by AIP Online Bureau | Jun 20, 2026 | Eco/Invest/Demography, International News, Non-Life, Reinsurance
U.S. President Donald Trump, in response, threatened to impose American tolls in the crucial waterway if a final deal with Iran isn’t reached in 60 days, saying the money would be for “services rendered as the Guardian Angel to the countries of the Middle East.” TYRE,...
by AIP Online Bureau | Jun 19, 2026 | Eco/Invest/Demography, Indian News, Life, Non-Life, Regulation, Workplace/Employee Benefits
In a significant change, insurers would be allowed to invest a portion of their shareholders’ funds in private limited companies. Such investments, however, will be capped at 5 per cent of the shareholders’ funds available beyond the solvency margin and...
by AIP Online Bureau | Jun 19, 2026 | Indian News, Intermediaries, Non-Life, Regulation, Reinsurance
In a move aimed at strengthening oversight of sales practices, IRDAI has proposed that every branch of a Corporate Agent designate at least one Specified Person (SP) responsible for supervising solicitation activities at that location. The regulator has also proposed...
by AIP Online Bureau | Jun 19, 2026 | Eco/Invest/Demography, International News, Non-Life, Reinsurance
The new marine war risk consortium will issue primary policies for vessels and cargo. It will provide up to $200 million of capacity separately for hull and P&I risks, with an additional $200 million of dedicated cargo capacity. Chubb will serve as lead...
by AIP Online Bureau | Jun 19, 2026 | Indian News, Life, Non-Life, Regulation, Technology
The panel, chaired by Sandeep K. Shukla, director of IIIT Hyderabad, will examine AI’s impact on insurers, policyholders and the broader insurance ecosystem, with a particular focus on ethical adoption, transparency and data security. Hyderabad:Insurance...
by AIP Online Bureau | Jun 19, 2026 | Indian News, Non-Life, Reinsurance
Under this new agreement, ICICI Lombard will issue local policies on behalf of managing agents for selected lines of business. Managing agents can request local policies through the Multinational team, who will coordinate directly with ICICI Lombard to produce the...
by AIP Online Bureau | Jun 18, 2026 | Indian News, Life, Non-Life, Regulation, Technology
The regulator believes PIR could address one of the insurance sector’s most persistent challenges: fragmented data scattered across insurers, making it difficult for policyholders to access their records seamlessly and for regulators to obtain a comprehensive...
by AIP Online Bureau | Jun 18, 2026 | Eco/Invest/Demography, Indian News, Intermediaries, Life, Non-Life, Technology
Anand Rohidas Prabhudesai and Dhirendra Nalin Mahyavanshi, promoters of Turtlemint ICICI Prudential Mutual Fund (MF), Mirae Asset MF, Amansa Holdings, BNP Paribas Financial Markets, Edelweiss MF, Bajaj Life Insurance, Societe Generale, ICICI Prudential Life Insurance...
by AIP Online Bureau | Jun 18, 2026 | Indian News, Regulation
The proposed regulations are being introduced in line with the Sabka Bima Sabki Raksha (Amendment of Insurance Laws) Act, 2025, which mandates public consultation, periodic review of regulations and stakeholder engagement in the regulatory process. Hyderabad:The...
by AIP Online Bureau | Jun 18, 2026 | Eco/Invest/Demography, International News, Non-Life, Reinsurance
In a media briefing, Richard Meade, editor in chief of Lloyd’s List, said for the first time in 110 days, ships owned by major companies are transiting the strait after effectively being marooned there since February London:Major shipowners have begun moving vessels...
