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Talent war, rising costs causing Indian employers to rethink benefits strategy: WTW Survey

by AIP Online Bureau | Sep 20, 2023 | Data, Eco/Invest/Demography, Health, Life, Non-Life, Workplace/Employee Benefits

In India, employers see risk and insurance benefits (51 per cent), health benefits (51 per cent) and career, training and development (43 per cent) as the most important benefits in their portfolios ”Economic factors, a tough labour market and tight budgets are...
Liberty General Insurance appoints Parag Ved as CEO Designate

Liberty General Insurance appoints Parag Ved as CEO Designate

by AIP Online Bureau | Sep 20, 2023 | Indian News, Non-Life

Ved was the second official from Tata AIG General to become a CEO of another domestic general insurer after Amit Ganokar,also from Tata AIG General, had joined Chennai based Royal Sundram General Insurance as its MD & CEO a few months back MUMBAI: Liberty General...
Bitcoin logs over 700K transactions in single day after almost 2 years: Data

Bitcoin logs over 700K transactions in single day after almost 2 years: Data

by AIP Online Bureau | Sep 20, 2023 | Eco/Invest/Demography, Technology, Wealth Management/ Philanthropy

According to the data from Bitinforcharts, the number of daily active addresses reached a multi-month high on September 15, rising from 754,000 two years ago to a whopping 1.08 million San Francisco: Bitcoin has witnessed an extraordinary surge in transaction volume...
Household net financial savings at 47-year low in FY23

Household net financial savings at 47-year low in FY23

by AIP Online Bureau | Sep 20, 2023 | Eco/Invest/Demography, Indian News, Wealth Management/ Philanthropy

According to the Reserve Bank of India (RBI), household net financial savings (HHNFS) collapsed to just 5.1 per cent of GDP in FY23, marking the lowest level in 47 years since FY77, the report said New Delhi: Household financial borrowings in FY23 surged to 5.8 per...
Equity investors lose Rs 2.89 lakh crore in two days of market fall

Equity investors lose Rs 2.89 lakh crore in two days of market fall

by AIP Online Bureau | Sep 20, 2023 | Eco/Invest/Demography, Indian News, Policy, Wealth Management/ Philanthropy

”The domestic markets remained under pressure due to rising US bond yields and a stronger greenback. Concerns reigned over upcoming Fed policy, interest rate trajectory and rising oil prices. Bank Nifty underperformed today due to rising cost of funds and...

UK watchdog sets three-month deadline to improve car insurance

by AIP Online Bureau | Sep 20, 2023 | Eco/Invest/Demography, International News, Non-Life, Reinsurance

The Financial Conduct Authority (FCA) said on Wednesday it had asked insurers to check if their products offer value for money, a requirement reinforced by the watchdog’s tougher general “consumer duty” rule that came into force in July London:...
Kerala to conduct surveillance study on Nipah virus: CM Pinarayi Vijayan

Kerala to conduct surveillance study on Nipah virus: CM Pinarayi Vijayan

by AIP Online Bureau | Sep 20, 2023 | Eco/Invest/Demography, Health, Indian News

“It cannot be said that the Nipah threat has gone away. It is a relief that the disease has not spread to more people. The government is going ahead with effective measures to prevent the spread and ensure better treatment for those infected. The entire health...

Miller expands reinsurance offering with establishment of new APAC treaty team

by AIP Online Bureau | Sep 20, 2023 | Intermediaries, International News, Non-Life, Reinsurance

Ron Whyte, Head of Miller Asia, said: “APAC is a central pillar of Miller’s international growth strategy and a market in which we see clear long-term opportunities. We want to establish meaningful and value-add reinsurance capabilities in the region and establishing...

India can avert 4.6 mn deaths by 2040 with better hypertension control: WHO

by AIP Online Bureau | Sep 20, 2023 | Data, Eco/Invest/Demography, Health, Non-Life, Risk Management

Uncontrolled hypertension is known to cause heart attack, stroke and premature death. In fact, the report showed that 52 per cent deaths in the country due to cardiovascular diseases such as heart attack can be attributed to elevated blood pressure New Delhi: Better...
New India to integrate with ONDC soon, targets digital footprint increase by 10 to 15% annually: Kapur

New India to integrate with ONDC soon, targets digital footprint increase by 10 to 15% annually: Kapur

by AIP Online Bureau | Sep 20, 2023 | Indian News, Non-Life, Technology

Neerja Kapur, CMD, New India Assurance “The insurer is taking lot of digital initiatives and is deploying artificial intelligence for doing motor Own Damage( OD) claim surveys up to Rs. 50,000. This is currently in the pilot phase. It will be rolled out to all...
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