by AIP Online Bureau | May 21, 2026 | Eco/Invest/Demography, International News, Non-Life, Reinsurance
Now, Iran has expanded its claimed area of jurisdiction and set out new rules for vessels seeking to transit the waterway, which is roughly 24 miles (39 kilometers) wide at the narrowest point. That involves seafarers dealing with a new body called the Persian Gulf...
by AIP Online Bureau | May 21, 2026 | Banking & Bancassurance, Eco/Invest/Demography, International News, Regulation, Risk Management, Technology
The European Banking Authority, which also sets rules for US and Asian banks operating in Europe, wants to ensure that national supervisors across the bloc have playbooks “to mitigate risks” that AI poses to the finance sector, Merkeviciute said. The more complex the...
by AIP Online Bureau | May 21, 2026 | Eco/Invest/Demography, International News, Technology, Wealth Management/ Philanthropy
Physical attacks on cryptocurrency holders rose 75% in 2025, reaching 72 confirmed incidents and $41 million in known losses, according to data compiled by the blockchain security firm CertiK. The figure is widely considered understated, with kidnappings and ransom...
by AIP Online Bureau | May 21, 2026 | Briefs, Non-Life
ICICI Lombard General Insurance today launched Service Assure, a new commitment under its IL Smart Assist (Road Side Assistance) offering. A one-of-the-industry’s-first roadside assistance promises, Service Assure commits to reaching private car customers within 30...
by AIP Online Bureau | May 21, 2026 | Indian News, Life
R Doraiswamy, CEO & M D, LIC, said,“FY 2025-26 has been a satisfying year for us, with strong overall growth across every business vertical leading to record performance metrics. We have achieved a Non Par share on APE basis in our individual business of more than...
by AIP Online Bureau | May 21, 2026 | Disaster & Management, Eco/Invest/Demography, Intermediaries, International News, Non-Life, Reinsurance
In late 2025, Willis placed the high rainfall parametric solution with Bao Minh Insurance Corporation in Vietnam, protecting coffee farmers’ revenue against a loss of yield due to excessive rainfall during the ‘golden’ harvesting period. The solution uses satellite...
by AIP Online Bureau | May 21, 2026 | Health, International News, Life
Gavin Maistry, chief executive-designate,Life and Health Asia Pacific, Middle East and Africa, Munich Re In his new role, Gavin Maistry will oversee approximately 600 professionals across 16 branches and representative offices, serving over 600 clients in APAC MEA. In...
by AIP Online Bureau | May 20, 2026 | Climate, Environment, Renewable Energy, Eco/Invest/Demography, International News
The effect is most pronounced when solar facilities are located next to coal plants. In China, the world’s largest producer of solar power and coal, aerosols slashed photovoltaic output by 7.7%, with scientists attributing nearly a third of the decline to coal-fired...
by AIP Online Bureau | May 20, 2026 | Disaster & Management, Eco/Invest/Demography, International News, Wealth Management/ Philanthropy
For cat bond investors, “current signals point to lower activity and losses in the Gulf, but relatively higher risk in the South- and Northeast, especially for stronger events,” Schroders said in a recent note. “This creates scope for portfolio repositioning ahead of...
by AIP Online Bureau | May 20, 2026 | Eco/Invest/Demography, International News, Policy
The UAE, a close ally of the United States and Israel, faced more missile and drone attacks from Iran during the war than any other country. The attacks — and Iran’s chokehold on the Strait of Hormuz — have more than halved the Emirates’ exports of crude oil and...
