by AIP Online Bureau | Oct 19, 2023 | Health, Indian News, Non-Life, Regulation, Reinsurance, Technology
Insurers have been advised to settle claim payments/on account payments at the earliest and also encourage policyholders to use electronic communication wherever possible for correspondence Hyderabad: In a bid to expedite general insurance claims in Sikkim, which has...
by AIP Online Bureau | Oct 19, 2023 | Eco/Invest/Demography, Facts, Health, Indian News, Pension & Social Security, Technology
India’s low position is due to poor results in all four dimensions, primarily because of its digital and physical infrastructure (77) and social safety (74) New Delhi: India ranks 64th among the 108 countries for remote work — 15 places lower compared to last...
by AIP Online Bureau | Oct 18, 2023 | Indian News, Non-Life
The company had managed to bring down its combined ratio to 103.90 per cent during the reporting quarter as compared to 105.10 per cent in the year-ago period.The insurer’s underwriting losses have fallen marginally to Rs 145 crore during the quarter over Rs152...
by AIP Online Bureau | Oct 18, 2023 | Climate, Environment, Renewable Energy, Eco/Invest/Demography, International News
Brazil’s Science Ministry blames the drought on this year’s onset of the El Nino climate phenomenon, which is driving extreme weather patterns globally. In a statement earlier this month, the ministry said it expects the drought will last until at least...
by AIP Online Bureau | Oct 18, 2023 | Indian News, Life
The assets under management of the company grew by 11.3 per cent from Rs 2,44,279 crore as on September 30 last year to Rs 2,71,903 crore as on September 30, 2023 Mumbai: ICICI Prudential Life Insurance Company on Tuesday reported a 23 per cent increase in its net...
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...
