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FM calls for right balance of regulations, freedom

FM calls for right balance of regulations, freedom

by AIP Online Bureau | May 20, 2025 | Eco/Invest/Demography, Indian News, Regulation, Risk Management, Workplace/Employee Benefits

Nirmala Sitharaman,Finance Minister Touching upon the emergence of new technologies, Sitharaman, who is also in charge of the Corporate Affairs Ministry, said artificial intelligence technologies raise novel questions about market power, transparency, data access,...

Lloyd’s and Bermuda Monetary Authority to foster innovation and education access

by AIP Online Bureau | May 29, 2024 | International News, Non-Life, Regulation, Reinsurance, Risk Management, Technology

“This joint agreement will ensure we share the knowledge and expertise needed to deliver the products and solutions to tackle our customer’s challenges and support the growth ambitions of our markets in the years to come” London: Lloyd’s, the world’s leading...
Lloyd’s to collaborate with Bermuda Monetary Authority to foster innovation and education access

Lloyd’s to collaborate with Bermuda Monetary Authority to foster innovation and education access

by AIP Online Bureau | Mar 14, 2024 | Eco/Invest/Demography, International News, Non-Life, Reinsurance, Risk Management

The Lloyd’s Lab programme provides a 10 week fast tracked incubator to enable an environment where great ideas can develop into practical outcomes, with the support of industry experts. The programme sees experienced individuals and teams bring forward creative and...
AI regulations: Key considerations to ensure customer protection without compromising innovation

AI regulations: Key considerations to ensure customer protection without compromising innovation

by AIP Online Bureau | Sep 14, 2023 | Articles, Policy, Regulation, Risk Management, Technology

Despite the benefits AI offers to both customers and insurers, however, there are concerns around privacy and the risk of potential discrimination, as well as the lag between the pace of development of AI technologies and corresponding regulatory frameworks, cautioned...

Global nonlife insurers leverage innovation for financial strength: AM Best

by AIP Online Bureau | Mar 16, 2022 | International News, Non-Life, Reinsurance, Technology

The report notes that innovative companies may need to make a trade-off between higher expense ratios in the short run for lower and more-sustainable combined ratios in the long run OLDWICK, N.J: Five-year benchmarking analysis of AM Best-rated nonlife companies’...
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