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...
by AIP Online Bureau | Nov 8, 2026 | Eco/Invest/Demography, International News, Non-Life, Reinsurance, Risk Management, Wealth Management/ Philanthropy
Insurers are not expected to broadly retreat from the crypto sector or reduce the availability of coverage. But the largest crypto theft on record could bring tougher scrutiny of crypto firms’ exposure to Binance and any weaknesses identified in the attack, which the...
by AIP Online Bureau | Nov 8, 2026 | Eco/Invest/Demography, Indian News, Non-Life, Risk Management
The importance of securing shipping capacity has increased as geopolitical tensions in West Asia disrupt commercial movement near the Strait of Hormuz, pushing up freight rates and war-risk insurance costs. New Delhi: State-owned Indian Oil Corporation plans to...
by AIP Online Bureau | Nov 8, 2026 | Articles, Climate, Environment, Renewable Energy, Eco/Invest/Demography, Risk Management, Technology
Geopolitical tensions, shifting trade relationships, resource constraints, cyber threats, regulatory shifts, and energy-linked disruption are creating ripple effects that extend far beyond their original source. A disruption in one corner of the world can quickly...
