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IRDAI puts a 15-yr tenure cap for a pvt sector insurer’s CEO & WD, Rs 20 lakh annual pay cap for independent directors

IRDAI puts a 15-yr tenure cap for a pvt sector insurer’s CEO & WD, Rs 20 lakh annual pay cap for independent directors

by AIP Online Bureau | Jun 30, 2023 | Indian News, Life, Non-Life, Regulation

IRDAI has fixed the maximum age limit for non-executive directors including the chairperson of the board at 75 years and after attaining the age of 75 years no person shall continue on the board of the insurer Hyderabad: Insurance regulator IRDAI on Friday said the...
ICICI Lombard General targets reduction of CR by 200 bps to 102.5 % by FY 2025: Dasgupta

ICICI Lombard General targets reduction of CR by 200 bps to 102.5 % by FY 2025: Dasgupta

by AIP Online Bureau | Jun 30, 2023 | Indian News, Non-Life, Technology

Bhargav Dasgupta, MD & CEO, ICICI Lombard General Insurance `As part of a highly competitive market, where change is being driven constantly by digital players like Fintechs and Insurtechs, we believe that continuous reimagination of its technology and business...
Insurtech: Tougher funding environment, but represents a massive $7 trillion opportunity

Insurtech: Tougher funding environment, but represents a massive $7 trillion opportunity

by AIP Online Bureau | Jun 30, 2023 | Articles, Eco/Invest/Demography, Life, Non-Life

Insurance is still a strongly underfunded market, especially in areas such as life insurance. Operational efficiency is now a must for insurtechs and insurers. Insurtech startups are enabling operational efficiency through the whole value chain Insurtech has also...

by AIP Online Bureau | Jun 30, 2023 | Workplace/Employee Benefits

World Bank approves $1.5 bln financing for India’s low-carbon transition

by AIP Online Bureau | Jun 30, 2023 | Climate, Environment, Renewable Energy, Eco/Invest/Demography, Indian News, Policy

At the COP26 summit in Glasgow in 2021, India committed to an ambitious five-part “Panchamrit” pledge, including reaching 500 GW of non-fossil electricity capacity, to generate half of all energy requirements from renewables, to reduce emissions by 1...

Menopause hormone pills associated with dementia, causation unclear

by AIP Online Bureau | Jun 30, 2023 | Facts, Health

The authors of an editorial published with the report noted the study’s limitations, writing, “The observed associations could be artefactual and should not be used to infer a causal relationship between hormone therapy and dementia risk” or to help...

by AIP Online Bureau | Jun 30, 2023 | Workplace/Employee Benefits

Breakthrough in obsessive-compulsive disorder treatment

by AIP Online Bureau | Jun 30, 2023 | Facts, Health

OCD affects around 3% of the population. The average age of onset is 19.5 years, which means that many cases go undetected in childhood and adolescence. UK’s NHS-recommended treatments include cognitive behavioural therapy and antidepressant drugs called...
Maha: HDFC Ergo General Insurance appointed to implement Centre’s crop insurance scheme in Akola

Maha: HDFC Ergo General Insurance appointed to implement Centre’s crop insurance scheme in Akola

by AIP Online Bureau | Jun 30, 2023 | Indian News, Non-Life

Earlier, Collector Nima Arora had recommended to the state government to blacklist ICICI Lombard in the district after a case was registered against 10 representatives of the company on March 21 at Khadan police station in Akola Akola: The administration has appointed...

Russian sexologists to target homosexuality, other ‘disorders’ under new rules

by AIP Online Bureau | Jun 30, 2023 | Facts, Health, Policy

The order, which takes effect on July 1, comes amid a clampdown on LGBT rights, which President Vladimir Putin has sought to portray as evidence of moral decay in Western countries and from which Russia must be protected Russian clinics will soon be staffed with...
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