by AIP Online Bureau | Feb 15, 2024 | Eco/Invest/Demography, Indian News, Non-Life, Policy, Regulation
‘It is clarified that as per section 2(28) of the MV Act, vehicles having less than four wheels fitted with an engine capacity exceeding 25cc are also included within the definition of motor vehicles. Hence, ‘motorcycles’ shall fall within the ambit...
by AIP Online Bureau | Feb 15, 2024 | Climate, Environment, Renewable Energy, Disaster & Management, Eco/Invest/Demography, International News, Reinsurance, Risk Management, Technology
These countries are among the most vulnerable to climate change, such as Pakistan, Somalia, and Yemen, which often struggle with limited data resources London: UK based Global flood risk intelligence leader Fathom, which was recently acquired by Swiss Re, has tied up...
by AIP Online Bureau | Feb 15, 2024 | Health, Indian News, Life, Non-Life, Regulation, Technology
No policy in case of life insurance shall be issued unless nomination is obtained, Nomination provisions relating to general, wherever applicable and health insurance policies introduced, Insurance policies meeting the defined criteria to be issued in Electronic form,...
by AIP Online Bureau | Feb 15, 2024 | Eco/Invest/Demography, International News, Policy
“What’s particularly striking is the sluggishness in consumption and capital expenditure that are key pillars of domestic demand,” said Yoshiki Shinke, senior executive economist at Dai-ichi Life Research Institute Tokyo: Japan unexpectedly slips...
by AIP Online Bureau | Feb 14, 2024 | Indian News, Non-Life
The government is yet to decide about the dates for holding interviews for selecting two CMDs, one for United India Insurance and another for New India Assurance and nine EDs for six companies New Delhi: Six PSU general insurers including GIC Re, who are members of...
by AIP Online Bureau | Feb 14, 2024 | Workplace/Employee Benefits
Bajaj Allianz Life insurance organized the fourth edition of #Plankathon in Bengaluru, which was participated by N Sudheer Kumar, Director, Capacity Building & Public Outreach, Indian Space Research Organisation HQ and Bollywood actress Taapsee Pannu. Guinness...
by AIP Online Bureau | Feb 14, 2024 | International News, Non-Life, Technology
EAST BRUNSWICK, N.J/TAMPA, Fla/ BENGALURU: “The Aggne team has a deep and well-established experience in the P&C insurance space. Their unique IP and modular approach to implementations significantly accelerate time-to-market, driving faster business outcomes and...
by AIP Online Bureau | Feb 13, 2024 | International News, Non-Life, Reinsurance
Fairfax said Muddy Waters neither called it nor wrote to it, and instead released the report during its quiet period with its “one-sided, ill-informed allegations and insinuations in a transparent attempt to profit by short selling our stock.” Fairfax Financial on...
by AIP Online Bureau | Feb 13, 2024 | International News, Non-Life, Reinsurance, Technology
“With the accelerating pace of digital transformation in our industry, the formation of the ACORD Global Advisory Council is a timely and significant step towards increasing collaboration and alignment within leading insurance markets around the world. I look forward...
by AIP Online Bureau | Feb 13, 2024 | Eco/Invest/Demography, Health, Indian News, Life, Non-Life, Regulation, Risk Management, Technology
Bima Sugm will officially called as Rashtriya Bima Sugam Nigam Ltd and the shareholding of the company will be widely held amongst Life insurers, General Insurers and health insurers. Starting with a capital of Rs 200 crore, the shareholders, as and when required,...
