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RBI says fully prepared for ‘Mythos’ cyber threat; advisories issued to regulated entities

RBI says fully prepared for ‘Mythos’ cyber threat; advisories issued to regulated entities

by AIP Online Bureau | Jun 5, 2026 | Banking & Bancassurance, Eco/Invest/Demography, Indian News, Technology

“We have issued the required advisories. We remain fully prepared in terms of handling cyber security threats of this nature as well as conventional threats,” RBI Deputy Governor Swaminathan J said Mumbai:The Reserve Bank of India (RBI) on Friday said it...
Ind AS to boost transparency, governance and capital efficiency in insurance sector: Ajay Seth

Ind AS to boost transparency, governance and capital efficiency in insurance sector: Ajay Seth

by AIP Online Bureau | Jun 5, 2026 | Eco/Invest/Demography, Indian News, Regulation, Risk Management

Ajay Seth, chairman, IRDAI Seth encouraged insurers to actively leverage the Joint Expert Group on Ind AS, comprising representatives from IRDAI, ICAI, IAI, NFRA and SEBI, as a platform for seeking guidance and resolving implementation-related issues during the...
Kiwi General Insurance launches operations

Kiwi General Insurance launches operations

by AIP Online Bureau | Jun 5, 2026 | Indian News, Non-Life, Technology

“Indian consumers have a real trust deficit in insurance. With Kiwi, we’re using technology and AI to solve the problems of affordability, reach, and convenience,“ Nilesh Garg,chairman,founder, Kiwi Insurance Mumbai:Bengaluru based Kiwi General Insurance, backed...
Bharat Maritime Insurance Pool pushes down war-risk premiums for Hull and Cargo by 27-48%:Govt

Bharat Maritime Insurance Pool pushes down war-risk premiums for Hull and Cargo by 27-48%:Govt

by AIP Online Bureau | Jun 5, 2026 | Eco/Invest/Demography, Indian News, Non-Life, Reinsurance

Debasish Prusty, additional secretary, Department of Financial Services The re/insurers should explore the future roadmap in three steps: achieving sovereignty in maritime trade through development of a Protection and Indemnity(P&I) product domestically, scaling...
Anthropic calls for pause of global AI development

Anthropic calls for pause of global AI development

by AIP Online Bureau | Jun 5, 2026 | Eco/Invest/Demography, International News, Risk Management, Technology

The company has faced pushback from others in the industry – and officials in the White House – who say its focus on worst-case scenarios overstates the risks and amounts to a strategy for slowing rivals under the cover of safety concerns. Artificial...
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