by AIP Online Bureau | Mar 29, 2023 | Eco/Invest/Demography, International News, Risk Management, Technology
Elon Musk The concerns come as EU police force Europol on Monday joined a chorus of ethical and legal concerns over advanced AI like ChatGPT, warning about the potential misuse of the system in phishing attempts, disinformation and cybercrime. Elon Musk and a group of...
by AIP Online Bureau | Mar 29, 2023 | Indian News, Non-Life
Shriram Capital is the largest shareholder of Shriram General Insurance Holdings, with a 63.88% stake. Piramal owns about 20%, while TPG has a roughly 9.5% holdings. An employee’s trust holds the remainder Mumbai: Billionaire Ajay Piramal and TPG Inc. are considering...
by AIP Online Bureau | Mar 29, 2023 | Banking & Bancassurance, International News, Non-Life, Reinsurance
Sergio P. Ermotti , chairman,Swiss Re The Swiss Re Board has nominated Jacques de Vaucleroy as new Vice Chairman and Lead Independent Director subject to his re-election as Board member by shareholders, effective post AGM Zurich: Swiss Re chairman Sergio P. Ermotti...
by AIP Online Bureau | Mar 28, 2023 | Health, Indian News
An official source said that the action has been taken against 76 companies in the first phase of a special drive against the manufacture of spurious drugs New Delhi: In a major crackdown against the manufacture of substandard drugs, central and state regulators...
by AIP Online Bureau | Mar 28, 2023 | Health, Indian News, Intermediaries, Non-Life, Regulation, Reinsurance, Technology
Premium in Rs, crore The new limit on EoM will be effective from April 1 The general and health insurers have to ensure that their expenses of management are within the allowable limit on the overall basis. Where the insurer has exceeded the allowable limits of...
by AIP Online Bureau | Mar 28, 2023 | Indian News, Intermediaries, Non-Life
The proposed deal includes the sale of the entire 25,65,103 equity shares of Rs 10 each held by the company (along with its nominees), representing 50.002 per cent of the issued and paid-up share capital of ABIBL to Edme Services Private Limited, Aditya Birla Capital...
by AIP Online Bureau | Mar 28, 2023 | Articles, Eco/Invest/Demography, Health, Non-Life, Workplace/Employee Benefits
Sanjeev Mantri, executive director, ICICI Lombard General Insurance said, “As data shows only a small percentage of women in India consider general insurance a priority. This highlights the need for more awareness and education on general insurance among women in...
by AIP Online Bureau | Mar 28, 2023 | Eco/Invest/Demography, Indian News, Life, Non-Life
“Insurance companies have been one of the key investors in long-maturity bonds,As the penetration and reach of distribution channels increase, we expect that the growth in the sales of the traditional products to continue to grow, and consequently the demand for...
by AIP Online Bureau | Mar 28, 2023 | Health, Indian News, Intermediaries, Life, Non-Life
The government last Sunday has notified the new regulations, as approved by insurance regulator IRDAI , on the removal of cap on payment of commission to the intermediaries Oveall limit of Expense of Management(EoM) for the insurers will be fixed by insurance...
by AIP Online Bureau | Mar 27, 2023 | Data, Eco/Invest/Demography, Health, Pandemic
The highest number of Covid cases caused due to this variant has been found in Maharashtra and Gujarat at 164 each, followed by 93 Telangana and 86 in Karnataka, according to INSACOG data. A total of 610 cases of Covid’s XBB.1.16 variant, which might have been...
