The global market for parametric insurance is expected to reach...
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EU banks told to review clients in historic ESG crackdown
Global banking and financial stability organizations are all...
India’s pension system improves from 2022: Report
''Changes in workforce dynamics, employment and family patterns...
What is taking the shine off gold in India?
There are longer-term issues to worry about, though. About two-thirds of the country’s gold is bought in rural areas, where its traditional roles as investment and adornment are oddly intertwined. Rural Indians are far more inclined to buy gold jewelry than their urban counterparts, and tend to favor plain pieces that can easily be valued and traded in if money gets tight
Global insurers face quiet strain from hacker ransom demands
Cyber experts say the criminals launching ransomware against companies are organised gangs in Russia and eastern Europe, or hackers sponsored by foreign governments. Insurers sometimes have restrictions in their policies to avoid covering attacks by nations, but it can be difficult to know for sure what type of criminal is launching an attack.
$4.36 bn deployed in InsurTech cos across 239 transactions in first 3 qtrs
Dr Andrew Johnston, Global Head of InsurTech at Willis Re, says: “The continuing rise in InsurTech investment acknowledges the enormous role technology has to play in our industry, but we need to avoid becoming a sector jaded and frustrated by it. Today’s InsurTech is as much about hype and entrepreneurial culture as it is about appropriate technology for the (re)insurance industry.
Govt mulls personal I-T relief while scrapping some exemptions: Report
Prime Minister Narendra Modi’s government is mulling a proposal to hike the taxable income limits, especially the 1 million rupee slab, which attracts a 30% rate at present, the people said, asking not to be identified as the discussions are private. The move will be accompanied by scrapping some tax breaks, including the one offered on house rent payments and interest earned on some bank deposits.
India needs fresh reforms to be in top 50 nations with ease of doing business: World Bank official
India has declared itself that it is open for business, but the international community is looking after many many years of languishing interest in improving the business environment.
Aviation security regulator to soon issue norms on countering rogue drones
New Delhi: Aviation security regulator BCAS will issue anti-drone regulations within a week to counter any rogue drones in the country, a senior official said on Tuesday. Deputy Director General in the Bureau of Civil Aviation Security (BCAS) Maheshwar...
Half the world’s banks are too weak to survive a downturn: McKinsey
A majority of banks globally may not be economically viable because their returns on equity aren’t keeping pace with costs, McKinsey said in its annual review of the industry released Monday
Few Hong Kong firms have riot insurance so they’ll be paying for protest damages
Hong Kong is a lucrative market for global insurers including American International Group Inc., AXA SA and Zurich Insurance Group AG, with the value of premiums as a percentage of gross domestic product at 18.16%, second only to Taiwan in the Asia-Pacific region.
Number of ‘unicorn’ startups in China exceeds US number for first time
“China and the US dominate with over 80 percent of the world’s known unicorns, despite representing only half of the world’s GDP and a quarter of the world’s population,” Hurun Report chairman Rupert Hoogewerf said.
Many countries have cautioned on rushing into crypto currencies, says Sitharaman
“Some of them (countries) of course even suggested that they shouldn’t be using, all of us shouldn’t be using the name stable currency because that’s the expression they used. Many cautioned to the extent saying even the name should not be stable currency, it should relate to virtual currency or something of the kind,” she said.