by AIP Online Bureau | Nov 18, 2024 | Eco/Invest/Demography, International News, Risk Management, Technology
“Meta tied its online classified ads service Facebook Marketplace to its personal social network Facebook and imposed unfair trading conditions on other online classified ads service providers,” EU antitrust chief, Margrethe Vestager, said. “It did so to benefit its...
by AIP Online Bureau | Nov 18, 2024 | Eco/Invest/Demography, Indian News, Regulation, Risk Management, Technology
“Sharing of user data collected on WhatsApp with other Meta companies… for purposes other than for providing WhatsApp service shall not be made a condition for users to access WhatsApp Service in India,” the CCI said After the CCI’s decision, a Meta...
by AIP Online Bureau | Nov 18, 2024 | Eco/Invest/Demography, Health, Indian News, Policy
The group of ministers (GoM) on health and life insurance GST last month met and broadly agreed on exempting insurance premiums paid for term life insurance policies, and senior citizens’ health insurance from GST New Delhi: The GST Council will meet on December...
by AIP Online Bureau | Nov 18, 2024 | Eco/Invest/Demography, International News, Non-Life, Reinsurance, Risk Management, Technology
Dani Tobler.Head Cyber Reinsurance at Swiss Re “North America dominates with 70% premium share followed by Europe (19%) and APAC (8%) according to Swiss Re data. This not only illustrates the varying cyber market maturity levels around the globe but also...
by AIP Online Bureau | Nov 18, 2024 | Banking & Bancassurance, Indian News, Regulation, Risk Management
“While such practices may yield short-term gains, they ultimately expose the bank to significant long-term risks, including reputational damage, supervisory scrutiny, and financial penalties,” RBI Governor Shaktikanta Das said in a keynote address at the...
by AIP Online Bureau | Nov 18, 2024 | Eco/Invest/Demography, Indian News, Life, Non-Life, Regulation, Reinsurance
In an era where digital transformation is reshaping industries, cybersecurity has emerged as a paramount concern, with an alarming rise in cyber threats. There was dialogue on urgency of strengthening Information Systems (IS) security, which emerged as a critical...
by AIP Online Bureau | Nov 18, 2024 | Indian News, Life
The bench, led by Chief Justice Manmohan and Justice Tushar Rao Gedela, rejected the plea, noting that claims of two-thirds of policyholders missing out on benefits were based on assumptions, not factual data. The judges also cautioned that the petition could result...
by AIP Online Bureau | Nov 18, 2024 | Indian News, Technology, Workplace/Employee Benefits
One new Foxconn template ad reviewed by Reuters described smartphone assembly positions but made no mention of Foxconn, nor age, gender or marital criteria. It listed benefits: “Air conditioned workplace, free transport, canteen facility, free hostel” and...
by AIP Online Bureau | Nov 18, 2024 | Eco/Invest/Demography, Health, Indian News, Policy
A bench of Justices Abhay S Oka and Augustine George Masih pointed out that there was a delay in implementation of preventive measures under stage 4 of the Graded Response Action Plan (GRAP) even after the Air Quality Index (AQI) touched alarming levels in the...
by AIP Online Bureau | Nov 18, 2024 | Eco/Invest/Demography, International News, Non-Life, Reinsurance
Currently, the practice whereby private investors who are not party to the legal dispute, finance legal proceedings in exchange for a share of any financial award, is not properly regulated at European level Brussels: Insurance Europe, together with ten other...
