AI, Climate and Analytics Shape Credit Risk in 2026 Credit risk management is evolving rapidly as banks and financial institutions adjust to new economic conditions, regulatory requirements, and technological advancements.…
Indian-American arrested over $100 million bank fraud using manipulated insurance titles A 44-year-old Indian-American man has been arrested in California for allegedly defrauding a bank of nearly USD 100 million…
NBFCs can distribute insurance without RBI approval The Reserve Bank of India (RBI) has allowed non-banking financial companies (NBFCs) to distribute insurance products without seeking prior approval from the central…
India launches first guided-missile cancer therapy Novartis has introduced India's first radioligand therapy for advanced prostate cancer, marking a significant step in precision oncology. The therapy, Pluvicto (lutetium/Lu-177 vipivotide tetraxetan),…
IRDAI fines Nissan Financial Rs 1 crore The Insurance Regulatory and Development Authority of India (IRDAI) has imposed a penalty of Rs 1 crore on Nissan Renault Financial Services India,…
Government names Hitesh Joshi chairman and managing director of GIC Re Hitesh Rameshchandra Joshi has been appointed Chairman-cum-Managing Director (CMD) of General Insurance Corporation of India (GIC Re), effective June…
The recent regulatory focus on dark patterns, seller tagging and commission reforms marks an important moment for India’s insurance sector. IRDAI’s decision to examine manipulative digital practices through independent audits…
The Reserve Bank of India’s stricter framework on mis-selling of financial products, effective January 1, 2027, is a timely and necessary intervention in a market where banking, lending, insurance and…
Date : 30th June 2026, Mumbai Organised by: Insurance Institute of India The Insurance Institute of India (III) conducted a seminar on 30th June 2026 on the theme "Reimagining Insurance…
An insurance company cannot refrain from accepting a defense that does not constitute the reason for rejecting the claim : Supreme Court Case Title: JSK Industries Pvt Ltd vs Oriental…