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MS Amlin strengthens Natural Resources team with claims expertise

by AIP Online Bureau | May 22, 2023 | International News, Non-Life, Reinsurance

With more than a decade of industry experience, Erman brings substantial claims-handling expertise. Specialising in marine and energy, he has a reputation for handling and resolving large, complex claims LONDON: MS Amlin, the Lloyd’s global (re)insurer, today...
Canopius launches first digital asset custody product on Lloyd’s Asia platform

Canopius launches first digital asset custody product on Lloyd’s Asia platform

by AIP Online Bureau | May 22, 2023 | Eco/Invest/Demography, International News, Non-Life, Reinsurance, Risk Management

Canopius can offer an individual line size of up to $130mn for eligible custody solutions, and the product provides coverage traditionally only available in the Crime and Specie markets separately The product will be available to financial institutions and covers a...

ASPEN appoints Tay Boon Chuan as head of Singapore

by AIP Online Bureau | May 22, 2023 | International News, Non-Life, Reinsurance

Boon brings with him more than 23 years’ experience of the Asian (re)insurance industry and a deep knowledge of the local treaty market having held positions at Asia Capital Re Group and Swiss Re Hamilton, Bermuda: Aspen Insurance Holdings Limited (“Aspen”) has...

by AIP Online Bureau | May 22, 2023 | Workplace/Employee Benefits

ANALYSIS-Regulators dust off rule books to tackle generative AI like ChatGPT

by AIP Online Bureau | May 22, 2023 | Eco/Invest/Demography, International News, Regulation

Regulators aim to apply existing rules covering everything from copyright and data privacy to two key issues: the data fed into models and the content they produce, according to six regulators and experts in the United States and Europe As the race to develop more...
RBI may extend Sept 30 deadline for exchanging Rs 2000 currency notes, ID and form not needed to exchange

RBI may extend Sept 30 deadline for exchanging Rs 2000 currency notes, ID and form not needed to exchange

by AIP Online Bureau | May 22, 2023 | Banking & Bancassurance, Eco/Invest/Demography, Indian News, Regulation

On why there was a deadline for exchanging these notes when they are going to continue as legal tender, Shaktikant Das, governor, RBI said that unless a particular time is stipulated, the process won’t reach finality as people won’t take it seriously....
India has worked on availability, accessibility and affordability of healthcare: PM Modi

India has worked on availability, accessibility and affordability of healthcare: PM Modi

by AIP Online Bureau | May 21, 2023 | Eco/Invest/Demography, Health, Indian News

Narendra Modi,Prime Minister Be it the world’s biggest health insurance scheme – Ayushman Bharat, or the massive ramping up of health infrastructure, or the drive to provide sanitation and drinking water to millions of families, many of India’s efforts are aimed at...

HDFC Pension Management company crosses Rs 50,000 crore assets

by AIP Online Bureau | May 21, 2023 | Indian News, Pension & Social Security

“The superior returns, attractive tax benefits, and low charges make for a strong customer proposition for investing in our pension products. With our AUM crossing the threshold of Rs. 50,000 cr., the effective Fund Management Charges for our subscribers will...
Public sector banks’ total profit crosses Rs 1 lakh crore-mark in FY23

Public sector banks’ total profit crosses Rs 1 lakh crore-mark in FY23

by AIP Online Bureau | May 21, 2023 | Banking & Bancassurance, Eco/Invest/Demography, Indian News, Policy

From posting a total net loss of Rs 85,390 crore in 2017-18, the Public Sector Banks (PSBs) have come a long way as their profit touched Rs 1,04,649 crore in 2022-23, according to an analysis of their financial results NEW DELHI: Public sector banks’ cumulative...

EPFO adds 13.4 lakh members in March, 1.39 cr in 2022-23

by AIP Online Bureau | May 21, 2023 | Data, Eco/Invest/Demography, Pension & Social Security, Workplace/Employee Benefits

Among the newly joined members, the highest enrolment is registered in the age group of 18-21 years with 2.35 lakh members, followed by the age group of 22-25 years with 1.94 lakh members.The age-groups of 18-25 years constitute 56.60 per cent of total new members...
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