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Keralam govt forms panel to roll out Oommen Chandy Health Insurance Scheme with Rs 25 lakh cover

Keralam govt forms panel to roll out Oommen Chandy Health Insurance Scheme with Rs 25 lakh cover

by AIP Online Bureau | Sep 24, 2026 | Health, Indian News, Non-Life, Policy

V.D. Satheesan,Chief Minister, Keralam Three insurance-sector veterans have been appointed as expert members: Girish Radhakrishnan, former CMD of United India Insurance Company, P. J. Joseph, former CMD and former Member (Non-Life) of IRDAI; and K. Sanath Kumar,...
UN chief calls for AI pact to pre­vent rise of killer robots

UN chief calls for AI pact to pre­vent rise of killer robots

by AIP Online Bureau | Sep 24, 2026 | Eco/Invest/Demography, International News, Regulation, Risk Management, Technology

Antonio Guterres,secretary general of the United Nations “We are witnessing an extraordinary transfer of power away from government to a handful of private corporations and individuals,” Antonio Guterres,secretary general of the United Nations, said as he appealed for...
Marsh launches Broker WorkBench: AI-powered platform to reduce placement times for specialty risk

Marsh launches Broker WorkBench: AI-powered platform to reduce placement times for specialty risk

by AIP Online Bureau | Sep 24, 2026 | Intermediaries, International News, Non-Life, Reinsurance, Technology

“This new platform will enhance the value of the broker-client relationship by equipping our brokers with data-driven insights and greater efficiency. This gives them more time to deliver tailored insurance solutions that reduce our clients’ total cost of risk,...
Europe faces more than $500bn climate adaptation cost

Europe faces more than $500bn climate adaptation cost

by AIP Online Bureau | Sep 24, 2026 | Climate, Environment, Renewable Energy, Eco/Invest/Demography, Health, International News

The summer of 2026 laid bare how exposed the fastest-warming continent is to the fallout of rising temperatures, as wildfires, droughts and heat waves impacted commodities supplies, damaged crops and left a dent in productivity. In response, Europe is now broadening...
Future of Claims Management: Simplified, smarter and seamless for general insurance customers

Future of Claims Management: Simplified, smarter and seamless for general insurance customers

by AIP Online Bureau | Sep 24, 2026 | Articles, Non-Life, Technology

The ability to submit claims through dedicated microsites or mobile apps can slash claim intimation lead times and help insurers in subsequent claims processing without the need to deploy additional human resources. Varsha Gujarathi, Chief Customer Officer, Universal...
Canopius strengthens APAC Underwriting and Claims capabilities with 3 key appointments

Canopius strengthens APAC Underwriting and Claims capabilities with 3 key appointments

by AIP Online Bureau | Sep 24, 2026 | International News, Non-Life, Reinsurance

The appointments reflect Canopius’ ambition to continue building market-leading specialty underwriting and claims capabilities across APAC. Singapore: Canopius Group, a leading global specialty and P&C (re)insurer, today announced the appointments of Richard...
HC can enhance compensation even without claimant appeal: Lucknow bench

HC can enhance compensation even without claimant appeal: Lucknow bench

by AIP Online Bureau | Sep 24, 2026 | Indian News, Non-Life

The court made the observation while dismissing an appeal filed by the National Insurance Company Ltd against an award of the Faizabad Motor Accident Claims Tribunal. The tribunal had awarded ₹7.20 lakh to the family of one Sabhajeet Tadmali. The high court enhanced...
Insurance and bank stocks erase $14 billion on IRDAI’s fee cap plan

Insurance and bank stocks erase $14 billion on IRDAI’s fee cap plan

by AIP Online Bureau | Sep 24, 2026 | Indian News, Life, Non-Life, Technology, Wealth Management/ Philanthropy

PB Fintech, which owns Policybazaar, plunged as much as 34%, while Turtlemint dropped 20%. Shares of HDFC Life, Bajaj Finserv, the holding company for Bajaj Life and Bajaj General Insurance and Max Financial Services, the holding company of Axis Max Life Insurance...
India’s insurance sector sees resilient growth, but profitability, productivity remain key challenges: McKinsey

India’s insurance sector sees resilient growth, but profitability, productivity remain key challenges: McKinsey

by AIP Online Bureau | Sep 24, 2026 | Data, Eco/Invest/Demography, Life, Non-Life

Between fiscal years 2017 and 2025, the number of in-force individual life insurance policies has remained essentially flat, at around 330 million,” which further indicates insurance has yet to fully benefit from the country’s wider financial inclusion gains. The...
IRDAI’s Distribution Reforms: Commission on general insurance products to be slashed from 30% to 20%, to 12.5% for life over 5 yrs

IRDAI’s Distribution Reforms: Commission on general insurance products to be slashed from 30% to 20%, to 12.5% for life over 5 yrs

by AIP Online Bureau | Sep 23, 2026 | Indian News, Life, Non-Life, Reinsurance

Greater transparency would be required from insurers and large distribution entities, which would have to disclose commission policies and structures in a simple and accessible manner. Specified commercial insurance policies would also carry commission disclosures,...
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Recent Posts

  • Keralam govt forms panel to roll out Oommen Chandy Health Insurance Scheme with Rs 25 lakh cover
  • UN chief calls for AI pact to pre­vent rise of killer robots
  • Marsh launches Broker WorkBench: AI-powered platform to reduce placement times for specialty risk
  • Europe faces more than $500bn climate adaptation cost
  • Future of Claims Management: Simplified, smarter and seamless for general insurance customers

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