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Apr 1 renewals: Surprisingly, Indian general insurance market turns soft, GIC Re bounces back with a larger capacity

Apr 1 renewals: Surprisingly, Indian general insurance market turns soft, GIC Re bounces back with a larger capacity

by AIP Online Bureau | Mar 31, 2024 | Eco/Invest/Demography, Indian News, Non-Life, Reinsurance, Risk Management

“With a robust solvency ratio of 2.94 , we remain bullish and will grow our top line in this Apr 1 renewals. We have engaged with the market participants, especially the bigger ones. And my team is speaking to the reinsurance people to ensure that we understand...
Luxury car sales could breach 50K mark for first time ever: Audi India head

Luxury car sales could breach 50K mark for first time ever: Audi India head

by AIP Online Bureau | Mar 31, 2024 | Data, Eco/Invest/Demography

Luxury car volumes in India currently account for less than 2 per cent of the overall passenger vehicle sales annually and the sector has been more or less at the same level for the past decade The overall domestic luxury car segment grew by 28 per cent annually last...
LS polls: Over 60 environmental groups demand ban on mega infrastructure projects in Himalayas

LS polls: Over 60 environmental groups demand ban on mega infrastructure projects in Himalayas

by AIP Online Bureau | Mar 30, 2024 | Climate, Environment, Renewable Energy, Indian News, Policy

Climate activist Sonam Wangchuk said, “While industries exploit the riches of the Himalayas, the local people bear the brunt of disasters. The government uses taxpayers’ money for rehabilitation efforts, yet those who reap the benefits are not held...
Finance ministry and PSUs can’t make any new appointments till general elections are over, says EC

Finance ministry and PSUs can’t make any new appointments till general elections are over, says EC

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

Effectively, for the PSU insurance industry , such a stand by the Election Commission of India, will stall all the new appointments, including  Member(Distribution), IRDAI , two CMDS-New India Assurance and United India Insurance and nine executive directors...
Allianz Partners becomes the first foreign reinsurer to setup operations in GIFT City

Allianz Partners becomes the first foreign reinsurer to setup operations in GIFT City

by AIP Online Bureau | Mar 29, 2024 | Indian News, Non-Life, Regulation, Reinsurance

With its headquarter in Paris, globally, Allianz Partners  is an re/insurance company that offers health, life, automotive, and travel services. It also provides liability insurance for rental cars, travel delay, hotel cancellation, and business trips Gandhinagar/GIFT...
Building a new Key Bridge could take years and cost at least $400 million, experts say

Building a new Key Bridge could take years and cost at least $400 million, experts say

by AIP Online Bureau | Mar 29, 2024 | Disaster & Management, International News, Non-Life, Reinsurance, Risk Management

The Key Bridge collapsed Tuesday, killing six members of a crew that was working on the span, after the Dali cargo ship plowed into one its supports. Officials are scrambling to clean up and rebuild after the accident, which has shuttered the city’s busy port...
Delhi HC to examine Google’s advertising terms for legal remedies in India

Delhi HC to examine Google’s advertising terms for legal remedies in India

by AIP Online Bureau | Mar 29, 2024 | Indian News, Risk Management, Technology

Justice Pratibha M. Singh was hearing a plea filed by Startupwala Private Limited against Google India Private Limited, challenging the conditions under which their digital advertisements were disapproved or labelled as ‘Limited’ New Delhi: The Delhi High...

Centre issues advisory against mobile calls impersonating DoT

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

The DoT also issued advisory about WhatsApp calls from foreign origin mobile numbers (like +92) impersonating government officials and duping the people. “Cyber criminals through such calls try to threaten/steal personal information to carry out...
Deepfakes in a democratic country like India a big concern: PM Modi

Deepfakes in a democratic country like India a big concern: PM Modi

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

Narendra Modi,Prime Minister “Someone can even misuse my voice to deceive people and such a deepfake can trigger widespread uproar. We need to think about creating robust dos and don’ts on deepfakes,” the Prime Minister told Bill Gates New Delhi:...

The Fidelis Partnership spearheads New Lloyd’s Syndicate

by AIP Online Bureau | Mar 28, 2024 | Workplace/Employee Benefits

The syndicate will be managed at formation with support from Asta, the leading third-party managing agent at Lloyd’s PEMBROKE, BERMUDA: The Fidelis Partnership on Thursday announced that Lloyd’s has granted “in principle” approval for the launch of Syndicate 3123 in...
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