Sanchet Pachpute is CIO of New York Life Insurance Company, where he leads platform modernization for Institutional Annuities.
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Every large insurance carrier eventually reaches the same crossroads: The core systems that ran the business for 20 or 30 years no longer keep pace with today’s needs. Policy administration, finance, compliance and distribution all depend on platforms built and extended long before “cloud-native” or “API-first” entered anyone’s vocabulary. The natural next step is to modernize, often by moving to a modern, vendor-supplied platform. That step is also where most modernization programs quietly get into trouble—and in annuities and life insurance, the trouble runs deeper than in most industries because a single policy can stay on the books for 30 or 40 years, quietly outliving two or three generations of the very systems meant to administer it.
Demonstrators gathering in Mumbai and New Delhi to demand the resignation of Election Commission chief meet stern police response.
Indian security forces have clamped down as the Gen Z-led Cockroach Janta Party (CJP), other student coalitions and opposition forces gathered for planned protests in New Delhi and Mumbai.
As CEO and Board member of Descartes, Ed Ryan guides the company’s growth, M&A strategies and long-tenured executive management team.
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For years, organizations have built supply chains on an expanding network of participants. Companies could reasonably rely on suppliers, carriers, freight brokers, customs brokers, logistics service providers and other partners to manage portions of supply chain operations and compliance. This model has helped deliver efficiencies and scale, but it has also created the assumption that supply chains are generally well governed.
Ethiopia and Eritrea have severed diplomatic relations as renewed fighting in northern Ethiopia raises fears of a wider regional conflict.
On Thursday, Ethiopia announced that it was closing its embassy in the Eritrean capital, Asmara, and ordered 10 Eritrean diplomats to leave the country within 48 hours, accusing them of activities that threatened national security.
Over 560 schools disrupted as high school protests continue in France
Back to France, midday figures quoted by Le Figaro show that 564 schools and educational establishments have been disrupted by the ongoing unrest, and some 600 people have been arrested so far today as the high school protests continue.
British pop star Olivia Dean has been accused of copying the melody of Bill Withers' soul classic Just The Two of Us in a legal case filed in California.
The complaint centres around Dean's song I've Seen It, taken from her Brit Award-winning 2025 album The Art of Loving.
California will allow up to 1,200W installations, but panels must be certified by an outside safety organization.
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California has joined nine other US states in approving plug-in solar installations, more commonly known as balcony solar. The Plug and Play Solar Act was passed with overwhelming bipartisan support and signed into law by governor Gavin Newsom on September 30th. "These small, easy-to-use solar panels will give everyone, including renters, the relief they desperately need on our outrageous energy bills," said the bill's author, state senator Scott Wiener. The law goes into force on January 1, 2027.
Friday deadline looms as the legal fallout widens beyond the Premier League case over the alleged breaches.
Manchester City are expected to press ahead with an appeal against findings that they breached Premier League financial rules by Friday’s deadline, opening a new chapter in a case that has already become one of the most significant in English football.
