by AIP Online Bureau | May 5, 2023 | International News, Pandemic
The WHO’s emergency committee first declared that COVID represented its highest level of alert more than three years ago, on Jan. 30 2020. The status helps focus international attention on a health threat, as well as bolstering collaboration on vaccines and...
by AIP Online Bureau | May 5, 2023 | Indian News, Life, Non-Life, Regulation
Each insurer has to constitute an advertisement committee reporting to the Product Management Committee. The advertisement committee will have at least three members mandatorily from Marketing, Actuarial and Compliance functions of the insurer, said the IRDAI...
by AIP Online Bureau | May 5, 2023 | Data, Eco/Invest/Demography, Risk Management, Technology, Wealth Management/ Philanthropy
According to the blockchain and smart contract security company CertiK, the total funds hackers managed to drain in April from crypto projects was $103.7 million, bringing the total year-to-date loss to $429.7 million New Delhi: More than $100 million worth of...
by AIP Online Bureau | May 5, 2023 | Indian News, Policy, Regulation
As per the changes notified in the the Prevention of Money-laundering Act (PMLA), such professionals will be liable to ascertain the correct financial status and ownership details of their clients before dealing with them New Delhi: The government on Thursday has...
by AIP Online Bureau | May 5, 2023 | Eco/Invest/Demography, Health, International News, Non-Life, Pandemic, Workplace/Employee Benefits
“It is possible that the emergency may end, but it is critical to communicate that COVID remains a complex public health challenge,” said Professor Marion Koopmans, a Dutch virologist who is on the WHO panel. She declined to speculate further ahead of the...
by AIP Online Bureau | May 5, 2023 | Eco/Invest/Demography, Indian News, Life, Non-Life, Policy, Technology
A “robust and citizen-centric digital public infrastructure plays a major role in achieving multiple national goals, which include financial inclusion, social security, health insurance, digital transactions and easy access to credit while providing the building...
by AIP Online Bureau | May 5, 2023 | Climate, Environment, Renewable Energy, Disaster & Management, Eco/Invest/Demography, Intermediaries, International News, Non-Life, Reinsurance, Risk Management, Technology
More than 400 natural catastrophes caused $313 billion of damage worldwide in 2022 As climate change drives new extreme weather records, organizations need to better quantify the impact of climate risk. Aon’s Climate Risk Advisory to help clients meet their...
by AIP Online Bureau | May 4, 2023 | Indian News, Non-Life, Reinsurance
V. Suryanarayanan, managing director, Chola MS, said, In FY 2023-24, Chola MS will continue to grow ahead of industry to step up on its present market share of 2.87% amongst multi line players.” Chennai: Cholamandalam MS General Insurance Company Ltd (Chola MS),...
by AIP Online Bureau | May 4, 2023 | Briefs, Non-Life
The government has nominated Mukesh Kumar Bansal, the new joint secretary in Department of Financial Services (DFS) on the board of Kolkata based National Insurance Company(NIC) with immediate effect in place of Saurabh Mishra, who quit his job earlier. Bansal will...
by AIP Online Bureau | May 4, 2023 | Climate, Environment, Renewable Energy, Eco/Invest/Demography, Indian News, Non-Life, Policy, Reinsurance
India, whose proposed coal power capacity is the highest after China, had repeatedly refused to set a timeline to phase out coal, citing low per-capita emissions, surging renewable energy capacity and demand for inexpensive fuel sources India and China account for...
