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Govt formulating action plan to compensate victims of cyber financial frauds

Govt formulating action plan to compensate victims of cyber financial frauds

by AIP Online Bureau | Feb 9, 2024 | Banking & Bancassurance, Eco/Invest/Demography, Indian News, Policy, Regulation, Risk Management, Technology

Vivek Joshi, Secretary, Department of Financial Services Also discussed was the issue of integration of Citizen Financial Cyber Fraud Reporting and Management System platform with National Cybercrime Reporting Portal with the aim to centralise the platform that will...
Govt and ADB sign $200 million loan to tackle flood and erosion risk along Brahmaputra river

Govt and ADB sign $200 million loan to tackle flood and erosion risk along Brahmaputra river

by AIP Online Bureau | Feb 9, 2024 | Disaster & Management, Eco/Invest/Demography, Indian News, Non-Life, Policy, Reinsurance

“Through the project, ADB continues to pursue its cost-effective, adaptive, and systematic river stabilisation approach to managing the Brahmaputra river. While deploying riverbank protection technology, ADB will also continue to build the capacity of state agencies...
New India’s net profit at Rs 713 crore in Q3FY24 despite large Nat Cat losses

New India’s net profit at Rs 713 crore in Q3FY24 despite large Nat Cat losses

by AIP Online Bureau | Feb 9, 2024 | Health, Indian News, Non-Life, Reinsurance

“FY24 continues to be a challenging year for the company. In the third quarter, the country witnessed catastrophic events like cyclone Michaung and floods in South India, Sikkim West Bengal. The net impact of these events on the company’s third-quarter...
The Agent Advantage: Fulfilling Financial Goals

The Agent Advantage: Fulfilling Financial Goals

by AIP Online Bureau | Feb 9, 2024 | Articles, Life, Risk Management, Technology

Sameer Joshi, Chief Agency Officer, Bajaj Allianz Life Insurance In this digital age, where information is at our fingertips, why should one buy life insurance from agents? As we embark on a new year filled with promises, resolutions, and aspirations, we often have a...
Govt, exporters, shippers discuss Red Sea crisis; commerce ministry asks FIEO to share specific issues

Govt, exporters, shippers discuss Red Sea crisis; commerce ministry asks FIEO to share specific issues

by AIP Online Bureau | Feb 9, 2024 | Eco/Invest/Demography, Indian News, Non-Life, Reinsurance, Risk Management

The exporting community has urged the commerce ministry to intervene in freight rates as the shippers are charging huge amounts.High freight rates are impacting the exporting community. We are at dis-advantageous position as compared to countries which are not getting...

Climate change drives world to first 12-month spell over 1.5C

by AIP Online Bureau | Feb 8, 2024 | Climate, Environment, Renewable Energy, Disaster & Management, Eco/Invest/Demography, International News, Policy, Risk Management

Already 2023 was the planet’s hottest year in global records going back to 1850, as human-caused climate change and El Nino, the weather pattern that warms the surface waters in the eastern Pacific Ocean, pushed temperatures higher “We are heading towards...
LIC becomes fifth most valuable firm as stocks soar, GIC Re and New India hit record high

LIC becomes fifth most valuable firm as stocks soar, GIC Re and New India hit record high

by AIP Online Bureau | Feb 8, 2024 | Indian News, Life, Wealth Management/ Philanthropy

The company’s market valuation went up by Rs 38,740.62 crore to Rs 6,99,702.87 crore. With this, the company became the fifth most valued firm by market capitalisation (mcap), beating ICICI Bank Mumbai: Though the sock market slided on Thursday , shares of Life...

Par panel asks ministries to work on mechanism to check virtual accounts misuse

by AIP Online Bureau | Feb 8, 2024 | Indian News, Regulation, Risk Management, Technology

The panel said that while being briefed about the various modes of cyber frauds, the MHA representatives submitted that a virtual account was one such issue that fraudsters were using for committing frauds. It was further submitted that these virtual accounts were...
Fosun said to revive sale of Hong Kong’s $1 billion Peak Re

Fosun said to revive sale of Hong Kong’s $1 billion Peak Re

by AIP Online Bureau | Feb 8, 2024 | International News, Reinsurance

Founded in 2012, Peak Re focuses on insurance including property and casualty, and life and health, its website shows. It has more than 580 clients across 60 markets in Asia Pacific, Europe, the Middle East, Africa and the Americas. Fosun International Ltd. has...
LIC net surges almost 50% to Rs 9,444 crore in Q3 FY23-24

LIC net surges almost 50% to Rs 9,444 crore in Q3 FY23-24

by AIP Online Bureau | Feb 8, 2024 | Indian News, Life

“Our consistent and focused approach towards diversifying and changing our product mix is now yielding results at a faster pace. ” Chairperson Siddhartha Mohanty, said Mumbai: Life Insurance Corporation of India reported a nearly 50% rise in third-quarter...
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