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South African re/insurer Santam launches its India operations, targets Rs100 cr premium in 2 yrs

South African re/insurer Santam launches its India operations, targets Rs100 cr premium in 2 yrs

by AIP Online Bureau | Feb 19, 2026 | Eco/Invest/Demography, International News, Non-Life, Reinsurance

Lto R- Gedion Labane, Consul General of South Africa in Mumbai, Charlise Cloete,Cluster, Market Head Reinsurance: Asia Pacific, Santam,Curt Mayer, Executive Head, Santam Specialist. Gareth Beaver, CEO, Santam Specialist Solutions, and Kush Padia, CEO, Santam Re &...
South-South Cooperation:High-level Kenyan delegation  visits India to learn about AB PM-JAY

South-South Cooperation:High-level Kenyan delegation visits India to learn about AB PM-JAY

by AIP Online Bureau | Feb 19, 2026 | Eco/Invest/Demography, Health, International News, Non-Life, Policy, Technology

(Lto R)Dr. Gregory Ganda, County Minister for Health, Kisumu County and Sunil Kumar Barnwal, Chief Executive Officer, National Health Authority in New Delhi Since its launch in 2018, PM-JAY has enabled over 11.6 crore (116 million) hospital admissions worth more than...
ICICI Pru Life loses GST appeal cases, may have to pay over Rs1200 crore of taxes

ICICI Pru Life loses GST appeal cases, may have to pay over Rs1200 crore of taxes

by AIP Online Bureau | Feb 19, 2026 | Indian News, Life

However, in both the cases, the life insurer will file an appeal against the unfavourable orders before appropriate authority in due course and there are no financial implication for the company at this stage, the company said in an exchange filing on Thursday....
Nandan Nilekani flags AI backlash risk, calls diffusion of technology a necessity

Nandan Nilekani flags AI backlash risk, calls diffusion of technology a necessity

by AIP Online Bureau | Feb 19, 2026 | Eco/Invest/Demography, Indian News, Risk Management, Technology

Infosys Chairman Nandan Nilekani noted that AI’s most visible outcomes, like creating deep fakes, raising the price of your power bill, or similar other things that are happening, could turn public sentiment against it.He said that helping technology reach a...
NGT forms panel, seeks comprehensive plan to protect coastal erosion of Sunderbans

NGT forms panel, seeks comprehensive plan to protect coastal erosion of Sunderbans

by AIP Online Bureau | Feb 19, 2026 | Climate, Environment, Renewable Energy, Eco/Invest/Demography, Indian News, Risk Management

During the hearing, the West Bengal government informed the Tribunal that the Gangetic delta is facing severe erosion due to several reasons.These include natural geological changes, rising sea levels, frequent cyclones, and reduced supply of sediment because of...
Govt yet to take a finall call on stopping import of Russian oil

Govt yet to take a finall call on stopping import of Russian oil

by AIP Online Bureau | Feb 19, 2026 | Eco/Invest/Demography, Indian News, Non-Life, Policy, Reinsurance

India’s Directorate General of Shipping has until Friday to extend the approvals of four Russian insurers, its website shows. Four other Russian ones don’t need to renew their approvals until 2029 and 2030. The Indian government must decide in the next few days...
Verisk downplays AI disruption fears as quarterly profit beats estimates

Verisk downplays AI disruption fears as quarterly profit beats estimates

by AIP Online Bureau | Feb 19, 2026 | Workplace/Employee Benefits

“High-quality data is critical for accuracy and effectiveness, and Verisk is in a unique position as one of very few providers who currently aggregate data from multiple sources,”Verisk CEO Lee Shavel said Verisk’s fourth-quarter profit topped Wall Street expectations...
Environmental groups challenge decision to revoke basis of climate regulations

Environmental groups challenge decision to revoke basis of climate regulations

by AIP Online Bureau | Feb 19, 2026 | Climate, Environment, Renewable Energy, Eco/Invest/Demography, International News, Risk Management

US President Donld Trump has said he believes climate change is a hoax, and has withdrawn the United States from the Paris Agreement, leaving the world’s largest historic contributor to global warming out of international efforts to combat it in addition to killing...
AI:ERGO aims to cut about 1,000 positions in Germany

AI:ERGO aims to cut about 1,000 positions in Germany

by AIP Online Bureau | Feb 18, 2026 | Eco/Invest/Demography, International News, Non-Life, Technology

The cuts affect simple and repetitive tasks in telephony and claims processing, a spokesman said on Tuesday. They will take place over five years through the end of 2030, with ERGO saying there will be no forced redundancies during this time. Munich Re’s primary...
New GIC Re CMD to be selected by FSIB on Feb 24

New GIC Re CMD to be selected by FSIB on Feb 24

by AIP Online Bureau | Feb 18, 2026 | Indian News, Regulation, Reinsurance

A few names including Ashok Lahoty,appointed actuary of state owned National Insurance Company along with three senior most officials of GIC Re,Hitesh Joshi, executive director and acting CMD,Jayshree Bala,ED GIC Re and V Balkrishna, general manager along with others...
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