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Former Kia India workers, scrap dealers face probe over theft of 1,008 engines

Former Kia India workers, scrap dealers face probe over theft of 1,008 engines

by AIP Online Bureau | Jun 4, 2025 | Indian News, Risk Management, Workplace/Employee Benefits

An initial police investigation found two former Kia India factory workers – a team leader and a head of section in the engine dispatch section – were involved in illegally transporting the engines from the factory using forged invoices and manipulated...

Riskcovry launches first Model Context Protocol server as a distribution platform

by AIP Online Bureau | Jun 3, 2025 | Briefs, Health, Intermediaries, Life, Non-Life, Technology

Riskcovry, an insurtech infrastructure platform, has launched the country’s first Model Context Protocol (MCP) server for India’s insurance sector. A dedicated infrastructure designed specifically for insurance distribution use cases, the MCP server allows...

Bank deposits grew by 10% in FY25, growth decline from 13% recorded in FY24: RBI Data

by AIP Online Bureau | Jun 3, 2025 | Banking & Bancassurance, Data, Eco/Invest/Demography, Wealth Management/ Philanthropy

The RBI data showed a clear trend of increasing preference for term deposits over the past few years. Higher interest rates on these deposits encouraged more people to invest in them. New Delhi: The growth of bank deposits in India slowed down to 10.6 per cent...

Aircraft makers need to come out with SOPs for airlines to deal with GPS spoofing situations IATA

by AIP Online Bureau | Jun 3, 2025 | International News, Risk Management, Technology

Airlines have been reporting GPS interference with their flights in different parts of the world, especially while flying near or over conflict zones. New Delhi: Amid flights facing rising instances of GPS interference and spoofing, global airlines’ grouping...
AIC pays Rs7,057 crore of claims to over 1.12 crore farmers in FY25: Chairperson

AIC pays Rs7,057 crore of claims to over 1.12 crore farmers in FY25: Chairperson

by AIP Online Bureau | Jun 3, 2025 | Eco/Invest/Demography, Indian News, Non-Life

Lavanya R. Mundayur, CMD, Agriculture Insurance Company Crop insurance isn’t just a business—it’s a developmental tool for the entire rural ecosystem. It demands long-term commitment, timely claim settlement, use of technology for risk management, and a...
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