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RBI-led initiative to curb digital frauds gains momentum banks roped in to set up DPIP

RBI-led initiative to curb digital frauds gains momentum banks roped in to set up DPIP

by AIP Online Bureau | Jun 22, 2025 | Banking & Bancassurance, Indian News, Regulation, Risk Management, Technology

The proposed platform seeks to bolster fraud risk management by facilitating real-time intelligence sharing and gathering, thereby preventing fraudulent digital transactions, sources said. New Delhi: In a bid to rein in the increasing incidence of digital payment...

UK’s car theft reaches near a 15-year high, cost insurers $867 million

by AIP Online Bureau | Jun 21, 2025 | Eco/Invest/Demography, International News, Non-Life, Reinsurance, Risk Management, Technology

While owners are compensated when their cars are taken, vehicle theft isn’t a victimless crime. The more cars are stolen, the more insurance premiums go up. In the first three months of the year, British car owners were quoted an average of almost £800 a year for...

UK parliament votes for assisted dying, paving way for historic law change

by AIP Online Bureau | Jun 21, 2025 | Eco/Invest/Demography, Health, International News, Policy, Risk Management

The “Terminally Ill Adults (End of Life)” law would give mentally competent, terminally ill adults in England and Wales with six months or less left to live the right to choose to end their lives with medical help LONDON: Britain’s parliament voted...
AIC launches a new cover for aquaculture industry

AIC launches a new cover for aquaculture industry

by AIP Online Bureau | Jun 21, 2025 | Indian News, Non-Life, Policy, Regulation

(L to R) Lavanya R Mundayur, CMD, Agriculture Insurance Company, M Nagaraju, Secretary, Department of Financial Services(DFS), Parshant Kumar Goyal, Joint Secretary, DFS “With Aquaculture insurance, we are not just mitigating risks but fostering resilience in one of...
DGCA serves notice on Air India for violating crew norms, warns on license suspension and operational restrictions

DGCA serves notice on Air India for violating crew norms, warns on license suspension and operational restrictions

by AIP Online Bureau | Jun 21, 2025 | Indian News, Regulation, Risk Management

The DGCA also warned Air India that future violations in crew scheduling will invite “strict action”, including licence suspension and operational restrictions. New Delhi: Aviation safety watchdog DGCA has ordered Tata Group-owned Air India to remove its...
Govt holds meeting on Iran-Israel conflict’s trade fallouts

Govt holds meeting on Iran-Israel conflict’s trade fallouts

by AIP Online Bureau | Jun 21, 2025 | Eco/Invest/Demography, Indian News, Policy

Country’s ship reporting system is in place to monitor any incidents. The freight and insurance rates are also being closely monitored New Delhi: According to the Commerce Ministry sources, the Commerce Secretary held a meeting with stakeholders from shipping and...
Prudential’s CEO Anil Wadhwani meets Sitharaman, remains bullish on India

Prudential’s CEO Anil Wadhwani meets Sitharaman, remains bullish on India

by AIP Online Bureau | Jun 20, 2025 | Health, Indian News, Life

Union Minister for Finance and Corporate Affairs, Nirmala Sitharaman met with Anil Wadhwani, chief executive officer, Prudential plc on Thursday Highlighting health as a shared strategic priority, Wadhwani conveyed the company’s commitment to leveraging its...
S Ramann takes over as new chairman of PFRDA

S Ramann takes over as new chairman of PFRDA

by AIP Online Bureau | Jun 20, 2025 | Eco/Invest/Demography, Indian News, Pension & Social Security, Regulation

S Ramann, chairman, PFRDA With his vast experience in public finance, technology, and financial regulation, Ramann,an officer of the Indian Audit & Accounts Service (IA&AS) from the 1991 batch, has been appointed as the new chairman of PFRDA for a tenure of...
Surveillance and testing for Covid-19 scaled up: ICMR NIV Director

Surveillance and testing for Covid-19 scaled up: ICMR NIV Director

by AIP Online Bureau | Jun 20, 2025 | Eco/Invest/Demography, Health, Indian News, Policy

Rajiv Bahl, DG, ICMR “The government and health agencies are closely monitoring COVID-19 cases and taking necessary steps. Currently, the number of active cases is low, and most cases are limited to southern and western India. The government is focusing on three...
Govt to meet stakeholders to assess impact of Iran-Israel conflict on India’s trade

Govt to meet stakeholders to assess impact of Iran-Israel conflict on India’s trade

by AIP Online Bureau | Jun 20, 2025 | Eco/Invest/Demography, Indian News, Non-Life, Policy, Reinsurance

According to think tank GTRI, any closure or military disruption in the Strait of Hormuz would sharply increase oil prices, shipping costs, and insurance premiums, triggering inflation, pressuring the rupee, and complicating India’s fiscal management. New Delhi:...
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