by AIP Online Bureau | Aug 25, 2023 | Eco/Invest/Demography, Health, Indian News, Non-Life
insurers are limiting the coverage to those with benchmark disabilities in contravention of the legal framework. Even their websites, apps, and claims processes do not adhere to the accessibility standards mandated by the RPWD Act of 2016. A panel meeting of the...
by AIP Online Bureau | Aug 25, 2023 | Briefs, Eco/Invest/Demography, Non-Life, Reinsurance
As the ongoing floods in Himachal Pradesh have caused widespread loss to property(homes and businesses) and infrastructure, the IRDAI on Friday asked general insurers and standalone health insurance companies to mobilise all resources to ensure that all claims are...
by AIP Online Bureau | Aug 25, 2023 | Banking & Bancassurance, Briefs, Life
Life Insurance Corporation(LIC) has tied-up with Saraswat Cooperative Bank, a scheduled bank headquartered at Mumbai, to distribute its products. The bank has a vast network of 294 branches spread over six states and is catering to over 2 million customers. It has...
by AIP Online Bureau | Aug 25, 2023 | Eco/Invest/Demography, International News, Regulation, Risk Management, Technology
People in the 27-nation European Union can alter some of what shows up when they search, scroll and share on the biggest social media platforms like TikTok, Instagram and Facebook and other tech giants like Google and Amazon.That’s because Big Tech companies,...
by AIP Online Bureau | Aug 25, 2023 | Facts, Risk Management, Technology
“Autonomous driving systems are on track to become the predominant mode of transportation in the future. However, these systems are susceptible to software bugs, which can potentially result in severe injuries or even fatalities for both pedestrians and...
by AIP Online Bureau | Aug 25, 2023 | Health, Indian News, Policy
The regulations made it mandatory for doctors to prescribe only generic drugs and barred them from accepting gifts from pharma companies or endorsing any drug brands New Delhi: The newly-notified Registered Medical Practitioner (Professional Conduct) Regulations,...
by AIP Online Bureau | Aug 25, 2023 | Eco/Invest/Demography, International News, Non-Life, Pandemic
It appears that current tests and medications remain effective against BA.2.86, although the variant may be more capable of causing infection in vaccinated people and those who have had COVID previously, the assessment said. There is no evidence yet that it is causing...
by AIP Online Bureau | Aug 24, 2023 | Disaster & Management, Eco/Invest/Demography, International News, Non-Life, Reinsurance
Natural catastrophe business has become largely loss-making in recent years as prices have failed to keep pace with increasingly frequent, severe and volatile weather-related losses due to climate change. This has reduced reinsurers’ appetite to provide natural...
by AIP Online Bureau | Aug 24, 2023 | Banking & Bancassurance, Data, Eco/Invest/Demography
Given the inherent nature of the MFI asset class, these lenders are prone to event-based risks such as political, geographical uncertainties and are susceptible to natural calamities, Care Ratings said After a gap of four years, standalone MFIs overtook banks in...
by AIP Online Bureau | Aug 24, 2023 | Facts, Workplace/Employee Benefits
Over 67 per cent of employees said their employer was responsible for their wellbeing while they were at work, the report said. Some factors like inclusivity, acceptance, respectful interactions, and the presence of supportive managers improve the wellbeing at a...
