by AIP Online Bureau | Jun 25, 2026 | Disaster & Management, Eco/Invest/Demography, International News, Policy
Wednesday evening’s 7.2 and 7.5 magnitude earthquakes were among the strongest to strike Venezuela in more than a century and could be felt throughout the region. The country’s main airport was damaged and closed, while buildings were evacuated in places as far...
by AIP Online Bureau | Jun 25, 2026 | Data, Life, Non-Life, Reinsurance
AI is rapidly becoming the new divider between leaders versus followers and laggards in insurance.Insurers leading are redesigning their operational model leveraging a cloud and AI-native core technology foundation that deeply integrates AI into the business and...
by AIP Online Bureau | Jun 24, 2026 | Briefs, Life
Sunil Agrawal, chief financial officer(CFO) and Key Managerial Personnel(KMP) of ,Life Insurance Corporation has resigned on Wednesday to pursue better prospects.His resignation will be effective from July 14. Jayasimhan Madabhushi Matam Tirumala, executive Director...
by AIP Online Bureau | Jun 24, 2026 | Indian News, Risk Management
The blaze at the STT Global Data Centres India facility, owned by Singapore’s ST Telemedia and India’s Tata Communications , caused “extensive damage” to parts of the site, making data recovery difficult, a Tata Communications unit said in a...
by AIP Online Bureau | Jun 24, 2026 | Banking & Bancassurance, Eco/Invest/Demography, Indian News, Risk Management
Banks should establish human oversight for AI models used in automated decision-making, the draft guidelines said.For generative AI models that interface with customers or external users, additional cybersecurity controls should be implemented. MUMBAI:...
by AIP Online Bureau | Jun 24, 2026 | Indian News, Regulation, Technology
The consequences of this lack of awareness are significant. At the beginning of FY2025, insurers were holding more than ₹9,305 crore in unclaimed amounts, including maturity proceeds, death claims and surrender values. In a move aimed at enhancing policyholder...
by AIP Online Bureau | Jun 24, 2026 | Intermediaries, International News, Non-Life
This is the latest in a series of senior hires reinforcing Howden Re’s commitment to Hong Kong and China as a strategic focus for Howden Re as it continues to build specialist capabilities across the Asia-Pacific region. London: Howden Re, the global reinsurance,...
by AIP Online Bureau | Jun 24, 2026 | International News, Non-Life, Reinsurance, Technology
The electric-vehicle maker’s automated technology failed to detect the end of the roadway and stop before slamming into a brick house, according to the lawsuit filed Tuesday in Texas state court. The complaint also includes a claim of deceptive marketing against the...
by AIP Online Bureau | Jun 24, 2026 | Eco/Invest/Demography, International News, Non-Life, Reinsurance
“Clearly, loss of life and property damage – in terms of both vessels and their cargo – are the main causes to date,” said Regis Broudin, global head of marine claims at Allianz Commercial. The insurance industry is set to face significant claims for ships that were...
by AIP Online Bureau | Jun 24, 2026 | Indian News, Intermediaries, Non-Life, Reinsurance
Nick Cook, Group CEO, said: “The opening of our GCC in Mumbai is more than an operational milestone. It is a platform for building the data and AI capability that will help BMS serve clients better and compete more effectively. India has extraordinary professional...
