Financial watchdogs are stepping up scrutiny of insurers to monitor...
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Climate vulnerable nations could get insured for $10 mln a year each -research
With rich nations under pressure to fill the pot, researchers from...
1.3 million lives lost every year to cancers caused by tobacco smoking in 7 countries: Lancet study
The higher number of years of life lost to head and neck cancer in...
Top Indian industrialists join hands to fight climate change
Since 1980, nearly 60,000 suicides in India are attributed to warming temperatures, accounting for almost seven percent of the national upward trend in suicide rates.There has been a 150 per cent rise in air pollution-related deaths over the past 20 years and in 2017 alone, India saw 1.2 million deaths due to air pollution.India suffered an economic loss of $37 billion due to climate change in 2018, of which losses due to floods amounted to US $2.8 billion.
Hopeful all countries will come together on AI regulations: Sundar Pichai
Pichai added he is clear-eyed about the risks of technology, but the risk of AI is failing to work on it, because it can affect billions of people
Nothing has been done to save the planet: Climate campaigner Greta Thunberg
“People are more generally aware now. The climate and the environment is a hot topic. But – and it’s a big but: From another perspective, pretty much nothing has been done,” she said.
Repeat of 2003 SARS crisis? China virus outbreak rattles financial markets
While the new virus appears much less dangerous than SARS, the most significant Asia risk could lie ahead as the regional peak travel season takes hold, which could multiply the disease diffusion,” said Stephen Innes, chief Asian strategist for AxiCorp.
IBM calls for rules to curb bias in Artificial Intelligence
The European Union is considering new, legally binding requirements for developers of artificial intelligence to ensure the technology is developed and used in an ethical way. IBM advised a European committee of academics, experts and executives that recommended avoiding unnecessarily prescriptive rules.
EU privacy regulators expected to raise fines under GDPR data protection rules
Regulators in France, Germany and Austria levied the biggest fines so far, while the Netherlands, Germany and the U.K. topped the list for the number of data breaches notified to their authorities, the survey by law firm DLA Piper found. France’s data protection commission, the CNIL, last January slapped Google with a 50 million-euro fine over transparency, information and consent failures.
India’s slowing economy to weigh on re/insurers, says Moody’s
“India’s GDP growth weakened to its slowest rate in five years in the fiscal year ended March 2019, and the resultant financial pressure on rural households amid weaker job creation is in turn also weighing on premium growth,” says Benjamin Serra, a Moody’s Senior Vice President.
Insurers want higher FDI and more tax incentives in the Budget 2020
“Collectively as an industry, we do see a lack of parity in the tax treatment of pension products of life insurance companies and pension products under NPS. Both the products have similar objective of building long term savings for meeting retirement goals, hence, this disparity should be addressed by the government in the Union Budget 2020, agreed Tarun Chugh, MD & CEO, Bajaj Allianz Life
India needs $2.64-trn investment to meet UN’s Sustainable Development Goals
The study identified opportunities for the private sector to contribute to three infrastructure-focused goals between now and 2030 SDG 6: Clean water and sanitation, SDG 7: Affordable and clean energy, and SDG 9: Industry, innovation and infrastructure.
Nearly half billion people currently unemployed or underemployed: UN
And in 2019, more than 630 million people — a fifth of the global working population — lived in so-called working poverty, meaning they made less than USD 3.20 per day in purchasing power.