by AIP Online Bureau | Feb 3, 2025 | Indian News, Life, Non-Life, Reinsurance
N Ramaswamy, CMD, GIC Re One of the outstanding features of GIC Re’s performance during the last quarter was its feat of improving its combined ratio significantly to 107.83 per cent in Q3FY 25 from 120.47 per cent in the year-ago period “We remain focused...
by AIP Online Bureau | Feb 3, 2025 | International News, Non-Life, Reinsurance
In addition to providing immediate scale and capability in treaty reinsurance, it will give Miller access to AHJ’s strong positioning in Nordic, Caribbean and North American Treaty business London: Miller, the independent specialist (re)insurance broker, has announced...
by AIP Online Bureau | Feb 3, 2025 | Eco/Invest/Demography, Health, Indian News, Life, Non-Life, Policy
Finance Minister has already given her approval and announced in the Budget. Now we will prepare a draft bill with the help of the law ministry. Thereafter, the draft bill will be sent to the Cabinet for approval. The intent of the DFS is to get the bill introduced...
by AIP Online Bureau | Feb 2, 2025 | Eco/Invest/Demography, Indian News, Policy, Regulation, Wealth Management/ Philanthropy
“More than one or two jurisdictions have changed their stance towards cryptocurrency in terms of the usage, their acceptance, where do they see the importance of crypto assets. In that stride, we are having a look at the discussion paper once again,”...
by AIP Online Bureau | Feb 2, 2025 | Eco/Invest/Demography, Indian News, Policy, Wealth Management/ Philanthropy
Ravi Agrawal,Chairman, CBDT As per current data, about 74-75 per cent of individual taxpayers have moved to the new tax regime that was brought in by the government a few years back New Delhi: The Budget announcement of zero tax for earnings upto Rs 12 lakh per annum...
by AIP Online Bureau | Feb 2, 2025 | Eco/Invest/Demography, Indian News, Regulation, Risk Management, Technology
This initiative will enable investors to verify the authenticity of the UPI ID they are transferring money to, through robust KYC (Know Your Customer) due diligence. This measure is designed to combat the growing threat of digital fraud, ensuring that investors can...
by AIP Online Bureau | Feb 2, 2025 | Eco/Invest/Demography, Indian News, Policy, Regulation
Finance Minister Nirmala Sitharaman “We have heard the voice of middle class” who had been complaining about their aspirations not being met despite being honest taxpayers, Sitharaman said in an interview with news agency New Delhi: It is a very positive and...
by AIP Online Bureau | Feb 2, 2025 | Data, Eco/Invest/Demography, Non-Life, Technology
According to the Think Mobility Report, emerging revenue pools such as electric, shared, and connected mobility are poised to contribute USD 100 billion to the total market by 2030 while a majority of the revenue will come from classic revenue pools comprising classic...
by AIP Online Bureau | Feb 1, 2025 | Eco/Invest/Demography, Health, Indian News, Life, Non-Life, Policy, Regulation
The FDI limit being raised from 74% to 100% will prove to be a landmark reform in the insurance sector which will help unlock new opportunities for investment and innovation. These reforms will strengthen investor confidence, drive innovation, and support sustained...
by AIP Online Bureau | Feb 1, 2025 | Articles, Eco/Invest/Demography, Health, Life, Non-Life, Policy, Regulation
Tapan Singhel, MD&CEO, Bajaj General Insurance& Chairman, General Insurance Council With the move to allow 100% FDI in insurance, we could see India moving towards a future with 1,000 insurers in the next decade. A larger number of players will bring greater...
