by AIP Online Bureau | Oct 18, 2023 | Disaster & Management, Eco/Invest/Demography, Indian News, Non-Life, Policy, Reinsurance
Vivek Joshi, Secretary, Department of Financial Services (DFS), for the first time on Wednesday met General Insurance Council and a few CEOs of private sector general insurance companies in New Delhi, to discuss several critical issues having implications for the...
by AIP Online Bureau | Oct 18, 2023 | Climate, Environment, Renewable Energy, Eco/Invest/Demography, International News, Non-Life, Reinsurance, Risk Management
The volume of carbon credit purchases has quadrupled over the past four years, with the market expected to grow exponentially as corporations make commitments to achieve net zero targets as a priority LONDON: Asta, the leading third-party managing agent at Lloyd’s,...
by AIP Online Bureau | Oct 17, 2023 | International News, Non-Life, Regulation, Technology
“If a person is over a certain age, their insurance policy is gone, their independence is gone,” Mullins said. “Not all individuals age the same way. Now data can tell us that the person is driving safely. That’s aresponsible use of AI.” Mind Foundry Ltd., an...
by AIP Online Bureau | Oct 17, 2023 | Climate, Environment, Renewable Energy, Eco/Invest/Demography, International News, Non-Life, Reinsurance
The global market for parametric insurance is expected to reach $29.3 billion by 2031, analysis from Allied Market Research showed, up from $11.7 billion in 2021 London: UK-based insurance broker Howden said on Tuesday it had created a new unit to focus on climate-...
by AIP Online Bureau | Oct 17, 2023 | Banking & Bancassurance, Climate, Environment, Renewable Energy, Eco/Invest/Demography, International News, Policy, Regulation
Global banking and financial stability organizations are all reviewing reporting and capital frameworks, though none has moved as fast as the EU in setting firm requirements. The Basel Committee on Banking Supervision expects to publish a proposed framework for...
by AIP Online Bureau | Oct 17, 2023 | Eco/Invest/Demography, Indian News, Pension & Social Security, Policy
”Changes in workforce dynamics, employment and family patterns have brought formal sources of retirement to the forefront. While there is improvement in the net pension replacement rate and participation in private pension plans, which is reflected in the value...
by AIP Online Bureau | Oct 17, 2023 | Eco/Invest/Demography, Indian News, Policy
This is not to say that unmarried or non-heterosexual couples cannot be good parents, Justice Bhat said, adding that the State, as the guardian, has to explore all areas and ensure that the benefits reach such children who are in need of stable homes New Delhi: A...
by AIP Online Bureau | Oct 17, 2023 | Eco/Invest/Demography, Indian News, Life, Non-Life, Pension & Social Security, Policy
On April 27, the court asked the Centre whether social welfare benefits such as opening joint bank accounts, nominating a life partner in provident fund, gratuity and pension schemes can be extended to same-sex couples without going into the issue of legal sanction to...
by AIP Online Bureau | Oct 17, 2023 | Banking & Bancassurance, Indian News, Intermediaries, Non-Life
The company’s insurance broking arm has also partnered with 24 insurance companies, while its payments bank division, which relaunched savings account and bill payment services, plans to launch debit cards Bengaluru: India’s Jio Financial Services JFS...
by AIP Online Bureau | Oct 17, 2023 | Indian News, Intermediaries, Non-Life, Technology
In 2022, BimaKavach raised $2 million in a seed round led by WaterBridge Ventures, with participation from Blume Ventures, Arali Ventures, and Eximius Ventures to be utilized for designing new-age business risk covers, investing in proprietary risk management...
