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Hormuz Strait shuts after US-Iran clashes

Hormuz Strait shuts after US-Iran clashes

by AIP Online Bureau | May 8, 2026 | Eco/Invest/Demography, International News, Non-Life, Reinsurance

President Donald Trump again threatened more intense strikes if Iran refuses his terms. Tehran responded, saying on X that the continued hostile action against Iran “highlights the confusion and inability of the ruling authorities in the United States to properly...
Pradhan Mantri Jeevan Jyoti Bima Yojana:Driving India’s financial inclusion push

Pradhan Mantri Jeevan Jyoti Bima Yojana:Driving India’s financial inclusion push

by AIP Online Bureau | May 8, 2026 | Articles, Banking & Bancassurance, Eco/Invest/Demography, Life, Pension & Social Security

R. Doraiswamy, CEO and MD, Life Insurance Corporation Many families remain unaware of Pradhan Mantri Jeevan Jyoti Bima Yojana or that premiums were paid for deceased members, with no physical policy document issued.In the absence of a nominee, families must undergo...
Agentic AI may help insurers reduce cost, complexity of tech modernisation: Report

Agentic AI may help insurers reduce cost, complexity of tech modernisation: Report

by AIP Online Bureau | May 8, 2026 | Eco/Invest/Demography, Life, Non-Life, Technology

According to the report, insurers that combine reusable AI capabilities with strong governance and platform discipline can accelerate the decommissioning of legacy systems while maintaining operational control. Agentic AI presents an opportunity to fundamentally...
Govt exploring fractional aircraft ownership policy, considering aircraft as infrastructure assets: Civil Aviation Minister

Govt exploring fractional aircraft ownership policy, considering aircraft as infrastructure assets: Civil Aviation Minister

by AIP Online Bureau | May 8, 2026 | Eco/Invest/Demography, Indian News, Policy

Ram Mohan Naidu,Union Civil Aviation Minister Addressing the India Aircraft Leasing and Financing Summit 2.0 at GIFT City in Gandhinagar, the minister said the Ministry of Civil Aviation is engaging with the Ministry of Finance to develop forward-looking aviation...
Global InsurTech funding reaches in $1.63 billion in Q1:Gallagher Re

Global InsurTech funding reaches in $1.63 billion in Q1:Gallagher Re

by AIP Online Bureau | May 8, 2026 | International News, Non-Life, Reinsurance, Technology

AI-focused companies dominated the quarter, accounting for 95.2% of total funding — a record share. These firms raised USD 1.55 billion across 68 deals, with all of the ten largest funding rounds going to AI-led businesses. Global InsurTech funding remained resilient...
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