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Gallagher Re flags AI risks, catastrophe shifts and softer reinsurance market in APAC

Gallagher Re flags AI risks, catastrophe shifts and softer reinsurance market in APAC

by AIP Online Bureau | Oct 27, 2026 | Eco/Invest/Demography, Intermediaries, International News, Non-Life, Reinsurance, Risk Management

Non-life premium growth across the region slowed to 5.1% from 7% in 2024, its lowest level since 2021, reflecting softer pricing in mature markets and portfolio rationalisation. Singapore: Asia-Pacific’s insurance industry continues to offer substantial growth...
PK Mishra calls for AI-enabled early warning systems to reduce disaster risk

PK Mishra calls for AI-enabled early warning systems to reduce disaster risk

by AIP Online Bureau | Oct 27, 2026 | Climate, Environment, Renewable Energy, Disaster & Management, Eco/Invest/Demography, Indian News, Technology

PK Mishra, Principal Secretary to the Prime Minister Addressing the meeting of senior officials on disaster risk reduction, convened by the United Nations Office for Disaster Risk Reduction (UNDRR) and co-chaired by India and the United Kingdom, he highlighted the...
AI could unlock USD 2.52 trillion in annual global economic value, rising costs pose risk: McKinsey

AI could unlock USD 2.52 trillion in annual global economic value, rising costs pose risk: McKinsey

by AIP Online Bureau | Oct 24, 2026 | Eco/Invest/Demography, International News, Risk Management, Technology

The research identified financial services as the sector with the largest potential economic gains from AI, estimated at USD 530 billion annually, followed by education at USD 410 billion, technology, media and telecommunications at USD 360 billion, and healthcare at...
AI-discovered bugs may soon trigger fresh disruptions, cyber experts say

AI-discovered bugs may soon trigger fresh disruptions, cyber experts say

by AIP Online Bureau | Oct 23, 2026 | Eco/Invest/Demography, International News, Risk Management, Technology, Workplace/Employee Benefits

The outages that spread across government sites in Europe and elsewhere beginning on Wednesday happened after the discovery of weaknesses in PHP, ⁠a venerable programming language that powers a huge swath of the internet. Operators have been rushing to fix their...
AI agents can pose insider security risks even without being hacked: Microsoft

AI agents can pose insider security risks even without being hacked: Microsoft

by AIP Online Bureau | Oct 19, 2026 | Eco/Invest/Demography, Risk Management, Technology

Microsoft warned that AI agents increasingly have access to sensitive corporate data, tools and systems, allowing them to make decisions and take actions in critical business processes.The warning comes as companies increasingly use AI agents to automate business...
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