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...
by AIP Online Bureau | Aug 10, 2023 | Indian News, Non-Life, Reinsurance, Risk Management
This study holds paramount significance, as it provides the opportunity to comprehensively evaluate the potential impact on the capital and overall solvency of the insurers This framework would serve as a pivotal mechanism which would enable insurers to maintain an...
by AIP Online Bureau | Aug 10, 2023 | Indian News, Life
Max Life Insurance new business margin (NBM) expanded to 22.2% in Q1FY24, improved 110 bps over corresponding previous quarter mainly driven by change in product mix Value of New Business (VNB) grew by 16% to Rs. 247 Crore in Q1FY24 New Delhi: After the approval of...
by AIP Online Bureau | Aug 10, 2023 | Data, Eco/Invest/Demography, Non-Life
Commenting on sales data of July 2023, Vinod Aggarwal, President, SIAM said, “Though the Passenger Vehicle and Three-Wheeler segments are performing well, there has been a de-growth of Two-Wheelers in July 2023, compared to July 2022. Overall, we expect that the...
by AIP Online Bureau | Aug 10, 2023 | Briefs, Non-Life, Regulation
ICICI Lombard General Insurance Company has been nominated by the IRDAI as a lead insurer in the non-life segment in the state of Tripura. The insurer aims to implement the state insurance plan,ensuring access insurance services to uninsured population. The recently...
by AIP Online Bureau | Aug 10, 2023 | Banking & Bancassurance, Disaster & Management, Eco/Invest/Demography, Indian News, Policy, Regulation
Shaktikanta Das,Governor,Reserve Bank of India “Liquidity plays a major role with regards to inflation – both in pushing up inflation and controlling inflation,” RBI Governor Shaktikanta Das said, explaining the decision.”While inflation has...
