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Odisha to spend Rs 2000 crores for disaster resilient infrastructure: CM Naveen Patnaik

by AIP Online Bureau | Oct 30, 2023 | Data, Disaster & Management, Eco/Invest/Demography, Indian News

Moreover, automated weather and rain gauge stations will be set up in every panchayat and the World Bank will provide financial assistance for 3,000 panchayats in this regard, the Chief Secretary said Bhubaneswar: Odisha to spend Rs 2000 Crores for disaster resilient...

Biden signs sweeping executive order regulating artificial intelligence

by AIP Online Bureau | Oct 30, 2023 | Eco/Invest/Demography, Policy, Regulation, Technology

The lengthy executive order, released on Monday, sets new standards on security and privacy protections for AI, with far-reaching impacts on companies. Developers such as Microsoft Corp., Amazon.com Inc and Alphabet Inc.’s Google will be directed to put powerful AI...

Chinese Online Insurer Shouhui considers Hong Kong IPO in 2024

by AIP Online Bureau | Oct 30, 2023 | Eco/Invest/Demography, International News, Non-Life, Technology

Founded in 2015 in Shenzhen, Shouhui Tech offers full service in insurance from online consulting to purchasing and compensation, according to its its website. It acquired an internet hospital license in 2022 which allows it to offer online medical services. Shenzhen...
Insurers to provide details of basic features to customers from Jan 1, 2024

Insurers to provide details of basic features to customers from Jan 1, 2024

by AIP Online Bureau | Oct 30, 2023 | Health, Indian News, Non-Life

Policyholders will also be informed about policy coverage (like hospital expenses), exclusions (what the policy does not cover), waiting period, financial limits of coverage, claims procedure, and details about grievances/complaints redressal mechanism. Hyderabad:...

Market sentiment remains cautious amid West Asia crisis

by AIP Online Bureau | Oct 29, 2023 | Eco/Invest/Demography, Indian News, Technology, Wealth Management/ Philanthropy

Of the total FPI AUM of around $ 652 billion financial services account for $213 billion and IT accounts for $ 64 billion. It is important to note that stock prices in these segments are weak due to FPI selling and not due to any fundamental factors New Delhi: In the...
Participation of women in India’s workforce rose to 37 pc in FY’23: Pradhan

Participation of women in India’s workforce rose to 37 pc in FY’23: Pradhan

by AIP Online Bureau | Oct 29, 2023 | Eco/Invest/Demography, Policy

The rate of unemployment in the country has come down to 3.7 per cent in 2022-23 from 6 per cent in 2017-18, Union Education Minister Dharmendra Pradhan said Bhubaneswar: The participation of women in the country’s workforce increased to 37 per cent in the 2022-23...
Sompo International appoints Chiew as Head of Crisis Management, Commercial P&C Insurance, APAC

Sompo International appoints Chiew as Head of Crisis Management, Commercial P&C Insurance, APAC

by AIP Online Bureau | Oct 29, 2023 | International News, Non-Life, Reinsurance, Risk Management

Pei Ru Chiew, head,Crisis Management, Commercial P&C Insurance in Asia Pacific, Sompo International “As Sompo International continues to pursue its global objectives, a top priority includes deepening our relationships in APAC. We are seeing growing demand for...

Future Generali appoints Akshaya Kashyap as chief people officer

by AIP Online Bureau | Oct 29, 2023 | Briefs, Life

Future Generali India Insurance Company (FGII) has appointed Akshaya Kashyap as its chief People Officer of the organisation, effective October 1, 2023. He has a rich and diverse experience in the Human Resource (HR) domain, spanning over 18 years, with almost a...

Net profit of Mahindra Insurance Brokers zooms 365% to Rs 28.6 cr in Q2

by AIP Online Bureau | Oct 29, 2023 | Intermediaries, Non-Life

Mahindra Insurance Brokers Limited(MIBL) registered income at Rs289 crore in Q2FY24, as against Rs 94 crore during the corresponding quarter last year, a growth of 208% over the same period previous year. The profit after tax (PAT) during Q2FY 2023-24 , registered was...
“Flight problems, baggage and refund issues are major complaints of air passengers”: DGCA

“Flight problems, baggage and refund issues are major complaints of air passengers”: DGCA

by AIP Online Bureau | Oct 29, 2023 | Data, Indian News, Non-Life, Regulation, Risk Management

Consumer Affairs Secretary Rohit Kumar Singh mentioned that the National Consumer Helpline has received about 10,000 complaints related to the airline sector in the last year. The report states further that the maximum number of complaints were received by Indigo (61)...
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