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Irdai to hold open house for insurtech, fintech on 15th of every month

Irdai to hold open house for insurtech, fintech on 15th of every month

by AIP Online Bureau | May 24, 2023 | Indian News, Life, Non-Life, Regulation

“It is expected that the solutions/ideas would help in increasing the insurance penetration in the country,” the Insurance Regulatory and Development Authority of India (Irdai) said in a statement Hyderabad: Regulator Irdai will hold an open house for the...
Munich Re launches Next Gen AI-augmented underwriting solution

Munich Re launches Next Gen AI-augmented underwriting solution

by AIP Online Bureau | May 24, 2023 | International News, Life, Reinsurance, Technology

Munich Re also offers reinsurance on policies underwritten by these AI models as an optional service, providing insurers alignment of interest and peace of mind. To further support insurers, Munich Re can also finance the solution through reinsurance, mitigating any...

India’s GDP crossed $3.5 trillion in 2022:Moody’s

by AIP Online Bureau | May 24, 2023 | Eco/Invest/Demography, Indian News

If implemented effectively, measures undertaken over the last few years – including those introduced during the pandemic to increase the flexibility of labour laws, raise agricultural sector efficiency, expand investment in infrastructure, incentivize manufacturing...

Kangra Cooperative Bank’s account with RBI loses Rs 7.79 crore in cyber fraud case

by AIP Online Bureau | May 24, 2023 | Banking & Bancassurance, Indian News, Regulation, Risk Management, Technology

The fraud took place in three separate transactions on as many consecutive days, the first being on April 19, 2023 Since the bank is financially supervised by the RBI and the current account which has been subjected to fraud is also with the regulator itself, the...
Covid kills one person every four minutes as vaccination rates fall

Covid kills one person every four minutes as vaccination rates fall

by AIP Online Bureau | May 24, 2023 | Eco/Invest/Demography, Health, International News, Pandemic, Policy

A key question is how to handle a virus that’s become less threatening to most but remains wildly dangerous to a slice of the population. That slice is much bigger than many realize: Covid is still a leading killer, the third-biggest in the US last year behind heart...
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