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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...
S&P revises its outlook on GIC Re South Africa to positive from stable

S&P revises its outlook on GIC Re South Africa to positive from stable

by AIP Online Bureau | Jun 29, 2025 | Indian News, Non-Life, Regulation, Reinsurance

The affirmation of the ratings on GIC Re SA reflects S&P’s expectation that the insurer will continue to benefit from ongoing financial and operational support from its wholly owned parent, GIC Re . GIC Re SA benefits from rating uplift due to the support of...

National consumer commission upholds doctor’s medical negligence, awards Rs 10 lakh compensation

by AIP Online Bureau | Jun 29, 2025 | Data, Non-Life

In an order dated June 6, the national commission said that the doctor’s hospital did not obtain “informed consent” for surgery, and the baby suffered injuries on his scalp and perichondritis of the ears, evidenced by the discharge summary of the...
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