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Japan revokes certification for 3 models of Daihatsu after safety scandal

by AIP Online Bureau | Jan 16, 2024 | Eco/Invest/Demography, International News, Risk Management, Technology

The discovery in early 2023 that a half dozen models might be affected by manipulated test results ballooned into a full-blown scandal last month, when Daihatsu revealed that an internal probe found 174 irregularities across 64 cars dating back as far as 1989 Tokyo:...
Red Sea war insurance rises with more ships in firing line

Red Sea war insurance rises with more ships in firing line

by AIP Online Bureau | Jan 16, 2024 | Eco/Invest/Demography, International News, Non-Life, Risk Management

Insurance industry sources said that war risk premiums had risen to around 1% of the value of a ship, from around 0.7% last week with various discounts applied by underwriters. They added that rates were expected to move higher War risk insurance premiums for...

India’s CEOs see inflation, cyber risks as top threats in next 12 months: PwC Report

by AIP Online Bureau | Jan 16, 2024 | Eco/Invest/Demography, Health, Indian News, Risk Management, Technology

Health risks rank highly on the list of concerns faced by CEOs in India, with 27 per cent indicating that they anticipate their companies to be extremely and highly exposed to these over the next 12 months, the report noted New Delhi: India’s CEOs have flagged...
Problem of cybercrime troubling everyone, policing system needs to be reformed: HC

Problem of cybercrime troubling everyone, policing system needs to be reformed: HC

by AIP Online Bureau | Jan 16, 2024 | Eco/Invest/Demography, Indian News, Policy, Technology

The high court, which listed the matter for further hearing on January 30, asked the Delhi government standing counsel, Santosh Kumar Tripathi, and lawyer Arun Panwar, appearing for Delhi Police, to take instructions on having a simple digital facility for people to...
Red Sea crisis: Exporters holding consignments as shipping costs rise

Red Sea crisis: Exporters holding consignments as shipping costs rise

by AIP Online Bureau | Jan 16, 2024 | Eco/Invest/Demography, Indian News, Non-Life, Policy, Reinsurance, Risk Management

Around 80 per cent of India’s merchandise trade with Europe passes through the Red Sea and substantial trade with the US also takes this route. Both these geographies account for 34 per cent of the country’s total exports New Delhi: Indian exporters are...
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