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Surging oil tanker insurance points to growing Black Sea chaos

Surging oil tanker insurance points to growing Black Sea chaos

by AIP Online Bureau | Jan 17, 2026 | Eco/Invest/Demography, International News, Non-Life, Reinsurance, Risk Management

Underwriters are now charging about 1% of the value of a ship for calls at any port in the region, according to people involved in the market. That’s up from about 0.7% at the end of last month. The cost of insuring ships sailing through the Black Sea is surging...

Venezuelan oil industry running on WhatsApp after cyberattack

by AIP Online Bureau | Jan 17, 2026 | International News, Technology

The incident highlights just how frail the the country’s technological infrastructure is, even in the industry most responsible for its revenue. Decades of disinvestment and corruption have marred state-owned oil giant Petróleos de Venezuela SA, and US sanctions have...
Global risks enter “Age of Competition” as geoeconomic tensions dominate 2026 outlook: WEF

Global risks enter “Age of Competition” as geoeconomic tensions dominate 2026 outlook: WEF

by AIP Online Bureau | Jan 17, 2026 | Eco/Invest/Demography, International News, Risk Management, Technology

Societal pressures remain deeply interconnected with these economic and geopolitical stresses. Inequality was identified as the most interconnected global risk for the second consecutive year, closely linked to economic instability, misinformation and declining trust...
AM Best maintains stable outlook on India’s non-life insurance segment

AM Best maintains stable outlook on India’s non-life insurance segment

by AIP Online Bureau | Jan 16, 2026 | Eco/Invest/Demography, Indian News, Non-Life, Regulation, Reinsurance

“India’s long-term economic outlook remains favourable for non-life insurance growth despite the near-term moderation,” said Chris Lim, associate director, analytics, AM Best. Singapore: International rating agency AM Best has maintained its outlook on India’s...
Anuj Tyagi quits as MD&CEO of HDFC ERGO General Insurance

Anuj Tyagi quits as MD&CEO of HDFC ERGO General Insurance

by AIP Online Bureau | Jan 16, 2026 | Indian News, Non-Life

Anuj Tyagi, MD & CEO, HDFC ERGO General Insurance The board of the company has already initiated a structured sucession process to ensure continuity and stability. Tyagi will work with the team till mid April to ensure a smooth transition in keeping with the...
Indian stock exchanges to remain open on Sunday for Union Budget 2026

Indian stock exchanges to remain open on Sunday for Union Budget 2026

by AIP Online Bureau | Jan 16, 2026 | Eco/Invest/Demography, Indian News, Regulation, Risk Management

Nirmala Sitharaman,Union Finance Minister The Budget Session of the Parliament will commence on January 28 and will continue till April 2.Finance Minister will begin the presentation of the Budget at 11 a.m. in the lower house on February 1, the Speaker said in...
Allianz Risk Barometer 2026: Cyber remains top business risk but AI fastest riser at no 2 in Asia Pacific

Allianz Risk Barometer 2026: Cyber remains top business risk but AI fastest riser at no 2 in Asia Pacific

by AIP Online Bureau | Jan 15, 2026 | Eco/Invest/Demography, International News, Non-Life, Reinsurance, Risk Management, Technology

“Following the volatility and uncertainty of 2025, businesses continue to face interconnected and highly complex risks in 2026’s fast-changing environment. Given the continuing rise of AI across society and industry, it is unsurprising that it is the big...

SC reserves judgement on father’s plea seeking passive euthanasia for son in coma for over 12 years

by AIP Online Bureau | Jan 15, 2026 | Indian News, Policy

Passive euthanasia is the intentional act of letting a patient die by withholding or withdrawing life support or the treatment necessary to keep him alive. New Delhi: The Supreme Court on Thursday reserved its judgment on a plea filed by the father of a 31-year-old...
Allianz Jio Reinsurance applies for a license from IRDAI, starts leadership hiring

Allianz Jio Reinsurance applies for a license from IRDAI, starts leadership hiring

by AIP Online Bureau | Jan 15, 2026 | Indian News, Intermediaries, Non-Life, Reinsurance

“We are witnessing a secular trend in business momentum across all our operating verticals, which has now gained significant velocity.As we continue to build depth, capability and market presence, we are well-positioned to shape the next phase of financial...
RBI issues norms for internal ombudsman in banks, NBFCs

RBI issues norms for internal ombudsman in banks, NBFCs

by AIP Online Bureau | Jan 15, 2026 | Banking & Bancassurance, Indian News, Regulation

The directions have been issued with a view to strengthening the internal grievance redress mechanism within regulated entities and ensuring a speedy and meaningful resolution of customer complaints by enabling a review by an apex-level authority within the entities,...
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