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Zimbabwe receives $31.8 mln drought insurance from African Risk Capacity
The money from African Risk Capacity is expected to benefit 509,000...
Insurers fret over militant attacks, AI hacks at Paris Olympics
German insurer Allianz is insurance partner for the Games. Other...
U.N. chief names Michael Bloomberg climate envoy to rally action
The media mogul will support Guterres in “growing and strengthening” a coalition of governments, companies, cities and businesses committing to net-zero emissions by 2050 in line with the goals of the 2015 global climate deal struck in Paris, the United Nations said.
Brazil’s Eletrobras says nuclear unit hit with cyberattack
The network that was attacked by ransomware is not related to the operational systems of nuclear energy plants Angra 1 and Angra 2, said Centrais Eletricas Brasileiras, as Eletrobras is formally known.
Subsidiary Eletronuclear has suspended use of some of its administrative software to protect its data, the company said in the filing.
Asian commercial insurance pricing up 11% in 4th Quarter:Marsh
Asian clients with large CAT exposures and those requiring international capacity continued to experience double-digit pricing increases.. Casualty pricing remained generally flat, as it has for three years.
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Stone Point Capital and Insight Partners to acquire CoreLogic for $6 billion
Chuck Davis, CEO of Stone Point Capital, said, “CoreLogic is a mission critical vendor and data provider across industry sectors in which Stone Point has specialized over the past 20 years, including mortgage, residential real estate and P&C insurance. CoreLogic’s proprietary data assets are increasingly important to its customers, and we look forward to leveraging our network within the broader financial services industry to support the company’s next phase of growth.”
Insurers play waiting game amid push for post-Brexit Solvency II equivalence
Under Solvency II equivalence, the EU would recognize a non-EU country’s solvency regime as producing comparable outcomes to its own, meaning less regulatory scrutiny. The Solvency II directive extends equivalence in three areas: reinsurance, solvency calculation and group supervision.
Govt blocked 296 mobile apps since 2014, says Union minister Sanjay Dhotre
He said several reports had been received about some of these apps being misused for ”… for stealing and transmitting user data such as financial data, permission for accessing of all possible data available in device, etc and real-time activity surreptitiously to servers located outside India”.
India’s COVID positivity rate dips to 5.42 pc: Health ministry
New Delhi: India's cumulative COVID-19 positivity rate has declined to 5.42 per cent while the weekly positivity rate (last week) was recorded at 1.82 per cent, the Union Health Ministry said on Thursday. Eight states and union territories, which have a weekly...
IIT Mandi-led team develops AI app to track home quarantined COVID patients
The mobile application, dubbed LakshmanRekha, uses a combination of biometric verification, geofencing and AI so that no patient can breach the assigned quarantine space.
Geofencing technology uses GPS signals to determine when a person enters a certain boundary.
PF taxation: Rs 62,500 cr accumulated in EPF accounts of 1.23 lakh HNIs for FY19
The Budget 2021-22 has removed the tax exemption status to interest accrued on investments in employees provident fund (EPF) exceeding Rs 2.50 lakh per annum.
The sources in the revenue department said there are a total 4.5 crore contributors in the Employees’ Provident Fund Organisation (EPFO) account. Out of these, more than 1.23 lakh accounts are of the HNIs who contribute monthly huge sums to their EPF accounts.
21.5% of population showed evidence of past exposure to COVID in latest national serosurvey: Govt
Urban slums (31.7 per cent) and urban non-slums (26.2 per cent) had a higher SARS-CoV-2 prevalence than that in rural areas (19.1 per cent), Bhargava said, adding that 23.4 per cent of individuals above 60 years of age had suffered from COVID-19.