by AIP Online Bureau | Oct 24, 2024 | Indian News, Non-Life, Policy
Ayyappan Chakravarty Seshadri, general manager, New India Assurance(NIA) has been kept as a standby candidate for the ED post at Agriculture Insurance Company(AIC) in case Lavanya Mundayur, who has already been recommended for the post CMD of the company(AIC),...
by AIP Online Bureau | Oct 23, 2024 | Eco/Invest/Demography, Indian News, Life, Non-Life
Mukesh Ambani, chairman, Reliance Industries Jio Financial, helmed by veteran banker K.V. Kamath, already runs a shadow bank and an insurance brokerage and has joined forces with BlackRock Inc. to start an asset management business. Setting up insurance operations...
by AIP Online Bureau | Oct 22, 2024 | Eco/Invest/Demography, Indian News, Life, Non-Life
Market sources pointed out Allianz plans to exit Bajaj Allianz Life Insurance Co. and Bajaj Allianz General Insurance Co. because its Indian partner isn’t allowing the German insurer to raise its stakes at a discounted price which was agreed upon at the time of...
by AIP Online Bureau | Oct 22, 2024 | Eco/Invest/Demography, Indian News, Policy, Risk Management, Wealth Management/ Philanthropy
“There has been no respite from FIIs selling in local equities in the current month so far, which has been creating uncertainty among domestic investors. Also, foreign investors are fleeing Indian equities to invest in relatively cheaper locations such as China,...
by AIP Online Bureau | Oct 22, 2024 | Eco/Invest/Demography, Indian News, Intermediaries, Life, Technology
Siddartha Mohanty, MD & CEO, LIC “Current channels, including agents, brokers, and bancassurance have been effective, but fraught with its own limitations given the challenge of taking insurance to each citizen of the country. Collaborating with...
by AIP Online Bureau | Oct 22, 2024 | Eco/Invest/Demography, Indian News, Life, Non-Life, Reinsurance
Debasish Panda, chairman, IRDAI The regulatory body’s chief said more than consolidation, Irdai is working on growing the number of players in the industry and also held roadshows in Japan, Europe and the US recently where it told global investors about the...
by AIP Online Bureau | Oct 22, 2024 | Climate, Environment, Renewable Energy, Eco/Invest/Demography, International News, Risk Management
ESG investments in developing nations have floundered over the course of the past year, with emerging markets recording a third year of consecutive outflows, largely due to tighter global monetary policies in both developed and emerging economies. Sustainable...
by AIP Online Bureau | Oct 19, 2024 | Health, Indian News, Life, Non-Life
The GoM to decide on the GST rate on life and health insurance met on Saturday and decided to exempt GST on premiums paid for health insurance with coverage of Rs 5 lakh for individuals other than senior citizens. New Delhi: Goods and services tax (GST) on term life...
by AIP Online Bureau | Oct 18, 2024 | Eco/Invest/Demography, International News, Policy, Regulation, Risk Management, Technology
Companies failing to comply with the AI Act will face fines of 35 million euros ($38 million), or 7% of global annual turnover Some of the most prominent artificial intelligence models are falling short of European regulations in key areas such as cybersecurity...
by AIP Online Bureau | Oct 18, 2024 | International News, Non-Life, Reinsurance
By leveraging data, pricing strategies, and market expertise, AXA International Re is now in a very good position and will focus on developing products and pricing, offering a wider range of reinsurance solutions to its clients in the mainland Chinese market HONG...
