Hitesh Kotak, CEO, Asia, Munich Re, said: "Pandemic risk remains...
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Chouhan asks officials to draw up strategy on drought, cyclones, erratic rain
Shivraj Singh Chouhan,Agriculture Minister "Formulate a concrete...
Pilots body seeks immediate safety review of commercial helicopter operators in Uttarakhand
Urging the ministry to audit helipads and passenger movement...
Govt clears sale of IDBI Bank to Prem Watsa’s Fairfax Financial for Rs 52,878 cr
Currently, the Centre holds 45.48 per cent while holds 49.24 per cent in IDBI Bank Post Fairfax tarnsaction,the Centre will hold 15 per cent while LIC will have a stake of 19 per cent. The government has also authorised the sale of the government's remaining 15 per...
Four Nations Insurance Alliance: Tackling rising risks of economic resilience
Insurance bodies representing Australia, the United Kingdom, Canada and New Zealand announced the formation of the Four Nations Insurance Alliance.The partnership has been established in response to common problems that have been growing across the four economies,...
AI becomes experts’ top concern, ahead of climate change:AXA Future Risks Report
Thomas Buberl, chief executive officer,AXA, said,``In a world where risks are evolving faster, multiplying and becoming increasingly interconnected, insurance is an essential factor of stability. This edition of the AXA Future Risks Report shows that, while artificial...
World Bank and Generali partner to advance insurance, resilience and investment solutions in emerging markets
LtoR: Andrea Sironi, chairman of Generali Group,Ajay Banga, President,World Bank Group,at an event in Bangkok to sign MoU between World Bank and Generali to mobilise private capital, strengthen resilience and expand targeted insurance and investment solutions across...
Surging Iranian attacks on ships crossing the Hormuz, threatens recovery in Persian Gulf oil exports
Ministers of OPEC and non-OPEC Participating Countries in the Declaration of Cooperation said shipping and insurance costs have surged to unprecedented levels of over one-third of the commodity value, impeding efficient movement of crude oil and products. Iranian...
CyberCube and Blackpanda Partner to enhance Cyber Risk Analytics for brokers across Asia
Cyber risk models used across Asia have typically been benchmarked against a single global average. Under the new collaboration, Broking Manager, CyberCube's cyber-risk analytics platform for brokers used across 40 countries, now adds an APAC regional view to...
Payment Habits: 3 in 4 urban Indians use their payment app for more than payments
More than half (52%) of consumers, who were surveyed, say they would prefer a single app for payments, investments, insurance and credit.At the consumer level, the impact shortfall is rooted in trust, according to the How Urban India Pays report 2026, released by...
IMF raises 2026 global growth forecast to 3.1%, Warns of AI risks
Kristalina Georgieva, managing director ,International Monetary Fund. Growth is increasingly concentrated, with 32 countries accounting for 95 percent of global growth, the report said. That compares with 54 countries as of April. “The global economy is not simply...
Hackers heat French supermarket fridges, sparking fires and spoiling food
There was no immediate estimate of industry-wide losses, but Intermarche CEO Thierry Cotillard told BFM TV the "unprecedented" attack would represent losses amounting to "tens of millions of euros nationwide in a single day." PARIS: Hackers raised the temperature of...
Merchant Discount Rate on UPI transactions deferred, no new date announced
"UPI and Services Steering Committee today decided that, keeping in mind the festive season, Merchant Discount Rate (MDR) on select Person-to-Merchant (P2M) UPI transactions shall be implemented immediately post Diwali on a date to be notified separately," NPCI said...