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Swiss Re 2023 net profit surges almost six times, in line with expectations

Swiss Re 2023 net profit surges almost six times, in line with expectations

by AIP Online Bureau | Feb 16, 2024 | International News, Non-Life, Reinsurance

“We achieved all our financial targets in a year that was characterised by geopolitical turbulence and continued economic uncertainty. Improved price adequacy in our property and casualty businesses following strong renewals and our underwriting discipline...

Indians are ready to spend more on travelling: ACKO Travel Index

by AIP Online Bureau | Feb 16, 2024 | Eco/Invest/Demography, Features

As an Indian traveller, getting travel insurance protects you in case of emergencies like medical problems, lost luggage, lost travel funds, or missed flights, to name a few. In addition, travellers must choose a sum insured according to their opinion to cover the...

India’s small exporters reel as Red Sea crisis helps rivals nab business

by AIP Online Bureau | Feb 16, 2024 | Eco/Invest/Demography, Indian News, Non-Life, Reinsurance

Many suppliers sign export deals on a cost, insurance and freight basis, making them responsible for any increases in freight and insurance costs New Delhi: Atul Jhunjhunwala, an exporter in the Indian eastern city of Kolkata, is tearing his hair out, having just lost...

Majority of Indian enterprises have deployed AI: IBM report

by AIP Online Bureau | Feb 16, 2024 | Data, Eco/Invest/Demography, Risk Management, Technology, Workplace/Employee Benefits

”Without the use of governance tools, AI can expose companies to data privacy issues, legal complications, and ethical dilemmas – cases of which we have already seen plaguing many across the world,” Sandip Patel, Managing Director, IBM India and South...

Government establishes committee to develop regulations on the problem of unwanted phone calls

by AIP Online Bureau | Feb 16, 2024 | Indian News, Intermediaries, Policy, Regulation, Technology

The sole objective of Trai DLT(Distributed Ledger Technology) regulations is to bring transparency to the system, counter the menace of SMS spam and protect consumers from fraudulent practices New Delhi: The government on Thursday said it has formed a committee to...

1 in 5 cities covered under NCAP lacks real-time pollution data: report

by AIP Online Bureau | Feb 16, 2024 | Data, Eco/Invest/Demography, Health

Among India’s top 10 polluted cities in January, two were in Bihar, two in Rajasthan, two in Uttar Pradesh, one in Assam, one in Haryana, and one in Himachal Pradesh One in five cities covered under India’s National Clean Air Programme does not have a...

Asia-Pacific off track on path to SDGs, UN data shows

by AIP Online Bureau | Feb 16, 2024 | Climate, Environment, Renewable Energy, Eco/Invest/Demography, International News, Risk Management

Among the 17 SDGs, Goal 13 on climate action required most attention, as progress on all of its targets are off track and some are in reverse. This underscored the need to integrate climate action into national policies, strengthen resilience and improve adaptive...
1.4 billion children globally lack basic social protection: UNICEF

1.4 billion children globally lack basic social protection: UNICEF

by AIP Online Bureau | Feb 16, 2024 | Eco/Invest/Demography, Features, Policy

Strengthen the social protection for parents and caregivers by guaranteeing access to decent work and adequate benefits, including unemployment, sickness, maternity, disability, and pensions. Globally, 1.4 billion children aged 0-15 lack any form of social protection,...
India Yamaha Motor recalls 300,000 scooters to rectify brake parts

India Yamaha Motor recalls 300,000 scooters to rectify brake parts

by AIP Online Bureau | Feb 15, 2024 | Indian News

The Japanese two-wheeler maker said it is recalling scooter units manufactured between January 1, 2022, to January 4, 2024, with immediate effect New Delhi: India Yamaha Motor is recalling around 300,000 units of its 125 cc scooter models Ray ZR 125 Fi Hybrid and...
Subramanian Swamy moves Delhi HC seeking probe against Axis Bank-Max Life share deal

Subramanian Swamy moves Delhi HC seeking probe against Axis Bank-Max Life share deal

by AIP Online Bureau | Feb 15, 2024 | Indian News, Life, Regulation

Subramanian Swamy In his petition, Swamy has alleged Axis Bank made undue profits totalling Rs 4,000 crore from the sale and purchase of equity shares of Max Life in a non-transparent manner and in violation of the applicable regulations. New Delhi: BJP leader...
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