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Generali announces Central Bank as its new joint venture partner in 2 Indian insurance JVs

Generali announces Central Bank as its new joint venture partner in 2 Indian insurance JVs

by AIP Online Bureau | Jun 30, 2025 | Banking & Bancassurance, Indian News, Life, Non-Life

Generali will be holding a 74% stake while Central Bank of India will be holding up to 26% in the joint venture Jaime Anchústegui, deputy CEO, Insurance, Generali Group, commented: “We are pleased to announce this new chapter for our business in India together with...
T’gana pharma plant explosion: Sigachi says unit fully insured, assures support to affected persons

T’gana pharma plant explosion: Sigachi says unit fully insured, assures support to affected persons

by AIP Online Bureau | Jun 30, 2025 | Indian News, Non-Life, Reinsurance, Risk Management

“The Hyderabad facility is fully insured, and we are in the process of initiating the necessary claims as per standard procedures. We remain committed to resuming operations at the earliest, with enhanced focus on safety, risk mitigation, and operational...
LIC CEO Bhanoo seeks govt push for taking insurance education to cities and schools across India

LIC CEO Bhanoo seeks govt push for taking insurance education to cities and schools across India

by AIP Online Bureau | Jun 30, 2025 | Eco/Invest/Demography, Indian News, Life, Pension & Social Security, Regulation

P. Jaipuria, secretary general, Insurance Institute of India, S.N. Bhattacharya, Secretary General, Life Insurance Council, Sat Pal Bhanoo, CEO &  MD (In-charge), Life Insurance Corporation, Inderjeet Singh, Secretary General Insurance Council, Kavita...
Gulf shipping costs drop as Israel-Iran ceasefire holds

Gulf shipping costs drop as Israel-Iran ceasefire holds

by AIP Online Bureau | Jun 30, 2025 | Eco/Invest/Demography, International News, Non-Life, Reinsurance, Risk Management

Shipping rates for supertankers, which can carry 2 million barrels of oil, jumped over the past week before the ceasefire – more than doubling to over $60,000 a day. Rates were quoted around $50,000 a day on Thursday, freight data showed. “Tanker rates …...
PwC’s AI chief says firm has cut prices as tech saves staff time

PwC’s AI chief says firm has cut prices as tech saves staff time

by AIP Online Bureau | Jun 30, 2025 | Eco/Invest/Demography, International News, Technology

“Clients would hear us talking about using AI and say, We want our fair share of those efficiencies. We certainly, as appropriate, give our clients the pricing benefit of the efficiencies we’re achieving. Like it’s competitors, PwC helps clients integrate...
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