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Cryptocurrency-related cyberattacks grew by 192%: Report

by AIP Online Bureau | Jun 30, 2021 | Eco/Invest/Demography, International News, Non-Life, Reinsurance, Risk Management, Technology

  New Delhi: As the price of bitcoin increased by almost 400 per cent, cryptocurrency-related email compromise attacks increased by 192 per cent between October 2020 and May 2021, a report said on Tuesday. According to cloud-enabled security solutions provider...

GIC Re shares climb nearly 4 pc after earnings announcement

by AIP Online Bureau | Jun 30, 2021 | Indian News, Reinsurance

  Mumbai: Shares of General Insurance Corporation of India on Wednesday jumped nearly 4 per cent after the company reported a consolidated net profit of Rs 1,991.59 crore for the financial year 2020-21. The stock gained 3.57 per cent to Rs 211.50 on the BSE.At...

UK government set for leading role in insuring live entertainment

by AIP Online Bureau | Jun 30, 2021 | Eco/Invest/Demography, Health, International News, Non-Life, Pandemic, Policy, Reinsurance

  London: The British government is expected to announce an insurance scheme in the coming weeks for live events, including festivals, theatre and sports, to allow them to go ahead despite the pandemic, insurance industry sources said. Insurers have since last...

SC directs NDMA to issue norms for financial help to kin of Covid victims

by AIP Online Bureau | Jun 30, 2021 | Disaster & Management, Eco/Invest/Demography, Health, Indian News, Non-Life, Pandemic, Policy

New Delhi: The Supreme Court on Wednesday directed the National Disaster Management Authority (NDMA) to issue fresh guidelines for providing minimum standards of financial help to families of those who lost their lives to COVID-19. A special bench of Justices Ashok...

Elon Musk’s Starlink to provide internet nearly worldwide within weeks

by AIP Online Bureau | Jun 30, 2021 | Eco/Invest/Demography, International News, Technology

  Elon Musk’s satellite network Starlink is on track to beam broadband internet everywhere in the world except the polar regions by August. Space Exploration Technologies Corp. has launched more than 1,500 satellites so far and has Starlink operations in...
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