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AI becomes experts’ top concern, ahead of climate change:AXA Future Risks Report
Thomas Buberl, chief executive officer,AXA, said,``In a world where risks are evolving faster, multiplying and becoming increasingly interconnected, insurance is an essential factor of stability. This edition of the AXA Future Risks Report shows that, while artificial...
World Bank and Generali partner to advance insurance, resilience and investment solutions in emerging markets
LtoR: Andrea Sironi, chairman of Generali Group,Ajay Banga, President,World Bank Group,at an event in Bangkok to sign MoU between World Bank and Generali to mobilise private capital, strengthen resilience and expand targeted insurance and investment solutions across...
Surging Iranian attacks on ships crossing the Hormuz, threatens recovery in Persian Gulf oil exports
Ministers of OPEC and non-OPEC Participating Countries in the Declaration of Cooperation said shipping and insurance costs have surged to unprecedented levels of over one-third of the commodity value, impeding efficient movement of crude oil and products. Iranian...
CyberCube and Blackpanda Partner to enhance Cyber Risk Analytics for brokers across Asia
Cyber risk models used across Asia have typically been benchmarked against a single global average. Under the new collaboration, Broking Manager, CyberCube's cyber-risk analytics platform for brokers used across 40 countries, now adds an APAC regional view to...
LIC launches three new plans
Life Insurance Corporation of India on Tuesday launched three new plans -- New Jeevan Dhara–II, Health Shield and Cancer Cover plan. New Jeevan Dhara –II is a non-par, non-linked, individual, savings, deferred annuity plan that provides financial independence with...
Payment Habits: 3 in 4 urban Indians use their payment app for more than payments
More than half (52%) of consumers, who were surveyed, say they would prefer a single app for payments, investments, insurance and credit.At the consumer level, the impact shortfall is rooted in trust, according to the How Urban India Pays report 2026, released by...
ICICI Life Insurance Q2 profit surges 25% to Rs 374 cr
Sidharatha Mishra, chief operating officer of ICICI Life Insurance,who has been named as new managing director and CEO of the company ``Our commitment is to deliver sustainable VNB growth while balancing business, profitability and risk and prudence.” New Delhi: ICICI...
IMF raises 2026 global growth forecast to 3.1%, Warns of AI risks
Kristalina Georgieva, managing director ,International Monetary Fund. Growth is increasingly concentrated, with 32 countries accounting for 95 percent of global growth, the report said. That compares with 54 countries as of April. “The global economy is not simply...
Hackers heat French supermarket fridges, sparking fires and spoiling food
There was no immediate estimate of industry-wide losses, but Intermarche CEO Thierry Cotillard told BFM TV the "unprecedented" attack would represent losses amounting to "tens of millions of euros nationwide in a single day." PARIS: Hackers raised the temperature of...
Merchant Discount Rate on UPI transactions deferred, no new date announced
"UPI and Services Steering Committee today decided that, keeping in mind the festive season, Merchant Discount Rate (MDR) on select Person-to-Merchant (P2M) UPI transactions shall be implemented immediately post Diwali on a date to be notified separately," NPCI said...
MS Amlin and European Bank for Reconstruction and Development expand war risk insurance facility for Ukraine
The expansion of the Ukraine Recovery and Reconstruction Guarantee Facility(URGF), with MS Amlin's increasing its participation – which has led to more than €500 million of reinsurance coverage for goods and vehicles across nearly 10,000 policies to date – from €110...
Dinesh Pant joins as member, Actuary, IRDAI
Dinesh Pant, former managing director, Life Insurance Corporation, has joined the IRDAI as Whole-time Member (Actuary) on 12th October. The post had fallen vacant after PK Arora retired a few months back. Pant has been appointed as a member, Actuary, IRDAI, for five...
Elliot Richardson appointed Chief Commercial Officer, Howden
Howden, the global insurance intermediary group, today announces the appointment of Elliot Richardson as Chief Commercial Officer for the Group, with immediate effect. The appointment is central to Howden’s new commercial strategy, designed to make full use of the...
Global semiconductor majors see value of their properties and inventories rise 12% to $529bn in 2025: Atrium
Nick Leppard,Head of Property Direct & Facultative at Atrium, says: “Semiconductor companies have a huge amount of capital tied up in highly specialised facilities, so any damage to these facilities can result in dramatic financial losses.There have been several...
UP: Over 2 lakh motor accident claims pending; training programme held for insurance officials
Dr Manu Kalia, member secretary, Uttar Pradesh State Legal Services Authority said more than two lakh cases are pending before motor accident claims tribunals across Uttar Pradesh. The figure does not include appeals and special leave petitions. Since insurance...
APAC medical cost growth projected to slow to 9.7% in 2027, Aon Report
The projected medical trend rate remains substantially above the forecast for APAC general inflation rate of 2.5%. After accounting for inflation, the net medical trend rate is expected to decline from 8.9% in 2026 to 7.2% in 2027. The decline in the regional trend...
SC seeks wider drug price regulation, questions high markups on medicines, medical devices
The bench, stressed the need to examine whether existing pricing mechanisms adequately protected patients from excessive markups, particularly where large differences existed between procurement prices and MRPs. New Delhi: The Supreme Court on Monday called for a...
Centre asks States/UTs to ensure prominent display of healthcare service rates at clinical establishments
Union Health Secretary Punya Salila Srivastava Union Health Secretary Punya Salila Srivastava, in a letter to the chief Secretaries of all states and UTs, has called for a review of compliance with applicable regulatory provisions and appropriate measures to ensure...