by AIP Online Bureau | Nov 9, 2026 | Indian News, Non-Life, Policy, Regulation
The insurers, represnted by the General Insurance Council, have approached the tax authorities for the necessary approval and have already presented their case before the Arvind Shrivastava, Revenue Secretary, Ministry of Finance. New Delhi: Indian general insurance...
by AIP Online Bureau | Nov 9, 2026 | Climate, Environment, Renewable Energy, Eco/Invest/Demography, International News, Non-Life, Reinsurance
This year is on track to be one of the four hottest on record, as a powerful El Nino has compounded the impact of global warming, a UN report showed on Monday. The year has been marked by a series of extreme heatwaves across Western Europe and a glacier collapse in...
by AIP Online Bureau | Nov 9, 2026 | Eco/Invest/Demography, International News, Technology
France’s national cybersecurity agency, ANSSI, attributed the attack to the Shahid Kaveh group, described as a “cyber unit” affiliated with Iran’s Islamic Revolutionary Guard Corps. The investigation targets the leader of the group as well as his two deputies and any...
by AIP Online Bureau | Nov 9, 2026 | Articles, Eco/Invest/Demography, Non-Life, Reinsurance, Risk Management
The attackers accessed refrigeration controllers reachable from the internet. They switched units to defrost or heating mode and, in some cases, moved the setting from -27°C to over 50°C. By the time staff arrived, the stock was ruined.There was no ransom demand and...
by AIP Online Bureau | Nov 9, 2026 | International News, Non-Life, Reinsurance
The new capabilities will complement MSIG UK’s existing Property and Casualty offerings, which were launched last year, and represent the next phase of the company’s growth in the UK and London Market. London: MSIG UK today announced the expansion of its London Market...
by AIP Online Bureau | Nov 9, 2026 | Banking & Bancassurance, International News, Risk Management, Technology
The attackers used an account belonging to Credit Mutuel Arkea to carry out “fraudulent transactions,” Credit Mutuel Arkea said in a statement on Wednesday. The funds were not in the form of cryptocurrency, the bank said, but could have been converted to crypto after...
by AIP Online Bureau | Nov 9, 2026 | Articles, Eco/Invest/Demography, Life, Pension & Social Security, Wealth Management/ Philanthropy
The shift towards customer-centric offerings that address mortality risk while rewarding healthier behaviours has the potential to transform the relationship between insurers and customers. As people live longer, insurers have an opportunity to engage earlier, promote...
by AIP Online Bureau | Nov 8, 2026 | Eco/Invest/Demography, Indian News, Intermediaries, Non-Life, Regulation, Reinsurance
The industry has been anxiously awaiting IRDAI’s final decision on the implementation date and modalities of its consultation paper, Recalibrating Economics of Insurance Distribution. Brokers fear that the sweeping proposals including reducing their commissions, if...
by AIP Online Bureau | Nov 8, 2026 | Workplace/Employee Benefits
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by AIP Online Bureau | Nov 8, 2026 | Articles, Intermediaries, Non-Life, Regulation, Reinsurance
If the proposals, as listed in the IRDAI’s consultaion paper, are implemented, brokers, corporate agents and other intermediaries will become a unified single class. The regulator has, in effect, proposed removing ‘insurance brokers’ as a separate class, which...
