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Tangirala joins IRDA and LIC as govt’s nominee

by AIP Online Bureau | Jul 12, 2023 | Briefs, Life, Policy, Regulation, Workplace/Employee Benefits

The government has nominated M. P. Tangirala, additional secretary, Department of Financial Services, as as part-time member of the Insurance Regulatory and Development Authority of India as well as director on the board of the Life Insurance Corporation with...

Life insurers’ Q1 new business premium collections decline 0.9 pc: Report

by AIP Online Bureau | Jul 12, 2023 | Data, Life

Among total collections in the first quarter, private players grew 10.6 per cent to Rs 28,167.7 crore year-on-year from Rs 25,473.5 crore, when it grew by 48.8 per cent Mumbai: Life insurers collectively witnessed a 0.9 per cent decline in the first quarter new...

by AIP Online Bureau | Jul 12, 2023 | Workplace/Employee Benefits

Raging Yamuna swells to record level in Delhi

by AIP Online Bureau | Jul 12, 2023 | Disaster & Management, Eco/Invest/Demography, Indian News, Non-Life, Risk Management

New Delhi: The Yamuna in Delhi swelled to 207.55 metres on Wednesday, breaching its all-time record of 207.49 metres set in 1978, government agencies said on Wednesday. According to the Central Water Commission’s (CWC) flood-monitoring portal, the water level at...
Cost-of-living crisis fuels political turmoil, according to WTW political risk index

Cost-of-living crisis fuels political turmoil, according to WTW political risk index

by AIP Online Bureau | Jul 12, 2023 | Eco/Invest/Demography, International News, Risk Management

Evan Freely, Global Head of Financial Solutions, WTW, said, “The international community continues to grapple with the cost-of-living crises and its wide consequences.This report indicates that rising prices, particularly in food and energy, often result in a...
AXA weighs offloading $2 bln reinsurance arm to cut disaster risk – sources

AXA weighs offloading $2 bln reinsurance arm to cut disaster risk – sources

by AIP Online Bureau | Jul 12, 2023 | International News, Non-Life, Reinsurance

French insurer AXA SA has been discussing strategic options for its XL Re unit, including a possible private sale or stock market listing, said the people, who spoke on condition of anonymity Paris: One of the world’s top insurers is mulling offloading its property...
Cybercrimes pose a major threat to security of citizens globally: Amit Shah

Cybercrimes pose a major threat to security of citizens globally: Amit Shah

by AIP Online Bureau | Jul 12, 2023 | Eco/Invest/Demography, Indian News, Technology

Amit Shah,Union Home Minister Shah will inaugurate the two-day G20 conference on ‘Crime and Security in the Age of Non-Fungible Tokens (NFTs), Artificial Intelligence (AI) and Metaverse’ beginning in Gurugram on Thursday The conference will bring together...

Hairdressers, beauticians, accountants might be at higher risk of ovarian cancer: Study

by AIP Online Bureau | Jul 12, 2023 | Facts, Health

Those working in sales, retail, clothing and construction industries may also be vulnerable, while high cumulative exposure to particular agents, including talcum powder, ammonia, propellant gases, petrol and bleaches may have an important role, the findings suggest....
Jacques de Vaucleroy selected as chairman of Swiss Re

Jacques de Vaucleroy selected as chairman of Swiss Re

by AIP Online Bureau | Jul 12, 2023 | International News, Non-Life, Reinsurance

Jacques de Vaucleroy, vice chairman, Swiss Re After careful consideration, the reinsurer’s Governance and Nomination Committee under the lead of Joerg Reinhardt concluded that Jacques de Vaucleroy be proposed for election as the new Swiss Re Chairman at the next...
WTW launches Asia’s first 4-peril parametric insurance solution to unlock financing for aquaculture development

WTW launches Asia’s first 4-peril parametric insurance solution to unlock financing for aquaculture development

by AIP Online Bureau | Jul 12, 2023 | International News, Non-Life, Reinsurance

“Our new 4-peril parametric insurance provides an efficient and simplified solution to support businesses vulnerable to multiple weather events that are not covered by traditional insurance products in the market. WTW has structured the region’s first 4-peril...
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