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AI to reshape insurance economics, drive scale and specialisation: McKinsey

AI to reshape insurance economics, drive scale and specialisation: McKinsey

by AIP Online Bureau | Aug 1, 2026 | Data, Eco/Invest/Demography, Life, Non-Life, Technology

The report said insurers will increasingly have to choose between competing through scale and cost or through deep specialisation, while building the technology, data and operating capabilities required to respond at “technology speed”. Companies that...
Red Sea shipping slows as security threats, insurance curbs reshape vessel routes: S&P Global

Red Sea shipping slows as security threats, insurance curbs reshape vessel routes: S&P Global

by AIP Online Bureau | Jul 28, 2026 | Eco/Invest/Demography, International News, Non-Life, Reinsurance

S&P Global said daily traffic through the Bab el-Mandeb remained subdued, recording 32 vessel transits on July 26 after 26 on July 25 and 36 on July 24. The decline coincided with reports that several major insurers had suspended war-risk cargo cover for...
IRDAI cracks down on 99% Fire Insurance discounts amid pricing war

IRDAI cracks down on 99% Fire Insurance discounts amid pricing war

by AIP Online Bureau | Jul 26, 2026 | Indian News, Non-Life, Regulation, Reinsurance, Risk Management

Although India’s general insurance market has been de-tariffed, allowing insurers to determine their own pricing since Apr 1,2024, the IRDAI reminded companies that premiums must remain aligned with board-approved underwriting policies and prudent risk...
New India aims for 50:50 corporate-retail portfolio as insurance sector enters new era

New India aims for 50:50 corporate-retail portfolio as insurance sector enters new era

by AIP Online Bureau | Jul 23, 2026 | Eco/Invest/Demography, Indian News, Non-Life, Reinsurance, Technology

From Lto R- G Srinivasan, MD& CEO, Galaxy Health Insurance, SK Kanwar, advisor, Reliance Industries,S. Sivasankar, executive director, New India Assurance(NIA),Girija Subramanian, CMD, NIA at NIA’s 108th Foundation Day celebration on Wednesday in Mumbai...
Insurance woes amid US-Iran war stall airlines’ return to Dubai

Insurance woes amid US-Iran war stall airlines’ return to Dubai

by AIP Online Bureau | Jul 21, 2026 | Eco/Invest/Demography, International News, Non-Life, Reinsurance

International carriers’ operations to Dubai are growing but some key European airlines still aren’t making the trip because of government travel advisories for the region, according to Dubai Airports Chief Executive Officer Paul Griffiths. “They are having difficulty...
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