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Iran-Israel Attacks: Insurance costs jump for ships sailing in Persian Gulf

Iran-Israel Attacks: Insurance costs jump for ships sailing in Persian Gulf

by AIP Online Bureau | Jun 19, 2025 | Eco/Invest/Demography, International News, Non-Life, Reinsurance, Risk Management

Underwriters are now charging 0.2% of the value of a ship for calls into the Gulf, up from 0.125% prior to the conflict breaking out, according to Marcus Baker, global head of marine cargo and logistics at Marsh McLennan, the largest insurance broker. Rates have also...
Air India warned by DGCA for flying Airbus planes with unchecked escape slides

Air India warned by DGCA for flying Airbus planes with unchecked escape slides

by AIP Online Bureau | Jun 19, 2025 | Indian News, Regulation, Risk Management, Technology

In the report, the Directorate General of Civil Aviation said spot checks in May on three Air India Airbus planes found that they were operated despite mandatory inspections being overdue on the “critical emergency equipment” of escape slides NEW DELHI:...
“IndiaFirst Life is progressively becoming a multi-channel distribution player in the industry.”

“IndiaFirst Life is progressively becoming a multi-channel distribution player in the industry.”

by AIP Online Bureau | Jun 19, 2025 | Banking & Bancassurance, Interviews, Life, Regulation

Varun Gupta, President & Chief Distribution Officer (CDO) – Bancassurance, IndiaFirst Life Though role of Bancassurance has grown significantly in the Indian life insurance industry, IRDAI, Insurers and banks need to continue to work together to enhance customer...
Boeing 787’s emergency-power system likely active before Air India crash, WSJ reports

Boeing 787’s emergency-power system likely active before Air India crash, WSJ reports

by AIP Online Bureau | Jun 19, 2025 | Eco/Invest/Demography, International News, Regulation, Risk Management

The preliminary finding raise questions about whether the plane’s engines functioned properly during takeoff, the report said. The Dreamliner was fitted with GE Aerospace’s GEnx engines. Investigators believe the Air India Boeing Dreamliner had its...
Sitharaman asks fintechs to find solutions to prevent digital arrests, cyber frauds

Sitharaman asks fintechs to find solutions to prevent digital arrests, cyber frauds

by AIP Online Bureau | Jun 19, 2025 | Eco/Invest/Demography, Indian News, Technology

Nirmala Sitharaman, Finance Minister Speaking at the Digital Payments Awards 2025 Ceremony , Sitharaman said it is important to ensure that startup companies come up with solutions so that people are not arrested at home digitally, or fly by night operators...
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