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China puts controlling stake of revamped Anbang on the block for $5.2 bln

by AIP Online Bureau | Jul 19, 2021 | International News, Non-Life, Reinsurance

  Beijing Two Chinese state investors plan to sell a combined 98.78% of their stakes in Dajia Insurance Group, the revamped entity of embattled Anbang Insurance Group, for 33.6 billion yuan ($5.19 billion), according to an auction filing on Friday. China...

South Africa’s riots insurer in spotlight after days of Carnage

by AIP Online Bureau | Jul 19, 2021 | Eco/Invest/Demography, International News, Non-Life, Reinsurance

  As calm begins to return to South Africa following days of violent riots that caused billions of rand in damage, questions are being asked about who will foot the bill. While some claims will be assessed by heavyweight insurers such as Old Mutual Group Ltd. and...

Cyber security key to achieve PM’s dream of USD 5 tr economy: Shah

by AIP Online Bureau | Jul 18, 2021 | Eco/Invest/Demography, Indian News

Gandhinagar:  Union Home Minister Amit Shah on Monday said that to achieve Prime Minister Narendra Modi's dream of India becoming a five-trillion-dollar economy, cyber security was very important. He was speaking at the inauguration of the Centre of...

India among top three countries facing phishing attacks via WhatsApp and Telegram, reveals report

by AIP Online Bureau | Jul 18, 2021 | Eco/Invest/Demography, International News, Non-Life, Risk Management, Technology

  India is among the top three countries facing phishing attacks primarily via instant mobile messaging apps like Facebook-owned WhatsApp and highly-encrypted Telegram, a new report revealed on Wednesday. The biggest share of detected malicious links between...

Mint Mobile data breach allows hackers to port phone numbers: Report

by AIP Online Bureau | Jul 18, 2021 | Uncategorized

San Francisco: US-based telecommunication company Mint Mobile has revealed the company became a victim of a data breach that allowed several phone numbers to be ported out to another carrier, along with possible access to subscriber data. An email sent on Saturday to...
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