Company Directory - Tata AIG General Insurance Company Limited
Company Details - Tata AIG General Insurance Company Limited
Tata AIG General Insurance Company Limited
WebsiteMumbai, India
Tata AIG General Insurance Company Limited is a private non-life insurance company offering a wide range of insurance products including motor, health, travel, and property coverage. Known for its significant premium growth and customer-centric approach, the company leverages the strengths of the Tata Group and the global expertise of AIG to deliver innovative insurance solutions.
CCI Score
CCI Score: Tata AIG General Insurance Company Limited
19.82
-0.02%
Latest Event
Data Breach and IT Vulnerability Incident at Tata AIG
Following a reported data breach concerning potential IT vulnerabilities, Tata AIG General Insurance was compelled by IRDAI to conduct comprehensive IT system audits. The incident highlights lapses in cybersecurity measures, raising concerns about the company’s business practices and overall commitment to ethical responsibility in protecting consumer data.
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SABOTEUR
Tata AIG General Insurance Company Limited is currently rated as a Saboteur.
Latest Events
- OCT222024
Following a reported data breach concerning potential IT vulnerabilities, Tata AIG General Insurance was compelled by IRDAI to conduct comprehensive IT system audits. The incident highlights lapses in cybersecurity measures, raising concerns about the company’s business practices and overall commitment to ethical responsibility in protecting consumer data.
- OCT222024
The Insurance Regulatory and Development Authority of India mandated an IT systems audit for major insurers including Tata AIG following reports of a data breach. Tata AIG acknowledged potential data exposure and is collaborating with independent cybersecurity experts to investigate the issue and bolster its IT security.
- AUG052024
On August 05, 2024, TATA AIG General Insurance Company Limited introduced a political risk insurance product aimed at helping businesses manage geopolitical uncertainties. While the product aids companies in mitigating risks linked to political unrest and government actions, from an anti-fascist perspective it may inadvertently enable enterprises to operate in or with authoritarian regimes by reducing pressure for systemic change.
-10
Public and Political Behavior
March 25
Offering political risk insurance can be seen as a means for companies to safeguard operations in politically volatile environments without demanding accountability from state actors. This mechanism may indirectly support an environment where authoritarian practices can persist, as businesses are insulated from the consequences of repressive political actions.
-10
Economic and Structural Influence
March 25
The introduction of a political risk insurance product may stabilize business operations in unstable political climates but also reduces the incentive for companies to advocate for higher governmental accountability or systemic reforms. Such stabilization might inadvertently contribute to maintaining economic structures that support authoritarian regimes.
- JUN072024
Tata AIG General Insurance's CSR document outlines its commitment to community engagement, ethical business practices, and environmental sustainability through a detailed corporate social responsibility policy.
+80
Business Practices and Ethical Responsibility
March 25
The CSR policy reflects a strong commitment to ethical business practices and social responsibility. By outlining robust CSR initiatives—ranging from education to healthcare and environmental sustainability—Tata AIG demonstrates transparency and accountability in its business practices, distancing itself from any complicity with authoritarian structures.
+70
Public and Political Behavior
March 25
The public release of the CSR policy underscores Tata AIG's transparency and its engagement with community stakeholders. While the policy prioritizes social welfare and environmental sustainability, its public nature enhances the company’s credibility in promoting a responsible public stance, even though it stops short of deep political engagement.
- OCT102023
Tata AIG outlines statutory and voluntary employee benefits mandated under Indian law, including EPF, ESIC, gratuity, and maternity benefits. This comprehensive overview demonstrates the company's commitment to safeguarding worker rights and complying with labor regulations, which supports anti-fascist and worker-centric values.
+80
Labor Relations and Human Rights Practices
March 25
The article highlights Tata AIG's commitment to ensuring employee benefits as required by law. By providing information on statutory benefits such as EPF, ESIC, gratuity, and maternity leave, the company reinforces positive labor relations and supports worker rights in line with anti-authoritarian values. This proactive communication on employee welfare reflects responsible business practices that counteract exploitative labor dynamics.
Employee Benefits in India: Statutory & Voluntary – Tata AIG
- SEP202023
Tata AIG has implemented a digital-first HR initiative that streamlines recruitment, enhances digital data management, and promotes long-term employee retention and diversity. These efforts improve labor relations and utilize technology to empower the workforce, reflecting a positive stance in business practices and technological impact.
+80
Labor Relations and Human Rights Practices
March 25
The article details Tata AIG's efforts to improve workplace practices through a comprehensive digital HR strategy. Positive policies such as flexible working hours, a digital rewards program, affirmative action for marginalized groups, and a focus on long-term retention demonstrate strong labor relations and adherence to human rights practices, which align with anti-fascist values by empowering workers.
+75
Technology and Services Impact
March 25
Tata AIG's digital transformation in HR operations—including the implementation of mobile-enabled self-service, live dashboards, and digital verification workflows—serves as a robust example of using technology to streamline services and enhance operational effectiveness. This positive technological impact supports employee empowerment and improved operational transparency.
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