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AI’s biggest challenge is restoring trust in Indian insurance industry: PwC

AI’s biggest challenge is restoring trust in Indian insurance industry: PwC

by AIP Online Bureau | Jul 7, 2026 | Indian News, Life, Non-Life, Technology

L-R-Girija Subramanian, CMD, New India Assurance, G Srinivasan, MD&CEO, Galaxy Insurance,SK Kanwar of Reliance Industries, BC Patnaik, Director, National Insurance Academy, Amit Roy, Partner and Leader, Insurance & Allied Business, PwC releasing PwC’s...
Stop miscommunicating, build trust, not fear, to achieve insurance for All: Seth urges life insurers

Stop miscommunicating, build trust, not fear, to achieve insurance for All: Seth urges life insurers

by AIP Online Bureau | Jun 30, 2026 | Health, Indian News, Life, Regulation

R Doraiswamy, MD&CEO, Life Insurance Corporation and Ajay Seth, Chairman, IRDAI at an event on Tuesday in Mumbai , Seth raised concerns over selling long-term products without considering customer needs, questioning the rationale for selling term insurance to an...
Financial advisor gets 2-year RI, fined Rs 30 lakh in breach of trust case

Financial advisor gets 2-year RI, fined Rs 30 lakh in breach of trust case

by AIP Online Bureau | May 17, 2026 | Eco/Invest/Demography, Indian News, Wealth Management/ Philanthropy

The court, in the judgment passed on Saturday, ordered that the entire fine amount of ₹30 lakh, once recovered, be paid as compensation to the woman, a resident of Thane in Maharashtra. Thane: A Thane court has sentenced a financial advisor to two years rigorous...

Systemic leakages of Rs 10 000 cr annually in insurance sector eroding trust: Report

by AIP Online Bureau | Nov 21, 2025 | Eco/Invest/Demography, Health, Indian News, Non-Life, Risk Management, Technology

To address this, the report outlined a three-pillar framework of prevention, detection, and deterrence, underpinned by the enablers of standardisation, technology, and data interoperability NEW DELHI: Systemic leakages due to fraud, waste, and abuse (FWA) of...
SEBI panel soon to work on conflict of interest rules for board members: Report

SEBI panel soon to work on conflict of interest rules for board members: Report

by AIP Online Bureau | Mar 24, 2025 | Eco/Invest/Demography, Indian News, Regulation, Risk Management

“We need to not only create trust of all stakeholders in us (SEBI) but we also need to maintain that trust. To that extent, we need to be more transparent, including on various other measures such as conflict of interest of the (SEBI) board and so on,” SEBI Chairman...
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