by AIP Online Bureau | Dec 27, 2023 | Eco/Invest/Demography, Health, Indian News, Non-Life
The public sector insurers’ underwriting losses, with OIC’s largest losses of Rs 7,500 crore, constituted 77 per cent of non-life industry losses amounting to Rs 25,317 crore and remaining by private sector insurers amounting to Rs 8,699 crore, said...
by AIP Online Bureau | Dec 27, 2023 | Eco/Invest/Demography, Health, Indian News
The report stated that arsenic was detected in groundwater in parts of 230 districts across 25 states while fluoride was found in some pockets of 469 districts in 27 states, the tribunal noted in a recent order New Delhi: The National Green Tribunal has issued notices...
by AIP Online Bureau | Dec 27, 2023 | Indian News, Life, Regulation
During 2022-23, the life insurance industry recorded premium income of Rs 7.83 lakh crore registering 12.98 per cent growth De-growth of 2.21 per cent in the number of new policies issued Benefits paid on account of surrenders /withdrawals increased by 25.62 per cent...
by AIP Online Bureau | Dec 27, 2023 | Eco/Invest/Demography, Indian News, Life, Non-Life, Regulation
The country’s insurance penetration has fallen as the insurance penetration of domestic life insurance sector is reduced from 3.2 per cent in 2021-22 to 3 per cent in 2022-23 and the same for non-life Insurance sector remained at 1 per cent in both these years, said...
by AIP Online Bureau | Dec 27, 2023 | Indian News, Life
Many insurers have set up operations in the GIFT City. HDFC Life International, India First Life and Tata AIA Life have already ventured into the City while SUD Life, ICICI Pru Life Insurance, Care Health and Star Health Insurance have sought licenses to operate from...
by AIP Online Bureau | Dec 26, 2023 | Eco/Invest/Demography, Indian News, Policy, Regulation, Risk Management, Technology
“A formal advisory has been issued incorporating the ‘agreed to’ procedures to ensure that users on these platforms do not violate the prohibited content in Rule 3(1)(b),” Minister of State for Electronics and IT, Rajeev Chandradekhar said New Delhi: The...
by AIP Online Bureau | Dec 26, 2023 | Climate, Environment, Renewable Energy, Eco/Invest/Demography, International News, Policy, Risk Management, Technology
The problems are expected to intensify in 2024, when many of the 1.2 million EVs sold in Europe in 2021 will come off their three-year leasing contracts and enter the second-hand market. How companies tackle this problem will be key for their bottom lines, consumer...
by AIP Online Bureau | Dec 26, 2023 | Eco/Invest/Demography, International News, Non-Life, Reinsurance, Risk Management
The world’s top shipping firms, including Maersk and Hapag Lloyds, stopped transiting the Red Sea after Yemen’s Houthi militant group starting targeting vessels earlier in December, disrupting global trade through the Suez Canal Germany’s Hapag-Lloyd...
by AIP Online Bureau | Dec 26, 2023 | Eco/Invest/Demography, Indian News, Policy, Risk Management
“The Indian government has taken the drone attack on MV Chem Pluto and attack on MV Sai Baba in the Red Sea seriously. We will find those who executed the recent attacks on merchant navy ships even from the depths of the seas and take strict action against...
by AIP Online Bureau | Dec 26, 2023 | Data, Disaster & Management, Eco/Invest/Demography
The study estimates that 6 to 12 per cent of the global population is exposed to tropical cyclones each year, with a large portion of exposure occurring at lower wind velocities The number of people globally impacted by tropical cyclones has nearly doubled from 2002...
