Christopher Au, Head of APAC Climate Risk Centre, at Willis, said:...
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Managing Customers: Banks and insurers deploy AI agents to fight fraud and process applications
-Three in five banks and insurers cite customer onboarding among...
IRDAI closely monitoring health insurance claims gaps, says Chairman Seth
Ajay Seth, chairman,IRDAI `While the number of health insurance...
WTW announces market first facility for cargo and war-on-land risks in Ukraine
Sam Warnes, Director Marine Cargo commented, “This facility complements our other cargo war offerings such as our Black Sea Grain facility and $300m facility offering cover in the Red Sea and other high risk war areas.” London: WTW, a leading global advisory, broking...
Sebi detects accounting frauds in IPOs of cos
The findings underscore the vulnerability of millions of traders to the risks of price manipulation in this segment due to fewer compliance requirements. They also highlight the limitation of regulatory warnings aimed at curbing enthusiasm for tiny IPOs in India,...
Catastrophe models underestimate climate risks, find out investors
Catastrophe bonds and other insurance-linked securities, which powered last year’s highest-returning hedge fund strategy, are built on calculations that can underestimate a new breed of risk stemming from high-frequency events such as wildfires and thunderstorms,...
Russia certifier steps in after India drops safety cover for sanctioned ships
Major insurers and ship engine makers have already withdrawn cover for Russia’s tanker fleet, which Moscow is relying on to maintain the country’s oil trade after Washington and its allies including the European Union imposed a raft of sanctions for its invasion of...
South Africa’s Ramaphosa to sign health insurance bill into law just before electio
The law aims to provide healthcare to millions of poor citizens in a major overhaul of a two-tier system, which still reflects deep racial and social inequalities three decades after the end of white minority rule. Johannesburg: South Africa's President Cyril...
Mumbai hoarding collapse: 8 dead, 64 injured, Case of culpable homicide to be lodged
"There will be an investigation regarding what kind of permission they have for this hoarding, whether they had this permission or not. The CM has directed that a proper audit of all the hoardings in Mumbai be done by the BMC to mitigate such incidents in the future....
Forest fires in Uttarakhand threaten rare Himalayan fauna say experts
"We have several rare species of birds whose breeding season coincides with the forest fire season, from April to June. Frequent and uncontrolled forest fires are gradually making these species highly endangered in Uttarakhand forests," Sanjeev Chaturvedi, chief...
Zoox, Amazon’s self-driving robotaxi unit, being probed by US after rear-end collisions
Both crashes happened during the daytime hours and the motorcyclists suffered minor injuries. In both cases, the agency confirmed that each of the Amazon vehicles was operating in autonomous mode leading up to the crashes Detroit: Zoox, Amazon's self-driving robotaxi...
Government mandates anti-fake review rules for e-commerce platforms
Nidhi Khare, Secretary, Consumer Affairs Ministry The government issued the new quality norms for e-tailers a year ago, prohibiting them from publishing paid reviews and demanding disclosure of such promotional content. But fake reviews of products and services on...
Climate change: Hardly a burning issue for Indian voters
A detailed review of the election manifestos revealed that, except for the regional party Dravida Munnetra Kazhagam (DMK), none of the major political parties in India have concrete grassroots-level plans to mitigate the impact of climate change In Europe, green...