by AIP Online Bureau | Apr 23, 2024 | Indian News, Life
Anup Bagchi, MD & CEO, ICICI Prudential Life Insurance The decline in value of new business margin is primarily on account of the shift in underlying product mix towards unit linked & par (participatory ) from non par business, decline in group term business...
by AIP Online Bureau | Apr 23, 2024 | Banking & Bancassurance, Climate, Environment, Renewable Energy, Data, Eco/Invest/Demography, Regulation, Risk Management
Supply shocks play a significant role in shaping inflation dynamics, with first and second-round effects exerting distinct but interconnected influences on prices and economic activity. The first-round effects typically manifest as immediate changes in the prices of...
by AIP Online Bureau | Apr 23, 2024 | Health, Indian News, Regulation, Risk Management
Hong Kong this month suspended sales of three MDH spice blends and an Everest spice mix for fish curries. Singapore has also ordered a recall of the Everest spice mix and advised against its consumption New Delhi: India’s spice exports regulator has asked MDH...
by AIP Online Bureau | Apr 23, 2024 | Health, Indian News, Life, Non-Life, Regulation, Reinsurance
Debasish Panda, chairman, IRDAI Narendra Modi led NDA government has identified insurance reforms, like composite license, 100 per cent FDI and allowing Captive insurance, high on its first 100-days agenda if it returns to power. The IRDAI has to prepare...
by AIP Online Bureau | Apr 23, 2024 | Articles, Climate, Environment, Renewable Energy, Risk Management
Backed by some environment groups, this coalition has called for common, legally binding provisions to “restrain and reduce the production and consumption of primary plastic polymers to sustainable levels.” They also are proposing measures such as phasing out...
by AIP Online Bureau | Apr 23, 2024 | Eco/Invest/Demography, Health, International News, Non-Life, Risk Management, Workplace/Employee Benefits
Workers, especially the world’s poorest, are more vulnerable than the general population to the dangers of climate extremes such as heatwaves, droughts, wildfires and hurricanes because they are often the first exposed or exposed for longer periods and at greater...
by AIP Online Bureau | Apr 22, 2024 | International News, Life, Reinsurance, Risk Management, Technology
Catrin Hinkel, CEO Microsoft Switzerland, said, “By integrating Microsoft Azure OpenAI, Swiss Re can unlock the power of advanced analytics and Generative AI to provide new capabilities to the insurance market through a secure, compliant, and reliable cloud...
by AIP Online Bureau | Apr 22, 2024 | Data, Eco/Invest/Demography, Regulation, Risk Management
In the last three years, while individual savings and investments in fixed deposits or equities markets vary with market conditions, the investment in insurance products remained constant at 18 per cent of individual financing funds. Insurance has consistently...
by AIP Online Bureau | Apr 21, 2024 | Data, Eco/Invest/Demography, Wealth Management/ Philanthropy
Hybrid funds are mutual fund schemes that typically invest in a combination of equity and debt securities and sometimes in other asset categories such as gold Hybrid mutual fund schemes have seen a resurgence in 2023-24, garnering Rs 1.45 lakh crore in investments,...
by AIP Online Bureau | Apr 21, 2024 | Health, Indian News, Non-Life, Regulation
In another major decision, the IRDAI’s new regulations have clarified that after completion of sixty continuous months of coverage (including portability and migration) in health insurance policy, no policy and claim can be contestable by the insurer on grounds...
