for the periodic review and update of the Notified...
by AIP Online Bureau | Mar 19, 2025 | Articles, Eco/Invest/Demography, Risk Management, Technology, Workplace/Employee Benefits
Shail Deep, Chief Operating Officer (COO), Experian EMEA & APAC The report identifies a notable shift from individual fraudsters to highly organized fraud syndicates, a trend intensified by the advent of GenAI. 85% of businesses in India agree that GenAI has...
by AIP Online Bureau | Mar 19, 2025 | Indian News, Policy, Wealth Management/ Philanthropy
The bench said section 23 of the Maintenance and Welfare of Parents and Senior Citizens Act, 2007 was designed to protect senior citizens in situations, where they transfer their property, either through a gift or settlement, with the expectation that the transferee...
by AIP Online Bureau | Mar 19, 2025 | Indian News, Regulation
The new members inducted into IAC are, MR Kumar, former chairman, LIC and currently non-executive chairman of Bank of India, Dinesh Kumar Khara, former chairman, State Bank of India, Vishakha Mule, CEO, Aditya Birla Capital, Nilesh Shah, MD, Kotak Mahindra Asset...
by AIP Online Bureau | Mar 19, 2025 | Eco/Invest/Demography, Health, Indian News, Policy
J P Nadda,Union Health Minister Those suffering from cancer and are below the poverty line can also avail of a one-time financial assistance of up to Rs 15 lakh, provided under the Health Minister’s Cancer Patient Fund (HMCPF). New Delhi: More than 68 lakh cancer...
