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IRDAI issues licenses to Kiwi General Insurance and Allianz Jio Reinsurance, approves draft regulations for new SBSR Act

IRDAI issues licenses to Kiwi General Insurance and Allianz Jio Reinsurance, approves draft regulations for new SBSR Act

by AIP Online Bureau | Mar 9, 2026 | Eco/Invest/Demography, Indian News, Non-Life, Reinsurance

Ajay Seth, Chairman, IRDAI In order to expedite the regulatory alignment process and incorporating reforms of SBSR Act(the Sabka Bima Sabki Raksha (Amendment of Insurance Laws) Act, the IRDAI granted in-principle approval for drafting and publishing the draft...
Govt says Air India plane crash probe report will be out “very soon”

Govt says Air India plane crash probe report will be out “very soon”

by AIP Online Bureau | Mar 9, 2026 | Indian News, Non-Life, Reinsurance, Technology

“Regarding the AI171 crash that happened in June last year, the investigation is going at a very good pace, and all the resources that are required for AAIB, the primary agency which is looking into the investigation, the ministry is providing.And I would say...
Over 1.61 lakh water samples found contaminated in 2025-26: Govt in Rajya Sabha

Over 1.61 lakh water samples found contaminated in 2025-26: Govt in Rajya Sabha

by AIP Online Bureau | Mar 9, 2026 | Eco/Invest/Demography, Indian News, Risk Management

The number of samples tested in labs in 2025-2026 was 63.96 lakh, out of which 1.61 lakh were found to be contaminated, the House was informed. New Delhi: As many as 1.61 lakh samples of water out of nearly 64 lakh tested across the country in 2025-26 were found to be...
Lockton Re launches Agentforce 360 Platform

Lockton Re launches Agentforce 360 Platform

by AIP Online Bureau | Mar 9, 2026 | Intermediaries, International News, Non-Life, Reinsurance, Technology

Robert Bisset, CEO, North America, Lockton Re, said, “Agentforce will support the streamlining of some of our sales activity, creating better informed and more digitally connected broking teams. Many of our client teams are truly global and so the ability to share and...
Aon announces first stablecoin insurance premium payment

Aon announces first stablecoin insurance premium payment

by AIP Online Bureau | Mar 9, 2026 | International News, Non-Life, Reinsurance, Technology, Wealth Management/ Philanthropy

Led by Aon’s digital asset practice, this initiative builds on established digital-asset risk advisory capabilities, translating industry leading client services in insurance and risk management into practical application within the firm’s own operations....
Govt to curb opaque shipping surcharges amid Middle East tensions: Report

Govt to curb opaque shipping surcharges amid Middle East tensions: Report

by AIP Online Bureau | Mar 9, 2026 | Eco/Invest/Demography, Indian News, Non-Life, Policy, Reinsurance

The move comes after exporters flagged sharp and sometimes arbitrary increases in logistics costs, particularly during the current geopolitical crisis that has disrupted global shipping routes and pushed freight rates higher. New Delhi: The government is preparing to...
Strengthen cyber and operational resilience amid geopolitical tensions: Nasscom

Strengthen cyber and operational resilience amid geopolitical tensions: Nasscom

by AIP Online Bureau | Mar 9, 2026 | Indian News, Non-Life, Policy, Reinsurance, Risk Management, Technology

According to Nasscom, several companies have begun activating or reviewing business continuity plans for operations linked to affected countries to ensure uninterrupted service delivery in the event of regional disruptions.Organisations are also prioritising employee...
Over 3.07 crore women-led enterprises registered on Udyam till Feb 2026: Govt

Over 3.07 crore women-led enterprises registered on Udyam till Feb 2026: Govt

by AIP Online Bureau | Mar 9, 2026 | Eco/Invest/Demography, Indian News

Responding to a written question in the Rajya Sabha, Minister of State for MSME Shobha Karandlaje said the government has been implementing several schemes to support women entrepreneurs and increase their participation in the MSME sector New Delhi:More than 3.07...
Indian refiners seek legal view to buy sanctioned Russian oil under US waiver

Indian refiners seek legal view to buy sanctioned Russian oil under US waiver

by AIP Online Bureau | Mar 9, 2026 | Eco/Invest/Demography, Indian News, Regulation, Risk Management

The world’s third-biggest ​oil importer gets about 40% of its oil imports from the Middle East ​through the Strait of Hormuz.India has been hit by the stoppage ​of liquefied natural gas production by Qatar and the disruption to ​supplies ⁠from Abu Dhabi National...
India’s tech state Karnataka bans social media for children under 16

India’s tech state Karnataka bans social media for children under 16

by AIP Online Bureau | Mar 9, 2026 | Eco/Invest/Demography, Indian News, Policy, Regulation, Risk Management, Technology, Workplace/Employee Benefits

Less than one-quarter of Karnataka’s population is under the age of 15, a report of a 2019-20 survey conducted by India’s federal health ministry showed. The state has a population of 67.6 million, a 2025 presentation by federal government ​think tank Niti...
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