by AIP Online Bureau | Jan 30, 2024 | Indian News, Non-Life, Reinsurance
Tapan Singhel , MD & CEO, Bajaj Allianz General Insurance The private sector insurer’s combined ratio increased to 102.9 per cent in 03 FY24 from 100.3 per cent in 03 FY23.Excluding the NATCAT impact. combined ratio for 03 FY24 stood at 99.5 per cent.BAGIC’s...
by AIP Online Bureau | Jan 30, 2024 | Data, Eco/Invest/Demography, Policy, Regulation, Risk Management
“Countries with continued high scores, such as New Zealand (3) and Singapore (5), maintain their positions at the top of the index globally, followed closely by other countries with stronger corruption control mechanisms, such as Australia (14), Hong Kong (14),...
by AIP Online Bureau | Jan 30, 2024 | Indian News, Life, Wealth Management/ Philanthropy
Gains in India’s broader equity market have been a boon to LIC, also the country’s largest investor with funds of more than $100 billion. An improved outlook for its premium business and prospects of a higher dividend payout has also spurred interest in the shares,...
by AIP Online Bureau | Jan 30, 2024 | Breaking News!, Health, Indian News, Non-Life, Technology
Vidal Health Insurance TPA Pvt Ltd (VHITPA), services premium of over Rs 5,000 crore, covering 130 million lives. The acquisition now enables Bajaj Finserv Health, a subsidiary of Bajaj Finserv of to offer OPD, wellness, as well as hospitalization benefits to...
by AIP Online Bureau | Jan 30, 2024 | Indian News, Non-Life
Anil Aggarwal, MD & CEO, Shriram General Insurance Company said, “This year, we had a focus shift towards increasing the gross written premium. The company is entering into newer areas like EV (electric vehicles) insurance and developing combo insurance plans. It...
by AIP Online Bureau | Jan 30, 2024 | International News, Non-Life, Reinsurance, Technology
“With HDI-GPT we are for the first time looking to generative AI for the transformation of core insurance processes and for workflow optimisation,” Dr Thomas Kuhnt, Chief Operating Officer at HDI Global SE Hannover: Creating added value through artificial...
by AIP Online Bureau | Jan 30, 2024 | Data, Technology
While 2023’s full-year figures cement Toyota’s dominance, it was China’s BYD Co. that arguably generated the most buzz last year when it surpassed Elon Musk’s Tesla Inc. as the world’s top maker of electric cars. Shenzhen-based BYD, which only sells EVs and plug-in...
by AIP Online Bureau | Jan 30, 2024 | International News, Non-Life, Risk Management, Technology
More than 30 deaths worldwide, including 26 U.S. deaths, and hundreds of injuries in various automakers’ vehicles since 2009 are linked to Takata air bag inflators that can explode, unleashing metal shrapnel inside cars and trucks Washington: Toyota Motor said...
by AIP Online Bureau | Jan 30, 2024 | Indian News, Workplace/Employee Benefits
In their joint letter, dated January 28, the unions also claimed the airline’s approach to extend the Flight Duty Time Limitation (FDTL) for pilots amounts to ”compromising” with safety of the pilots besides violating established regulations New...
by AIP Online Bureau | Jan 30, 2024 | Climate, Environment, Renewable Energy, Eco/Invest/Demography, Indian News, Non-Life
Although India’s fertile plains have seen a chilly winter, a lack of snowfall in the mountainous regions has raised concerns of a sudden, abrupt rise in temperatures. Both minimum and maximum temperatures in northern and north-western states have started to...
