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Swiss Re launches Swiss Re Life Guide Scout, a Generative AI-powered underwriting assistant

Swiss Re launches Swiss Re Life Guide Scout, a Generative AI-powered underwriting assistant

by AIP Online Bureau | Apr 22, 2024 | International News, Life, Reinsurance, Risk Management, Technology

Catrin Hinkel, CEO Microsoft Switzerland, said, “By integrating Microsoft Azure OpenAI, Swiss Re can unlock the power of advanced analytics and Generative AI to provide new capabilities to the insurance market through a secure, compliant, and reliable cloud...

Indian insurance ecosystem shows limited appetite for pure risk policy: JM Financial

by AIP Online Bureau | Apr 22, 2024 | Data, Eco/Invest/Demography, Regulation, Risk Management

In the last three years, while individual savings and investments in fixed deposits or equities markets vary with market conditions, the investment in insurance products remained constant at 18 per cent of individual financing funds. Insurance has consistently...

Hybrid MFs see net inflow of Rs 1.45 lakh crore

by AIP Online Bureau | Apr 21, 2024 | Data, Eco/Invest/Demography, Wealth Management/ Philanthropy

Hybrid funds are mutual fund schemes that typically invest in a combination of equity and debt securities and sometimes in other asset categories such as gold Hybrid mutual fund schemes have seen a resurgence in 2023-24, garnering Rs 1.45 lakh crore in investments,...
Health Insurance: IRDAI bans hike in premium for an individual policy holder due to higher claims

Health Insurance: IRDAI bans hike in premium for an individual policy holder due to higher claims

by AIP Online Bureau | Apr 21, 2024 | Health, Indian News, Non-Life, Regulation

In another major decision, the IRDAI’s new regulations have clarified that after completion of sixty continuous months of coverage (including portability and migration) in health insurance policy, no policy and claim can be contestable by the insurer on grounds...

WHO launches Patient Safety Rights Charter at Global Summit

by AIP Online Bureau | Apr 21, 2024 | Eco/Invest/Demography, Health, International News, Policy

“Everyone, everywhere, has the right to safety as a patient. The launch of the Charter is a tangible step forward in achieving a safer, more equitable world. The charter will be a key resource in assisting countries in integrating essential concepts such as patient...
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