by AIP Online Bureau | Aug 11, 2023 | Indian News, Non-Life, Reinsurance
Neerja Kapur, CMD, NIA “The company continues to focus on improving the business mix by shedding businesses where premiums are inadequate and may impact its bottom line. The company maintained its market leadership in India with a market share of 16.2 per...
by AIP Online Bureau | Aug 11, 2023 | Eco/Invest/Demography, International News, Non-Life, Reinsurance
Shipping and insurance sources familiar with Ukraine said they were not informed about the new corridor and there were questions over its viability. It was unlikely most ships would agree to sail at the moment, they said Ukraine announced a “humanitarian corridor” in...
by AIP Online Bureau | Aug 11, 2023 | Eco/Invest/Demography, Features, Technology, Workplace/Employee Benefits
Companies worldwide are considering how to best make use of ChatGPT, a chatbot programme that uses generative AI to hold conversations with users and answer myriad prompts. Security firms and companies have raised concerns, however, that it could result in...
by AIP Online Bureau | Aug 11, 2023 | Articles, Eco/Invest/Demography, Technology
Joyce Chan, Partner at Clyde & Co in Hong Kong, said: “Private equity firms are looking at investing in some of the Asia tech players around the region, at all stages of development, with prospective capital providers fairly evenly split between international PE...
by AIP Online Bureau | Aug 11, 2023 | Eco/Invest/Demography, Indian News, Life, Regulation
“The State Level Insurance Committee should ideally formulate a short term and medium term plan so that a more dedicated and synergized approach is followed within state for insurance awareness. PMJJBY is a measurable product and IRDAI can support the initiative by...
by AIP Online Bureau | Aug 10, 2023 | Indian News, Non-Life, Reinsurance
Devesh Srivastava, CMD, GIC Re “Profit is the only embedded principle of all our business. We will not do any business that is not adding to our bottom line. We have restructured our entire organisation and manpower in recent years to deliver on results,”...
by AIP Online Bureau | Aug 10, 2023 | Climate, Environment, Renewable Energy, Eco/Invest/Demography, International News, Non-Life
Mario Greco, who led his firm out of the Net-Zero Insurance Alliance earlier this year amid a wider exodus from the group, said the decision followed a realization that, as things stand now, the goal of limiting temperature rises to 1.5C as enshrined in the Paris...
by AIP Online Bureau | Aug 10, 2023 | Breaking News!, Eco/Invest/Demography, Intermediaries, Non-Life, Reinsurance, Risk Management
“Availability of cover for Taiwan has got tighter,” said Crispin Hodges, head of trade and political risk with insurer Canopius, “We’ve been tightening up the wording to ensure that the policies reflect the underlying risk that we want to insure and there aren’t any...
by AIP Online Bureau | Aug 10, 2023 | Indian News, Life
Siddarth Mohanty, chairman, LIC “Our premium has fallen in Q1 as our ticket size of the policy has gone up. We would like to grow our bottomline but would ensure that our top line growth is maintained at better than the industry’s growth rate so that our...
by AIP Online Bureau | Aug 10, 2023 | Eco/Invest/Demography, Indian News, Policy, Regulation
”Celebrities, influencers and virtual influencers presenting themselves as health experts or medical practitioners, when sharing information, promoting products or services or making any health-related claims, must provide clear disclaimers, ensuring the...
