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Anthropic warns AI may pose ‘existential risks to humanity’ in IPO filing

Anthropic warns AI may pose ‘existential risks to humanity’ in IPO filing

by AIP Online Bureau | Sep 29, 2026 | Eco/Invest/Demography, International News, Risk Management

While public companies routinely outline product risks to ​investors, few, if any, have issued warnings suggesting their technology could cause potential human extinction. Anthropic emphasized both the transformative potential of AI on par ​with industrialization and...

Cyber claims accelerating sharply in APAC region, says Aon report

by AIP Online Bureau | Sep 29, 2026 | Workplace/Employee Benefits

Cyber fines may be insurable in 13 of 14 APAC jurisdictions, although the position varies considerably by market and often depends on the nature of the underlying conduct. China is the only jurisdiction reviewed where indemnity for cyber fines is expressly prohibited....
IRDAI’s proposed distribution reforms will hurt policyholders, cost jobs and slow insurance growth, says IBAI

IRDAI’s proposed distribution reforms will hurt policyholders, cost jobs and slow insurance growth, says IBAI

by AIP Online Bureau | Sep 29, 2026 | Indian News, Intermediaries, Life, Non-Life, Regulation

The association urges the IRDAI to preserve the 2023 framework, publish an impact assessment and target genuine mis-selling instead of imposing blanket commission caps Mumbai: The Insurance Brokers Association of India (IBAI), the official apex body of India’s...
84% wealth management firms see need to redesign operating models for AI: HCLTech

84% wealth management firms see need to redesign operating models for AI: HCLTech

by AIP Online Bureau | Sep 29, 2026 | Data, Eco/Invest/Demography, Technology

“Nearly every wealth management firm is spending on AI. Far fewer can say which programs they are funding, how far AI actually reaches into the operating model, or whether they’re measuring the outcomes that matter — new client value, growth and revenue models,”...
Nearly 80% of Indian home shoppers discover products through social media: Deloitte

Nearly 80% of Indian home shoppers discover products through social media: Deloitte

by AIP Online Bureau | Sep 29, 2026 | Data, Eco/Invest/Demography, Technology

Social media is becoming an important part of this changing purchase journey. About 57 per cent of consumers aged 18-28 seek inspiration from creators and influencers, compared with 27 per cent among consumers aged 45-60. Mumbai: Nearly 80 per cent of Indian home...
New generation of investors transforming India’s wealth ecosystem, says E&Y report

New generation of investors transforming India’s wealth ecosystem, says E&Y report

by AIP Online Bureau | Sep 29, 2026 | Data, Eco/Invest/Demography, Wealth Management/ Philanthropy

The next wave of growth will come from smaller cities, women investors, young professionals and emerging affluent households, many of whom need guidance as much as they need access,Pratik Shah, National Financial Services Leader, EY India Mumbai: Driven by young...
Competition Commission okays BNP Paribas-IndiaFirst Life Insurance deal

Competition Commission okays BNP Paribas-IndiaFirst Life Insurance deal

by AIP Online Bureau | Sep 29, 2026 | Indian News, Life, Regulation

After the completion of the transaction, IndiaFirst Life’s shareholding will comprise Bank of Baroda holding 65 per cent, BNP Paribas Cardif having a 26 per cent stake and Union Bank of India holding 9 per cent equity. New Delhi: Fair trade regulator CCI has...
SC slams 10-fold cancer drug markup by hospitals, backs 16% margin cap

SC slams 10-fold cancer drug markup by hospitals, backs 16% margin cap

by AIP Online Bureau | Sep 29, 2026 | Eco/Invest/Demography, Health, Indian News, Non-Life

A bench of Justices Vikram Nath and Sandeep Mehta asked the Centre to look into the issue of hospitals mandating the purchase of medicines from their chemists and said it is the common man who suffers from this system. “This is carnage. Plain and simple. The...

by AIP Online Bureau | Sep 29, 2026 | Workplace/Employee Benefits

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Govt launches live stock insurance portal

Govt launches live stock insurance portal

by AIP Online Bureau | Sep 28, 2026 | Eco/Invest/Demography, Indian News, Non-Life

Rajiv Ranjan Singh, Union Minister of Fisheries, Animal Husbandry & Dairying The newly launched Livestock Insurance Portal provides an end-to-end digital ecosystem for policy issuance, premium management, claim processing, beneficiary verification and real-time...
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