by AIP Online Bureau | May 30, 2024 | International News, Regulation, Reinsurance, Risk Management
The G-7 price cap on Russian crude oil and petroleum products bans western shipowners, insurers and intermediaries from providing vessels and services for cargoes priced above the thresholds. The restrictions prompted a pivot away from western insurance and a need for...
by AIP Online Bureau | May 30, 2024 | Eco/Invest/Demography, International News, Policy, Regulation, Risk Management
PwC faces a fine of at least 1 billion yuan ($138 million), the people said. That would exceed the previous record fine for an accounting firm, the 212 million yuan handed out to Deloitte Touche Tohmatsu Ltd. in 2023 China is poised to impose a record fine on...
by AIP Online Bureau | May 30, 2024 | Briefs, Life, Regulation
The Insurance Regulatory and Development Authority of India has approved the appointment Sandeep Batra, current an executive director, ICICI Bank as the next chairman of ICICI Prudential Life Insurance. The appointment will be effective from June 30, 2024. Batra, who...
by AIP Online Bureau | May 30, 2024 | Eco/Invest/Demography, Health, Indian News, Risk Management
Apurva Chandra,Union health secretary Union health secretary Apurva Chandra stated that “e-Sanjeevani, the world’s largest telemedicine initiative, serving 241 million patients, including 57 per cent women and 12 per cent senior citizens has led to savings...
by AIP Online Bureau | May 30, 2024 | Eco/Invest/Demography, Indian News, Non-Life, Reinsurance, Risk Management, Technology
“As more of the Indian population moves online and shares sensitive identity information on various platforms, it’s vital that individuals have access to the right protection should their data be breached. We are pleased to introduce our latest innovation in...
by AIP Online Bureau | May 30, 2024 | Disaster & Management, Eco/Invest/Demography, Health, Indian News, Policy, Risk Management
The court said there was a need to declare heatwaves and cold waves “national calamities” and looking at the fact that a large number of people have lost their lives due to extreme heatwaves and heatstrokes during summers and chilling cold during winters,...
by AIP Online Bureau | May 30, 2024 | Eco/Invest/Demography, International News, Non-Life, Reinsurance, Risk Management
Risk-adjusted property-catastrophe rate-on-line 5% lower on averageDedicated sector capital now exceeds 2021 levelsA notable increase in insurance-linked securities (ILS) market activity with over USD 3 billion of issuance covering Florida perils year-to-date LONDON:...
by AIP Online Bureau | May 30, 2024 | Articles, Eco/Invest/Demography, Life, Wealth Management/ Philanthropy
With a population estimated to be around 135 million people, or around 10% of India’s 1.4 billion population, the LGBTQIA+ community represents a significant segment whose financial preferences and challenges cannot be overlooked The flagship study of Max Life...
by AIP Online Bureau | May 29, 2024 | Indian News, Non-Life
RR Singh, CMD, Oriental Insurance Company “We have been implementing a well placed strategy to achieve profitability in Fy 24. We dropped many big loss making accounts including group medical coverages ( GMC). We had the courage to leave one health account...
by AIP Online Bureau | May 29, 2024 | Eco/Invest/Demography, Health, Indian News
Notably, a severe heatwave has been prevailing in most parts of north India, including Punjab, Haryana, Rajasthan and many parts of Uttar Pradesh and Himachal Pradesh for quite some days New Delhi: The national capital on Wednesday recorded its highest-ever...
