James Shea, CEO of Sompo P&C, said “Strategic acquisitions have...
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Liberty Mutual Reinsurance and Safehub launch parametric earthquake insurance solution
ShakeNet Parametric reduces basis risk for parametric...
Kazakhstan presses on with $4.4 billion fine against global oil majors for ecological violations
Kazakhstan's government originally fined NCOC 2.3 trillion tenge -...
Irdai effects a mini reshuffle of its sr officials, 2 members to retire soon
Though as early as July, the government had advertised for two posts of members- `Finance and Investment’ and `Actuary’ at the Irdai, no body has been selected for these posts as yet Hyderabad: Even as the government is yet to make any new appointments to...
‘China slows, India grows’: S&P pegs 7% GDP growth for India by 2026
In a report titled 'China Slows India Grows', S&P said it expects Asia-Pacific's growth engine to shift from China to South and Southeast Asia. New Delhi: India's GDP growth rate will rise to 7 per cent by 2026 compared to 4.6 per cent for China, S&P Global...
Mcap of BSE-listed firms hits record high of USD 4-trn club
While the BSE benchmark Sensex has rallied 5,333.46 points, or 8.76 per cent, so far this year, the market capitalisation (mcap) of all listed firms at its platform has jumped Rs 48.67 lakh crore Mumbai: For the first time, the combined market capitalisation of...
Cybersecurity, customer protection essential for digital payments momentum: RBI paper
The authors further said despite the traction observed in digital payments, cash persists due to a strong inclination of the populace to transact and save in cash Mumbai: Cybersecurity, customer protection, and cost-effectiveness are essential for sustaining the...
Allianz and Dutch development bank back $1.1 bln sustainable loans fund
The fund will co-invest in a portfolio of about 100 loans targeting the energy, financial and agribusiness sectors to help developing countries meet three SDGs – boosting economic growth, equality, and fighting climate change Allianz Global Investors and Dutch...
US warns of evolving threats to ships sailing in Red Sea
Most insurers already charge extra premiums for sailing through those waters and those charges could increase further if the attacks continue, according to Munro Anderson, head of operations at Vessel Protect, a specialist marine war risks underwriter A spate of...
US, Britain, other countries ink agreement to make AI ‘secure by design’
The agreement is non-binding and carries mostly general recommendations such as monitoring AI systems for abuse, protecting data from tampering and vetting software suppliers The United States, Britain and more than a dozen other countries on Sunday unveiled what a...
Govt disconnects 70 lakh mobile involved in financial frauds: DFS Secretary
Vivek Joshi, Secretary, Department of Financial Services About Rs 900 crore of defrauded money has been saved, benefitting 3.5 lakh victims, an official statement said New Delhi: To check digital frauds, the government has disconnected 70 lakh mobile numbers so far...
Rising heat stress poses grave occupational health risk for workers in Tamil Nadu Study
The workers reported symptoms of heat strain, dehydration, and urinary tract infection symptoms, likely due to excessive sweating, lack of toilet access and limited water consumption during their shifts. Of particular concern is the impact of heat stress on kidney...
Automobile retail sales soar to record high in festive season this year: FADA
''Record-breaking sales were reported in several categories, with rural areas particularly contributing to the surge in two-wheeler purchases,'' Federation of Automobile Dealers Associations (FADA) President Manish Raj Singhania said New Delhi: Driven by robust...