by AIP Online Bureau | May 8, 2024 | Indian News, Life
Max Life Insurance achieved new business Margin (NBM) of 26.5% in FY24 and 28.6% in Q4FY24. The life insurer’s value of new business (VNB) of Rs 1,973 crore, grew 1% in FY24 The life insurer reported an embedded value(EV) of Rs 19,494 crore, while the operating...
by AIP Online Bureau | May 8, 2024 | Eco/Invest/Demography, Indian News, Policy
“People say that 40 per cent of Uttarakhand is on fire, whereas 0.1 per cent of the wildlife cover was on fire. And all this was man-made. From November till today, we have 398 fires, all man-made,” the counsel said New Delhi: The Supreme Court on...
by AIP Online Bureau | May 8, 2024 | Workplace/Employee Benefits
The General Insurance Council (GI Council), guided by the Insurance Regulatory and DevelopmentAuthority of India (IRDAI), strives to ensure that health insurance serves as a crucial aspect offinancial security for individuals and families across India. Through...
by AIP Online Bureau | May 8, 2024 | Data, Risk Management, Technology
Google Wallet can be downloaded from Play Store and would allow users to store their loyalty cards, and gift cards among other things Google has introduced a private digital wallet for Android users in India, allowing users to securely store cards, tickets, passes,...
by AIP Online Bureau | May 8, 2024 | Eco/Invest/Demography, International News
The fine is the biggest ever for an Australian airline and among the largest globally in the sector, although some Australian banks and casino operators have faced higher penalties for breaches of the law Australia’s Qantas Airways agreed to pay A$120 million ($79...
by AIP Online Bureau | May 8, 2024 | Climate, Environment, Renewable Energy, Disaster & Management, Eco/Invest/Demography, International News, Non-Life, Policy, Reinsurance, Risk Management
El Niño is caused by ocean currents that bring dry and hot weather to Southern Africa. Zimbabwe, Malawi and Zambia have declared national state of disasters The African Union’s climate insurance agency will pay out at least $60 million to four southern African nations...
by AIP Online Bureau | May 8, 2024 | Eco/Invest/Demography, Health, Indian News, Non-Life
“Rising pet ownership, industry growth, proactive insurance companies, and pets being seen as family members are driving the increased awareness and uptake of pet insurance. As more homes welcome pets, the demand for financial protection against unexpected pet...
by AIP Online Bureau | May 8, 2024 | Eco/Invest/Demography, International News, Risk Management, Technology
The plan by regulator Ofcom is one of more than 40 practical steps tech companies will need to implement under Britain’s Online Safety Act, which became law in October. The platforms must also have robust age checks to prevent children seeing harmful content...
by AIP Online Bureau | May 8, 2024 | Articles, Climate, Environment, Renewable Energy, Disaster & Management, Eco/Invest/Demography, Regulation, Reinsurance, Risk Management, Technology
Most large and listed European companies are now required to disclose what they see as risks and opportunities from environmental factors. In the US, the Securities and Exchange Commission finalized rules in March that would make it mandatory for companies to publish...
by AIP Online Bureau | May 8, 2024 | Eco/Invest/Demography, Indian News, Pension & Social Security, Policy, Regulation
India presently has social security agreements with 21 countries. These agreements ensure continued social security coverage for employees from these nations on a mutually reciprocal basis. When citizens from these countries take up employment in each other’s...
