by AIP Online Bureau | Oct 18, 2024 | Eco/Invest/Demography, International News, Life, Policy, Regulation, Workplace/Employee Benefits
The move comes two days after the government — in a rare move — said it wouldn’t be in the public interest for the Income Insurance Ltd. transaction to go ahead in its current form. It wasn’t satisfied the firm can continue to fulfill its social mission as a...
by AIP Online Bureau | Oct 18, 2024 | Eco/Invest/Demography, Health, Indian News, Policy
Ajay Banga,president,World Bank A lot of that growth is in India, is driven by the domestic market as well, which actually is a healthy sign, in some ways. What India needs to work on as the prime minister laid out is things on quality of life, like air and the...
by AIP Online Bureau | Oct 17, 2024 | International News, Policy, Regulation, Risk Management, Technology
The industry group goes on to state that operating systems embedded in all Intel processors are vulnerable to backdoors created by the U.S. National Security Agency. Intel Corp. products sold in China should be subject to a security review, the Cybersecurity...
by AIP Online Bureau | Oct 16, 2024 | International News, Non-Life, Reinsurance
Maya Dongyoung Lee as Chief Operating Officer, Asia Pacific, Sompo In her new role, Lee will be responsible for leading Sompo’s APAC operations, including operational excellence and resilience, transformation and project management, and building its operational...
by AIP Online Bureau | Oct 16, 2024 | Indian News, Risk Management
In the last 48 hours, atleast 13 bomb threats have been received by various airlines on domestic and international routes, all found to be hoaxes New Delhi: The Ministry of Home Affairs on Wednesday sought a report from the Ministry of Civil Aviation on a series of...
by AIP Online Bureau | Oct 16, 2024 | Indian News, Intermediaries, Non-Life, Regulation, Reinsurance
The broker did not remit the premium to the insurer/reinsurer within the time limit of 15 days. In view of the above and a history of similar violations persisting for long, where in some cases, the delay in remittance of premium was observed to be more than 900 days,...
by AIP Online Bureau | Oct 16, 2024 | Banking & Bancassurance, Indian News, Life, Non-Life, Regulation
Earlier, state-owned bank Central bank said it has been declared as the successful bidder by the Committee of Creditors (CoC) for the sale of Category 1 assets of FEL in Future Generali India Life Insurance Company and Future Generali India Insurance Company . New...
by AIP Online Bureau | Oct 16, 2024 | Eco/Invest/Demography, International News, Risk Management, Technology
The attorneys general have alleged that despite research showing Facebook and Instagram use is associated with depression and other mental health issues, Meta won’t remove the platforms’ harmful features Meta Platforms Inc must face a lawsuit by dozens of state...
by AIP Online Bureau | Oct 16, 2024 | Climate, Environment, Renewable Energy, Eco/Invest/Demography, International News, Non-Life, Reinsurance, Risk Management
“We believe reinsurers can maintain profitability through rigorous risk selection and disciplined pricing amid rising competition, regulatory changes, climate impact and economic risks,” said Fitch Jakarta: The APAC reinsurance market’s pricing in 2024 is...
by AIP Online Bureau | Oct 15, 2024 | Banking & Bancassurance, Climate, Environment, Renewable Energy, Eco/Invest/Demography, Indian News, Policy, Regulation, Risk Management
Michael Patra, Deputy Governor, RBI Central banks face an “existential threat” to their inflation mandates from climate change through supply shocks, such as food and energy shortages, and a decline in productive capacity, Michael Patra said at a...
