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Healthcare providers to join US plan to manage AI risks – White House

by AIP Online Bureau | Dec 15, 2023 | Eco/Invest/Demography, Health, Policy, Regulation, Risk Management, Technology, Workplace/Employee Benefits

Companies that sign the commitments pledge to develop AI uses responsibly, including solutions that advance health equity, expand access to care, make care affordable, coordinate care to improve outcomes, reduce clinician burnout and otherwise improve the experience...

Millions of people in China dropping out of state health insurance: VOA Report

by AIP Online Bureau | Dec 15, 2023 | Eco/Invest/Demography, Health, International News, Policy, Regulation

As per statistics released by China’s National Healthcare Security Administration, in 2022, China had 1.34 billion people enrolled in state-subsidized basic health insurance but that was 17.05 million fewer than in 2021 An associate professor at Central China...
Investors richer by Rs 2 lakh cr as Sensex scales 71,000-peak

Investors richer by Rs 2 lakh cr as Sensex scales 71,000-peak

by AIP Online Bureau | Dec 15, 2023 | Eco/Invest/Demography, Indian News, Policy, Wealth Management/ Philanthropy

Optimistic trends in global markets after the US Federal Reserve kept its key interest rate unchanged and signalled rate cuts next year along with continuous foreign fund inflows have been fuelling the rally in stocks Foreign Institutional Investors (FIIs) bought...
Decision on old pension scheme to be taken in next budget session: Maharashtra CM in assembly

Decision on old pension scheme to be taken in next budget session: Maharashtra CM in assembly

by AIP Online Bureau | Dec 15, 2023 | Eco/Invest/Demography, Indian News, Pension & Social Security, Policy

Maharashtra Chief Minister Eknath Shinde ”The state government is positive towards the demand of the state employees who went on strike today on reviving Old pension Scheme(OPS). We need some time to study the Subodh Kumar committee’s recommendations....
US regulators add artificial intelligence to potential financial system risks

US regulators add artificial intelligence to potential financial system risks

by AIP Online Bureau | Dec 15, 2023 | Eco/Invest/Demography, International News, Policy, Regulation, Risk Management, Technology

Janet Yellen,Treasury Secretary ,US The Financial Stability Oversight Council, which comprises top financial regulators and is chaired by Treasury Secretary Janet Yellen, flagged the risks posed by AI for the first time in its annual financial stability report It also...
Irdai to collect larger socio-economy data to push insurance penetration: Member

Irdai to collect larger socio-economy data to push insurance penetration: Member

by AIP Online Bureau | Dec 15, 2023 | Eco/Invest/Demography, Health, Indian News, Life, Policy, Regulation, Technology

B C Patnaik, Member (Life) The rising customer expectations requires the insurers to work towards shorter processing time, doorstep delivery, niche and customized products to ensure more and more customer engagement,Tablesh Pandey, managing director, Life Insurance...
Swiss Re acquires Fathom, a leader in water risk intelligence

Swiss Re acquires Fathom, a leader in water risk intelligence

by AIP Online Bureau | Dec 14, 2023 | International News, Non-Life, Reinsurance, Risk Management

Russell Higginbotham, CEO of Swiss Re Reinsurance Solutions, said: “We are very pleased to join forces with Fathom in our quest to narrow the protection gap for natural catastrophe risks, such as floods. Fathom’s market-leading research and innovative...
Modi seeks to revive hinterland finance hub with new sweeteners

Modi seeks to revive hinterland finance hub with new sweeteners

by AIP Online Bureau | Dec 14, 2023 | Eco/Invest/Demography, Indian News, Wealth Management/ Philanthropy

New rules that will likely take effect in April next year will allow direct equity listing of Indian firms at GIFT City – those that aren’t already listed at exchanges in India – K Rajaraman, chairperson, International Financial Services Regulatory Authority (IFSCA),...
Irdai chief stresses spreading of natural calamity covers in high-risk regions

Irdai chief stresses spreading of natural calamity covers in high-risk regions

by AIP Online Bureau | Dec 14, 2023 | Disaster & Management, Eco/Invest/Demography, Indian News, Life, Non-Life, Regulation, Risk Management

Debasish Panda, Chairman,Irdai, is addressing an international seminar on “Enhancing Insurance Inclusivity & Bridging the Protection Gap in India’ organised by National Insurance Academy in Mumbai Releasing the report, Irdai Chairman Debasish Panda said...
Most life insurance companies buck rallying market trend on new norms on surrender value of policies

Most life insurance companies buck rallying market trend on new norms on surrender value of policies

by AIP Online Bureau | Dec 14, 2023 | Eco/Invest/Demography, Indian News, Regulation

According to a draft released Wednesday, the Insurance Regulatory and Development Authority has proposed a much higher surrender value on non-par insurance products and made a few changes in the way surrender charges have been calculated. Now, there will be a premium...
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