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Without backup plans, global IT outages will happen again

by AIP Online Bureau | Jul 22, 2024 | Disaster & Management, Eco/Invest/Demography, International News, Risk Management, Technology

“I’m sure the regulators globally are looking at this. There is limited competition globally for operating systems, for example, and also for the large-scale cybersecurity products like the ones CrowdStrike provides,” said Nigel Phair, a cybersecurity professor at...

CrowdStrike Crisis: Negotiating ‘Blue Screen of Death’ (BSOD) loop

by AIP Online Bureau | Jul 22, 2024 | Articles, Eco/Invest/Demography, Non-Life, Reinsurance, Risk Management, Technology, Workplace/Employee Benefits

Clear understanding and documentation of cyber insurance policies are essential to determine coverage in connection with such incidents. Insurers could see that their incident response and claims handling teams are stretched thin given the scale of this incident, as...

Economic Survey highlights urgent need for structured elderly care policies in India

by AIP Online Bureau | Jul 22, 2024 | Eco/Invest/Demography, Health, Indian News, Pension & Social Security, Workplace/Employee Benefits

Coupled with insights from a NITI Aayog position paper, the survey pointed out that the elderly care industry in India — currently valued at USD 7 billion (Rs 57,881 crore) — faces critical gaps in infrastructure, research and know-how for managing...

All airport operators to conduct third party audit of structural stability of buildings

by AIP Online Bureau | Jul 22, 2024 | Indian News, Non-Life, Policy, Regulation, Risk Management, Technology

“All the airport operators have also been directed to carry out a thorough evaluation of all civil, electrical and technical aspects of the building, including the design, specifications and workmanship of the roof sheeting structure before the onset of monsoon...

Crop insurance to see growth from 2024 onwards, govt tech push to boost sector: Economic Survey 2023-24

by AIP Online Bureau | Jul 22, 2024 | Eco/Invest/Demography, Indian News, Non-Life, Reinsurance, Technology

“Agriculture premiums will likely rise from 2024 onwards, with an average real premium growth of 2.5 per cent over the medium term, supported by improvements in insurance infrastructure such as mobile applications and remote sensing for crop loss...
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