by AIP Online Bureau | May 24, 2023 | Workplace/Employee Benefits
by AIP Online Bureau | May 24, 2023 | Indian News, Life, Non-Life, Regulation
“It is expected that the solutions/ideas would help in increasing the insurance penetration in the country,” the Insurance Regulatory and Development Authority of India (Irdai) said in a statement Hyderabad: Regulator Irdai will hold an open house for the...
by AIP Online Bureau | May 24, 2023 | International News, Life, Reinsurance, Technology
Munich Re also offers reinsurance on policies underwritten by these AI models as an optional service, providing insurers alignment of interest and peace of mind. To further support insurers, Munich Re can also finance the solution through reinsurance, mitigating any...
by AIP Online Bureau | May 24, 2023 | Eco/Invest/Demography, Indian News
If implemented effectively, measures undertaken over the last few years – including those introduced during the pandemic to increase the flexibility of labour laws, raise agricultural sector efficiency, expand investment in infrastructure, incentivize manufacturing...
by AIP Online Bureau | May 24, 2023 | Banking & Bancassurance, Indian News, Regulation, Risk Management, Technology
The fraud took place in three separate transactions on as many consecutive days, the first being on April 19, 2023 Since the bank is financially supervised by the RBI and the current account which has been subjected to fraud is also with the regulator itself, the...
by AIP Online Bureau | May 24, 2023 | Eco/Invest/Demography, Health, International News, Pandemic, Policy
A key question is how to handle a virus that’s become less threatening to most but remains wildly dangerous to a slice of the population. That slice is much bigger than many realize: Covid is still a leading killer, the third-biggest in the US last year behind heart...
by AIP Online Bureau | May 23, 2023 | Eco/Invest/Demography, Health, International News, Policy
A new pact is a priority for WHO chief Tedros Adhanom Ghebreyesus who called it a “generational commitment that we will not go back to the old cycle of panic and neglect” at the U.N. agency’s annual assembly. It seeks to shore up the world’s defences against new...
by AIP Online Bureau | May 23, 2023 | International News, Non-Life, Reinsurance
The deal terms include about $2.74 billion in cash and $250 million of RenaissanceRe common shares, the companies said in their statements “For AIG, (the deal) further simplifies our business model and reduces volatility in our portfolio, while generating...
by AIP Online Bureau | May 23, 2023 | Climate, Environment, Renewable Energy, International News, Non-Life, Reinsurance
The departure follows that of fellow Swiss firm Zurich Insurance Group AG, as well as Germany’s Munich Re and Hannover Re NZIA has no US members, and with the departure of Swiss Re, it has roughly 27 left, including Allianz SE, Aviva Plc and Axa SA, according to the...
by AIP Online Bureau | May 23, 2023 | Indian News, Non-Life, Reinsurance
Anand Pejawar, whole-time director, SBI General Insurance Anand Pejawar, whole-time director, SBI General Insurance said, “We are confident that this product will serve as an effective tool for the infrastructure sector. Surety bonds offer financial security,...
