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RBI flags AI-Powered cyberattacks as biggest threat to banks, NBFCs

RBI flags AI-Powered cyberattacks as biggest threat to banks, NBFCs

by AIP Online Bureau | Jul 2, 2026 | Eco/Invest/Demography, Indian News, Non-Life, Regulation, Risk Management, Technology

“AI-enabled cyber attacks emerged as the most important near-term challenge,” it said in the comments that come amid heightened commentary around the capabilities of systems like Mythos. Mumbai:Artificial intelligence-enabled cyberattacks were classified...
IRDAI issues license to Prudential HCL Health Insurance

IRDAI issues license to Prudential HCL Health Insurance

by AIP Online Bureau | Jul 1, 2026 | Health, Indian News

Prudential Health India.Prudential plc (UK) and HCL Group announced a 70:30 joint venture in March 2025 to launch a standalone health insurance business in India. Hyderabad: The Insurance Regulatory and Development Authority of India (IRDAI) has granted Certificate of...
Hormuz half-open: tanker fleet prices in recovery hope

Hormuz half-open: tanker fleet prices in recovery hope

by AIP Online Bureau | Jun 30, 2026 | Eco/Invest/Demography, International News, Non-Life, Reinsurance

Daily rates for a VLCC from the Middle East to China are currently quoted around $287,000, which is down from more than $500,000 shortly before the ​peace accord was announced.In contrast, rates for chartering smaller tankers have edged higher as the heavy...
Australian consumer regulator sues Amazon over Prime Video advertising

Australian consumer regulator sues Amazon over Prime Video advertising

by AIP Online Bureau | Jun 30, 2026 | Eco/Invest/Demography, International News, Regulation, Technology

The Australian Competition & Consumer Commission said Tuesday it has commenced proceedings in the Federal Court alleging Amazon breached consumer law by including unfair contract terms in its Prime subscription contracts. It also alleges Amazon later relied on...
Stop miscommunicating, build trust, not fear, to achieve insurance for All: Seth urges life insurers

Stop miscommunicating, build trust, not fear, to achieve insurance for All: Seth urges life insurers

by AIP Online Bureau | Jun 30, 2026 | Health, Indian News, Life, Regulation

R Doraiswamy, MD&CEO, Life Insurance Corporation and Ajay Seth, Chairman, IRDAI at an event on Tuesday in Mumbai , Seth raised concerns over selling long-term products without considering customer needs, questioning the rationale for selling term insurance to an...
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