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Motor Insurance: Driven by technology

Motor Insurance: Driven by technology

by AIP Online Bureau | Jun 9, 2025 | Articles, Technology

One of the most notable societal benefits of telematics in motor insurance is its ability to influence driving behavior positively. By tracking metrics such as speed, braking patterns, and adherence to traffic rules, insurers can encourage safer driving habits....
AIC pays Rs7,057 crore of claims to over 1.12 crore farmers in FY25: Chairperson

AIC pays Rs7,057 crore of claims to over 1.12 crore farmers in FY25: Chairperson

by AIP Online Bureau | Jun 3, 2025 | Eco/Invest/Demography, Indian News, Non-Life

Lavanya R. Mundayur, CMD, Agriculture Insurance Company Crop insurance isn’t just a business—it’s a developmental tool for the entire rural ecosystem. It demands long-term commitment, timely claim settlement, use of technology for risk management, and a...
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(IIS), aims to provide...
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,...
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