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93% of Indian executives anticipate a cyber budget increase next year: PwC

by AIP Online Bureau | Nov 23, 2024 | Data, Eco/Invest/Demography, Risk Management, Technology

Cloud-related threats remain the foremost worry, cited by 55% of Indian executives as their most concerning cyber risk, marking a 3% increase from the previous year. However, 50% of security leaders and chief financial officers (CFOs) feel least prepared to address...

AM Best maintains outlook for global reinsurance industry to positive

by AIP Online Bureau | Nov 22, 2024 | Eco/Invest/Demography, International News, Life, Non-Life, Pension & Social Security, Reinsurance

Property reinsurance rates and terms have been relatively stable and are unlikely to soften in the coming months, owing to the hurricane activity during this year. Life insurance remains a good source of diversification for the large global reinsurers. The global...

Govt notifies telecom cyber security rules sets timelines for telcos to report security incidents

by AIP Online Bureau | Nov 22, 2024 | Eco/Invest/Demography, Indian News, Policy

Under the rules, every telecom entity will be required to implement specified measures to ensure cyber security, including adopting a telecom cyber security policy (security safeguards, risk management approaches, actions, training, best practices and technologies, to...

NGT seeks response from states on Arsenic fluoride in groundwater and tree cover loss

by AIP Online Bureau | Nov 22, 2024 | Eco/Invest/Demography, Indian News, Policy, Risk Management

The NGT had earlier sought the response of various states and union territories in the matter. It had taken suo motu (on its own) cognisance of a newspaper report regarding the detection of arsenic and fluoride in the groundwater across 230 districts in 25 states, and...

Chaucer appoints Jonathan Ng as new Class Underwriter in Political Risk, Singapore

by AIP Online Bureau | Nov 22, 2024 | Briefs, Non-Life, Reinsurance

Chaucer, the leading global speciality (re)insurance group, announces the appointment of Jonathan Ng as new Class Underwriter in Political Risk, Singapore.Jonathan joins Chaucer from AXA XL where he specialised in political risk underwriting in Catlin’s Lloyd’s...
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