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Rana Daggubati, Prakash Raj booked for promoting betting apps

by AIP Online Bureau | Mar 20, 2025 | Indian News, Risk Management, Technology

The complainant accused the celebrities and the influencers of promoting the betting apps on social media through pop-up ads among others Hyderabad: A case was registered against six Telugu film actors, including Rana Daggubati, Prakash Raj, Vijay Deverkonda and 19...
UK’s Prudential forms JV with IT major HCL for Health Insurance foray in India

UK’s Prudential forms JV with IT major HCL for Health Insurance foray in India

by AIP Online Bureau | Mar 20, 2025 | Health, Indian News, Non-Life, Policy

Anil Wadhwani, Chief Executive Officer, Prudential plc The health insurance JV will be led by Amar Joshi (CEO designate), subject to regulatory approval “ Transforming access to healthcare and increasing insurance penetration are strategic priorities for...
Fed in no hurry to cut rates amid high uncertainty about Trump tariffs

Fed in no hurry to cut rates amid high uncertainty about Trump tariffs

by AIP Online Bureau | Mar 19, 2025 | Eco/Invest/Demography, International News

Jerome Powell, head of the US Federal Reserve “Uncertainty around the outlook has increased,” the Fed said in a new policy statement that accounts for the first weeks of the new Trump administration and the initial rollout of what White House officials say...
LIC dispels Rahul Gandhi’s concern over new IRDAI rules making  insurance unaffordable for poor and affecting agents

LIC dispels Rahul Gandhi’s concern over new IRDAI rules making insurance unaffordable for poor and affecting agents

by AIP Online Bureau | Mar 19, 2025 | Eco/Invest/Demography, Indian News, Life, Regulation

“ We want to clarify that LIC has introduced products that align with the New Product Regulations set by IRDAI, effective from October 1, 2024, keeping policyholders’ interests at the forefront .” said Siddhartha Mohanty, CEO & MD, LIC Kumud Das New Delhi/Mumbai;...
Need safeguard measures before raising FDI limit to 100 pc in insurance: Par Panel

Need safeguard measures before raising FDI limit to 100 pc in insurance: Par Panel

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...
Red Sea insurance rates to stay firm as US airstrikes raise fears for ships

Red Sea insurance rates to stay firm as US airstrikes raise fears for ships

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...
Home Insurance- Gaining Momentum in India’s Real Estate Market

Home Insurance- Gaining Momentum in India’s Real Estate Market

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...

Yokahu launches first independent Parametric Exchange to transform disaster risk finance

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...
No proposal to change retirement age of govt employees: Centre

No proposal to change retirement age of govt employees: Centre

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...
Include heatwaves in disaster management plans: Parliamentary panel tells Centre

Include heatwaves in disaster management plans: Parliamentary panel tells Centre

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...
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