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...
by AIP Online Bureau | Jun 24, 2026 | Intermediaries, International News, Non-Life
This is the latest in a series of senior hires reinforcing Howden Re’s commitment to Hong Kong and China as a strategic focus for Howden Re as it continues to build specialist capabilities across the Asia-Pacific region. London: Howden Re, the global reinsurance,...
by AIP Online Bureau | Jun 24, 2026 | International News, Non-Life, Reinsurance, Technology
The electric-vehicle maker’s automated technology failed to detect the end of the roadway and stop before slamming into a brick house, according to the lawsuit filed Tuesday in Texas state court. The complaint also includes a claim of deceptive marketing against the...
