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Cyberattack costs Marks & Spencer $403 million in operating profit

Cyberattack costs Marks & Spencer $403 million in operating profit

by AIP Online Bureau | May 21, 2025 | Eco/Invest/Demography, International News, Non-Life, Reinsurance, Risk Management, Technology

The British retailer will try to mitigate the impact with cost savings and insurance payouts, it said Wednesday. Online clothing and home orders, which account for more than £3 million of sales a day and have been suspended for more than three weeks, will be disrupted...
Bajaj Group get CCI’s nod to acquire Allianz’s 26 pc stake in insurance JVs for Rs 24,180 cr

Bajaj Group get CCI’s nod to acquire Allianz’s 26 pc stake in insurance JVs for Rs 24,180 cr

by AIP Online Bureau | May 20, 2025 | Indian News, Intermediaries, Life, Non-Life, Workplace/Employee Benefits

“CCI approves the proposed combination involving acquisition of stake in Bajaj Allianz Life Insurance Company, Bajaj Allianz General Insurance Company and Bajaj Allianz Financial Distributors by Bajaj Finserv, Bajaj Holdings & Investment and Jamnalal...
UK’s financial regulator to relax rules for pushing insurance to large companies

UK’s financial regulator to relax rules for pushing insurance to large companies

by AIP Online Bureau | May 14, 2025 | Eco/Invest/Demography, International News, Non-Life, Regulation, Reinsurance

The changes aim to better differentiate big corporates from smaller businesses that take out insurance, the Financial Conduct Authority said in an emailed statement on Wednesday. The move would “ease the burden on firms insuring larger businesses that can manage risks...
Apollo 24|7 forays into online insurance distribution, plans to launch products from 12 insurers

Apollo 24|7 forays into online insurance distribution, plans to launch products from 12 insurers

by AIP Online Bureau | May 14, 2025 | Health, Indian News, Intermediaries, Life, Non-Life, Regulation

It has secured regulatory approval to operate as a corporate agent and will soon begin distributing Health, Life, and General Insurance products on its platform for its customers, said Apollo HealthCo CEO Madhivanan Balakrishnan. All plans will be bundled with...
GI Council set to launch Motor Insurance reforms

GI Council set to launch Motor Insurance reforms

by AIP Online Bureau | May 7, 2025 | Indian News, Non-Life, Technology

Though the details of the Motor Insurance agenda is yet to be known, sources said like common empanelment of hospitals  and standard rates in the Health Insurance, there will be nationwide common empanelment of garages with standard rates. Mumbai:After undertaking the...
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