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General insurers’ premium grows by 14.44% to Rs 20,687 crore in Dec , PSU gen insurers market share falls over 2% to 33.16%

by AIP Online Bureau | Jan 8, 2023 | Indian News, Non-Life, Reinsurance

The private sector general insurers have mobilised a total premium of Rs 96,246 crore, up 22 per cent in Apr-Dec period while PSU general insurers have gathered a total premium of Rs 62,092 crore,up 8.64 per cent, during the same period. Mumbai:The total premium of...
Nurturing Talents: Compensation for Indian Workforce

Nurturing Talents: Compensation for Indian Workforce

by AIP Online Bureau | Jan 8, 2023 | Articles, Eco/Invest/Demography, Health, Life, Non-Life, Workplace/Employee Benefits

Though western countries are embracing and adopting the concept of Total Rewards for retaining employees, a more nuanced approach is warranted when designing a compensation structure for the Indian workforce Shwetha Ram While the COVID-19 pandemic upended the...
Airlines in India to add 100 aircraft per year to fly 412 mn passengers

Airlines in India to add 100 aircraft per year to fly 412 mn passengers

by AIP Online Bureau | Jan 8, 2023 | Eco/Invest/Demography, Indian News, Non-Life, Reinsurance

Civil Aviation Ministry officials said that there were about 400 aircraft in 2013 and in 2021-22, the number increased to 700. Airlines in India are going to add 15 per cent capacity or 100 to 110 aircraft per year and the aviation sector is looking at close to 1,200...

Lack of Covid preventive measures in China may lead a 2020-like situation: Report

by AIP Online Bureau | Jan 8, 2023 | Workplace/Employee Benefits

The ongoing Covid wave in China has seen Beijing, Shanghai, Guangzhou, Wuhan, Chongqing, and other urban areas struggling to contain the outbreak, with hospitals overwelmed and mortuaries full China is no longer adopting preventive measures to stop the country’s...
Health minister Mandaviya urges Odisha govt to implement Ayushman Bharat insurance scheme in state

Health minister Mandaviya urges Odisha govt to implement Ayushman Bharat insurance scheme in state

by AIP Online Bureau | Jan 8, 2023 | Eco/Invest/Demography, Health, Indian News, Non-Life

Union Health Minister Mansukh Mandaviya The minister said “50 crore families have been given health security under the Ayushman Bharat – PMJAY scheme while affordable and quality medicines are being provided by more than 9,000 Jan Aushadhi Kendras across...

Hackers use AI tool to write malicious code

by AIP Online Bureau | Jan 8, 2023 | International News, Non-Life, Reinsurance, Technology

“Cybercriminals are finding ChatGPT attractive. In recent weeks, we’re seeing evidence of hackers starting to use it to write malicious code. ChatGPT has the potential to speed up the process for hackers by giving them a good starting point,” said...
PMO to hold high-level meeting on Joshimath crisis

PMO to hold high-level meeting on Joshimath crisis

by AIP Online Bureau | Jan 8, 2023 | Disaster & Management, Indian News, Non-Life

The Uttarakhand government has requested the National Remote Sensing Centre (NRSC), Hyderabad and the Indian Institute of Remote Sensing (IIRS), Dehradun to conduct a study of Joshimath area through satellite images and submit a detailed report with photographs New...
InsuranceDekho receives Rs 300 crore of funding from  Goldman Sachs Grp, valued at Rs 1100 crore

InsuranceDekho receives Rs 300 crore of funding from Goldman Sachs Grp, valued at Rs 1100 crore

by AIP Online Bureau | Jan 8, 2023 | Indian News, Intermediaries, Life, Non-Life, Technology

The sole source of income for Insurance Dekho is insurance brokerage and commission, which increased by 61% to Rs 47.91 crore in FY22 from Rs 29.71 crore in FY22. In the most recent fiscal year, the company’s losses increased by 55.6% to Rs 72.29 crore. At the group...
Financial inclusion appears to be positively correlated with per capita income growth: IMF

Financial inclusion appears to be positively correlated with per capita income growth: IMF

by AIP Online Bureau | Jan 8, 2023 | Banking & Bancassurance, Eco/Invest/Demography, International News, Policy

IMF said, “For example, the launch of the Pradhan Mantri Jan Dhan Yojana programme in India in 2014, one of the world’s largest financial inclusion initiatives to date, is one prominent example of India’s national-level commitment to advancing...

Researchers reveal couples who work from home do not have same experience

by AIP Online Bureau | Jan 8, 2023 | Facts, Workplace/Employee Benefits

Organizations and managers should give their male employees more flexibility when possible so they and their families can better adapt to crises like the COVID-19 pandemic,” Jasmine Hu, lead author of the study and professor of management at The Ohio State...
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