The proposed break-up floated in a 23-page document filed late...
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Emerging-risk resilience: Majority of APAC risk leaders concerned about their organisations in the next decade
Geopolitical issues, natural catastrophe events, climate transition...
Trebling of “nuclear” court verdicts challenges companies and liability insurers: Allianz
Recent years have also seen a growing list of pharma, food, and...
Indian Insurtech sector attracted $ 2.5 bn funding, more investment to flow: Report
(Lto R) Vivek Mandhata, managing director & partner, Boston Consulting Group (BCG) and Arvind Virmani, member, NITI Aayog releasing a report on Indian Insurtech Sector on Wednesday in Mumbai According to report, released by Arvind Virmani, member, NITI Aayog at...
Facebook users affected by data breach eligible for compensation, German court says
Thousands of Facebook users in Germany are demanding compensation from parent company Meta for insufficient protection of their data after unknown third parties were able to access user accounts by guessing phone numbers A German court said on Monday that Facebook...
Life insurance drives global premium growth as interest rates remain higher for longer, says Swiss Re
Insurance premium growth forecast in real terms TotalNon-lifeLife 2024F2025– 2026F2024F2025–2026F2024F2025–2026FWorld 4.6%2.6%4.3%2.3%5.0%3.0%Advanced markets All4.1%2.0%4.3%1.9%4.0%2.0%North...
Soil degradation on 30 pc of India’s land poses threat to agriculture: Union Agri minister
"We are producing more than 330 million foodgrains annually and exporting worth USD 50 billion. This success however comes with concerns, especially regarding soil health," Union Agriculture Minister Shivraj Singh Chouhan New Delhi: Agriculture Minister Shivraj Singh...
Centre issues advisory on air pollution
Air quality has worsened in several cities, including Mumbai, Delhi, and regions in northern India, reaching severe levels. The deteriorating air quality has raised concerns over various health risks. The advisory also highlights the heightened risk of air pollution...
Meta fined €798 million by EU over abusing classified ads dominance
“Meta tied its online classified ads service Facebook Marketplace to its personal social network Facebook and imposed unfair trading conditions on other online classified ads service providers,” EU antitrust chief, Margrethe Vestager, said. “It did so to benefit its...
CCI restricts WhatsApp sharing data with other Meta entities, imposes $25.4 mln fine
"Sharing of user data collected on WhatsApp with other Meta companies… for purposes other than for providing WhatsApp service shall not be made a condition for users to access WhatsApp Service in India," the CCI said After the CCI’s decision, a Meta spokesperson...
GST Council to meet in Jaisalmer on December 21; may discuss insurance levy
The group of ministers (GoM) on health and life insurance GST last month met and broadly agreed on exempting insurance premiums paid for term life insurance policies, and senior citizens' health insurance from GST New Delhi: The GST Council will meet on December 21 in...
Cyber Insurance: Largest potential lies in the SME opportunity, says Swiss Re
Dani Tobler.Head Cyber Reinsurance at Swiss Re "North America dominates with 70% premium share followed by Europe (19%) and APAC (8%) according to Swiss Re data. This not only illustrates the varying cyber market maturity levels around the globe but also underpins the...
8th Bima Manthan: IRDAI and Insurers brainstorm implementation of IFRS and Cyber security measures
In an era where digital transformation is reshaping industries, cybersecurity has emerged as a paramount concern, with an alarming rise in cyber threats. There was dialogue on urgency of strengthening Information Systems (IS) security, which emerged as a critical...