by AIP Online Bureau | Jul 11, 2023 | Briefs, Regulation
The Goods and Services Tax Council after its 50th meet in New Delhi on Tuesday has agreed to exempt GST on import of cancer drug Dinutuximab, and Food for Special Medical Purposes (FSMP) used in the treatment of rare diseases. Currently, the drug attracts a 12%...
by AIP Online Bureau | Jul 11, 2023 | Disaster & Management, Eco/Invest/Demography, Indian News, Non-Life
Northwest India saw incessant rainfall during the last three days, with many areas in Jammu and Kashmir, Uttarakhand, Himachal Pradesh, Haryana, Uttar Pradesh and Rajasthan recording ”heavy to extremely heavy” precipitation Himachal Pradesh’s initial...
by AIP Online Bureau | Jul 11, 2023 | Indian News, Regulation
Rakesh Joshi, member, Finance and Investment and Pramod Arora, member, Actuary, will be completing their terms at the IRDAI in next six months The applicants should have a minimum of two years of residual service as on the date of vacancy i.e., the applicant’s age...
by AIP Online Bureau | Jul 11, 2023 | Articles, Eco/Invest/Demography, Non-Life, Regulation, Reinsurance, Risk Management, Technology, Workplace/Employee Benefits
A new report from professional indemnity (PI) insurer Allianz Global Corporate & Specialty (AGCS) identifies a number of emerging liability trends for companies, ranking them by level of anticipated impact, potential drivers of loss activity and the likely ease...
by AIP Online Bureau | Jul 11, 2023 | Eco/Invest/Demography, Health, International News, Pension & Social Security, Wealth Management/ Philanthropy
According to the 2023 release, 1.1 billion out of 6.1 billion people (just over 18 per cent) live in acute multidimensional poverty across 110 countries. Sub-Saharan Africa (534 million) and South Asia (389 million) are home to approximately five out of every six poor...
by AIP Online Bureau | Jul 11, 2023 | International News, Non-Life, Risk Management
According to initial reports, the helicopter was carrying a total of six individuals. It was piloted by Senior Captain Chet Gurung, the Himalayan Times newspaper quoted a source as saying Kathmandu:, A Manang Air helicopter with six people aboard went missing near...
by AIP Online Bureau | Jul 11, 2023 | International News, Risk Management, Technology
The lawsuits underscore the legal risks developers of chat bots face when using troves of copyrighted material to create apps that deliver realistic responses to user prompts Comedian Sarah Silverman and two authors have filed copyright infringement lawsuits against...
by AIP Online Bureau | Jul 11, 2023 | Climate, Environment, Renewable Energy, Eco/Invest/Demography, International News, Non-Life, Reinsurance
That phenomenon — known as subsidence — has become worse in the UK after last year’s drought and a deadly heat wave that pushed temperatures past 40C (104F) in July 2022 to record levels The damage has triggered the highest insurance payout in almost two decades, with...
by AIP Online Bureau | Jul 11, 2023 | Eco/Invest/Demography, International News, Risk Management, Technology
In the world’s first human-robot press conference, they gave mixed responses on whether they should submit to stricter regulation The nine humanoid robots gathered at the ‘AI for Good’ conference in Geneva, where organizers are seeking to make the case for artificial...
by AIP Online Bureau | Jul 11, 2023 | Banking & Bancassurance, Briefs, Life
Max Life Insurance Company Ltd. has announced its partnership with DCB Bank for providing a variety of life insurance products to the bank’s customers, including term, savings, and retirement plans, allowing them to protect their financialfuture and expand their...
