by AIP Online Bureau | Mar 23, 2025 | Indian News, Non-Life
The case also exposed a nexus between a hospital, police officials, and lawyers to claim motor vehicle accident insurance money by submitting forged documents, fraudulent certificates and medicine bills, Shriram General Insurance Company said in a statement New Delhi:...
by AIP Online Bureau | Mar 23, 2025 | Data, Eco/Invest/Demography, Wealth Management/ Philanthropy
Last week, FPIs turned net buyers on two occasions, with a significant purchase of Rs 3,181 crore on March 21 and Rs 710 crore on March 19 The Indian equity market has witnessed a moderation in FPIs’ selling pressure with the outflows narrowing to Rs 1,794 crore...
by AIP Online Bureau | Mar 23, 2025 | Data, Eco/Invest/Demography
“At the same time, OEMs(Original Equipment Manufacturer) are aware of high price sensitivity in the entry-level segments. Hence, are likely to be cautious in executing these hikes given the segment may see a revival, especially after the recent budget, which...
by AIP Online Bureau | Mar 22, 2025 | Eco/Invest/Demography, International News, Risk Management, Technology
The financial fallout from the day-long disruption may reach reach between $80 million and $100 million, factoring in costs related to accommodation, food and transportation, as well as broader operational impacts that include rerouting, schedule disruptions and...
by AIP Online Bureau | Mar 22, 2025 | Eco/Invest/Demography, International News, Policy, Risk Management, Technology
“Cybercrime is evolving into a digital arms race targeting governments, businesses and individuals. AI-driven attacks are becoming more precise and devastating,” said Europol’s Executive Director Catherine De Bolle The European Union’s law enforcement agency cautioned...
by AIP Online Bureau | Mar 22, 2025 | International News, Non-Life, Reinsurance, Risk Management, Technology
The plane hit the runway at a 50% greater descent velocity than the rate its landing gear was designed to absorb, according to a preliminary report from the TSB, an independent transportation safety agency A safety warning system went off in a Delta Air Lines regional...
by AIP Online Bureau | Mar 22, 2025 | Indian News, Non-Life
The five names are Rekha Solanki, GM, OICL, Anjana Saxena, National Ijsurance Company, Chandra Aiyyar, GM, NIA, Sanjay Joshi, GM, UII, Sachindra Salvi, MD & CEO, GIC Housing Finance. New Delhi: The Ministry of Finance(Mof) has shortlisted...
by AIP Online Bureau | Mar 21, 2025 | Eco/Invest/Demography, Intermediaries, International News, Non-Life, Risk Management, Technology
The cost of the impact could total around 20 million pounds ($26 million) a day, said Paul Charles, a travel consultant, with no guarantee that Heathrow will reopen on Saturday given the vulnerability of the airport’s power supply For travel insurers, “this...
by AIP Online Bureau | Mar 21, 2025 | Indian News, Life, Non-Life
Bajaj Finserv will spend Rs 13,780 crore to acquire the general insurance business and Rs 10,400 crore for the life insurance arm Mumbai: Shares of Bajaj Finserv continued to decline on Friday by falling 0.53 per cent during intra-day trade to Rs 1,842 on the National...
by AIP Online Bureau | Mar 21, 2025 | Eco/Invest/Demography, Intermediaries, International News, Non-Life, Reinsurance, Risk Management
Under the scheme, MS Amlin has committed EUR 80 million in reinsurance capacity – rising to EUR 110 million – over five years to support war risk policies underwritten by three Ukrainian insurers: INGO, Colonnade, and UNIQA. The facility is backed by an...
