by AIP Online Bureau | Aug 7, 2024 | Eco/Invest/Demography, Indian News, Risk Management, Technology
Union Railway Minister Ashwini Vaishnaw Talking to media persons here, Vaishnaw said the ministry initiated the process of bringing uniformity in subsidiary rules (SR) of all 17 railway zones after the Commissioner of Railway Safety (CRS) flagged contradictions in...
by AIP Online Bureau | Aug 7, 2024 | Eco/Invest/Demography, Health, International News, Policy, Regulation
Cyril Ramaphosa,President, South Africa The legislation will gradually limit the role of private insurance in South Africa, create a new public fund to provide free access for citizens, and set the fees and prices that private healthcare suppliers can charge for...
by AIP Online Bureau | Aug 7, 2024 | Climate, Environment, Renewable Energy, Disaster & Management, Eco/Invest/Demography, International News, Non-Life, Reinsurance, Risk Management
Balz Grollimund, Head of Catastrophe Perils at Swiss Re, said: “In recent years, severe thunderstorms have emerged as a main driver of a significant increase in insured losses. This is due to growing populations and higher property values in urban areas, along...
by AIP Online Bureau | Aug 7, 2024 | Eco/Invest/Demography, Health, Indian News, Life, Non-Life, Policy
Finance Minister Nirmala Sitharaman Around Rs 24,529 crore was collected from GST on health and life insurance in the last three financial years.73-74 per cent of the amount collected under the GST goes to the states,” Nirmala Sitharaman, union finance said in...
by AIP Online Bureau | Aug 7, 2024 | International News, Non-Life, Reinsurance
Today’s upgrade from AM Best follows that of S&P Global at the end of last year, with both agencies acknowledging the strength and resilience of Lloyd’s balance sheet.The upgrade further enhances Lloyd’s ability to attract and retain investors due to its unique...
by AIP Online Bureau | Aug 7, 2024 | Indian News, Policy, Regulation, Technology
The Telecom Regulatory Authority of India (TRAI) held a meeting with the industry stakeholders in the national capital to discuss action on spammers, amid growing consumer complaints about unsolicited commercial calls.The issue involves multiple stakeholders —...
by AIP Online Bureau | Aug 7, 2024 | Disaster & Management, Eco/Invest/Demography, Features, Non-Life, Reinsurance, Risk Management, Technology
In a 2023 safety report, the Civil Aviation Authority of Nepal (CAAN) said collision with terrain or another obstacle was the main risk, accounting for 93% of deaths in air accidents in the prior decade On July 22, 2024, eighteen people were killed in Nepal when a...
by AIP Online Bureau | Aug 7, 2024 | International News, Non-Life, Reinsurance, Risk Management
The four passengers are Chinese nationals, and the pilot is a Nepali man, police said. No further details were immediately available KATHMANDU: A helicopter crashed in a forest outside Nepal’s capital Kathmandu shortly after takeoff on Wednesday, killing all...
by AIP Online Bureau | Aug 7, 2024 | Indian News, Non-Life, Policy
The general managers (GMs) who have been shortlisted on the basis of seniority are – V Balkrishna and Jayshree Bala from GIC Re, Rekha Solanki, Oriental Insurance Company, Mathew George, Managing Director and CEO of Health Insurance TPA of India...
by AIP Online Bureau | Aug 5, 2024 | Eco/Invest/Demography, Indian News, Risk Management, Wealth Management/ Philanthropy
Global markets were in the deep red on Monday as the US economic slowdown weighed heavily on the financial markets Mumbai: Equity market benchmark indices Sensex and Nifty crashed over 3 per cent each on Monday in line with extremely weak trends in global markets amid...
