by AIP Online Bureau | Nov 12, 2024 | Health, Indian News, Non-Life
Going ahead, NIC is committed to its stake holders and the improved financial performance is an indicator for the company to achieve profitable growth, T Babu Paul, executive director, NIC Kolkata: State owned National Insurance Company(NIC) has recorded a 80 per cent...
by AIP Online Bureau | Nov 12, 2024 | Climate, Environment, Renewable Energy, Eco/Invest/Demography, Indian News
The fund will invest in small and mid-sized companies that are focused on recycling waste and curbing emissions among other initiatives, and obtain equity partnership Mumbai: A unit of India’s largest lender State Bank of India is planning to raise as much as Rs 20...
by AIP Online Bureau | Nov 12, 2024 | Briefs, Intermediaries, Non-Life, Reinsurance, Risk Management
Bridge Specialty Group, a global wholesale and specialty insurance brokerage, has announced plans to unify its London-based businesses Lonmar Global Risks, Decus Insurance Brokers and BdB Limited under Bridge Specialty International. Bridge Specialty International...
by AIP Online Bureau | Nov 12, 2024 | Eco/Invest/Demography, Intermediaries, International News, Workplace/Employee Benefits
One in three firms view cybersecurity roles as crucial to their organisation, with a 160 percent year on year (YOY) increase in headcount for such roles. Artificial Intelligence/machine-learning and risk managers roles had a 100 percent and 70 percent YOY increase,...
by AIP Online Bureau | Nov 12, 2024 | Climate, Environment, Renewable Energy, Disaster & Management, Eco/Invest/Demography, International News, Policy, Workplace/Employee Benefits
The Article 6.4 mechanism is seen as an important tool in bridging the climate finance gap.The mechanism aims to enhance climate finance flows to countries with carbon-rich ecosystems, supporting both environmental integrity and equitable access to funding. Baku: In a...
by AIP Online Bureau | Nov 12, 2024 | Eco/Invest/Demography, Indian News, Non-Life, Regulation, Reinsurance
In a note worthy trend, seven stand alone health insurers have now captured 11.58 per cent of the market share in the general insurance industry in the first seven months of the current fiscal. It was 10.20 per cent in the corresponding period of the last fiscal...
by AIP Online Bureau | Nov 11, 2024 | Indian News, Intermediaries, Non-Life, Regulation, Risk Management
“Currently, only long-term Motor Third Party (TP) premium is booked annually and commissions also paid annually. Otherwise, the entire premium for other long-term policies such as Fire policies for dwellings, Engineering policies for projects, Janata Personal...
by AIP Online Bureau | Nov 11, 2024 | Eco/Invest/Demography, Indian News, Policy, Workplace/Employee Benefits
“The right to live in a pollution-free atmosphere is a fundamental right of every citizen which is protected by Article 21 of the Constitution of India. Prima facie we are of the view that no religion encourages any activity which creates pollution or...
by AIP Online Bureau | Nov 11, 2024 | Climate, Environment, Renewable Energy, Disaster & Management, Eco/Invest/Demography, International News, Non-Life
The IFRC policy with insurance broker Aon is the first of its kind for the aid sector. It was triggered in mid-September by the deadly Asian Typhoon Yagi, which tipped total disaster spending over the 33 million Swiss franc ($37.84 million) mark, and the fund has...
by AIP Online Bureau | Nov 11, 2024 | Indian News, Life, Reinsurance, Risk Management, Technology
Swiss Re’s DHU solution automates technical underwriting, using advanced technology to analyze multiple stacks of medical records and lab results concurrently. By providing real-time underwriting decisions and faster turnaround times, the solution enables more...
