by AIP Online Bureau | Dec 12, 2024 | Indian News, Non-Life, Reinsurance
The ratings reflect NIA’s balance sheet strength, which AM Best assesses as very strong, as well as its adequate operating performance, favourable business profile and marginal enterprise risk management (ERM) Singapore: In a rating review, international rating...
by AIP Online Bureau | Dec 12, 2024 | Data, Eco/Invest/Demography, Health, Risk Management
In 13 countries with increasing trends in both age groups, the annual percentage increase in young compared to older adults was larger in Chile, Japan, Sweden, the Netherlands, Croatia, and Finland, smaller in Thailand, Martinique, Denmark, Costa Rica, and similar in...
by AIP Online Bureau | Dec 12, 2024 | Eco/Invest/Demography, Indian News, Policy, Regulation, Risk Management, Technology
“Safe and trusted AI is when you do the innovation, try and be responsible about it but there would be an assessment. We will try and see that it is safe and trusted in a manner that works for everybody. That is the other space that we are working on right now....
by AIP Online Bureau | Dec 12, 2024 | Eco/Invest/Demography, Intermediaries, International News, Non-Life, Reinsurance, Risk Management
Under the new €110 million Ukraine Recovery and Reconstruction Guarantee Facility, the EBRD will support global reinsurance companies through a guarantee covering losses on specific war-related risks underwritten by local Ukrainian insurers DUBLIN: Aon plc, a leading...
by AIP Online Bureau | Dec 12, 2024 | Banking & Bancassurance, Indian News, Intermediaries, Regulation
In some cases, parent banks of insurers are selling over three-fourths of the policy, the official, who did not wish to be identified, told reporters in Mumbai Mumbai: Insurance industry watchdog Irdai wants insurers to diversify their distribution channels and may...
by AIP Online Bureau | Dec 12, 2024 | Eco/Invest/Demography, International News, Pension & Social Security
Those covered by public pension insurance will be allowed to open private pension accounts and invest up to 12,000 yuan ($1,652) a year in financial products, five official bodies, including the human resources ministry, said in a joint notice Beijing: China said on...
by AIP Online Bureau | Dec 11, 2024 | Disaster & Management, Eco/Invest/Demography, Indian News, Non-Life, Policy, Risk Management
“India faces a variety of disasters across seasons. The government is working on the policy of ‘zero casualties’ in line with Prime Minister Narendra Modi’s pledge of making India a developed country by 2047,” Union Minister Nityanand Rai said in the Lok Sabha on...
by AIP Online Bureau | Dec 11, 2024 | Indian News, Non-Life, Technology
M Rajeshwari Singh, CMD, National Insurance Company “There should be greater emphasis on retail sector business which has inherently been the strength of the company historically. Corporate relationships would be nurtured for business growth in all the sectors...
by AIP Online Bureau | Dec 11, 2024 | Eco/Invest/Demography, Indian News, Policy, Regulation, Risk Management, Technology, Workplace/Employee Benefits
“The use of more secured messaging applications like Signal, Telegram, Viber and dark Web apart from WhatsApp with end-to-end encryption by radical elements to connect with other likeminded elements has proved to be a major challenge for security agencies in its...
by AIP Online Bureau | Dec 11, 2024 | Eco/Invest/Demography, Indian News, Non-Life
The apex court enhanced the compensation amount under the heads of loss of income or earning capacity, pain and suffering, loss of marriage prospects, attendant charges and future medical treatment. The bench, enhanced the compensation to Rs 50.87 lakh and directed...
