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UK business interruption insurance anguish far from over

by AIP Online Bureau | Mar 2, 2021 | Eco/Invest/Demography, Health, International News, Non-Life, Pandemic, Reinsurance

  London: The UK Supreme Court dismissed appeals by insurers that said business interruption insurance claims were not valid in a test case brought by Britain’s markets watchdog on behalf of policyholders. The Financial Conduct Authority (FCA) said the case...

Munich Re partners with Google Cloud and Allianz for Cyber Insurance

by AIP Online Bureau | Mar 2, 2021 | Eco/Invest/Demography, International News, Non-Life, Reinsurance, Risk Management, Technology

  Munich, March 02: Munich Re, on Tuesday, has announced partnership with Google Cloud and Allianz Global Corporate & Specialty (AGCS) for focusing on providing cloud specific cover for organisations. Munich Re and AGCS have developed the Cloud...

Swiss Re partners with radar satellite-based flood monitoring provider ICEYE

by AIP Online Bureau | Mar 2, 2021 | Eco/Invest/Demography, International News

  Zurich, Mar 02: Swiss Re has entered into a strategic partnership with ICEYE, the largest commercial synthetic-aperture radar (SAR) satellite operator and flood monitoring provider. Building on ICEYE’s innovative technology, the partnership...

Human error, not Chinese cyber attack’, says Union Power Minister on Mumbai 2020 blackout

by AIP Online Bureau | Mar 2, 2021 | Eco/Invest/Demography, Indian News

  New Delhi: Union Power Minister R K Singh on Tuesday said that Mumbai power outage of October 2020 was caused by "human error" and there is no evidence to prove that it was trigged due to a cyber attack by China. Speaking to ANI, Singh said, "Two...

Hackers are going after SBI users with a scam that offers credit points worth ₹9,870

by AIP Online Bureau | Mar 2, 2021 | Indian News, Risk Management, Technology

  New Delhi: Several credit card users of the State Bank of India (SBI), the largest bank in the country and Mumbai based Ratnakar Bank Ltd(RBL)have been targeted with a phishing scam where hackers have flooded them with suspicious text messages, requesting...
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