Risk Management

Boeing sees flying cars revolutionizing urban transportation, package delivery

Facts       Jan 25, 2019

Boeing Co said on Wednesday its flying car prototype hovered briefly in the air during an inaugural test flight, a small but significant step as the world’s largest planemaker bids to revolutionize urban transportation and parcel delivery services.   Boeing is competing with arch-rival Airbus SE...

Weather catastrophes drive majority of $225 billion economic cost of natural perils in 2018 – Aon report

International News       Jan 22, 2019

  Chicago: Aon's Weather, Climate & Catastrophe Insight: 2018 Annual Report reveals that 394 natural catastrophe events in 2018 generated economic losses of USD225 billion.   Of that total, private sector and government-sponsored insurance programs covered USD90 billion of the total – the fourth-highest year on record....

France uses strict EU privacy law first time, fines Google 50 mn euros

International News       Jan 22, 2019

Paris: France's data watchdog on Monday announced a fine of 50 million euros ($57 million) for US search giant Google, using the EU's strict General Data Protection Regulation (GDPR) for the first time.   Google was handed the record fine from the CNIL regulator for failing...

L to R-CB Murli, CEO, AGCS, India , Sinéad Browne, AGCS Board Member and Chief Regions and Markets Officer for Asia Pacific Mark Mitchell, Regional CEO AGCS Asia Pacificat the lauch of AGCS's India reinsurance operations in Mumbai

AGCS opens reinsurance branch in India, targets EUR50 million premium over next 5 yrs

International News       Jan 21, 2019

  Mumbai: Allianz Global Corporate & Specialty SE (AGCS), dedicated carrier for corporate and specialty insurance business of German insurance giant Allianz SE, launched their new India reinsurance branch office in Mumbai on Monday and is targeting  €  50 million premium over the next five years.  ...

Delhi a 'gas chamber', better not to live in city, says SC about pollution

Indian News       Jan 18, 2019

  New Delhi: Delhi is a "gas chamber" where it’s difficult to live because of pollution and traffic congestion, said the Supreme Court on Friday, pulling up authorities for failing to improve air quality.   "In the morning and evening, there is so much pollution and traffic...

A.J. Gallagher’s 'clean coal' business draws ire of green investors

International News       Jan 18, 2019

  BOSTON: Two of America’s best-known green investors are reassessing their stakes in global insurance broker Arthur J. Gallagher & Co after a Reuters investigation into the company’s lucrative side-business in “clean coal”.   A.J. Gallagher (AJG.N) has invested in 34 facilities producing so-called refined coal, which...

DGCA asks airlines to make extra checks on A320neo planes with P&W engines

Indian News       Jan 18, 2019

  New Delhi: DGCA asks airlines to make extra checks on A320neo planes with P&W enginesIndia's air safety watchdog on Thursday directed airlines to make extra checks on their Airbus A320neo aircraft fitted with Pratt & Whitney engines as part of new safety protocols after temporary...

Headlights are passé: Luxury cars of the future will be illuminated with lasers

Facts       Jan 17, 2019

  Most people don’t turn on their car’s headlights and think, I wish they were brighter. Shuji Nakamura is not most people.   The Nobel Prize-winning illumination scientist has spent the past five years developing a laser-based lighting system. His company, SLD Laser, says the new design...

``Rising geopolitical and geo-economic tensions are the most urgent risk in 2019''

International News       Jan 16, 2019

    Mumbai: According to the the World Economic Forum’s Global Risks Report, rising geopolitical and geo-economic tensions are the most urgent risk in 2019, with 90% of experts saying they expect further economic confrontation between major powers in 2019.   The report released on Wednesday said environmental...

World Bank Gr announces $50 bn over five yrs for Climate Adaptation & Resilience

International News       Jan 15, 2019

  WASHINGTON: The World Bank Group today launched its Action Plan on Climate Change Adaptation and Resilience. Under the plan, the World Bank Group will ramp up direct adaptation climate finance to reach $50 billion over FY21–25. This financing level—an average of $10 billion a year—is...