by AIP Online Bureau | Jul 24, 2024 | Eco/Invest/Demography, International News, Non-Life, Reinsurance, Risk Management, Technology
Fortune 500 firms excluding Microsoft to see $5.4 bln in CrowdStrike losses LONDON: U.S. Fortune 500 companies, excluding Microsoft will face $5.4 billion in financial losses from the recent CrowdStrike outage, insurer Parametrix said on Wednesday. CrowdStrike’s...
by AIP Online Bureau | Jul 24, 2024 | Indian News, Life
The life insurer’s Value of New Business (VoNB) stood at Rs 970 crore with a 12 per cent year on year (Y-o-Y) growth in Q11FY 25. Its VoNB margin was at 26.8 per cent during the reporting quarter Mumbai: SBI Life, the largest private sector life insurer, has...
by AIP Online Bureau | Jul 24, 2024 | Eco/Invest/Demography, International News, Risk Management, Technology, Workplace/Employee Benefits
The incident crashed Microsoft Windows computer systems around the world on Friday, taking down airline, banking and stock exchange operations from Australia and Japan to the UK CrowdStrike Holdings Inc., the cybersecurity company at the center of massive global IT...
by AIP Online Bureau | Jul 24, 2024 | International News, Non-Life, Reinsurance, Risk Management
The plane caught fire after skidding off the runway at Kathmandu airport and crashing into a field east of the runway,” the airport official added Kathmandu: A private airlines’ Pokhara-bound plane crashed during takeoff at the Tribhuvan International...
by AIP Online Bureau | Jul 24, 2024 | Eco/Invest/Demography, International News, Non-Life, Reinsurance, Risk Management
“We expect claims will be mostly within the retentions of primary insurers,” said Fitch Cyber risk remains difficult for insurers to assess due to the dynamic root causes of claims. Challenges include a lack of effective, widely accepted modeling tools and...
