by AIP Online Bureau | Jun 11, 2025 | International News, Risk Management, Technology
“We are investigating,” said the company. About 88 per cent of complaints from India cited the chatbot not responding to queries, 8 per cent reported issues with the mobile app, and 3 per cent faced API-related problems New Delhi: OpenAI’s popular chatbot...
by AIP Online Bureau | Jun 11, 2025 | International News, Non-Life, Reinsurance
Stefan Wunderlich,head of Parametric Insurance Beazley has a long-term commitment to the property market, having trebled the size of its property underwriting since 2022. This commitment has seen it build a strong position in the US E&S market, roll out specialist...
by AIP Online Bureau | Jun 10, 2025 | Climate, Environment, Renewable Energy, Eco/Invest/Demography, International News, Risk Management
Fitch is now in the process of integrating physical climate risks into credit assessments. The move reflects an evolving concern among ratings firms and regulators alike that climate change is hitting the mortgage market — and the bonds that finance it — in ways that...
by AIP Online Bureau | Jun 10, 2025 | Eco/Invest/Demography, International News, Risk Management, Technology
High Court justice Victoria Sharp said the misuse of AI has “serious implications for the administration of justice and public confidence in the justice system.” Lawyers have cited fake cases generated by artificial intelligence in court proceedings in England, a...
by AIP Online Bureau | Jun 10, 2025 | Banking & Bancassurance, Eco/Invest/Demography, Indian News, Pension & Social Security, Wealth Management/ Philanthropy
Lto R–Ajay Seth, Finance secretary, Sanjay Malhotra, Governor, Reserve Bank of India,Nirmala Sitharaman,Union Finance Minister,Pankaj Choudhary,Union Minister of State for Finance and Nagaraju Maddirala, Secretary, Department of Financial Services at the 29th...
by AIP Online Bureau | Jun 10, 2025 | Eco/Invest/Demography, Indian News, Life, Technology
Tetsuya Kikuta, President and CEO, Dai-ichi Life Holdings “This strategic partnership with Capgemini supports our long-term ambition to build differentiated, internal capabilities through the establishment of our Global Capability Center,” said Tetsuya...
by AIP Online Bureau | Jun 10, 2025 | Banking & Bancassurance, Indian News, Life
Sumit Madan, CDO and CEO designate, Axis Max Life Insurance Sumit had joined Axis Max Life in February 2024 and brings over 25 years of extensive experience in banking establishing and scaling businesses with strategic clarity, people-centric leadership and...
by AIP Online Bureau | Jun 9, 2025 | Banking & Bancassurance, Eco/Invest/Demography, Indian News, Policy
Nirmala Sitharaman,Finance Minister The Governing Council appreciated NIIF’s evolution as a sovereign-linked asset manager and acknowledged the efforts made over the years to build strong partnerships with marquee investors like Abu Dhabi Investment Authority,...
by AIP Online Bureau | Jun 9, 2025 | Indian News, Life
The private sector life insurance industry, led by HDFC Life (with a total premium of Rs 4966 crore), has grown by 12 per cent y-o-y to Rs 20, 411 crore during the first two months of the fiscal. State owned Life Insurance Corporation(LIC) has increased its premium by...
by AIP Online Bureau | Jun 9, 2025 | Articles, Technology
One of the most notable societal benefits of telematics in motor insurance is its ability to influence driving behavior positively. By tracking metrics such as speed, braking patterns, and adherence to traffic rules, insurers can encourage safer driving habits....
