by AIP Online Bureau | Nov 13, 2025 | Banking & Bancassurance, Climate, Environment, Renewable Energy, Eco/Invest/Demography, International News, Risk Management, Technology
In terms of risk management practices, the report pointed out that deploying AI technologies introduces new technical risks and increases reliance on third-party vendors. At the same time, AI can help banks improve risk identification, monitoring, and pricing. New...
by AIP Online Bureau | Nov 13, 2025 | Indian News, Risk Management
Justice Joymalya Bagchi said, “The AAIB inquiry is not for apportion blame on anyone. It is only to clarify the cause so that the same does not happen again.” New Delhi: The Air India pilot has not been blamed in the AAIB’s preliminary report into the June 12 plane...
by AIP Online Bureau | Nov 13, 2025 | Eco/Invest/Demography, Indian News, Life, Regulation
“We can plan getting into non-life business if composite license is allowed by the government afterwards.Mahindra brand strength, deep distribution capabilities in rural and semi-urban India and execution excellence make life insurance a logical extension towards our...
by AIP Online Bureau | Nov 12, 2025 | Climate, Environment, Renewable Energy, Disaster & Management, Eco/Invest/Demography, Intermediaries, International News, Non-Life, Reinsurance, Risk Management
Christopher Au, Head of APAC Climate Risk Centre, at Willis, said: “With over 1.9 million registered small-scale fishers relying on the nearshore for their livelihoods, the impacts of climate change, such as high winds, rough seas and heavy rainfall, pose increasing...
by AIP Online Bureau | Nov 12, 2025 | Indian News, Non-Life, Reinsurance
`GIC Re’s broad objective is to maintain its dominance in the domestic market while strategically enhancing its global footprint for diversification and spread. Our decisions will be guided by exposure management, price adequacy and portfolio balance on an ongoing...
by AIP Online Bureau | Nov 12, 2025 | Articles, Eco/Invest/Demography, Risk Management, Technology
-Three in five banks and insurers cite customer onboarding among top reasons for AI agent adoption,-33% of firms are actively developing proprietary AI agents in-house, though only 10% have deployed at scale,-Nearly half of banks and insurers are creating new jobs to...
by AIP Online Bureau | Nov 12, 2025 | International News, Risk Management, Technology
In the past, users of Gmail, Chat and Meet were given the option to turn on Google’s artificial intelligence program. But in October, the Alphabet Inc. unit “secretly” turned on Gemini for all those applications, enabling it to collect private data “without the users’...
by AIP Online Bureau | Nov 12, 2025 | Eco/Invest/Demography, Health, Indian News, Intermediaries, Regulation, Reinsurance, Risk Management, Technology
Ajay Seth, chairman,IRDAI `While the number of health insurance claims settled is high, the amount settled especially in full is sometimes lower than expected.This is an area we are monitoring closely. Our expectation from the insurers is clear. Prompt, fair and...
by AIP Online Bureau | Nov 12, 2025 | International News, Technology
The offerings strengthen Hexaware’s collaboration with Google and reflect a shared focus on accelerating digital transformation through automation, AI, and scalable cloud-native architectures for the insurance industry.Hexaware’s parametric claims solution...
by AIP Online Bureau | Nov 11, 2025 | Indian News, Life
Axis Max Life reported New Business Margins of 23.3 per cent in H1 FY’26 up from 21.2 per cent during the same period last year. The Value of New Business (VNB), a measure of profitability experienced a YoY growth of 27 per cent outperforming the peers, aided by...
