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DBS drops plans to form an insurance partnership in India and Taiwan, bids fail to match value expectations

DBS drops plans to form an insurance partnership in India and Taiwan, bids fail to match value expectations

by AIP Online Bureau | May 30, 2025 | Banking & Bancassurance, Eco/Invest/Demography, International News

DBS was working with Goldman Sachs Group Inc as it weighed forming insurance partnerships in India and Taiwan, and some products in Singapore, in a transaction that could have been valued at a few hundred million dollars. DBS Group Holdings Ltd has shelved plans to...
Emerging Talent Trend: Skills to succeed in a changing insurance industry

Emerging Talent Trend: Skills to succeed in a changing insurance industry

by AIP Online Bureau | May 29, 2025 | Articles, Life, Non-Life, Reinsurance, Workplace/Employee Benefits

In US insurance industry, data scientists are emerging as the fastest-growing segment,reflecting the industry’s shift toward technology and analytics-driven decision-making. The Shin Research study, released by the International Insurance Society, aims to provide a...
LIC net profit rises 38 % to Rs19,013 crore in Q4FY25, health insurance venture in next 2/3 months, says CEO

LIC net profit rises 38 % to Rs19,013 crore in Q4FY25, health insurance venture in next 2/3 months, says CEO

by AIP Online Bureau | May 27, 2025 | Health, Indian News, Life, Regulation

Siddhartha Mohanty, CEO & M D, Life Insurance Corporation On the proposed health insurance joint venture, Siddhartha Mohanty, CEO & M D, LIC, said, “ We are yet to finalise our plans to foray in to health insurance. The proposal has to be taken to the board,...
Enable, Embed and Evolve: 3 essential phases of AI transformation in a customer-centric enterprise

Enable, Embed and Evolve: 3 essential phases of AI transformation in a customer-centric enterprise

by AIP Online Bureau | May 26, 2025 | Articles, Life, Non-Life, Risk Management, Technology

“Insurance leaders need a clear strategy to unlock value and achieve AI driven transformation and achieve long-term success, one that involves not only integrating AI into their existing systems but also fostering a culture of innovation and adaptability. By doing so,...

Aircraft lessor SMBC proceeds from Russian jet insurance settlements hit $1.4 billion

by AIP Online Bureau | May 22, 2025 | International News, Non-Life, Reinsurance

That brought SMBC’s total recoveries from claims following the sanctions over Moscow’s war in Ukraine to $1.41 billion. It was one of six lessors that ended an Irish lawsuit against their insurers last month following a series of settlements Dublin: Aircraft lessor...
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