by AIP Online Bureau | Jun 25, 2026 | Data, Life, Non-Life, Reinsurance
AI is rapidly becoming the new divider between leaders versus followers and laggards in insurance.Insurers leading are redesigning their operational model leveraging a cloud and AI-native core technology foundation that deeply integrates AI into the business and...
by AIP Online Bureau | Jun 24, 2026 | Briefs, Life
Sunil Agrawal, chief financial officer(CFO) and Key Managerial Personnel(KMP) of ,Life Insurance Corporation has resigned on Wednesday to pursue better prospects.His resignation will be effective from July 14. Jayasimhan Madabhushi Matam Tirumala, executive Director...
by AIP Online Bureau | Jun 24, 2026 | Indian News, Risk Management
The blaze at the STT Global Data Centres India facility, owned by Singapore’s ST Telemedia and India’s Tata Communications , caused “extensive damage” to parts of the site, making data recovery difficult, a Tata Communications unit said in a...
by AIP Online Bureau | Jun 24, 2026 | Banking & Bancassurance, Eco/Invest/Demography, Indian News, Risk Management
Banks should establish human oversight for AI models used in automated decision-making, the draft guidelines said.For generative AI models that interface with customers or external users, additional cybersecurity controls should be implemented. MUMBAI:...
by AIP Online Bureau | Jun 24, 2026 | Indian News, Regulation, Technology
The consequences of this lack of awareness are significant. At the beginning of FY2025, insurers were holding more than ₹9,305 crore in unclaimed amounts, including maturity proceeds, death claims and surrender values. In a move aimed at enhancing policyholder...
