by AIP Online Bureau | Aug 13, 2024 | Intermediaries, International News, Non-Life, Reinsurance, Technology
By combining Hiscox AI Laboratories with Google Cloud’s generative AI, Hiscox now has the ability to remove manual elements of the underwriting process. Risks that are in scope are assessed using Google Cloud’s Gemini large language model, and the process generates an...
by AIP Online Bureau | Aug 13, 2024 | Eco/Invest/Demography, Indian News, Wealth Management/ Philanthropy
Foreign Institutional Investors (FIIs) again turned sellers on Monday as they offloaded equities worth Rs 4,680.51 crore after a day’s breather, according to exchange data New Delhi: Equity investors became poorer by Rs 4.52 lakh crore Tuesday as markets plunged...
by AIP Online Bureau | Aug 13, 2024 | Eco/Invest/Demography, Health, International News
The Africa Centres for Disease Control and Prevention (Africa CDC) warned last week that the viral infection’s rate of spread was alarming. It said that over 15,000 mpox cases and 461 deaths were reported on the continent this year so far, representing a 160%...
by AIP Online Bureau | Aug 13, 2024 | Banking & Bancassurance, Eco/Invest/Demography, Indian News, Regulation
Michael Debabrata Patra,Deputy Governor,RBI Currently, the deposit insurance coverage limit (Rs 5,00,000 or approximately USD 6,000), fully protects 97.8 per cent of deposit accounts and 43.1 per cent of deposit value in India. Jaipur: India’s Deposit Insurance and...
by AIP Online Bureau | Aug 13, 2024 | Banking & Bancassurance, Eco/Invest/Demography, Indian News, Life, Regulation
On Monday, the high court bench led by Acting Chief Justice Manmohan and Justice Tushar Rao Gedela declined to admit the PIL In February, Swamy filed an PIL before the Delhi High Court seeking a comprehensive probe into the alleged fraud in Axis Bank involving undue...
by AIP Online Bureau | Aug 13, 2024 | Data, Non-Life, Reinsurance, Technology
While the buzz around AI is inescapable and the potential benefits undeniable, its true value can only be fully harnessed when insurers get their own houses in order. The reality is the sector’s current pricing infrastructure doesn’t have the capacity to support this...
by AIP Online Bureau | Aug 13, 2024 | Eco/Invest/Demography, Health, Indian News, Non-Life
Union Finance Minister Nirmala Sitharaman The issue of removal of 18 per cent GST can be decided by the GST Council. Several suggestions have come up and I shall take up with the GST Council,” Nirmala Sitharaman had said during her reply to the amendments of Finance...
by AIP Online Bureau | Aug 13, 2024 | Health, Indian News, Workplace/Employee Benefits
While awarding the compensation, the commission considered various aspects, including losses of income and consortium, payment made by the patient for medical treatment, travelling expenses and day-to-day medical and nursing-care costs. New Delhi: The National...
by AIP Online Bureau | Aug 13, 2024 | Indian News, Life
Life Insurance Corporation of India (LIC) saw a 19.78 per cent jump in its new business premium to Rs 18,431 crore from Rs 15,387 crore in July 2023.The premium growth for the private life insurance industry slowed down and grew by 7 per cent, reaching Rs 13,392 crore...
by AIP Online Bureau | Aug 12, 2024 | Climate, Environment, Renewable Energy, Data, Eco/Invest/Demography, Policy, Technology
The Government of India approved the PM-Surya Ghar: Muft Bijli Yojana on 29th February 2024, with the aim to increase the share of solar rooftop capacity and empower residential households to generate their own electricity. The scheme has an outlay of Rs 75,021 crore...
