by AIP Online Bureau | Dec 30, 2024 | Eco/Invest/Demography, Features, Non-Life, Pension & Social Security, Policy, Regulation
The four labour codes on social security, industrial relations, wages, and Occupational Safety Health & Working Conditions (OSH) were passed by Parliament. These can be implemented across the country only when the Centre and states notify the respective rules...
by AIP Online Bureau | Dec 29, 2024 | Climate, Environment, Renewable Energy, Eco/Invest/Demography, Features, Policy
Fossil fuels are the main culprit, accounting for over 75 per cent of global GHG emissions, but ditching them for renewable energy is easier said than done, especially for poor countries in the Global South. They depend on them for jobs and cheap energy, and lack...
by AIP Online Bureau | Dec 29, 2024 | Banking & Bancassurance, Indian News, Regulation, Risk Management
“High attrition and employee turnover rate pose significant operational risks, including disruption in customer services, besides leading to loss of institutional knowledge and increased recruitment costs. In various interactions with banks, the Reserve Bank has...
by AIP Online Bureau | Dec 29, 2024 | Articles, Eco/Invest/Demography, Intermediaries, Life, Non-Life, Risk Management, Technology
2024 has been a pivotal year for the Indian insurance industry, marked by significant reforms and policy changes.2025 will be a key year as it will see further movement in industry and government efforts towards the Insurance for all by 2047 vision Four CEOs of the...
by AIP Online Bureau | Dec 29, 2024 | Eco/Invest/Demography, Features, Health, Policy
The expansion of Ayushman Bharat Pradhan Mantri Jan Arogya Yojana (AB PM-JAY) to include all people aged 70 and above was the year’s most citizen centric scheme, broadening its ambit to include an additional 60 million senior citizens Boosting the Ayushman...
by AIP Online Bureau | Dec 29, 2024 | Articles, Intermediaries, Non-Life, Technology
Amit Bhandari, Chief Technical Officer at Magma HDI General Insurance The integration of technology in the insurance claims process is not just a trend, it’s evolution. With the combined efforts of insurers, regulator, and government bodies like the National Health...
by AIP Online Bureau | Dec 29, 2024 | Features, Non-Life, Reinsurance
After Monte Carlo for the Rendez-Vous de Septembre, held in the second week of September 2024, it was turn of Baden Baden Reinsurance Meet, a key event that sets the tone for the industry, ahead of the crucial January renewal season. This year, it happened during...
by AIP Online Bureau | Dec 29, 2024 | International News, Non-Life, Reinsurance, Risk Management
The ministry also confirmed the casualties in the deadliest air accident involving a South Korean airline in nearly three decades. Video shared by local media showed the twin-engine aircraft skidding down the runway with no apparent landing gear before slamming into a...
by AIP Online Bureau | Dec 28, 2024 | Banking & Bancassurance, Climate, Environment, Renewable Energy, Eco/Invest/Demography, Indian News, Policy, Regulation, Risk Management
“Over the last few years, we have taken several incremental measures in this direction. It started with the setting up a dedicated group within the Bank to assess climate change risks and foster a robust ecosystem for sustainable finance,” said Reserve Bank of India...
by AIP Online Bureau | Dec 28, 2024 | Eco/Invest/Demography, Indian News, Policy, Wealth Management/ Philanthropy
“An important characteristic about FII investment is that they have been consistent investors of equity through the primary market. In December through 27th, FIIs invested Rs 17,331 crore through the primary market,” said V.K. Vijayakumar, Chief Investment Strategist,...
