by AIP Online Bureau | Dec 23, 2024 | Indian News, Life, Non-Life, Policy, Regulation
According to the latest IRDAI annual report for Fy 23-24, released today after its ratification in the winter session of Parliament the insurance penetration for life insurance industry has again marginally declined from 3 per cent in the previous year to 2.8 per cent...
by AIP Online Bureau | Dec 23, 2024 | Briefs, Non-Life
Shriram General Insurance Company (SGIC) has settled the motor insurance claims within 24 hours of the incident in Jaipur (Rajasthan).On Friday, December 20, 2024, a truck loaded with chemicals collided with a tanker carrying LPG and other vehicles including a CNG...
by AIP Online Bureau | Dec 22, 2024 | Eco/Invest/Demography, Health, Indian News, Non-Life, Policy
Gender-wise utilisation shows that women account for 49 per cent of the issued Ayushman cards and almost 50 per cent of total hospital admissions, showcasing the scheme’s role in promoting gender equity in healthcare, according to the Health Ministry New Delhi: Over...
by AIP Online Bureau | Dec 22, 2024 | Climate, Environment, Renewable Energy, Disaster & Management, Eco/Invest/Demography, International News, Policy, Regulation, Reinsurance, Risk Management
One part of the plan is a voluntary public-private reinsurance mechanism that would pool private risks across the EU to help backstop weather-related losses. The second pillar would be to create a mandatory European Union fund to pay reconstruction costs when...
by AIP Online Bureau | Dec 22, 2024 | Eco/Invest/Demography, Features, Non-Life, Policy, Reinsurance, Risk Management
“Catastrophe risk management falls within the realm of public management. A lack of understanding of that “public nature” in China has led to “a simplistic approach of delegating the job to the insurance industry, which is ill-equipped to shoulder the entire...
by AIP Online Bureau | Dec 22, 2024 | Intermediaries, International News, Technology
Founded in 2020, bolttech operates a digital platform where insurers, distributors and customers buy and sell insurance and protection products in more than 35 markets across North America, Asia, Europe and Africa, according to its website Singapore:...
by AIP Online Bureau | Dec 22, 2024 | Eco/Invest/Demography, International News, Non-Life
A move to sell Thailand and Vietnam would follow other previous disposals from Liberty Mutual globally Liberty Mutual Holding Co. is considering a sale of its businesses in Thailand and Vietnam as the US insurer seeks to streamline its operations, according to people...
by AIP Online Bureau | Dec 22, 2024 | Eco/Invest/Demography, Indian News, Life, Regulation, Risk Management
The SEBI had investigated some suspicious front-running trades related to PNB MetLife India Insurance before this action.The focus of this investigation was to find out whether the suspicious entities were doing front running in the trade of PNB MetLife India...
by AIP Online Bureau | Dec 22, 2024 | Eco/Invest/Demography, Health, Indian News, Risk Management
“States of West Bengal and Bihar are reported to be most affected by arsenic contamination of groundwater irrigation by contaminated groundwater is the major route for arsenic entry into agricultural soil which ultimately leads to its entry into the food chain,” the...
by AIP Online Bureau | Dec 21, 2024 | Eco/Invest/Demography, Indian News, Policy, Technology
“The system shall be based on a Unique Identification Marking which shall be affixed on the said goods or the packages thereof. This will provide a legal framework for developing such a system and will help in implementation of mechanism for tracing specified...
