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Cognizant and Max Life launch product development center in Chennai

by AIP Online Bureau | Jul 18, 2023 | Indian News, Life, Technology

. “By harnessing our deep domain expertise and digital transformation capabilities we aim to help Max Life accelerate products to market and meet today’s customer demands for innovative and personalized services,” said Achal Kataria, Vice President and India Country...

Moscow halts grain deal in what UN says is a blow to people in need everywhere

by AIP Online Bureau | Jul 18, 2023 | Eco/Invest/Demography, International News, Non-Life, Reinsurance

Any resumption of shipments without Russia’s blessing would probably depend on insurers. Industry sources told Reuters they were studying whether to freeze their coverage “The (key) question is whether Russia mines the area which would effectively cease...

High-quality sleep helps bolster resilience to depression, anxiety: Study

by AIP Online Bureau | Jul 18, 2023 | Facts, Health

“We found that sleep plays a hugely important role in the management of chronic stress and can sustain well-being over a long period of time, reducing symptoms of depression and anxiety” Dr Scott Cairney, PhD supervisor on the project from the Department of Psychology...

India needs average annual growth of 7.6 pc to become developed nation by 2047: RBI article

by AIP Online Bureau | Jul 17, 2023 | Banking & Bancassurance, Data, Eco/Invest/Demography, Wealth Management/ Philanthropy

It also said that to become a developed country by 2047, India’s per capita GDP needs to rise by 8.8 times from the current level. In other words, the current per capita GDP of USD 2,500 needs to rise to to USD 22,000 Mumbai: India could become a developed country by...

Govt to launch portal for claim submission by depositors of Sahara Group Co-Op Societies

by AIP Online Bureau | Jul 17, 2023 | Eco/Invest/Demography, Indian News, Policy, Regulation

A portal has been developed for submission of legitimate claims by the genuine depositors of the Sahara Group of cooperative societies namely — Sahara Credit Cooperative Society Ltd, Saharayan Universal Multipurpose Society Ltd, Humara India Credit Cooperative Society...

Higher losses during disasters due to abysmally low insurance cover of 8%: SBI Report

by AIP Online Bureau | Jul 17, 2023 | Data, Disaster & Management, Eco/Invest/Demography, Non-Life, Reinsurance, Risk Management

The losses due to the ongoing floods in the north is the range of Rs 10,000-15,000 crore as the calamity has severely hit Himachal Pradesh, Uttarakhand, Punjab, Uttar Pradesh, Rajasthan, J&K and Delhi. Himachal alone would have lost Rs 3,000-4,000 crore by way of...

Cancer care should focus on patients rather than commerce: Lancet Comment

by AIP Online Bureau | Jul 17, 2023 | Eco/Invest/Demography, Facts, Health

According to the Comment, industry’s control of the research agenda has created a system that is predominantly focused on new cancer medicines at the expense of investigating new approaches to surgery, radiotherapy, palliative care, and prevention New Delhi: Cancer...
Global rules leave Crypto firms with no place to hide: G20 Watchdog

Global rules leave Crypto firms with no place to hide: G20 Watchdog

by AIP Online Bureau | Jul 17, 2023 | Eco/Invest/Demography, International News, Risk Management, Wealth Management/ Philanthropy

The European Union has already approved the world’s first comprehensive set of rules for cryptoasset markets, but the FSB’s ‘global baseline’ minimum standards are designed to accommodate jurisdictions that want to go further Globally agreed rules leave crypto firms...

Swiss investor group lawsuit to seek compensation over UBS-Credit Suisse deal

by AIP Online Bureau | Jul 17, 2023 | Eco/Invest/Demography, International News, Non-Life, Risk Management

Hundreds of claims have also been filed by holders of Credit Suisse’s Additional Tier 1 bonds – which were all written down to zero – claiming compensation A group of Credit Suisse AT1 bondholders has also filed a class action suit accusing former executives at the...
Insurers reviewing Black Sea ship cover after Russia suspension

Insurers reviewing Black Sea ship cover after Russia suspension

by AIP Online Bureau | Jul 17, 2023 | Eco/Invest/Demography, International News, Non-Life, Reinsurance

“Annual cover remains in place but voyages to listed areas will be assessed individually as and when seen,” Neil Roberts, head of marine and aviation at Lloyd’s Market Association, which represents the interests of all underwriting businesses in Lloyd’s. Insurers are...
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