by AIP Online Bureau | Sep 16, 2024 | Eco/Invest/Demography, Health, International News, Life, Non-Life, Reinsurance, Risk Management
Report suggests potential excess mortality in the general population of up to 3% for the US by 2033 and 2.5% in the UK, the longest period of elevated peacetime excess mortality in the US. Key driver of excess mortality is the lingering impact of COVID-19; both as a...
by AIP Online Bureau | Sep 16, 2024 | Disaster & Management, Eco/Invest/Demography, International News, Non-Life, Reinsurance, Risk Management
Typhoon Yagi hit China’s southern Hainan island earlier this month and has caused devastation in Southeast Asia. In Myanmar, Yagi caused at least 74 deaths with dozens missing. Four deaths were reported in Hainan, at least 10 have died in Thailand and 20 in the...
by AIP Online Bureau | Sep 16, 2024 | Indian News, Life, Technology
Siddhartha Mohanty, CEO and MD, LIC “It will not only enhance our operational capabilities but also enable us to cater to our vast customer, agent and employee base with newer, more personalised experiences. We are committed to leveraging the latest technologies...
by AIP Online Bureau | Sep 15, 2024 | Eco/Invest/Demography, Health, Indian News, Policy
United India Insurance, which has been the health insurer to Maharashtra for the last four years, had won a fresh mandate from the state for implementing a much larger scheme-universal health coverage- in this June and the cover was in force since July.UII can’t...
by AIP Online Bureau | Sep 15, 2024 | Eco/Invest/Demography, Health, Indian News, Non-Life
Prime Minister Narendra Modi An allocation of Rs 6,350 crore was made for Urban Flood Management and Glacial Lake Outburst Flood Risk Mitigation Projects. Additionally, Rs 12,554 crore was approved for a range of services, including firefighting, managing glacial lake...
by AIP Online Bureau | Sep 15, 2024 | Eco/Invest/Demography, Health, Indian News, Life, Non-Life, Policy
The Terms of Reference (ToR) of the newly formed panel also include suggesting tax rate of health/medical insurance including individual, group, family floater and other medical insurance for various categories like senior citizens, middle class, persons with mental...
by AIP Online Bureau | Sep 15, 2024 | Banking & Bancassurance, Data, Eco/Invest/Demography, Risk Management, Technology
“Collaborative innovation is now seen as a key driver for fintechs, enabling faster speed-to-market and delivering tangible benefits like new product offerings, increased productivity, and reduced operational costs,” said Vivek Belgavi, Partner and Leader...
by AIP Online Bureau | Sep 15, 2024 | Data, Eco/Invest/Demography, Policy, Risk Management, Wealth Management/ Philanthropy
As per the report, as of FY23, India’s household debt has reached 38 per cent of GDP, reflecting a growing trend in household leverage. The report noted that the household debt is linked to real estate, such as homes and properties and it is driven by investment...
by AIP Online Bureau | Sep 15, 2024 | Data, Eco/Invest/Demography, Non-Life, Technology
As per the report, the Indian EV market has seen tremendous growth. Global EV sales reached 14 million in 2023, with India experiencing a 90 per cent growth rate. By 2030, the Indian government aims for 30 per cent EV penetration, with key enablers like expanded...
by AIP Online Bureau | Sep 15, 2024 | Eco/Invest/Demography, International News, Regulation, Risk Management, Technology
In a deal brokered by the Biden administration, tech companies Adobe, Anthropic, Cohere, Microsoft and OpenAI said they would voluntarily commit to removing nude images from AI training datasets “when appropriate and depending on the purpose of the model.” WASHINGTON:...
