by AIP Online Bureau | Dec 21, 2025 | Articles, Eco/Invest/Demography, Health, Life, Non-Life, Regulation, Reinsurance
The Insurance Act 1938 did not contain any definition of “insurance business”. The Bill now seeks to define this term to mean the business of effecting insurance contracts, as well as any other form of contract that may be notified by the Central Government in...
by AIP Online Bureau | Dec 21, 2025 | Eco/Invest/Demography, Indian News, Non-Life, Reinsurance
President Droupadi Murmu The Bill introduces an elaborate framework on duties and liabilities, including civil liability for nuclear damage. It caps the maximum liability for each nuclear incident at the rupee equivalent of 300 million Special Drawing Rights, with the...
by AIP Online Bureau | Dec 21, 2025 | Eco/Invest/Demography, Indian News, Life, Pension & Social Security, Policy, Regulation
All these reforms come as Prime Minister Narendra Modi and his administration want to make India a developed economy by 2047,a goal that requires economic growth of about 8% per year, and policymakers are betting on rapid industrialization and deeper capital markets...
by AIP Online Bureau | Dec 21, 2025 | Disaster & Management, Indian News, Risk Management
The plea alleged that despite weather advisories issued by the meteorological centre in Srinagar and the J-K Disaster Management Authority, the pilgrimage was not suspended, which amounted to criminal negligence by the CEO and other officials of the Shri Mata Vaishno...
by AIP Online Bureau | Dec 21, 2025 | Indian News, Risk Management, Technology
Under the proposed terms, Infosys McCamish Systems had agreed to pay $17.5 million into a fund to settle all the pending class action lawsuits related to a cybersecurity incident in 2023, which identified the Infosys subsidiary as the main source. New Delhi:A US court...
by AIP Online Bureau | Dec 21, 2025 | Disaster & Management, Eco/Invest/Demography, International News, Non-Life, Reinsurance
More than $5 billion of cat bonds with some level of exposure to wildfire risk were issued by insurers and sold to investors this year, according to Artemis, a specialist in insurance-linked securities that tracks market trends. That’s more than twice the level in...
by AIP Online Bureau | Dec 20, 2025 | Articles, Eco/Invest/Demography, Health, Intermediaries, Non-Life, Regulation
Consumers increasingly opted for higher sum insured policies, family floaters, and value-added benefits such as wellness programs, OPD cover and maternity—reflecting a shift from price-led buying to need-based protection. Krishnan Ramachandran, MD & CEO, Niva Bupa...
by AIP Online Bureau | Dec 20, 2025 | Articles, Eco/Invest/Demography, Non-Life, Reinsurance, Risk Management, Technology
At this time the Indian cyber premium pool is expanding rapidly — industry estimates place market size in about one thousand of crores and forecast double-digit growth with cumulative premium estimate of about ₹60Bn for FY ending 2026. Vibhaw Kumar, Executive Vice...
by AIP Online Bureau | Dec 20, 2025 | Data, Health, Regulation, Risk Management
In a statement issued on Saturday, the food safety regulator clarified that eggs available in the country are safe for human consumption and that reports alleging the presence of carcinogenic substances in eggs lack a scientific basis New Delhi: The Food Safety and...
by AIP Online Bureau | Dec 20, 2025 | Eco/Invest/Demography, Indian News, Policy, Regulation, Risk Management, Technology
Jitin Prasada,Union Minister of State for Electronics and Information Technology It can also pose risks to individuals and society. Some of these include bias, discrimination, unfair outcomes, exclusion, and lack of transparency New Delhi:The India AI Governance...
