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Social media platforms accountable to Indian laws, investigation agencies: Allahabad High Court

Social media platforms accountable to Indian laws, investigation agencies: Allahabad High Court

by AIP Online Bureau | Jul 9, 2026 | Eco/Invest/Demography, Indian News, Risk Management, Technology

The court made the observations when an investigation officer informed it that the social media platform X was not providing the URL ID and IP address of the handle on which the petitioner’s alleged obscene videos and photographs were posted.Under the circumstances,...
Aviva buys out Dabur’s 26%, takes full control of its Indian life JV

Aviva buys out Dabur’s 26%, takes full control of its Indian life JV

by AIP Online Bureau | Jul 9, 2026 | Eco/Invest/Demography, Indian News, Life, Non-Life, Policy, Regulation

The acquisition follows recent regulatory foreign direct investment (“FDI”) changes in India, which now allow foreign insurers to increase their shareholdings in local insurance companies to 100% This is the second deal in the Indian insurance sector in a...
London steps up bid to become global ILS Hub

London steps up bid to become global ILS Hub

by AIP Online Bureau | Jul 8, 2026 | Disaster & Management, Eco/Invest/Demography, International News, Non-Life, Reinsurance, Workplace/Employee Benefits

London’s dominance in insurance-market infrastructure makes it an obvious destination for issuers of catastrophe bonds and other ILS products, says Caroline Wagstaff, chief executive of the London Market Group, whose members include insurers operating in the world’s...
Allianz unit to cut up to 1,800 jobs in AI-driven overhaul

Allianz unit to cut up to 1,800 jobs in AI-driven overhaul

by AIP Online Bureau | Jul 8, 2026 | Eco/Invest/Demography, International News, Technology

The cuts, which they expect to take the forms of severance agreements, early retirements and similar options, will amount to between 1,500 to 1,800 positions across Europe, the unit’s chief executive officer Tomas Kunzmann said at an event late Tuesday in Munich....
War insurance rates for ships rise after renewed vessel attacks in Strait of Hormuz

War insurance rates for ships rise after renewed vessel attacks in Strait of Hormuz

by AIP Online Bureau | Jul 8, 2026 | Eco/Invest/Demography, International News, Non-Life, Reinsurance

In the past 24 hours, war insurance rates for ships inside the Gulf have already ticked higher towards 3% of the value of a vessel from 2% at the end of last week, said the sources, who declined to be named due to the sensitivity of the matter. Some war underwriters...
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