by AIP Online Bureau | Feb 26, 2024 | Indian News, Life, Regulation, Technology
Karni Singh Arha, managing director, BFHL, said, “ Given Bandhan’s focus of making formal financial services available to masses, this acquisition further enhances that endeavour Mumbai: Aegon Life, a digital life insurance company, today announced the transfer of the...
by AIP Online Bureau | Feb 26, 2024 | Articles, Life, Non-Life, Regulation
It is important to note that IFRS 17 or Ind AS 117 do not alter the fundamentals of business. Good underwriting, expense efficiencies, good risk management and customer satisfaction will remain the core of business. The expected aim of the standard is to bring in more...
by AIP Online Bureau | Feb 26, 2024 | Articles, Eco/Invest/Demography, Intermediaries, Non-Life, Reinsurance, Risk Management, Technology
Cyber insurance premium costs have increased by over 50% over the past year. Several factors have contributed to the considerable increase in cyber insurance premium in India. This include the surge, sophistication and severity of cyber-attacks that have significantly...
by AIP Online Bureau | Feb 26, 2024 | Briefs, Non-Life, Risk Management, Technology
ACKO has introduced Extended Battery Warranty plan tailored specifically for removable batteries for Electric Vehicles (EVs). The plan is available with the VIDA V1, the first EV launched under the emerging mobility brand VIDA, from Hero MotoCorp. The plan covers the...
by AIP Online Bureau | Feb 26, 2024 | Climate, Environment, Renewable Energy, Eco/Invest/Demography, Health, Policy
“All the cities (53) should disclose the contribution by each polluting source in terms of identified pollutant as per source apportionment and progressive reduction on account of measures taken,” the tribunal said, adding that a complete report” has to be submitted...
by AIP Online Bureau | Feb 26, 2024 | Eco/Invest/Demography, Indian News, Policy
”This long-awaited consumer expenditure survey has brought out many things. With data on household consumption, we can assess what is the status of poverty in the country and how successful the poverty alleviation measures have been.’The survey findings...
by AIP Online Bureau | Feb 26, 2024 | Indian News, Non-Life, Regulation, Reinsurance
The action of Malaysian re/insurance broker Confinance in reinsurance transaction caused inconvenience to TATA-AIG in India which could have potential loss to the insurer and to policyholders. It is considered view that the action of Confinance is deliberate and...
by AIP Online Bureau | Feb 25, 2024 | Data, Eco/Invest/Demography
Household Consumption Expenditure Survey estimates average rural consumer spending rose to Rs 3,773 ($45.54) a month per person for the 12 months through July from Rs 1,430 in the previous survey in 2011-2012, while urban spending rose to Rs 6,459 ($77.95) from Rs...
by AIP Online Bureau | Feb 25, 2024 | Eco/Invest/Demography, International News, Policy, Regulation, Risk Management
Scope 3 emissions, proposed to be withdrawn, account for greenhouse gases, such as carbon dioxide, released in the atmosphere from a company’s supply chain and the consumption of its products by customers. For most businesses, Scope 3 emissions represent more than 70%...
by AIP Online Bureau | Feb 25, 2024 | Eco/Invest/Demography, International News, Wealth Management/ Philanthropy
Allianz, one of the world’s largest financial services companies with €2.16 trillion ($2.33 trillion) in assets under management, joins a growing number of global firms building their focus on the wealth sector Allianz SE is making a strategic investment in money...
