by AIP Online Bureau | Nov 2, 2023 | Eco/Invest/Demography, Indian News, Non-Life
·Zurich will acquire an additional stake of up to 19% over time. It is anticipated that this transaction will represent the largest foreign insurer investment in the Indian insurance sector since the regulatory changes allowing majority foreign ownership came into...
by AIP Online Bureau | Nov 1, 2023 | Data, Eco/Invest/Demography
”Companies across industries are still closely monitoring their cost structures. Within the IT sector, a noticeable correction is expected with salary increments reducing from approximately 11 to 12 per cent in the past to a projected 10 per cent for...
by AIP Online Bureau | Nov 1, 2023 | Banking & Bancassurance, Indian News, Life, Regulation
The registration will enable India First Life to expand its reach globally, the company said in a statement. Mumbai: India First Life Insurance on Wednesday said it has received the registration to undertake life insurance business in the Gujarat International Finance...
by AIP Online Bureau | Nov 1, 2023 | Health, Indian News, Non-Life, Policy, Technology
She mentioned that it is leading to improved population coverage, reduced out-of-pocket expenditure, mitigation of risk factors and decongestion of higher level of facilities, thus improving quality of care at all levels New Delhi: Investment in Primary Health Care...
by AIP Online Bureau | Oct 31, 2023 | Eco/Invest/Demography, International News, Risk Management, Technology
Artificial intelligence can provide lots of benefits of society, “but obviously we need to have very clear rules that these benefits are not being abused,” Thomas Buberl, chief executive officer of Paris-based AXA, said during an interview while visiting the campus of...
by AIP Online Bureau | Oct 31, 2023 | Features, Non-Life, Reinsurance, Risk Management
More than half the current fleet of FPSOs are recycled oil tankers, according to Oslo-based Rystad Energy, which keeps data on the ships. Senior analyst Edvard Christoffersen said that without a major repair, most oil ships have hulls built to last about 25 years. But...
by AIP Online Bureau | Oct 31, 2023 | Workplace/Employee Benefits
Anand Roy, MD and CEO of Star Health and Allied Insurance, said, “We’ve witnessed strong growth in the second quarter of FY23-24 in line with our strategy, resulting in a 17 per cent increase in our Gross Written Premium (GWP). We saw increased demand in...
by AIP Online Bureau | Oct 31, 2023 | Eco/Invest/Demography, Features, Health, Regulation, Technology
Many functions inside small and large companies have already been delegated to AI in part, including financial operations, human resources and network management, to name just three. AIs can now perform many tasks as well as humans do. For example, AIs can read...
by AIP Online Bureau | Oct 31, 2023 | Data, Technology
”The hardware-based security features of devices with newer Apple chips significantly bolster their resilience against cyber attacks. But they are not invulnerable. Operation Triangulation serves as a reminder to exercise caution when handling iMessage...
by AIP Online Bureau | Oct 31, 2023 | Eco/Invest/Demography, Indian News, Non-Life, Reinsurance
The report titled ‘Road accidents in India — 2022’ said this marks an 11.9 per cent year-on-year rise in accidents and a 9.4 per cent increase in fatalities. There was a 15.3 per cent surge in the number of people getting injured in 2022. New Delhi:...
