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Guidewire to buy UK insurance AI firm hyperexponential in deal worth up to $2.1 billion

Guidewire to buy UK insurance AI firm hyperexponential in deal worth up to $2.1 billion

by AIP Online Bureau | Oct 28, 2026 | International News, Non-Life, Risk Management, Technology

“Insurance is a distinctly complex industry, where the quality of risk decisions has an immense impact on business outcomes. Guidewire and hyperexponential are uniquely positioned to deliver industry-specific AI solutions that will transform commercial underwriting....
FM announces $855 million resilience credit to support investment in risk reduction

FM announces $855 million resilience credit to support investment in risk reduction

by AIP Online Bureau | Oct 28, 2026 | International News, Non-Life, Reinsurance

“For two years in a row, we’ve been able to provide an enhanced 10% resilience credit—a testament to the work our clients do every day to drive lasting protection.When our clients invest in loss prevention and achieve strong results, our mutual model allows us to...
Gallagher Re flags AI risks, catastrophe shifts and softer reinsurance market in APAC

Gallagher Re flags AI risks, catastrophe shifts and softer reinsurance market in APAC

by AIP Online Bureau | Oct 27, 2026 | Eco/Invest/Demography, Intermediaries, International News, Non-Life, Reinsurance, Risk Management

Non-life premium growth across the region slowed to 5.1% from 7% in 2024, its lowest level since 2021, reflecting softer pricing in mature markets and portfolio rationalisation. Singapore: Asia-Pacific’s insurance industry continues to offer substantial growth...
Govt mulls cutting LTCG tax on equities ahead of Budget 2027-28: Sources

Govt mulls cutting LTCG tax on equities ahead of Budget 2027-28: Sources

by AIP Online Bureau | Oct 27, 2026 | Eco/Invest/Demography, Indian News, Policy, Wealth Management/ Philanthropy

The proposed reduction is being considered against the backdrop of weak or negative market returns over the past two years, sluggish wage growth and rising retail investor participation.Concerns have also emerged over whether domestic mutual fund inflows can continue...
Every pothole to be accounted for, officials compromising quality may face blacklisting: Union Minister Gadkari

Every pothole to be accounted for, officials compromising quality may face blacklisting: Union Minister Gadkari

by AIP Online Bureau | Oct 27, 2026 | Eco/Invest/Demography, Indian News, Policy

Nitin Gadkari ,Union Minister for Road Transport and Highways Gadkari said discussions were underway with the Chief Minister of Bihar to sign a Memorandum of Understanding allowing the highway authority to conduct river dredging free of charge, using the silt in...
SC slams medicine markups, questions Centre over price controls

SC slams medicine markups, questions Centre over price controls

by AIP Online Bureau | Oct 27, 2026 | Eco/Invest/Demography, Health, Indian News

A bench of Justices Vikram Nath and Sandeep Mehta criticised the government’s approach to medicine price regulation, observing that the National Pharmaceutical Pricing Authority (NPPA) appeared “totally defunct”. New Delhi: The Supreme Court on Tuesday questioned the...
Satellite connectivity can ensure communication during disasters, speed up emergency response: BSNL CMD

Satellite connectivity can ensure communication during disasters, speed up emergency response: BSNL CMD

by AIP Online Bureau | Oct 27, 2026 | Disaster & Management, Eco/Invest/Demography, Indian News, Technology

Robert J Ravi,Chairman and Managing Director,BSNL Ravi said satellite connectivity could also support remote healthcare by enabling live video consultations between primary health centres and district hospitals, with drones potentially delivering medicines and other...
S&P affirmsd its ‘A-‘ long-term issuer credit and financial strength ratings on India International Insurance Pte

S&P affirmsd its ‘A-‘ long-term issuer credit and financial strength ratings on India International Insurance Pte

by AIP Online Bureau | Oct 27, 2026 | International News, Non-Life, Reinsurance

“While India International plans to expand cautiously in cargo and property lines, we do not expect this to materially alter the premium mix or weaken its risk profile.In our view, rising geopolitical tensions and supply-chain disruptions will moderate India...
PHP vulnerabilities raises concerns of systemic event for cyber insurers

PHP vulnerabilities raises concerns of systemic event for cyber insurers

by AIP Online Bureau | Oct 27, 2026 | Eco/Invest/Demography, International News, Non-Life, Reinsurance, Technology

A significant gap between economic and insured losses is expected in this event, highlighting the importance of cyber insurance. In addition, insured losses may extend beyond cyber into directors and officers insurance as regulatory and governmental bodies in the...
Distribution Reforms must be built on consensus: IRDAI Chief

Distribution Reforms must be built on consensus: IRDAI Chief

by AIP Online Bureau | Oct 27, 2026 | Eco/Invest/Demography, Indian News, Life, Non-Life, Regulation, Technology

Ajay Seth , chairman, IRDAI Bima Sugam, the game changing e-market place for the Indian insurance industry, should be made operational in another  month or six weeks and fee in the platform should not exceed 5 per cent of the premium. Mumbai: Ajay Seth, chairman,...
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