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ICICI MF buys 1% stake in Go Digit General Insurance for ₹139 cr

ICICI MF buys 1% stake in Go Digit General Insurance for ₹139 cr

by AIP Online Bureau | Jul 30, 2026 | Eco/Invest/Demography, Indian News, Non-Life, Wealth Management/ Philanthropy

The transaction was executed on Wednesday at an average price of Rs 243 apiece, taking the deal size to Rs 139.03 crore, as per the data. Mumbai:ICICI Prudential Mutual Fund has bought about a 1 per cent stake in Go Digit General Insurance from venture capital firm...
Global CAT losses at nearly $112bn, only $44bn insured: Munich Re

Global CAT losses at nearly $112bn, only $44bn insured: Munich Re

by AIP Online Bureau | Jul 30, 2026 | Disaster & Management, Eco/Invest/Demography, International News, Non-Life, Reinsurance

Thomas Blunck,Member of the Board of Management. The first half of the year has provided a welcome breather from previous years of high natural disaster losses. But climate change and growing exposure persist, increasing the risk of larger losses in the future. The...
New India Assurance insures Skyroot’s Vikram-1 space mission

New India Assurance insures Skyroot’s Vikram-1 space mission

by AIP Online Bureau | Jul 29, 2026 | Eco/Invest/Demography, Indian News, Intermediaries, Non-Life, Reinsurance, Risk Management

“We have the privilege of insuring Skyroot’s Vikram-1 mission. As India enters the new space era with private launch providers, NIA is extending its expertise to the commercial space ecosystem. The successful orbital mission of Skyroot Aerospace and deployment...
Willis urges smarter data centre insurance buying as capacity demand nears $15billion

Willis urges smarter data centre insurance buying as capacity demand nears $15billion

by AIP Online Bureau | Jul 29, 2026 | Eco/Invest/Demography, Intermediaries, International News, Non-Life, Reinsurance

“Buying more insurance is not always the same as being better protected. When risks are properly modelled, understood and mitigated, clients can build more efficient, resilient insurance programs that reflect their actual exposures. This is especially important...
Fitch warns AI market correction emerging as major global credit risk

Fitch warns AI market correction emerging as major global credit risk

by AIP Online Bureau | Jul 29, 2026 | Eco/Invest/Demography, International News, Regulation, Technology

“The extent to which capital markets and economies have become intertwined with AI have created a vulnerability for credit,” Fitch said. The AI boom and the risk of a correction are emerging as major global credit risks, ratings agency Fitch has warned, adding to...
IRDAI grants license to ProTec General Insurance, approves key reforms

IRDAI grants license to ProTec General Insurance, approves key reforms

by AIP Online Bureau | Jul 29, 2026 | Eco/Invest/Demography, Indian News, Intermediaries, Non-Life, Regulation, Reinsurance

To further strengthen policyholder protection, the IRDAI has also approved amendments to the regulations governing insurance intermediaries.A key reform is the mandatory tagging of the authorised sales person to every insurance proposal, policy and certificate of...
India’s growth momentum remains strong despite global challenges: FinMin report

India’s growth momentum remains strong despite global challenges: FinMin report

by AIP Online Bureau | Jul 29, 2026 | Eco/Invest/Demography, Indian News, Policy

The report observed that India will need to continuously adapt to evolving global challenges, with domestic reforms and prudent macroeconomic management to stay on the high growth path and sustain investor confidence. New Delhi: India’s growth momentum remains...
Google India’s nodal officer booked over ‘fake’ app on Play Store

Google India’s nodal officer booked over ‘fake’ app on Play Store

by AIP Online Bureau | Jul 29, 2026 | Eco/Invest/Demography, Indian News, Technology

The victim stated that fraudsters contacted him through a social media platform in July and the administrators “advised” him to invest through the trading app after opening an account. Hyderabad:A case was registered against Google India’s nodal...
Star Health Insurance Q1 profit rises 25 pc to Rs 550 cr

Star Health Insurance Q1 profit rises 25 pc to Rs 550 cr

by AIP Online Bureau | Jul 29, 2026 | Indian News, Non-Life

The insurer’s underwriting profit surged to Rs 111 crore from Rs 16 crore in the corresponding quarter last year.Combined ratio of the insurer improved from 98.7 per cent in Q1FY26 to 97 per cent in Q1 FY 27. Chennai:Star Health and Allied Insurance Company, the...
PM FB row: Meta writes to govt, outlines rigorous safeguards for posts by prominent accounts

PM FB row: Meta writes to govt, outlines rigorous safeguards for posts by prominent accounts

by AIP Online Bureau | Jul 29, 2026 | Eco/Invest/Demography, Indian News, Policy, Technology

Meta officials, it is learnt, had attributed the error to AI-powered automated content filters that were reviewing shared posts and subsequent content that circulated following the original post by the prime minister. New Delhi: Meta has written to the government...
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