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Govt asks state-run banks,insurance firms to cut costs, shift to EVs

Govt asks state-run banks,insurance firms to cut costs, shift to EVs

by AIP Online Bureau | May 18, 2026 | Eco/Invest/Demography, Indian News, Life, Non-Life, Policy

Under ⁠the new measures, all meetings, reviews and consultations must be ​conducted via video conferencing unless physical presence is deemed essential, the ​order issued by the Department of Financial Services said. NEW DELHI: India’s finance ministry directed...
Agentic AI may help insurers reduce cost, complexity of tech modernisation: Report

Agentic AI may help insurers reduce cost, complexity of tech modernisation: Report

by AIP Online Bureau | May 8, 2026 | Eco/Invest/Demography, Life, Non-Life, Technology

According to the report, insurers that combine reusable AI capabilities with strong governance and platform discipline can accelerate the decommissioning of legacy systems while maintaining operational control. Agentic AI presents an opportunity to fundamentally...
Data standardisation key prerequisite for insures to effectively leverage AI:Accord study

Data standardisation key prerequisite for insures to effectively leverage AI:Accord study

by AIP Online Bureau | May 5, 2026 | International News, Life, Non-Life, Technology

While AI is accelerating the industry’s ambitions, digital maturity is what determines whether those ambitions translate into durable advantage Study shows a widening gap between digital leaders and laggards because of how effectively they convert digital...
West Asia Conflict:Risks for global insurers could rise under protracted Iran conflict

West Asia Conflict:Risks for global insurers could rise under protracted Iran conflict

by AIP Online Bureau | Apr 16, 2026 | Articles, Eco/Invest/Demography, Non-Life, Reinsurance, Risk Management

Gulf insurers are heavily reinsured but global reinsurers have reduced exposure to the region. For diversified reinsurance groups, Fitch views the conflict at this stage as an earnings event driven by specialty lines. Rating implications from the Iran conflict will be...
Insurers have to submit compliance reports on checking “dark patters” in 15 days:IRDAI

Insurers have to submit compliance reports on checking “dark patters” in 15 days:IRDAI

by AIP Online Bureau | Apr 2, 2026 | Health, Indian News, Life, Non-Life, Regulation

Wherever non-compliance is found, an action plan with timelines for removing the dark patterns has to be submitted within one month, said the IRDAI. Dark patterns involve using design and choice architecture to deceive, coerce, or influence consumers into making...
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