by AIP Online Bureau | Oct 8, 2026 | Eco/Invest/Demography, Health, Indian News, Regulation
The move addresses excessive trade mark-ups and aims to improve affordability while ensuring continued availability of these life-saving medicines.The measure is expected to reduce medicine prices by up to 70% and help cancer patients save ₹2,500 crore annually,...
by AIP Online Bureau | Oct 8, 2026 | Eco/Invest/Demography, Health, Indian News, Regulation, Risk Management
The guidelines prohibit registered medical practitioners and hospitals from using AI-generated content for advertising their services, soliciting patients or disseminating unverifiable information relating to diagnoses, treatments and outcomes. New Delhi:The National...
by AIP Online Bureau | Oct 8, 2026 | Eco/Invest/Demography, Health, Indian News, Policy
Nirmala Sitharaman,Union Finance Minister Currently, an 18 per cent GST is levied on all such group insurance policies. Almost every organised employer provides cover for its workforce, so the cost of providing the coverage comes down, which should assist the spread...
by AIP Online Bureau | Oct 8, 2026 | Eco/Invest/Demography, Indian News, Regulation, Risk Management, Technology
Narendra Modi,Prime Minister Modi flagged the growing challenge posed by deepfakes and said countries need to work together on a global framework to address such emerging threats. NEW DELHI: Prime Minister Narendra Modi on Thursday called for a global framework to...
by AIP Online Bureau | Oct 8, 2026 | Eco/Invest/Demography, International News, Non-Life, Reinsurance, Risk Management
According to a new analysis from Allianz Commercial, the average total value of a business interruption claim now exceeds €850,000. This is around 70% higher than the corresponding average property damage claim of close to €500,000, demonstrating that the financial...
by AIP Online Bureau | Oct 7, 2026 | Banking & Bancassurance, Eco/Invest/Demography, Indian News, Intermediaries, Regulation, Risk Management
“It is primarily, I think, to consumer interest, to reduce costs and also at the same time to prevent mis-selling,” said RBI Governor Sanjay Malhotra . Mumbai: RBI Governor Sanjay Malhotra has insurance regulator IRDAI’s proposed distribution reforms, saying the...
by AIP Online Bureau | Oct 7, 2026 | Indian News, Non-Life, Regulation
Sharad Mathur has already joined IndusInd General Insurance to succeed Rakesh Jain, while Parag Ved, MD & CEO of Liberty General Insurance is currently one of the frontrunners to succeed Tapan Singhel at Bajaj General Insurance, who completes 15 years in March...
by AIP Online Bureau | Oct 7, 2026 | Eco/Invest/Demography, International News, Non-Life, Reinsurance, Risk Management, Technology, Workplace/Employee Benefits
Kate Markham, Hiscox London Market CEO, said: “Our research highlights a growing resilience gap. While organisations are investing more in risk management, many still lack the structures, visibility and capabilities needed to understand how disruption spreads across...
by AIP Online Bureau | Oct 7, 2026 | Eco/Invest/Demography, Indian News, Life, Non-Life, Reinsurance
The ratings reflect GIC Re’s balance sheet strength, which AM Best assesses as very strong, as well as its adequate operating performance, favourable business profile and appropriate enterprise risk management. In addition, the ratings factor in a neutral impact...
by AIP Online Bureau | Oct 7, 2026 | Climate, Environment, Renewable Energy, Eco/Invest/Demography, Indian News, Non-Life, Reinsurance, Risk Management
Angela Lusigi, Resident Representative, UNDP India India’s more than 73 million MSMEs contribute about 30% of the country’s GDP and 44% of its exports, while employing 60% of its workforce (SIDBI, 2025). Yet climate shocks, supply-chain disruption, workplace risks and...
