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Trump says Iran and Oman will not control Strait of Hormuz, deal remains elusive

Trump says Iran and Oman will not control Strait of Hormuz, deal remains elusive

by AIP Online Bureau | May 27, 2026 | Eco/Invest/Demography, International News, Non-Life, Reinsurance

Trump’s comments came after Iranian state TV reported that it had obtained an unofficial draft of an agreement that would restore commercial shipping through the strategic waterway to prewar levels within a month, with Iran and Oman jointly managing traffic....
Climate Intelligence:Turning weather data into financial gain

Climate Intelligence:Turning weather data into financial gain

by AIP Online Bureau | May 27, 2026 | Articles, Climate, Environment, Renewable Energy, Eco/Invest/Demography, Non-Life, Technology

The weather was always data. We just never learned to treat it as a financial signal.That is now changing, and it is changing faster than most people realise.The missing link has always been the intelligence layer that connects real-time weather data to real-time...
Govt prepares Rs10,000 crore LIC stake sale next month

Govt prepares Rs10,000 crore LIC stake sale next month

by AIP Online Bureau | May 27, 2026 | Indian News, Life, Policy, Regulation

The government plans to sell a stake of about 2% in the state-run insurer in late June or early July to institutional investors.The Department of Investment and Public Asset Management, under India’s Finance Ministry, is working with Goldman Sachs Group Inc., Motilal...
New Mandatory Norms:IRDAI asks insurers to disclose KMP pay metrics, Policyholder Service performance on websites

New Mandatory Norms:IRDAI asks insurers to disclose KMP pay metrics, Policyholder Service performance on websites

by AIP Online Bureau | May 26, 2026 | Indian News, Life, Non-Life, Regulation, Risk Management

Ajay Seth, chairman, IRDAI “Evolving expectations of customers and needs of the economy require us to place greater emphasis on measurable customer outcomes, transparency in decision-making, responsiveness, and sustainable value creation. Accordingly, the...
GIC Re Q4 profit rises 3% to Rs 2,254 crore with underwriting profit, pays dividend of Rs 13.25 per share

GIC Re Q4 profit rises 3% to Rs 2,254 crore with underwriting profit, pays dividend of Rs 13.25 per share

by AIP Online Bureau | May 26, 2026 | Indian News, Life, Non-Life, Reinsurance

GIC Re’s Combined ratio improved marginally to 103.43 per cent in Q4FY26 from 103.56 per cent a year earlier “On the back of disciplined underwriting, consistent execution, and our strategic approach, we hope and believe that we will continue to improve and...
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