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No increase in prices of essential medicines this fiscal year Mandaviya

No increase in prices of essential medicines this fiscal year Mandaviya

by AIP Online Bureau | Apr 4, 2024 | Eco/Invest/Demography, Health, Indian News, Policy

“This year the inflation has not increased. It is just 0.005. Therefore companies are not going to increase prices this year.,” Union Minister Mansukh Mandaviya asserted New Delhi: Union Minister Mansukh Mandaviya said on Thursday said there will be no...
New India ends FY 23-24 with a global prm of Rs 41,860 cr

New India ends FY 23-24 with a global prm of Rs 41,860 cr

by AIP Online Bureau | Apr 4, 2024 | Eco/Invest/Demography, Health, Indian News, Non-Life

“Our motto remains growth with profitability. And in this process, we have let go of a few loss-making businesses which were unwilling to renew at the right price or terms. Our market share is 12.78 per cent and we remain the market leader. The industry...
WHO unveils digital health promoter harnessing generative AI for public health

WHO unveils digital health promoter harnessing generative AI for public health

by AIP Online Bureau | Apr 4, 2024 | Eco/Invest/Demography, Health, International News, Policy, Technology

Dr Tedros Adhanom Ghebreyesus,Director-General, WHO S.A.R.A.H., also known as Sarah, has the ability to support people in developing better understanding of risk factors for some of the leading causes of death in the world, including cancer, heart disease, lung...
Axis Bank says all regulatory nods received for proposed acquisition of shares in Max Life Insurance

Axis Bank says all regulatory nods received for proposed acquisition of shares in Max Life Insurance

by AIP Online Bureau | Apr 4, 2024 | Banking & Bancassurance, Life, Regulation

Axis Bank proposes to infuse Rs 1,612 crore in Max Life Insurance. Approval for the transaction from the Insurance Regulatory and Development Authority of India (IRDAI) and the Pension Fund Regulatory and Development Authority (PFRDA) was received by Max Life through...
AXA to run cyber risks campaign ahead of Paris Olympics

AXA to run cyber risks campaign ahead of Paris Olympics

by AIP Online Bureau | Apr 4, 2024 | Eco/Invest/Demography, International News, Risk Management, Technology

Nippon Telegraph & Telephone Corp., which provided cybersecurity services for the 2021 Olympic Games in Tokyo, reported 450 million attempted cyberattacks at the time Paris: AXA SA is planning a campaign to help prevent cyberattacks targeting France in the run-up...

Taiwan quake to hit some chip output, disrupt Asia supply chain, analysts say

by AIP Online Bureau | Apr 3, 2024 | Eco/Invest/Demography, International News, Non-Life, Reinsurance, Risk Management

The island plays an outsized role in the global chip supply chain as it is home to the world’s largest chipmaker Taiwan Semiconductor Manufacturing Co , which supplies chips to Apple and Nvidia.The country also houses smaller chipmakers, including UMC , Vanguard...
Aon completes acquisition of Prabodh Thakker’s Global Insurance Brokers

Aon completes acquisition of Prabodh Thakker’s Global Insurance Brokers

by AIP Online Bureau | Apr 3, 2024 | Indian News, Intermediaries, Non-Life, Regulation, Reinsurance

The acquisition strengthens Aon’s existing broking and advisory capabilities across the commercial risk, health and reinsurance markets, which combined with Aon’s talent consulting business, creates an integrated team of over 1,100 colleagues across Aon in India...
Apr1 Renewals: New reinsurance opportunities in Indian market

Apr1 Renewals: New reinsurance opportunities in Indian market

by AIP Online Bureau | Apr 3, 2024 | Articles, Eco/Invest/Demography, Life, Non-Life, Regulation, Reinsurance, Risk Management, Technology

In contrast to last year’s renewal, 4/1 saw a resurgence in property catastrophe capacity. While there were few new players in the market, existing reinsurers demonstrated an increased appetite to grow their property catastrophe books in India. However,despite excess...
Andreas Berger to succeed Christian Mumenthaler as group CEO of Swiss Re from July 1

Andreas Berger to succeed Christian Mumenthaler as group CEO of Swiss Re from July 1

by AIP Online Bureau | Apr 3, 2024 | International News, Reinsurance

Andreas Berger, group CEO designate, Swiss Re Jacques de Vaucleroy, Swiss Re’s Vice Chairman of the Board of Directors, said,”The Board unanimously determined that Andreas Berger is the right person to build on the firm’s current momentum and lead...
Strong earthquake strikes Taiwan, tsunami waves detected in Japan

Strong earthquake strikes Taiwan, tsunami waves detected in Japan

by AIP Online Bureau | Apr 3, 2024 | Disaster & Management, Eco/Invest/Demography, International News, Non-Life, Reinsurance, Risk Management

Taiwanese television showed buildings in Hualien shaken off their foundations. The strong quake knocked out power in several parts of the city In the capital, Taipei, tiles fell from older buildings and within some newer office complexes. Train service was suspended...
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