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AI In Action: Netherlands aims to cut around 20% of government jobs over next decade
While private companies have already announced waves of AI-driven job cuts since the launch of ChatGPT in 2022, governments are some way behind. Their AI use “trails the private sector” and initiatives “often remain in pilot phases,” according to a September 2025 OECD...
EU wants countries to draw up plans to deal with warming of 3C
Europe is the fastest warming continent due to climate change and could see average temperatures rise up to 5C by 2100, according to a draft document seen by Bloomberg News. The EU’s 27 member states will be required to come forward with national plans for how they...
S&P assigns first-time A- Long-term Issuer Credit and Financial Strength Ratings to Peak Re, Outlook Stable
Victor Kuk, chief executive officer of Peak Re, commented: “We are pleased that S&P’s first rating of Peak Re is aligned with the strong financial strength ratings we hold from AM Best and Moody’s. It provides further independent recognition of our strong market...
Canara HSBC Life Insurance earns ‘Leader’ ESG Rating from NSE
Canara HSBC Life Insurance Company has been recognised in the 'Leader' Rating Category in the FY2026 Environmental, Social and Governance (ESG) assessment conducted by NSE Sustainability Ratings & Analytics Limited. The company achieved an overall ESG score of 71,...
Right Cover: Why your 30s are ideal for Term Insurance
When choosing a life insurance company to buy a term plan, one should look at the quarterly claim settlement ratio over a period of few years, the average claim amount paid, and the percentage value of claims paid (total value of claims paid divided by the total value...
Andhra worst hit by Cyclone Arnab, 3 killed
“The system has now fully entered the landmass. It has been downgraded from a ‘very severe cyclonic storm’—a category based on wind speed—to a ‘severe cyclonic storm.’ It is projected that within the next six hours—by this afternoon—it will weaken further into a...
BlackRock’s 15th-annual survey: Inflation risk remains the most cited macro concern for insurers
Mirroring broader headlines across industries, insurers continue to invest in artificial intelligence (AI), as 60% of respondents report at least one scaled or embedded AI use case. Adoption is broad but scaling remains uneven - scaled or embedded applications are...
Guidewire to buy UK insurance AI firm hyperexponential in deal worth up to $2.1 billion
“Insurance is a distinctly complex industry, where the quality of risk decisions has an immense impact on business outcomes. Guidewire and hyperexponential are uniquely positioned to deliver industry-specific AI solutions that will transform commercial underwriting....
FM announces $855 million resilience credit to support investment in risk reduction
“For two years in a row, we’ve been able to provide an enhanced 10% resilience credit—a testament to the work our clients do every day to drive lasting protection.When our clients invest in loss prevention and achieve strong results, our mutual model allows us to...
Gallagher Re flags AI risks, catastrophe shifts and softer reinsurance market in APAC
Non-life premium growth across the region slowed to 5.1% from 7% in 2024, its lowest level since 2021, reflecting softer pricing in mature markets and portfolio rationalisation. Singapore: Asia-Pacific’s insurance industry continues to offer substantial growth...
Govt mulls cutting LTCG tax on equities ahead of Budget 2027-28: Sources
The proposed reduction is being considered against the backdrop of weak or negative market returns over the past two years, sluggish wage growth and rising retail investor participation.Concerns have also emerged over whether domestic mutual fund inflows can continue...
Every pothole to be accounted for, officials compromising quality may face blacklisting: Union Minister Gadkari
Nitin Gadkari ,Union Minister for Road Transport and Highways Gadkari said discussions were underway with the Chief Minister of Bihar to sign a Memorandum of Understanding allowing the highway authority to conduct river dredging free of charge, using the silt in...
SC slams medicine markups, questions Centre over price controls
A bench of Justices Vikram Nath and Sandeep Mehta criticised the government’s approach to medicine price regulation, observing that the National Pharmaceutical Pricing Authority (NPPA) appeared “totally defunct”. New Delhi: The Supreme Court on Tuesday questioned the...
Satellite connectivity can ensure communication during disasters, speed up emergency response: BSNL CMD
Robert J Ravi,Chairman and Managing Director,BSNL Ravi said satellite connectivity could also support remote healthcare by enabling live video consultations between primary health centres and district hospitals, with drones potentially delivering medicines and other...
S&P affirmsd its ‘A-‘ long-term issuer credit and financial strength ratings on India International Insurance Pte
``While India International plans to expand cautiously in cargo and property lines, we do not expect this to materially alter the premium mix or weaken its risk profile.In our view, rising geopolitical tensions and supply-chain disruptions will moderate India...
PHP vulnerabilities raises concerns of systemic event for cyber insurers
A significant gap between economic and insured losses is expected in this event, highlighting the importance of cyber insurance. In addition, insured losses may extend beyond cyber into directors and officers insurance as regulatory and governmental bodies in the...
Distribution Reforms must be built on consensus: IRDAI Chief
Ajay Seth , chairman, IRDAI Bima Sugam, the game changing e-market place for the Indian insurance industry, should be made operational in another month or six weeks and fee in the platform should not exceed 5 per cent of the premium. Mumbai: Ajay Seth, chairman,...
PK Mishra calls for AI-enabled early warning systems to reduce disaster risk
PK Mishra, Principal Secretary to the Prime Minister Addressing the meeting of senior officials on disaster risk reduction, convened by the United Nations Office for Disaster Risk Reduction (UNDRR) and co-chaired by India and the United Kingdom, he highlighted the...