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ADB commits $2.6 billion in sovereign lending to India

by AIP Online Bureau | May 29, 2024 | Climate, Environment, Renewable Energy, Eco/Invest/Demography, Indian News

“ADB’s portfolio in 2023 supported the government’s priority agenda. We will continue to focus on projects and programmes that accelerate India’s structural transformation, create jobs, address infrastructure gaps, promote green growth, and...

Nearly 67 pc startup employees looking for transition to established firms: Report

by AIP Online Bureau | May 29, 2024 | Data, Eco/Invest/Demography

About 25 per cent of the candidates have also attributed a lack of work-life balance in startups as a factor for their decision to join reputed concerns Nearly 67 per cent of employees working in startups prefer to move to established firms on account of job security,...
Investors’ wealth eroded by Rs 5.12 lakh crore in four straight days before Lok Sabha outcome

Investors’ wealth eroded by Rs 5.12 lakh crore in four straight days before Lok Sabha outcome

by AIP Online Bureau | May 29, 2024 | Eco/Invest/Demography, Indian News, Risk Management, Wealth Management/ Philanthropy

”Nifty dropped by 183 points, marking the fourth consecutive decline as election jitters triggered intense selling. The Sensex fell by nearly 668 points to 74,503,” said Prashanth Tapse, Senior VP (Research), Mehta Equities Ltd. Mumbai: Investors’...
Pesky calls: IRDAI asks industry players to comply with TRAI norms

Pesky calls: IRDAI asks industry players to comply with TRAI norms

by AIP Online Bureau | May 29, 2024 | Health, Indian News, Intermediaries, Life, Non-Life

In a circular on Tuesday, the insurance regulator has said regulated entities can only use the `140/180’ numbering series(or any other numbering series allocated/assigned by DoT/TRAI in future for the purpose) for making commercial calls Hyderabad: In a bid to curb...
Naveen Chandra Jha appointed as new MD&CEO of SBI General Insurance

Naveen Chandra Jha appointed as new MD&CEO of SBI General Insurance

by AIP Online Bureau | May 29, 2024 | Indian News, Non-Life

Naveen Chandra Jha, MD& CEO, SBI General Insurance Jha has been promoted as deputy managing director of the bank from the post of chief general manager(CGM) and has been posted as MD &CEO of the general insurance company Mumbai: State Bank of India has...

Lloyd’s and Bermuda Monetary Authority to foster innovation and education access

by AIP Online Bureau | May 29, 2024 | International News, Non-Life, Regulation, Reinsurance, Risk Management, Technology

“This joint agreement will ensure we share the knowledge and expertise needed to deliver the products and solutions to tackle our customer’s challenges and support the growth ambitions of our markets in the years to come” London: Lloyd’s, the world’s leading...
India’s sovereign rating outlook upgraded to positive by S&P Global Ratings

India’s sovereign rating outlook upgraded to positive by S&P Global Ratings

by AIP Online Bureau | May 29, 2024 | Eco/Invest/Demography, Indian News, Policy, Risk Management

“We expect sound economic fundamentals to underpin the growth momentum over the next two to three years,” S&P said, adding that regardless of the outcome of general elections, the ratings agency expects broad continuity in economic reforms and fiscal...
Insurers have to reduce premiums or raise sum assured in case of no claims by health insurance customers: IRDAI

Insurers have to reduce premiums or raise sum assured in case of no claims by health insurance customers: IRDAI

by AIP Online Bureau | May 29, 2024 | Health, Indian News, Non-Life, Regulation, Technology

A health insurance policy is renewable and can’t not be denied on the ground that claim (s) was made in the preceding policy years, except in case of established fraud or non-disclosure or misrepresentation by the insured Insurers have grant final authorization...

Cyclone ‘Remal’ Triggers Devastating Landslides in Mizoram, Claims 25 Lives

by AIP Online Bureau | May 29, 2024 | Workplace/Employee Benefits

At least 25 people, including 14 in a stone quarry collapse, were killed in Mizoram on Tuesday due to landslides and incessant rain in the aftermath of cyclone ‘Remal’, state disaster management authority said. Several other people went missing in...
GIC Re’s net profit rises 3% to Rs2,642 crore in Q4FY24, records underwriting profit and positive combine ratio

GIC Re’s net profit rises 3% to Rs2,642 crore in Q4FY24, records underwriting profit and positive combine ratio

by AIP Online Bureau | May 28, 2024 | Indian News, Reinsurance

“Despite having nine catastrophic events, which have added Rs 3,300 crore of losses for GIC Re, we had a profitable year in Fy 24. As a matter of strategy, we have increased our domestic premium by almost 15 per cent in Apr 1 renewals while going slow in...
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