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...
by AIP Online Bureau | May 7, 2025 | International News, Reinsurance, Risk Management, Technology
“Criminal activity online – including, but not limited to, ransomware and data extortion – is rampant. Attacks like this are becoming more and more common. And all organizations, of all sizes, need to be prepared,” Jonathon Ellison and Ollie Whitehouse, respectively...
by AIP Online Bureau | May 7, 2025 | Briefs, Non-Life, Reinsurance
Sompo, a leading global provider of commercial and consumer property and casualty (re)insurance, announced the appointment of Nicholas Walsh as Independent Non-Executive Chairman of the Board of Directors for Sompo International Holdings(SIH). Monica Cramér Manhem has...
by AIP Online Bureau | May 7, 2025 | Eco/Invest/Demography, Indian News, Risk Management
Sources said that at least 18 airports in the northern and western parts of the country have been temporarily shut. These airports include Srinagar, Leh, Jammu, Amritsar, Pathankot, Chandigarh, Jodhpur, Jaisalmer, Shimla, Dharamshala and Jamnagar,they added New Delhi/...
by AIP Online Bureau | May 7, 2025 | Eco/Invest/Demography, Indian News, Policy, Risk Management
According to economic think tank GTRI, India’s exports worth $775 million to the UK may be impacted due to Britain’s decision to introduce carbon tax on products such as iron and steel, aluminium, fertiliser and cement, from 2027 New Delhi: The India-UK...
