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by AIP Online Bureau | May 31, 2023 | Workplace/Employee Benefits

Kotak Life announces bonus of Rs 840 crore to policy holders

by AIP Online Bureau | May 31, 2023 | Life

Kotak Mahindra Life Insurance Company (Kotak Life) has announced a bonus of Rs 840 crore to more than 6.5 lakh eligible participating policyholders for FY 2023. This is an increase of 24% over the bonus declared for FY 2022. Mahesh Balasubramanian, Managing Director,...

India transformed in less than a decade:Morgan Stanley

by AIP Online Bureau | May 31, 2023 | Eco/Invest/Demography, Indian News, Policy, Regulation

The report highlighted the 10 big changes, including supply-side policy reforms, formalisation of the economy, Direct Benefit Transfer, Insolvency and Bankruptcy Code, focus on FDI and flexible inflation targeting. These changes are because of India’s policy...

by AIP Online Bureau | May 31, 2023 | Workplace/Employee Benefits

Digitally advanced countries trust less on artificial intelligence: Swiss Re report

Digitally advanced countries trust less on artificial intelligence: Swiss Re report

by AIP Online Bureau | May 31, 2023 | Eco/Invest/Demography, International News, Non-Life, Reinsurance, Technology, Workplace/Employee Benefits

The most AI-trusting people hail from emerging digital growth markets such as India, Nigeria, Mexico, Indonesia, Philippines and Argentina` `What is surprising in ‘Decoding Digital Trust: A consumer perspective’ is that countries with advanced levels of...
Shipping Safety: Losses hit a record low in 2022, but jump in fires, other challenges

Shipping Safety: Losses hit a record low in 2022, but jump in fires, other challenges

by AIP Online Bureau | May 31, 2023 | Articles, Eco/Invest/Demography, Non-Life, Reinsurance, Risk Management

A combination of factors impacting fire risk, ongoing and new threats posed by the ripple effects of the Ukraine conflict, decarbonization challenges, economic uncertainty, as well as the rising cost of marine claims, means the sector still has plenty of obstacles to...
Delta Air Lines faces proposed U.S. class action over carbon neutral claims

Delta Air Lines faces proposed U.S. class action over carbon neutral claims

by AIP Online Bureau | May 31, 2023 | Climate, Environment, Renewable Energy, Eco/Invest/Demography, International News

The complaint alleges that Delta is not living up to advertising that presents the Atlanta-based carrier as “the world’s first carbon-neutral airline,” saying it leads consumers to believe Delta hasn’t been responsible for releasing additional carbon into the...
Top AI CEOs, experts raise ‘Risk of Extinction’ from AI

Top AI CEOs, experts raise ‘Risk of Extinction’ from AI

by AIP Online Bureau | May 31, 2023 | International News, Regulation, Technology

“Mitigating the risk of extinction from AI should be a global priority alongside other societal-scale risks such as pandemics and nuclear war,” more than 350 signatories wrote in a letter published by the nonprofit Center for AI Safety (CAIS). Top artificial...
Number of frauds rose in FY23, amount involved halved: RBI data

Number of frauds rose in FY23, amount involved halved: RBI data

by AIP Online Bureau | May 30, 2023 | Banking & Bancassurance, Eco/Invest/Demography, Indian News, Regulation

Frauds occurred predominantly in the category of digital payments (card/internet), in terms of number, said Reserve Bank’s Annual Report 2022-23 The number of frauds in the banking sector went up to 13,530 in 2022-23 year-on-year, but the amount involved nearly...
Can’t force citizen to choose between education and reproductive autonomy, says Delhi HC

Can’t force citizen to choose between education and reproductive autonomy, says Delhi HC

by AIP Online Bureau | May 30, 2023 | Health, Indian News, Workplace/Employee Benefits

The observation was made as the court set aside an order passed by Chaudhary Charan Singh University refusing to grant maternity leave to its M.Ed student New Delhi:The Indian Constitution envisages an egalitarian society for its citizens who cannot be forced to...
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