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INSURANCE UNDERWRITING PRACTICES
Space startups seek insurance for orbital AI data centersCompanies are exploring insurance for orbital AI data centers. This is a significant development for a new industry backed by Elon Musk's S...- Agentic AI adoption drives stronger governance oversight, risk controlsIndian companies are prioritising local AI rules over international ones. They are focusing on ethics, identity, and privacy as AI adoption...
- Coforge shares gain over 2% after unveiling agentic AI platform for insurance industryCoforge's stock saw a boost following the launch of its "Nexa Agentic AI Platform," designed to enhance the global insurance industry. This...
- Insurers racing to ‘AI-proof’ systems as IRDAI flags risksIndian insurers are rethinking how they assess cyber risks. Regulators have asked them to review exposure to artificial intelligence-driven...
- ITC Infotech and InsureMO partner to bring AI-driven insurance modernisation to West Asia, Africa, and IndiaAlliance combines ITC Infotech's agentic AI framework with InsureMO's over 2,500 insurance APIs, enabling carriers to deploy intelligent au...
- Warren Buffett's framework for finding businesses to invest : The ‘Shiftless Nephew test’Warren Buffett once revealed a brutally simple test for separating great businesses from merely good ones: Could you put a lazy, not-too-sm...
- Companies fish for cyber cover as AI liability risks surfaceIndian companies are turning to cyber insurance for protection against AI risks. Concerns about AI agents going rogue or chatbots providing...
- For investors with patience, experience, and anxiety appetite: 5 stocks from different sectors with upside potential of up to 21%For the last five years, the theme on the street has mostly been: Buy today, expect comfort tomorrow. But some of the better wealth-creatin...
- In 1951, Warren Buffett Visited GEICO on a Weekend, That Conversation Established the Foundation for His Value Investing ApproachYoung Warren Buffett visited GEICO in 1951. This weekend trip was not planned but a quest for knowledge. He interviewed Lorimer Davidson. T...
- Pick your own health cover: How custom plans work and their hidden downsidesA health plan consists of a base plan and riders or add-ons. Earlier, the base plan comprised fixed features that could not be changed, and...
- Financial resilience must include India’s credit-invisible workforceIndia's strong digital finance infrastructure faces a challenge. Many informal workers lack financial resilience due to volatile incomes an...
- Insurers to up term policy rates for the second time in FY 2022Top private life insurers are revising term insurance rates by the fourth quarter. According to industry officials, reinsurers have taken a...
- Sunnier days ahead for India's general insurers, says Moody'sThe Insurance Laws (Amendment) Ordinance 2014 aims to enhance foreign direct investment, or FDI, in the insurance sector to 49 per cent fro...
- General insurers to face Rs 10,000 crore underwriting loss in FY-11: CrisilCrisil estimates the industry's underwriting losses to increase significantly to more than Rs 100 billion in 2010-11 from Rs 59 billion in ...
- General insurers to face Rs 10K cr underwriting loss in FY'11Research firm Crisil today projected underwriting loses of the domestic general insurance companies at Rs 10,000 crore in the 2010-11 fisca...
- Insurers turn realistic, rope in experts to price risksA decade after opening up, the insurance industry is showing signs of maturity. Underwriters — experts who price risks based on probability...
- Free pricing: GIC to keep reinsurance rates lowerGIC's move to offer lower rates to insurance companies while taking on their risks may result in more discounts from insurers.
- Insurance council to keep tabs on cosGeneral Insurance Council (GIC), the representative body of insurers, will play the role of industry watchdog from January 1 when the indus...
- Cos promise to stick to code in free price regimeIRDA’s decision to allow free pricing from January was based on general insurers’ assurances that high standards of underwriting and market...
- Irda may pull up insurers for cold-shouldering the elderlySenior citizens and their ilk who have so far been denied easy access to health insurance policies can now hope to get a fair deal, with th...
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