by AIP Online Bureau | May 13, 2023 | Banking & Bancassurance, Eco/Invest/Demography, International News, Regulation, Risk Management
The National Financial Regulatory Administration(NFRA) is a new government body under the State Council tasked with consolidating supervision over the multi-trillion dollar financial industry It will replace the CBIRC and absorb some supervisory functions from the...
by AIP Online Bureau | May 13, 2023 | International News, Policy, Regulation, Reinsurance, Technology
Anyone who’s tried ChatGPT, Microsoft’s Bing chatbot or Google’s Bard will have quickly learned that they have a tendency to fabricate information and confidently present it as fact. These systems, built on what’s known as large language models, also emulate the...
by AIP Online Bureau | May 13, 2023 | Indian News, Non-Life, Regulation
The move by the Aviation Working Group, a UK-based entity that monitors leasing and financing laws, could raise leasing costs for Indian airlines and hurt lessors’ confidence just as the world’s third-largest domestic market faces record growth India has...
by AIP Online Bureau | May 13, 2023 | Banking & Bancassurance, Indian News, Regulation
Balances in savings/current accounts which are not operated for 10 years, or term deposits not claimed within 10 years from date of maturity are classified as ”unclaimed deposits” Recently, the RBI has also announced the setting up of a centralised web...
by AIP Online Bureau | May 13, 2023 | Eco/Invest/Demography, International News, Non-Life, Policy, Regulation, Technology, Workplace/Employee Benefits
The European Data Protection Board, which unites Europe’s national privacy watchdogs, said in April it had set up a task force on ChatGPT, a potentially important first step towards a common policy on setting privacy rules on AI Rapid advances in artificial...
by AIP Online Bureau | May 13, 2023 | Indian News, Life
Prashant Tripathy, managing director, Max Life Insurance Company , said, “Through our continued focus on introducing innovative products, expanding distribution strength across channels, and driving a balanced product mix, we delivered strong growth in Q4FY23.”...
by AIP Online Bureau | May 13, 2023 | Disaster & Management, Eco/Invest/Demography, International News, Non-Life, Reinsurance
Extreme weather hazards will occur more frequently due to climate change in the years ahead, IOM warned ““The linkages between climate change, migration, and displacement are increasingly pressing worldwide,” the agency said, calling on governments to implement...
by AIP Online Bureau | May 13, 2023 | Disaster & Management, Eco/Invest/Demography, Health, Indian News, Non-Life, Policy
World Bank Vice President for South Asia Region Martin Raiser said the World Bank’s ‘Resilient Kerala Programme’ to support the state’s preparedness against natural disasters, climate change impacts, disease outbreaks, and pandemics was...
by AIP Online Bureau | May 13, 2023 | Health, Indian News, Non-Life, Regulation
A holistic examination of the various aspects involved such as types of conditions, types of treatments etc from the insurance perspective is necessary when dealing with products designed to cover mental illnesses and other related aspects Hyderabad: Regulator Irdai...
by AIP Online Bureau | May 12, 2023 | Health, Indian News, Non-Life, Regulation
The Surrogacy (Regulation) Act, 2021, says an insurance coverage of such amount and in such manner as may be prescribed in favour of the surrogate mother for a period of thirty-six months covering postpartum delivery complications from an insurance company or an agent...
