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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...
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...
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