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Allianz unit to cut up to 1,800 jobs in AI-driven overhaul

Allianz unit to cut up to 1,800 jobs in AI-driven overhaul

by AIP Online Bureau | Jul 8, 2026 | Eco/Invest/Demography, International News, Technology

The cuts, which they expect to take the forms of severance agreements, early retirements and similar options, will amount to between 1,500 to 1,800 positions across Europe, the unit’s chief executive officer Tomas Kunzmann said at an event late Tuesday in Munich....
Financial services AI dangers highlighted by regulator’s review

Financial services AI dangers highlighted by regulator’s review

by AIP Online Bureau | Jul 7, 2026 | Eco/Invest/Demography, International News, Regulation, Technology

Regulators globally have begun to focus more keenly on the impact of AI, from cyber and operational risks associated with frontier AI models such as Anthropic’s Mythos to the challenges posed by the agentic systems capable of acting with limited human intervention....
AI’s biggest challenge is restoring trust in Indian insurance industry: PwC

AI’s biggest challenge is restoring trust in Indian insurance industry: PwC

by AIP Online Bureau | Jul 7, 2026 | Indian News, Life, Non-Life, Technology

L-R-Girija Subramanian, CMD, New India Assurance, G Srinivasan, MD&CEO, Galaxy Insurance,SK Kanwar of Reliance Industries, BC Patnaik, Director, National Insurance Academy, Amit Roy, Partner and Leader, Insurance & Allied Business, PwC releasing PwC’s...
UK’s Cooper warns AI is emerging as decade’s greatest security risk

UK’s Cooper warns AI is emerging as decade’s greatest security risk

by AIP Online Bureau | Jul 6, 2026 | Eco/Invest/Demography, Intermediaries, Non-Life, Risk Management, Technology

Yvette Cooper, foreign secretary , UK A recent report for the United Nations warned of potentially “catastrophic outcomes” from AI being used to facilitate cybercrime, fraud and disinformation. It said the development of the technology was outpacing governments’...
AI to transform insurance, strengthen India’s risk management ecosystem: DFS Addl Secy

AI to transform insurance, strengthen India’s risk management ecosystem: DFS Addl Secy

by AIP Online Bureau | Jul 4, 2026 | Eco/Invest/Demography, Indian News, Life, Non-Life, Policy, Technology

Dr. Debasish Prusty, Additional Secretary, Department of Financial Services is addressing the India Insurance Summit 2026 in Mumbai on Friday. Girija Subramanian, Chairman and Managing Director, New India Assurance is seen on the dias. The India Insurance Summit 2026,...
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