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SHANTI Act draft rules mandate insurance cover for nuclear plant operators
According to the draft rules, the Centre has to, once every five...
AI could cut cost of running insurance by eliminating repetitive work: Report
"AI is helping insurers analyze documents and identify missing...
Pradhan Mantri Suraksha Bima Yojana̤:Expanding financial safety net nationwide
New India Assurance(NIA) has established tie-ups with 316 banks,actively servicing around 8 crore account holders under the scheme in the financial year 2025-26 alone. This massive outreach has resulted in a total underwritten premium of approximately Rs.158 crores...
Labour reforms:Govt fully operationalises four new codes by publishing rules
The codification of 29 existing labour laws into the four labour codes was undertaken to address long-standing challenges and make the system more efficient and contemporary.The codification aims to enhance ease of doing business, promote employment generation, ensure...
Transparency in claim settlement central to building trust among empanelled hospitals for AB PM-JAY:NHA CEO
Sunil Kumar Barnwal, Chief Executive Officer, National Health Authority, Sunil Kumar Barnwal, Chief Executive Officer, National Health Authority, noted that India is among the first countries in the Global South to establish such a platform for validating AI solutions...
Hormuz Strait shuts after US-Iran clashes
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...
Agentic AI may help insurers reduce cost, complexity of tech modernisation: Report
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...
Global InsurTech funding reaches in $1.63 billion in Q1:Gallagher Re
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...
FM launches new insurance policy for manufacturers
“FM Essential brings together engineering insight, data analytics and competitive risk transfer capabilities to help manufacturers navigate complexity and focus investment where it has the greatest impact.” Alex Tadmoury, executive vice president, International, at FM...
Iran sets Hormuz transit rules; Shipowners stay cautious
Iran’s Islamic Revolutionary Guard Corps said Wednesday that “safe, stable passage” through the waterway will be possible with “new protocols in place.” That came soon after a report that the US had proposed a peace deal, which Tehran is now considering. Iran has laid...
MS Amlin launches industry-first property treaty consortium, to boost capacity for global data centres
The Property Treaty Per Risk (PPR) Consortium,bringing together four Lloyd’s syndicates, expands MS Amlin’s maximum line size from $50m to $67.5m, providing a 35% uplift in capacity for placements while maintaining a single coordinated underwriting and claims...
Oil trader’s lawsuit exposes fragility in global freight pricing system”
The case is the latest example of how oil traders and shippers are struggling to adjust to the disruption wrought by the near-closure of the Strait of Hormuz, with executives and lawyers already predicting a slew of legal disputes. A legal claim from one of the...