by AIP Online Bureau | Jul 10, 2024 | Data, Eco/Invest/Demography, Technology
New Delhi: About 65 per cent of transactions by consumers in small-town India are now digital, while in larger cities this ratio was around 75 per cent, a new report showed on Tuesday. According to the report by Kearney India and Amazon Pay India, the digital payment...
by AIP Online Bureau | Jul 8, 2024 | Articles, Eco/Invest/Demography, Health, Life, Non-Life, Reinsurance
The upcoming Budget 2024-25 is crucial for advancing insurance accessibility and inclusivity, in line with IRDAI’s ‘insurance for all by 2047′ vision. Some of the important functionaries of the Indian industry put forward a few demands before union...
by AIP Online Bureau | Jul 8, 2024 | Climate, Environment, Renewable Energy, Eco/Invest/Demography, International News, Risk Management
This was also the 13th consecutive month of record-high temperatures, driven by the 2023-24 El Niño event and human-caused climate change. A similar streak occurred in 2015-2016 New Delhi: With millions experiencing scorching heat last month, the European...
by AIP Online Bureau | Jul 7, 2024 | Eco/Invest/Demography, Health, Indian News, Risk Management
This marks the latest incident in the country’s ongoing battle with ASF, which first appeared in the northeastern states of Assam and Arunachal Pradesh in May 2020. Since then, the disease has spread to approximately 24 states and union territories across the...
by AIP Online Bureau | Jul 7, 2024 | Articles, Eco/Invest/Demography, Life, Pension & Social Security, Wealth Management/ Philanthropy
Several term plans come with the flexibility of being converted into an endowment policy or a pension fund with monthly annuities, thus becoming more attractive to people Amit Jaiswal, Chief BALIC Direct Officer, Bajaj Allianz Life Insurance One of the simplest forms...
by AIP Online Bureau | Jul 7, 2024 | Eco/Invest/Demography, Health, Indian News, Policy
“Discussions are happening to double the beneficiary base under the AB-PMJAY over the next three years, which, if implemented, will cover more than two-third population of the country with health cover, the sources said while noting that medical expenditure is...
by AIP Online Bureau | Jul 6, 2024 | Eco/Invest/Demography, Indian News, Policy
Nirmala Sitharaman,Union Finance Minister Analysts expect many positive moves in the forthcoming Budget for the Indian insurance industry. The moves can include raising FDI in the insurance industry from 74 per cent to 100 per cent and bringing in the pending...
by AIP Online Bureau | Jul 5, 2024 | Banking & Bancassurance, Eco/Invest/Demography, Regulation, Risk Management, Technology
“These disclosures aim to enhance information availability and support market discipline,” the Basel Committee on Banking Supervision said in a statement Global banking regulators have approved templates for banks to disclose their exposure to crypto assets from...
by AIP Online Bureau | Jul 5, 2024 | Eco/Invest/Demography, International News, Non-Life, Reinsurance
The money from African Risk Capacity is expected to benefit 509,000 households. The government directly received a payment of $16.8 million Zimbabwe received $31.8 million from African Risk Capacity, an arm of the African Union, as part of an insurance payout for the...
by AIP Online Bureau | Jul 5, 2024 | Eco/Invest/Demography, International News, Non-Life, Reinsurance, Technology
German insurer Allianz is insurance partner for the Games. Other insurers, such as the Lloyd’s of London market, are also providing cover. “We are all aware of the geopolitical situation the world is in,” said Eike Buergel, head of Allianz’s Olympic and...
