by AIP Online Bureau | Oct 31, 2026 | Eco/Invest/Demography, International News, Non-Life, Risk Management, Technology, Wealth Management/ Philanthropy
When a crypto exchange suffers a hack, losses can be covered through a combination of insurance payouts, the company’s own capital and emergency funds set aside to compensate customers. Hackers stole $6.3 billion from Binance in the world’s biggest crypto heist,...
by AIP Online Bureau | Oct 31, 2026 | Indian News, Life, Non-Life, Regulation
Ajay Seth, Chairman, IRDAI The Indian insurance industry has made significant progress in expanding coverage, but the number of unresolved grievances remains a concern. As on 31st March, 2026, approximately 2.21 lakh cases were pending before Consumer Commissions and...
by AIP Online Bureau | Oct 30, 2026 | Indian News, Life, Non-Life, Reinsurance
“At GIC Re, underwriting discipline remains our main anchor. We will continue to balance competitive positioning with prudent risk selection to support our cedants dependably. For our domestic portfolio, we maintain our commitment to market stability by ensuring...
by AIP Online Bureau | Oct 30, 2026 | Indian News, Non-Life
“Q2FY27 has been one of the most challenging quarters for the company in recent times, more so while succeeding another equally challenging one for the entire industry,” said Dr Lavanya R. Mundayur, CMD, New India Assurance. Mumbai: Dr Lavanya R. Mundayur, CMD, New...
by AIP Online Bureau | Oct 30, 2026 | Banking & Bancassurance, Eco/Invest/Demography, Indian News, Policy, Technology
Suresh N Patel, former Central Vigilance Commissioner Besides Patel as chairman, the panel will include RBI Deputy Governor Shirish Chandra Murmu, former Indian Bank MD and CEO Padmaja Chunduru, and former RBI Deputy Governor N S Vishwanathan as members. New Delhi:...
by AIP Online Bureau | Oct 30, 2026 | Banking & Bancassurance, Indian News, Technology
The threat actor claimed to have obtained customer and internal corporate data, including KYC records, personal identification documents, PAN and Aadhaar details, credit reports, bank statements, loan applications, signed agreements, insurance records, CRM data,...
by AIP Online Bureau | Oct 30, 2026 | Indian News, Non-Life
The ill fated helicopter has been insured by state owned New India Assurance. The value of the crashed helicopter is around Rs 25 crore, said market sources. Most of the claim amount which will be paid by NIA will be recovered from reinsurers including GIC Re, said...
by AIP Online Bureau | Oct 30, 2026 | Eco/Invest/Demography, Indian News, Pension & Social Security, Policy, Regulation
The National Social Security Board shall recommend to the Central government the framing of suitable schemes for different sections of unorganised workers, gig workers and platform workers. New Delhi: The government has notified the National Social Security Board for...
by AIP Online Bureau | Oct 30, 2026 | Eco/Invest/Demography, Indian News, Policy
The report attributed the decline mainly to strong consumption growth, rising employment, particularly among women, and expanded social transfers, including food subsidies. Poverty is expected to decline further, although at a slower pace. The World Bank’s...
by AIP Online Bureau | Oct 30, 2026 | Disaster & Management, Eco/Invest/Demography, Indian News
A flood caused by the Shintaphu glacial lake bursting its banks has washed away infrastructure at the Gasa Tshachu natural hot springs in the Himalayan kingdom of Bhutan, media reports said on Friday. Guwahati: The Assam government was closely monitoring the...
