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Indian Insurtech sector attracted $ 2.5 bn funding, more investment to flow: Report

Indian Insurtech sector attracted $ 2.5 bn funding, more investment to flow: Report

by AIP Online Bureau | Nov 20, 2024 | Eco/Invest/Demography, Indian News, Life, Non-Life, Technology

(Lto R) Vivek Mandhata, managing director & partner, Boston Consulting Group (BCG) and Arvind Virmani, member, NITI Aayog releasing a report on Indian Insurtech Sector on Wednesday in Mumbai According to report, released by Arvind Virmani, member, NITI Aayog at...

Facebook users affected by data breach eligible for compensation, German court says

by AIP Online Bureau | Nov 19, 2024 | Eco/Invest/Demography, International News, Risk Management, Technology

Thousands of Facebook users in Germany are demanding compensation from parent company Meta for insufficient protection of their data after unknown third parties were able to access user accounts by guessing phone numbers A German court said on Monday that Facebook...
After FM, Irdai chief urges bankers to avoid mis-selling of insurance

After FM, Irdai chief urges bankers to avoid mis-selling of insurance

by AIP Online Bureau | Nov 19, 2024 | Banking & Bancassurance, Indian News, Life, Non-Life

“I wish to say this for the due consideration of the bank boards , sale of insurance by banks has raised concerns of instances of mis-selling and I would say this has contributed indirectly to cost of borrowing for the customers . So banks will have to look at this ,...

Life insurance drives global premium growth as interest rates remain higher for longer, says Swiss Re

by AIP Online Bureau | Nov 19, 2024 | Eco/Invest/Demography, International News, Life, Non-Life, Policy, Regulation, Risk Management

Insurance premium growth forecast in real terms   TotalNon-lifeLife  2024F2025– 2026F2024F2025–2026F2024F2025–2026FWorld 4.6%2.6%4.3%2.3%5.0%3.0%Advanced markets    All4.1%2.0%4.3%1.9%4.0%2.0%North...
Stalin says LIC website reduced to propaganda tool for Hindi imposition, Corporation resolves technical glitch

Stalin says LIC website reduced to propaganda tool for Hindi imposition, Corporation resolves technical glitch

by AIP Online Bureau | Nov 19, 2024 | Indian News, Life

M K Stalin,Tamil Nadu Chief Minister LIC has clarified that there was a technical issue in the website which has already been resolved Posting a screenshot of the LIC of India webpage containing Hindi, the chief minister said in a post on social media platform ‘X’:...
RBI cautions public about ‘deepfake’ video of governor being circulated on social media

RBI cautions public about ‘deepfake’ video of governor being circulated on social media

by AIP Online Bureau | Nov 19, 2024 | Banking & Bancassurance, Indian News, Regulation, Risk Management, Technology

In a statement Tuesday, RBI said it has come to their notice that fake videos of the Governor (Shaktikanta Das) are being circulated in social media that claim launch of or support to some investment schemes by the RBI Mumbai:The Reserve Bank of India (RBI) has...
Soil degradation on 30 pc of India’s land poses threat to agriculture: Union Agri minister

Soil degradation on 30 pc of India’s land poses threat to agriculture: Union Agri minister

by AIP Online Bureau | Nov 19, 2024 | Climate, Environment, Renewable Energy, Eco/Invest/Demography, Indian News, Policy

“We are producing more than 330 million foodgrains annually and exporting worth USD 50 billion. This success however comes with concerns, especially regarding soil health,” Union Agriculture Minister Shivraj Singh Chouhan New Delhi: Agriculture Minister...

Prudential launches global AI Lab in Singapore, to improve consumer access to quality healthcare

by AIP Online Bureau | Nov 19, 2024 | Indian News, Intermediaries, Life, Technology

Anil Wadhwani, Chief Executive Officer, Prudential plc, said: “Data, advanced analytics and AI are crucial to the delivery of our strategic priorities. The AI Lab will supercharge the development of exciting applications such as predictive analytics,...
Centre issues advisory on air pollution

Centre issues advisory on air pollution

by AIP Online Bureau | Nov 19, 2024 | Eco/Invest/Demography, Health, Indian News, Non-Life, Risk Management

Air quality has worsened in several cities, including Mumbai, Delhi, and regions in northern India, reaching severe levels. The deteriorating air quality has raised concerns over various health risks. The advisory also highlights the heightened risk of air pollution...
Meta fined €798 million by EU over abusing classified ads dominance

Meta fined €798 million by EU over abusing classified ads dominance

by AIP Online Bureau | Nov 18, 2024 | Eco/Invest/Demography, International News, Risk Management, Technology

“Meta tied its online classified ads service Facebook Marketplace to its personal social network Facebook and imposed unfair trading conditions on other online classified ads service providers,” EU antitrust chief, Margrethe Vestager, said. “It did so to benefit its...
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