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Agentic AI may help insurers reduce cost, complexity of tech modernisation: Report

Agentic AI may help insurers reduce cost, complexity of tech modernisation: Report

by AIP Online Bureau | May 8, 2026 | Eco/Invest/Demography, Life, Non-Life, Technology

According to the report, insurers that combine reusable AI capabilities with strong governance and platform discipline can accelerate the decommissioning of legacy systems while maintaining operational control. Agentic AI presents an opportunity to fundamentally...
Govt exploring fractional aircraft ownership policy, considering aircraft as infrastructure assets: Civil Aviation Minister

Govt exploring fractional aircraft ownership policy, considering aircraft as infrastructure assets: Civil Aviation Minister

by AIP Online Bureau | May 8, 2026 | Eco/Invest/Demography, Indian News, Policy

Ram Mohan Naidu,Union Civil Aviation Minister Addressing the India Aircraft Leasing and Financing Summit 2.0 at GIFT City in Gandhinagar, the minister said the Ministry of Civil Aviation is engaging with the Ministry of Finance to develop forward-looking aviation...
Global InsurTech funding reaches in $1.63 billion in Q1:Gallagher Re

Global InsurTech funding reaches in $1.63 billion in Q1:Gallagher Re

by AIP Online Bureau | May 8, 2026 | International News, Non-Life, Reinsurance, Technology

AI-focused companies dominated the quarter, accounting for 95.2% of total funding — a record share. These firms raised USD 1.55 billion across 68 deals, with all of the ten largest funding rounds going to AI-led businesses. Global InsurTech funding remained resilient...
Financial Stability Risks:Artificial Intelligence fuelling Cyberattacks

Financial Stability Risks:Artificial Intelligence fuelling Cyberattacks

by AIP Online Bureau | May 8, 2026 | Articles, Eco/Invest/Demography, Regulation, Risk Management, Technology

Anthropic’s Claude Mythos Preview highlights rapidly escalating AI-driven cyber risks, with the model able to identify and exploit vulnerabilities across major systems even in non-expert hands.This signals how quickly such threats could extend beyond technology and...
Time for greater workforce formalisation, expansion of social security coverage:SBI report

Time for greater workforce formalisation, expansion of social security coverage:SBI report

by AIP Online Bureau | May 8, 2026 | Data, Eco/Invest/Demography, Pension & Social Security, Policy

Punjab records the highest share of informal workers at 82 per cent, followed by Uttar Pradesh and Bihar at 81 per cent each.Rajasthan, Chhattisgarh, Andhra Pradesh and Madhya Pradesh also exhibit high levels of informal employment, with nearly 74 per cent of workers...
Iran accuses US of violating ceasefire with new attacks

Iran accuses US of violating ceasefire with new attacks

by AIP Online Bureau | May 7, 2026 | International News

The U.S. ⁠targeted “an Iranian oil tanker ​traveling from Iran’s coastal waters ​near Jask toward the Strait of Hormuz, as well as another vessel ​entering the Strait of ​Hormuz near the Emirati port of Fujairah,” ‌a ⁠spokesperson for Iran’s...
Countries scramble to track virus-affected cruise passengers

Countries scramble to track virus-affected cruise passengers

by AIP Online Bureau | May 7, 2026 | Health, International News

In total, five people are confirmed to have contracted the virus, with another three suspected cases, the World Health Organization said. Hantavirus is usually spread by rodents but can in rare cases be transmitted person-to-person. AMSTERDAM/GENEVA:Countries...
FM launches new insurance policy for manufacturers

FM launches new insurance policy for manufacturers

by AIP Online Bureau | May 7, 2026 | International News, Non-Life, Reinsurance, Risk Management, Technology

“FM Essential brings together engineering insight, data analytics and competitive risk transfer capabilities to help manufacturers navigate complexity and focus investment where it has the greatest impact.” Alex Tadmoury, executive vice president, International, at FM...
Iran sets Hormuz transit rules; Shipowners stay cautious

Iran sets Hormuz transit rules; Shipowners stay cautious

by AIP Online Bureau | May 7, 2026 | Eco/Invest/Demography, International News, Non-Life, Regulation, Reinsurance

Iran’s Islamic Revolutionary Guard Corps said Wednesday that “safe, stable passage” through the waterway will be possible with “new protocols in place.” That came soon after a report that the US had proposed a peace deal, which Tehran is now considering. Iran has laid...
Banks must prepare for cyber threats posed by AI models like Mythos: Nagaraju

Banks must prepare for cyber threats posed by AI models like Mythos: Nagaraju

by AIP Online Bureau | May 7, 2026 | Banking & Bancassurance, Indian News, Risk Management, Technology

Referring to cyber security concerns, he said Anthropic Mythos AI model has advanced capabilities to identify and potentially exploit systems, and added that it has raised alarm bells among regulators because of the vulnerabilities in legacy banking technology...
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