Risk Management
India has 19 judges per 10 lakh people: Data
India has 19 judges per 10 lakh people on an average, according to a Law Ministry data which also states that the judiciary faces a combined shortage of over 6,000 judges, including over 5,000 in the lower courts itself. According to the data, part of...
Government mulls ordinance to fast track settlement of commercial disputes
NEW DELHI: Seeking to improve India's ranking on ease of doing business index, the government is mulling an ordinance which provides for time-bound settlement of commercial disputes and make arbitrators accountable, a senior government functionary has said. The government plans to bring the ordinance based...
Porsche first German carmaker to abandon diesel engines
Stuttgart: Sports car maker Porsche said Sunday it would become the first German auto giant to abandon the diesel engine, reacting to parent company Volkswagen's emissions cheating scandal and resulting urban driving bans. "There won't be any Porsche diesels in the future," CEO Oliver Blume...
Samir H. Shah Executive Director & CFO, HDFC ERGO General Insurance
Risky Business-Insurers Face Shifting Landscape
Insurers are increasingly operating on a shifting landscape across the world. From technological innovations, unconventional monetary policies, political upheavals to regulatory tweaking; the ground rules are being redefined. Today, with technology-driven eco-system we see increased efficiencies, better economies of scale, quicker delivery and innovations. Traditional...
Suresh Prabhu orders safety audit of all airlines, airports
Mumbai: Civil Aviation Minister Suresh Prabhu Thursday ordered a safety audit of all scheduled airlines and airports, amid recent incidents related to safety of passengers. The development also comes on a day when several passengers on a Jet Airways flight from Mumbai to Jaipur suffered...
Indian companies get over 5 lakh security alerts daily but 39% go unattended: Cisco
New Delhi: Indian companies receive over 5 lakh security alerts a day, but nearly 39 percent of these go unattended due to lack of required skill sets in organisations, a report by tech giant Cisco said. The report, titled Cisco 2018 Asia-Pacific Security Capabilities Benchmark...
CBI scrutinises India's largest law firm Cyril Amarchand in PNB fraud probe
Mumbai/Delhi India's largest law firm, Cyril Amarchand Mangaldas (CAM), is being scrutinized by federal agents after they seized documents related to the $2 billion fraud at state-run Punjab National Bank (PNB) from CAM's premises in February, a lawyer representing the government and a police source...
Marsh & McLennan to buy UK broker JLT for $5.7 billion
London: Marsh & McLennan Companies Inc has agreed to buy Jardine Lloyd Thompson for about 4.3 billion pounds ($5.7 billion) in cash as the U.S. financial services group looks to boost its speciality risk broking and global reinsurance business. Strategic Rationale The acquisition of JLT...
Over 60% of insurance experts expect higher cyber-related losses over next 12 months:Willis
Singapore/Hong Kong: Insurance companies are expecting increased cyber-related losses across all business lines over the next 12-months, driven by increasing reliance on technology and high-profile cyber-attacks, according to the annual Silent Cyber Risk Outlook global survey from Willis Re, the reinsurance division of leading global...
Govt deactivating identification numbers of 2.1 mn directors over KYC norms
New Delhi: The government has started the process of de-activating the identification numbers of nearly 2.1 million directors of companies as they failed to comply with KYC norms, according to a senior official. The Director Identification Numbers (DINs) -- a unique number allotted to individuals...
