by AIP Online Bureau | Jun 20, 2026 | Eco/Invest/Demography, International News, Non-Life, Reinsurance
U.S. President Donald Trump, in response, threatened to impose American tolls in the crucial waterway if a final deal with Iran isn’t reached in 60 days, saying the money would be for “services rendered as the Guardian Angel to the countries of the Middle East.” TYRE,...
by AIP Online Bureau | Jun 19, 2026 | Eco/Invest/Demography, Indian News, Life, Non-Life, Regulation, Workplace/Employee Benefits
In a significant change, insurers would be allowed to invest a portion of their shareholders’ funds in private limited companies. Such investments, however, will be capped at 5 per cent of the shareholders’ funds available beyond the solvency margin and...
by AIP Online Bureau | Jun 19, 2026 | Indian News, Intermediaries, Non-Life, Regulation, Reinsurance
In a move aimed at strengthening oversight of sales practices, IRDAI has proposed that every branch of a Corporate Agent designate at least one Specified Person (SP) responsible for supervising solicitation activities at that location. The regulator has also proposed...
by AIP Online Bureau | Jun 19, 2026 | Eco/Invest/Demography, International News, Non-Life, Reinsurance
The new marine war risk consortium will issue primary policies for vessels and cargo. It will provide up to $200 million of capacity separately for hull and P&I risks, with an additional $200 million of dedicated cargo capacity. Chubb will serve as lead...
by AIP Online Bureau | Jun 19, 2026 | Indian News, Life, Non-Life, Regulation, Technology
The panel, chaired by Sandeep K. Shukla, director of IIIT Hyderabad, will examine AI’s impact on insurers, policyholders and the broader insurance ecosystem, with a particular focus on ethical adoption, transparency and data security. Hyderabad:Insurance...
