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Managing Customers: Banks and insurers deploy AI agents to fight fraud and process applications

Managing Customers: Banks and insurers deploy AI agents to fight fraud and process applications

by AIP Online Bureau | Nov 12, 2025 | Articles, Eco/Invest/Demography, Risk Management, Technology

-Three in five banks and insurers cite customer onboarding among top reasons for AI agent adoption,-33% of firms are actively developing proprietary AI agents in-house, though only 10% have deployed at scale,-Nearly half of banks and insurers are creating new jobs to...
Google sued for secretly amassing user data via Gemini AI

Google sued for secretly amassing user data via Gemini AI

by AIP Online Bureau | Nov 12, 2025 | International News, Risk Management, Technology

In the past, users of Gmail, Chat and Meet were given the option to turn on Google’s artificial intelligence program. But in October, the Alphabet Inc. unit “secretly” turned on Gemini for all those applications, enabling it to collect private data “without the users’...
IRDAI closely monitoring health insurance claims gaps, says Chairman Seth

IRDAI closely monitoring health insurance claims gaps, says Chairman Seth

by AIP Online Bureau | Nov 12, 2025 | Eco/Invest/Demography, Health, Indian News, Intermediaries, Regulation, Reinsurance, Risk Management, Technology

Ajay Seth, chairman,IRDAI `While the number of health insurance claims settled is high, the amount settled especially in full is sometimes lower than expected.This is an area we are monitoring closely. Our expectation from the insurers is clear. Prompt, fair and...
Hexaware launchs advanced insurance solutions,deepens Google Cloud partnership

Hexaware launchs advanced insurance solutions,deepens Google Cloud partnership

by AIP Online Bureau | Nov 12, 2025 | International News, Technology

The offerings strengthen Hexaware’s collaboration with Google and reflect a shared focus on accelerating digital transformation through automation, AI, and scalable cloud-native architectures for the insurance industry.Hexaware’s parametric claims solution...
Max Financial Services Q2 profit plummets to Rs 6cr

Max Financial Services Q2 profit plummets to Rs 6cr

by AIP Online Bureau | Nov 11, 2025 | Indian News, Life

Axis Max Life reported New Business Margins of 23.3 per cent in H1 FY’26 up from 21.2 per cent during the same period last year. The Value of New Business (VNB), a measure of profitability experienced a YoY growth of 27 per cent outperforming the peers, aided by...
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