by AIP Online Bureau | May 14, 2024 | Briefs, Non-Life
The government has made some temporary arrangements to manage the day to day functioning of New India Assurance after Neerja Kapur retired as CMD of the company in Apr end. The ministry of finance on Monday has entrusted the financial, administrative powers and...
by AIP Online Bureau | May 14, 2024 | Briefs, Non-Life, Technology
Aurm, a Bangalore based firm securing vault services has announced a strategic partnership with TATA AIG General Insurance to provide comprehensive insurance coverage up to Rs 25 lakh to Aurm customers for their entrusted valuables. Aurm partners with banks and real...
by AIP Online Bureau | May 14, 2024 | Indian News, Non-Life, Technology
Kishore Poludasu, MD & CEO, SBI General Insurance This platform allows customers to aggregate their insurance portfolio through an electronic Insurance Account (eIA) and conveniently manage it through a one-stop digital platform-BIMA Central Mumbai: SBI General...
by AIP Online Bureau | May 14, 2024 | Eco/Invest/Demography, International News, Non-Life, Reinsurance, Risk Management
Sam Warnes, Director Marine Cargo commented, “This facility complements our other cargo war offerings such as our Black Sea Grain facility and $300m facility offering cover in the Red Sea and other high risk war areas.” London: WTW, a leading global advisory, broking...
by AIP Online Bureau | May 14, 2024 | Indian News, Risk Management
A bench presided over by Justice Bela M Trivedi said that the very purpose and object of the Consumer Protection Act, 2019 was to provide protection to consumers from unfair practices and unethical business practices only, adding that the legislature never intended to...
by AIP Online Bureau | May 14, 2024 | Eco/Invest/Demography, Indian News, Regulation, Risk Management
The findings underscore the vulnerability of millions of traders to the risks of price manipulation in this segment due to fewer compliance requirements. They also highlight the limitation of regulatory warnings aimed at curbing enthusiasm for tiny IPOs in India,...
by AIP Online Bureau | May 14, 2024 | Indian News, Non-Life, Policy
“Prima facie, we are of the view that a right balance will have to be struck for ensuring that vehicles remain compliant with PUC norms but, at the same time, all vehicles must have third party insurance,” the bench said New Delhi: The Supreme Court on Monday said...
by AIP Online Bureau | May 14, 2024 | Eco/Invest/Demography, International News, Non-Life, Reinsurance, Risk Management
Catastrophe bonds and other insurance-linked securities, which powered last year’s highest-returning hedge fund strategy, are built on calculations that can underestimate a new breed of risk stemming from high-frequency events such as wildfires and thunderstorms,...
by AIP Online Bureau | May 14, 2024 | Eco/Invest/Demography, International News, Non-Life, Policy, Regulation
Major insurers and ship engine makers have already withdrawn cover for Russia’s tanker fleet, which Moscow is relying on to maintain the country’s oil trade after Washington and its allies including the European Union imposed a raft of sanctions for its invasion of...
by AIP Online Bureau | May 13, 2024 | Eco/Invest/Demography, Health, International News, Non-Life, Policy
The law aims to provide healthcare to millions of poor citizens in a major overhaul of a two-tier system, which still reflects deep racial and social inequalities three decades after the end of white minority rule. Johannesburg: South Africa’s President Cyril...
