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Indian lenders lag global peers on cybersecurity spends, BCG Says

by AIP Online Bureau | Aug 29, 2024 | Banking & Bancassurance, Eco/Invest/Demography, Indian News, Risk Management, Technology

Digital payment frauds saw a more than fivefold jump to 14.6 billion rupees ($175 million) in the year ended March 2024 from the previous fiscal year, according to the Reserve Bank of India Mumbai: Rising cases of online thefts and frauds will push Indian banks that...
California lawmakers pass AI safety bill

California lawmakers pass AI safety bill

by AIP Online Bureau | Aug 29, 2024 | Eco/Invest/Demography, International News, Policy, Regulation, Risk Management, Technology

The bill requires developers of large “frontier” AI models to take precautions such as pre-deployment testing, simulating hacker attacks, installing cyber security safeguards, and providing protection for whistleblowers At least 40 states have introduced...

Japan issues emergency warning as powerful Typhoon Shanshan nears

by AIP Online Bureau | Aug 28, 2024 | Disaster & Management, Eco/Invest/Demography, International News, Reinsurance, Risk Management

The meteorological agency issued an emergency warning saying the typhoon could bring flooding, landslides and wind strong enough to knock down some houses Southwestern Japan braced on Wednesday for what officials say could be one of the strongest storms to ever hit...
Red Sea insurance nearly doubles after attacked oil tanker appears to leak oil

Red Sea insurance nearly doubles after attacked oil tanker appears to leak oil

by AIP Online Bureau | Aug 28, 2024 | Eco/Invest/Demography, International News, Non-Life, Reinsurance, Risk Management

Insurance industry sources said on Wednesday additional war risk premiums, paid when vessels sail through the Red Sea, were quoted up to 0.75% of the vessel from 0.4% before the attack, although they were higher at 1% in February according to industry assessements of...

by AIP Online Bureau | Aug 28, 2024 | Workplace/Employee Benefits

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