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Mutual fund SIPs touch record high in Aug, RBI’s CRR move impacts debt AUMs: AMFI

by AIP Online Bureau | Sep 11, 2023 | Data, Policy, Regulation, Wealth Management/ Philanthropy

The overall AUM for retail investors’ bets on equity and hybrid schemes was at Rs 24.38 lakh crore across 12.30 crore portfolios as at end-August Mutual fund SIPs touch record high in Aug, RBI’s CRR move impacts debt AUMs: AMFIInvestors poured in a record...
Protection Gap: a meager 6% of Indian insureds have sufficient insurance coverage, SBI Life Study

Protection Gap: a meager 6% of Indian insureds have sufficient insurance coverage, SBI Life Study

by AIP Online Bureau | Sep 11, 2023 | Articles, Health, Life

“It’s a matter of great concern that 80% of consumers acknowledge insurance’s pivotal role in financial security, yet a staggering 94% remain inadequately covered. This stark contrast between perception and reality drives our mission’s...

Howden Tiger and Conning release research on the rise of asset-light insurance structures

by AIP Online Bureau | Sep 11, 2023 | Intermediaries, International News, Non-Life, Reinsurance

David Flandro, Head of Industry Analysis and Strategic Advisory, Howden Tiger said, “The numbers are revealing; premiums underwritten by non-affiliated US MGAs have more than doubled since 2018, rising to $33 billion in 2022. It is evident that asset-light structures...
Implementation of digital technology changed dynamics of healthcare delivery: Mansukh Mandaviya

Implementation of digital technology changed dynamics of healthcare delivery: Mansukh Mandaviya

by AIP Online Bureau | Sep 11, 2023 | Eco/Invest/Demography, Health, Indian News, Non-Life, Policy, Technology

Union Health Minister Mansukh Mandaviya Through National Digital Health Mission, we are opening the Ayushman Bharat Health Account (ABHA) account, and by checking their account, they can check their health record. Their health history will be there in that...

UK to provide USD 2 billion to Green Climate Fund

by AIP Online Bureau | Sep 11, 2023 | Climate, Environment, Renewable Energy, Eco/Invest/Demography, International News

‘The UK is stepping up and delivering on our climate commitments, both by decarbonising our own economy and supporting the world’s most vulnerable to deal with the impact of climate change,” Sunak said, addressing the G20 leaders. New Delhi: The UK...

Morocco survivors seek aid as earthquake toll passes 2,100

by AIP Online Bureau | Sep 10, 2023 | Disaster & Management, Eco/Invest/Demography, International News, Non-Life, Reinsurance

The government said on Sunday it has set up a fund for those affected by the earthquake. Survivors of Morocco’s deadliest earthquake in more than six decades struggled to find food, water and shelter on Sunday as the search for the missing continued in remote...

G20 Delhi Declaration calls for implementing ‘One Health’ approach

by AIP Online Bureau | Sep 10, 2023 | Climate, Environment, Renewable Energy, Eco/Invest/Demography, Health, Non-Life, Policy

“Promote the One Health-based approach driven by the Quadripartite One Health Joint Plan of Action (2022-2026). Enhance the resilience of health systems and support development of climate- resilient and low-carbon health systems in collaboration with MDBs, and...

In a first, PSU general insurers’ market share below a third of industry

by AIP Online Bureau | Sep 10, 2023 | Indian News, Non-Life

Public sector insurers saw their premium income fall by 1 per cent to Rs 34,203 crore during the first five months of the current fiscal. As a result, their market share plunged to less than a third at 32.5 per cent from 33.4 per cent, while premium income slipped...

IMF, World Bank to step up cooperation on climate, debt, digital transition

by AIP Online Bureau | Sep 8, 2023 | Climate, Environment, Renewable Energy, Eco/Invest/Demography, Policy

The joint IMF-World Bank statement said the two institutions would collaborate on climate change on a “more structured and institutionalized footing. IMF, World Bank to step up cooperation on climate, debt, digital transitionThe International Monetary Fund and...

“Our nation has achieved 80pc financial inclusion”: Amit Shah cites World Bank report

by AIP Online Bureau | Sep 8, 2023 | Banking & Bancassurance, Eco/Invest/Demography, Indian News, Policy, Technology

World Bank said JAM (Jan Dhan, Aadhar, Mobile) trinity – a combination of bank accounts for all, Aadhaar, and mobile connectivity — has propelled financial inclusion rate from 25 per cent in 2008 to over 80 per cent of adults in past six years, a journey which...
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