by AIP Online Bureau | Nov 14, 2023 | Health, Indian News, Non-Life
“Yes, we have improved on all key parameters of our operations to earn some profit in the first half the year. Going forward, our efforts will be to sustain profitability. Our primary focus will be profitability and not just the topline growth. We now know the...
by AIP Online Bureau | Nov 14, 2023 | Health, Indian News, Non-Life, Technology
Under the Digital Health Incentive Scheme, to encourage efficiency in insurance claim processing, there is a provision that for every insurance claim transaction through NHCX, financial incentives of Rs 500 per claim or 10% of the claim amount, whichever is lower...
by AIP Online Bureau | Nov 14, 2023 | International News, Non-Life, Reinsurance, Risk Management, Technology
Beazley Plc, which owns specialist insurers across Europe and the US, is exploring a potential $100 million cyber cat bond, according to Artemis, a research firm specializing in insurance-linked securities. And AXIS Capital is preparing to issue a $75 million cyber...
by AIP Online Bureau | Nov 14, 2023 | International News, Non-Life, Reinsurance
Singapore-based BOC Aviation began legal action in November 2022 in Dublin in pursuit of claims against 16 insurers over aircraft the lessor owned that have been stuck in Russia, an Irish High Court filing shows Russian flagship carrier Aeroflot said on Thursday it...
by AIP Online Bureau | Nov 14, 2023 | Climate, Environment, Renewable Energy, Data, Eco/Invest/Demography, Policy
Consumers in fast-growing markets, where Bain found environmental concerns to be highest, including India, were willing to pay a greater premium (between 15 and 20 per cent), compared to markets like the US and the UK New Delhi: Over 60 per cent of businesses surveyed...
by AIP Online Bureau | Nov 14, 2023 | Climate, Environment, Renewable Energy, Eco/Invest/Demography, Features, Policy
Earlier this year, a case of land subsidence was also reported in Joshimath where some residents blamed NTPC’s 520 MW Tapovan-Vishnugad hydroelectric project for the problem. Horrific incidents like the partial collapse of an under construction tunnel on the...
by AIP Online Bureau | Nov 14, 2023 | Indian News, Life, Regulation
The Aviva searches are part of a broader investigation involving many insurers who face allegations of at least $610 million in unpaid dues, a senior Indian government official, said. New Delhi: India’s tax inspectors searched the office of British insurance...
by AIP Online Bureau | Nov 14, 2023 | Banking & Bancassurance, Eco/Invest/Demography, International News, Life, Non-Life, Pension & Social Security, Policy, Reinsurance, Risk Management
The Bank wants to see how market players cope when there are huge demands for liquidity, such as meeting extra margin calls on positions in a short time. London: The Bank of England said on Friday it would start the second leg to its first system-wide stress test of...
by AIP Online Bureau | Nov 14, 2023 | Eco/Invest/Demography, International News, Non-Life, Reinsurance
As a result of the Russian attack, sea freight rates rose $20 a tonne and the number of shipowners willing to load in Ukrainian ports decreased, Spike Brokers, which tracks and publishes export statistics in Ukraine, said on Telegram early on Friday Freight costs for...
by AIP Online Bureau | Nov 14, 2023 | Banking & Bancassurance, Technology
The incident spotlights a danger that bank leaders concede keeps them up at night — the prospect of a cyberattack that could someday cripple a key piece of the financial system’s wiring, setting off a cascade of disruptions. Even brief episodes prompt bank leaders and...
