by AIP Online Bureau | May 8, 2025 | Indian News, Non-Life, Reinsurance, Risk Management, Technology
Five people were killed and two others injured in the helicopter crash that happened near Gangnani in Uttarkashi district.Seven people, including the pilot, were on board the helicopter of Ahmedabad-based private company AeroTrans Services Pvt Ltd, one of the...
by AIP Online Bureau | May 8, 2025 | International News, Non-Life, Regulation, Reinsurance, Technology
Patrick Tiernan, CEO-designate, Lloyd’s “My primary focus will be supporting the commercial success of our market participants while keeping an iron grip on underwriting discipline and safeguarding the financial strength of the Corporation. We will work at pace...
by AIP Online Bureau | May 8, 2025 | Eco/Invest/Demography, Indian News, Risk Management
“The outbreak of hostilities between India and Pakistan has increased regional credit risks, especially for the two sovereigns involved. Our base case is for the intense military actions to be temporary, which will give way to a longer period of contained and...
by AIP Online Bureau | May 7, 2025 | Indian News, Non-Life, Technology
Though the details of the Motor Insurance agenda is yet to be known, sources said like common empanelment of hospitals and standard rates in the Health Insurance, there will be nationwide common empanelment of garages with standard rates. Mumbai:After undertaking the...
by AIP Online Bureau | May 7, 2025 | Banking & Bancassurance, Eco/Invest/Demography, International News, Policy, Risk Management
Fed Chair Jerome Powell “Uncertainty about the economic outlook has increased further,” the FOMC said at the end of a two-day meeting during which officials agreed unanimously to keep the central bank’s benchmark interest rate steady in the...
by AIP Online Bureau | May 7, 2025 | Indian News, Non-Life, Reinsurance, Risk Management
Indian airlines have informed the insurers including New India Assurance, Tata AIG General Insurance, ICICI Lombard General Insurance that they are going by the advise of the Indian government and no aircrafts have been parked in any of the airports around Indo-Pak...
by AIP Online Bureau | May 7, 2025 | Climate, Environment, Renewable Energy, Eco/Invest/Demography, Indian News, Policy, Risk Management, Technology
India’s climate finance taxonomy will facilitate greater resource flow to climate-friendly technologies and activities, enabling the country to achieve the vision of becoming net zero by 2070 while ensuring long-term access to reliable and affordable energy, the...
by AIP Online Bureau | May 7, 2025 | Banking & Bancassurance, Eco/Invest/Demography, Indian News, Risk Management, Technology
“We have strengthened the cyber security mechanism… we have created a 24 hours war room to diffuse any cyber attack… we are prepared for any eventuality,” Punjab National Bank MD and CEO Ashok Chandra said New Delhi: Banks have tightened their cyber...
by AIP Online Bureau | May 7, 2025 | International News, Non-Life, Reinsurance
“Clinical trials insurance is a regulatory requirement in many countries and it’s often the last hurdle to get approval to begin clinical research,” says Robert Hannaford, Senior Underwriter – Life Science, Markel. “Delays to this process can result in sizeable costs,...
by AIP Online Bureau | May 7, 2025 | International News, Non-Life, Reinsurance, Risk Management, Technology
As AI adoption continues to surge, AI incidents have spurred over 150 lawsuits in the US in the last 5 years per researchers at George Washington University. AI regulations are proliferating and scrutiny intensifying, it’s essential for AI adopters to protect...
