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SCOR strengthens cyber capabilities by partnering with Baobab Insurance
SCOR has partnered with German digital risks MGA Baobab Insurance...
India’s vast internet, social media apps market
Alphabet and Meta do not officially disclose country-specific...
Economic Survey 2025-26:Towards a healthy India
Obesity is rising at an alarming rate and is today a major public health challenge in India. Driven by unhealthy diets, lifestyle changes, including sedentary lifestyles, increased consumption of ultra-processed foods (UPFs), it is affecting people across all age...
Insurance sector remains constrained by a high-cost distribution model inflating protection cost:Economic Survey
Nirmala Sitharaman Union Minister for Finance and Corporate Affairs The insurance sector stands at a pivotal juncture, as it remains constrained by a ‘low-penetration, high-cost’ equilibrium driven by a high-cost distribution model that has inflated the cost of...
Crashed aircraft killing Ajit Pawar solely insured by ICICI Lombard General for Rs50 crore, has reinsurance support
ICICI Lombard General Insurance has reinsurnace support for providing the cover to the business aircraft by ceding manadatory four per cent to state owned GIC Re along with a treaty policy wth Munich Re The Learjet 45 (LJ45), a mid-size business jet aircraft produced...
Nvidia unveils AI tools and models for faster weather forecasting
Mike Pritchard, the director of climate simulation research for Nvidia and a professor of earth system sciences at the University of California, Irvine, said that one of the practical business applications of the new weather models will be in the insurance industry....
Budget 26-27:Repositioning general insurance as essential economic and social infrastructure
Significant focus on insuring houses and SME/MSMEs is also critical to ensure that the asset and lifestyle creation of India is not at risk due to physical or economic volatility. With rising climate linked events, rapid urbanisation, and increasing asset ownership...
IRDAI’s mandatory online Reinsurance Exchange begins on Apr1, to include brokers, offline payment
This innovative system, with a view to transforming India’s reinsurance landscape, brings together all key stakeholders (Cedants(insurers) , Intermediaries and Reinsurers) onto a single, unified platform that transforms how reinsurance transactions totalling Rs 1.14...
NHA chief emphasises strategic importance of building a trusted, federated AI ecosystem for healthcare
Citing AB PM-JAY (Ayushman Bharat Pradhan Mantri Jan Aarogya Yojana) and the Ayushman Bharat Digital Mission (ABDM), Barnwal underscored the importance of developing AI solutions that are context-ready, inclusive, and reflective of India’s demographic and regional...
Centre releases 2nd white paper on strengthening AI governance
The White Paper, released by the Office of the Principal Scientific Adviser to the Government, emphasises the contours of a "techno-legal" AI governance framework that aims to mitigate risks while preserving flexibility and innovation. New Delhi: The Centre on Friday...
SC notice to Centre, CBI on plea of ex-banker duped of Rs 23 cr in ‘digital arrest’
A bench of Chief Justice Surya Kant and Justice Joymalya Bagchi has issued notices to the Union of India, Central Bureau of Investigation (CBI), Reserve Bank of India (RBI) and others on the plea filed by Naresh Malhotra. The plea has sought directions to the banks...
Japan shuts down world’s largest nuclear plant hours after restart
TEPCO, as the utility is known, said it was forced to stop the process for the No. 6 reactor at its Kashiwazaki Kariwa plant on Thursday due to an issue with an electrical part, according to a spokesperson. Tokyo:Tokyo Electric Power Co., Japan’s largest utility,...