by AIP Online Bureau | Jan 21, 2023 | Disaster & Management, Eco/Invest/Demography, Indian News, Non-Life
Significantly, the number of structures that have developed cracks in the holy city has increased to 863 In view of the cracks, along with the obstruction of the road to Badrinath Dham, the contact of the Indian Army with the China border may also be cut off...
by AIP Online Bureau | Jan 21, 2023 | Indian News, Non-Life
Tapan Singhel, MD and CEO, Bajaj Allianz General Insurance The choice for the chairmanship of GI Council tilted in favour of one of the private sector CEOs as the market share public sector insurers, basically the four PSU general Insurers, NIA, OIC, United...
by AIP Online Bureau | Jan 21, 2023 | Indian News, Life, Non-Life
Debasish Panda,chairman, IRDAI “If we have to double the penetration, every year there is a need to infuse an additional Rs 50,000 crore. While half of these funds need to be generated by the insurers internally, the other half has to mobilised from markets and...
by AIP Online Bureau | Jan 20, 2023 | Indian News, Life, Non-Life
Torrent Investments had filed a plea seeking the tribunal to quash the lenders’ plans to hold a fresh auction for the takeover of the Anil Ambani-promoted Reliance Capital. Torrent Investments was the highest bidder offering Rs 8,640 crore Mumbai: The National...
by AIP Online Bureau | Jan 20, 2023 | Indian News, Life
Vibha Padalkar, MD & CEO said,“In Q3 fy2022-23, we grew by 17% in terms of Individual Weighted received premium( WRP). On a year to date (YTD) basis, we grew by 13% leading to a market share of 15.8% amongst private insurers. Our distribution network has...
by AIP Online Bureau | Jan 19, 2023 | Eco/Invest/Demography, Indian News, Non-Life
Under the new policy which is effective from April 1, 2022, the Centre has said states and Union Territories will provide up to 25 per cent tax rebate on road tax for vehicles that are purchased after scrapping old vehicles. New Delhi: From April 1, all vehicles owned...
by AIP Online Bureau | Jan 19, 2023 | Eco/Invest/Demography, Indian News, Life, Non-Life, Policy
“India’s privately-owned insurers, where foreign shareholdings are concentrated, have cut their exposure to high risk assets and have been early adopters of actuarial-led reserve management and risk-based capital management. This has and will continue to...
by AIP Online Bureau | Jan 19, 2023 | International News, Non-Life, Reinsurance
One of the top 10 players in global aviation insurance, AXA XL is pulling back from underwriting risk on so-called war cover, the sources said, reducing options for airline operators or lessors seeking protection against loss or damage arising from warThe retreat by a...
by AIP Online Bureau | Jan 19, 2023 | Climate, Environment, Renewable Energy, Intermediaries, Non-Life, Reinsurance
: “Macro events and trends such as inflation, cost increases, security, and supply chains are impacting the renewable energy industry, making the current business environment a challenging one for risk managers. Several important steps will help them to assess their...
by AIP Online Bureau | Jan 19, 2023 | Indian News, Workplace/Employee Benefits
In a filing to the High Court of Bombay dated Jan 16, the General Motors Employees Union of 1,086 factory workers states the company has failed to pay them compensatory wages of 50% of their monthly salary starting April last year, as ordered by a local industrial...
