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Gallagher expands in Türkiye with acquisition of Aspera

Gallagher expands in Türkiye with acquisition of Aspera

by AIP Online Bureau | May 6, 2025 | Intermediaries, Non-Life, Reinsurance, Risk Management

This move marks further investment by Gallagher as the country increasingly becomes as a strategic insurance hub between Asia and Europe, Alex Nagler, CEO of Gallagher in Europe London: Gallagher today announced it has acquired Türkiye-based Aspera Sigorta ve...
Govt notifies cashless treatment scheme for road accident victims nationwide

Govt notifies cashless treatment scheme for road accident victims nationwide

by AIP Online Bureau | May 6, 2025 | Eco/Invest/Demography, Indian News, Non-Life, Policy, Regulation, Risk Management

“Any person being a victim of a road accident arising out of the use of a motor vehicle, occurring on any road, shall be entitled to cashless treatment in accordance with the provisions of this scheme,” the notification said. NEW DELHI: Complying with the...
LIC to see a major make over of its top management within a month

LIC to see a major make over of its top management within a month

by AIP Online Bureau | May 5, 2025 | Indian News, Life, Policy

Out of five existing managing directors, three including MD and CEO Siddarth Mohanty will be retiring by the first week of June It is expected that the FSIB will conduct interview for selecting a new MD & CEO in place of Mohanty in June after two new MDs,Dinesh...

CII releases guidebook on effective adoption governance of AI for board leaders

by AIP Online Bureau | May 5, 2025 | Data, Eco/Invest/Demography, Policy, Regulation, Risk Management, Technology

It encompasses basic concepts related to AI, its use in various business functions, criticality of AI governance and its framework, risks and challenges and its governance and liabilities of directors associated with deployment of AI in businesses. New Delhi: Industry...
Sebi mandates cooling-off period for directors at market infrastructure institutions

Sebi mandates cooling-off period for directors at market infrastructure institutions

by AIP Online Bureau | May 5, 2025 | Eco/Invest/Demography, Indian News, Regulation, Risk Management

In two separate notifications dated April 30, Sebi said that a non-independent director serving on the board of a market infrastructure institution will be eligible for direct appointment to the board of a competing institution after meeting two conditions — a...
TikTok fined $600 million for sending EU data illegally to China

TikTok fined $600 million for sending EU data illegally to China

by AIP Online Bureau | May 5, 2025 | Eco/Invest/Demography, International News, Regulation, Risk Management, Technology

“TikTok did not address potential access by Chinese authorities to EEA personal data under Chinese anti-terrorism, counter-espionage and other laws identified by TikTok as materially diverging from EU standards,” said Graham Doyle, a deputy commissioner at the DPC...

Flights again halted to Israel after Houthi missile lands near airport

by AIP Online Bureau | May 5, 2025 | Eco/Invest/Demography, International News

Following a ceasefire deal with Palestinian militant group Hamas in January, foreign carriers had begun to resume flights to Israel after halting them for much of the last year and a half since the Oct. 7, 2023 Hamas attack. European and U.S. carriers canceled flights...
Trading in Bitcoin in India is refined way of doing Hawala business: SC

Trading in Bitcoin in India is refined way of doing Hawala business: SC

by AIP Online Bureau | May 5, 2025 | Eco/Invest/Demography, Indian News, Regulation, Risk Management, Technology

The bench said that two years back while dealing with a case related to Bitcoin trade it had asked the Centre to apprise the court about the policy regime on the trade of virtual currency but till now it has not received any response. Senior advocate Mukul Rohatgi,...

Govt mandates legal interception of satcom services bars data routing outside country

by AIP Online Bureau | May 5, 2025 | Eco/Invest/Demography, Indian News, Policy, Regulation, Risk Management, Technology

The move assumes significance as the government is, for the first time, gearing up to open satellite communication service for the general public and needs to put measures in place to avoid any misuse of the services by criminal elements, especially terrorists. New...
India has 879.59 metric tonnes of gold, 511.99 MT held domestically: RBI

India has 879.59 metric tonnes of gold, 511.99 MT held domestically: RBI

by AIP Online Bureau | May 5, 2025 | Data, Eco/Invest/Demography, Regulation

In value terms (USD), the share of gold in the total foreign exchange reserves increased from 9.32 per cent at end-September 2024 to about 11.70 per cent at end-March 2025, according to the RBI’s ‘Half Yearly Report on Management of Foreign Exchange Reserves’. New...
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