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AM Best maintains stable outlook on global cyber insurance segment

AM Best maintains stable outlook on global cyber insurance segment

by AIP Online Bureau | Jul 10, 2025 | International News, Non-Life, Reinsurance, Risk Management, Technology

The AI-driven proliferation of cyber-attacks also can increase the scale and complexity of attacks. Additionally, the ongoing challenge of ransomware, business email compromise and funds transfer fraud continues to escalate Rating agency AM Best said it is maintaining...

China’s blistering heat leaves workers exposed as gig economy booms

by AIP Online Bureau | Jul 9, 2025 | Climate, Environment, Renewable Energy, Eco/Invest/Demography, Health, International News

Almost half of China’s platform workers don’t have any social insurance coverage, and fewer than a third of the total working population have insurance for work-related injuries, research shows. On a scorching morning in Beijing, Hao and a dozen other food delivery...

China economy to top $19.5 trillion this year, says state planner

by AIP Online Bureau | Jul 9, 2025 | Eco/Invest/Demography, International News, Policy

Zheng Shanjie, chair of the National Development and Reform Commission highlighted progress made under the 2021–2025 five-year plan, which focuses on key priorities such as economic development, technological innovation, green transformation, and improvements in...

Credit fund’s collapse leads to $1 billion lawsuit against EY

by AIP Online Bureau | Jul 9, 2025 | Eco/Invest/Demography, International News

In a claim filed with Ontario’s Superior Court last month, PricewaterhouseCoopers alleged that EY issued unqualified opinions on Bridging’s books from 2014 to 2020 despite red flags, including inflated asset values and hidden defaults. Bridging Finance Inc.’s receiver...

Go Digit General Insurance gets Bombay HC relief on GST demand

by AIP Online Bureau | Jul 9, 2025 | Briefs, Non-Life, Regulation

After ICICI Lombard General Insurance, the Bombay High Court has set aside a Rs 170.29 crore GST demand against Prem Watsa invested Go Digit General Insurance and ordered the tax department to reconsider the case. An assessment was raised by the Chennai South GST...
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