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Water Security: Billions remain without water access
Today, over two billion people still lack access to safe drinking...
Class Action Suits: 2 separate cases to provide level a playing field for India’s minority investors
Following the insertion in 2016 of a class-action provision in the...
Robots can be risky,Allianz
AI-based applications will increase vulnerability of businesses to cyber-attacks and technical failure, leading to larger-scale disruption and loss scenarios
•Companies face liability challenges as responsibility shifts from human to machine and manufacturer. New framework needed to manage rise in AI-generated damages
•Risk management can help maximize the net benefits of AI. Five areas are crucial for identifying threats: software accessibility, safety, accountability, liability and ethics
• Insurance industry is an early adopter of AI applications to automate repetitive processes, boost risk analysis and improve customer interaction
India most vulnerable country to climate change: HSBC report
The bank assessed 67 developed, emerging and frontier markets on vulnerability to the physical impacts of climate change, sensitivity to extreme weather events, exposure to energy transition risks and ability to respond to climate change.
Warming climate will displace millions in coming decades: World Bank
By 2050, 86 million “climate migrants” will be displaced in Sub-Saharan Africa, 40 million in South Asia and 17 million in Latin America — 143 million in all — according to the report, which the bank said was the first to address the question of migration spurred by climate change.
Climate change heightens key risks for P&C insurance, reinsurance sectors: Moody’s
“The effects of climate change on the frequency and severity of catastrophic events are difficult to predict, and the correlation of climate-exposed risks that span P&C (re)insurers’ balance sheets increases the magnitude of potential losses arising from the physical and transition risks associated with climate change,” James Eck, a Moody’s Vice President says
Finland tops 2018 global happiness index
“The U.S. is in the midst of a complex and worsening public health crisis, involving epidemics of obesity, opioid addiction, and major depressive disorder that are all remarkable by global standards,” the report said.
Foreign investors’ bearish stance continues in March; outflow at Rs 60 bn
“FPI outflows from Indian markets are a result of growing demand for the US dollar, coming from the expectation of an increase in the Federal rate. FPI may also be pulling funds from India to invest in other growing economies,” Harsh Jain, co-founder and COO at Groww said.
Health savings to outweigh costs of limiting global warming in India, China
Depending on the strategy used to mitigate climate change, estimates suggest that thehealth savings from reduced air pollution could be between 1.4-2.5 times greater than the costs of climate change mitigation, globally.Health costs from air pollution include medical treatment, patient care, and lost productivity.
Global cybercrime costs $600 bn annually: study
A report by the security firm McAfee with the Center for Strategic and International Studies found theft of intellectual property represents about one-fourth of the cost of cybercrime in 2017, and that other attacks such as those involving ransomware are growing at a fast pace
“Credit and political risk insurance market capacity up by 30 pc since 2015”
Since the global financial crisis (2007-2017), the market as a whole has experienced 438· claims made by banks and financial institutions, with 422 paid in full to the value of US$2.57bn. The largest values of claims handled by BPL Global have been on contracts covering Ukraine· (US$509bn), Russia (US$195bn) and Brazil (US$187bn), says the report.
Policy to scrap 15 yrs old vehicles almost finalised: Gadkari
As per an earlier proposal, a relief of about Rs 5 lakh was to be provided to people who purchase a new commercial vehicle of about Rs 15 lakh, if they surrender their over 15-year old commercial vehicles.