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BC Patnaik quits as Member, Life, IRDAI

BC Patnaik quits as Member, Life, IRDAI

by AIP Online Bureau | Oct 6, 2024 | Indian News, Life, Regulation

BC Patnaik, Member, Life, IRDAI Recently, Patnaik, who retired as a  managing director of LIC in March 2023, has been selected as the director, National Insurance Academy(NIA) , Pune and is expected to take over his new academic assignment in mid Nov...
NSE Clearing warns investors, clearing members against fake communication

NSE Clearing warns investors, clearing members against fake communication

by AIP Online Bureau | Oct 6, 2024 | Eco/Invest/Demography, Indian News, Risk Management, Technology

These fake circulars and letters, featuring the unauthorized use of NSE Clearing’s logo and letterhead, have been circulating, asking individual investors to make payments concerning their allegedly frozen investment accounts New Delhi: NSE Clearing Ltd, an arm...
AI can be as dangerous for world as nuclear weapons: EAM Jaishankar

AI can be as dangerous for world as nuclear weapons: EAM Jaishankar

by AIP Online Bureau | Oct 6, 2024 | Workplace/Employee Benefits

S. Jaishankar,External Affairs Minister On the ongoing Middle East conflict, he said that today the fight is taking place only for economic corridors, land and sea, but in the future, there will be fights over climate change also. He further highlighted that the...
Mahindra Insurance Brokers launches its new reinsurance division in Dubai International Financial Centre

Mahindra Insurance Brokers launches its new reinsurance division in Dubai International Financial Centre

by AIP Online Bureau | Oct 6, 2024 | Indian News, Non-Life, Reinsurance

Salman Jaffery, Chief Business Development Officer of DIFC Authority, said: “We are delighted to welcome Mahindra Insurance Brokers to DIFC. The firm joins over 125 registered insurers, reinsurers, captives, MGAs and insurance-related entities in the Centre. Our...

The dark side of technology: AI-driven cyberattacks call for upgraded security measures

by AIP Online Bureau | Oct 6, 2024 | Eco/Invest/Demography, Health, Indian News, Policy, Risk Management, Technology

In September 2024, insurer firm Star Health experienced a significant breach that exposed the sensitive health information of its clients on Telegram chatbots. “Cyber criminals today are not operating manually; they are using AI to automate attacks. They are...

FPIs withdraw Rs 27,142 cr in 3 trading sessions on geopolitical tensions

by AIP Online Bureau | Oct 6, 2024 | Eco/Invest/Demography, Indian News, Policy, Wealth Management/ Philanthropy

According to the data, FPIs made a net withdrawal of Rs 27,142 crore from equities between October 1 and 4, with October 2 being a trading holiday New Delhi: Foreign investors turned net sellers in October, offloading shares worth Rs 27,142 crore in just the first...
Data privacy is a major concern for insurance industry: LIC CEO

Data privacy is a major concern for insurance industry: LIC CEO

by AIP Online Bureau | Oct 6, 2024 | Eco/Invest/Demography, Indian News, Life, Regulation, Risk Management, Technology

(LtoR) Siddhartha Mohanty, CEO and MD, Life Insurance Corporation and Satyajit Tripathi, Member (Distribution), IRDAI at an event organised by Pune based National Insurance Academy in Mumbai IRDAI’s  methods for monitoring companies and intermediaries have...

10 people killed in flashfloods triggered by heavy rain in Meghalaya

by AIP Online Bureau | Oct 6, 2024 | Disaster & Management, Eco/Invest/Demography, Indian News, Policy

Incessant rainfall has triggered landslides in Gasuapara region of the district Shillong: At least 10 people died, including seven of a family, in rain-induced flashfloods that ravaged Meghalaya’s South Garo Hills district in the past 24 hours, officials said....

Researchers link climate shocks with increased domestic violence

by AIP Online Bureau | Oct 5, 2024 | Eco/Invest/Demography, Facts

“National data representing 156 countries suggest a significant relationship between intimate partner violence and a climate factor composed of storms, landslides and floods,” the authors wrote Climate shocks such as floods and landslides are likely to...

Cyberattack cripples entire IT system of U’khand

by AIP Online Bureau | Oct 5, 2024 | Eco/Invest/Demography, Indian News, Risk Management, Technology

Nikita Khandelwal, director, ITDA Information Technology Development Agency, said, “During scanning on October 2, it was found that the machine has been affected by malware, so as a precaution we have shut down our data centre, due to which all applications have...
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