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Insurers hike rates as extreme storms like Beryl proliferate
Global insurance giant Swiss RE expects the broader sector’s return...
Mutual funds raise Rs 14,370 crore via new fund offers in June
Investment in the mutual fund industry is continuously increasing....
MSMEs vulnerable to cyber threats with growing digitalisation: Officials
There is a need to equip these businesses with knowledge and hands-on training on how to identify and combat these threats, and, become more cyber-resilient, Union MSME ministry’s director SK Sahoo said.
Cyber security remains an “area of serious concern” for the MSMEs, and the vulnerabilities of these businesses stem from several factors such as “lack of understanding of cyber security risks, less prioritisation for safety and limited capital allocation, he said in a workshop here.
China introduces laws to dig deep into private lives of Chinese people, especially students
The sweeping new rules dictate how much time kids can play video games, when and how students can take after-school classes, which entertainers with what type of looks people can watch on TV, and what kind of activities fans can take part in to support their celebrity idols, CNN reported.
Allianz is said planning to offload large U.S. life portfolio
Such deals are attractive to insurers as it helps them manage risk. These insurance blocks have become popular targets for private equity buyers including Apollo Global Management Inc., which set up Athene Holding Ltd., and KKR & Co. as they seek to eke out returns in a low interest-rate environment. American International Group Inc. agreed in July to sell a stake in its life-insurance and retirement-services business to Blackstone, which will also manage some of the unit’s assets. U.S. insurer Prudential Financial Inc. said last week it would sell an annuities subsidiary for $1.5 billion to Carlyle-backed Fortitude Group Holdings LLC.
Govt will mandate flex-fuel engines in vehicles in next 3-4 months: Gadkari
“I am going to issue an order in the next three to four months, in which carmakers – from BMW, Mercedes to TATA and Mahindra – will be asked to make flex engines,” he said.
Gadkari said he has asked Bajaj and TVS companies to introduce flex engines in their vehicles, and also instructed them not to approach him until and unless they do so.
European insurers to boost ESG investments on Solvency II Reform
The Commission estimates that the risk-margin reduction could release up to EUR90 billion of capital and that the lower charges for long-term equities could release about EUR10 billion
Digital cos’ data hegemony may lead to ‘attention economy’, says CCI chief
While noting that rapid changes are happening in markets, which are increasingly shifting towards a digital platform-centric configuration,Competition Commission chief Ashok Kumar Gupta also pointed out that these platform markets are by their very nature “winner-takes-all or winner-takes-most”.
“Network effects, access to large amounts of data, economies of scale and scope, induced behavioural biases among consumers etc., in digital markets, may heighten market concentration and result in the creation of impermeable entry barriers,” Gupta said.
IMF’s Georgieva accuses former World Bank president Kim’s office of manipulation
She also accused the office of the bank’s past president, Jim Kong Kim, of manipulation, saying his office had proposed including Hong Kong data in China’s ranking in the World Bank’s Doing Business 2018 report to boost China’s standing. 7
Global Covid-19 caseload tops 231.1 mn, deaths surge to more than 4.73 mn
The US continues to be the worst-hit country with the world’s highest number of cases and deaths at 42,852,711 and 687,078, respectively, according to the CSSE.
In terms of infections, India follows in the second place with 33,594,803 cases.
65% of users still re-use passwords across accounts: Report
“Strong cybersecurity habits are more important than ever this year, given the sheer volume of time individuals have spent online in the last 18 months and the corresponding spike in cyber-attacks,” the company said in a statement.
Most data breaches — a staggering 85 per cent — involved a human element through phishing or human error, according to the 2021 Data Breach Investigations Report and the need for password security remains critical as attacks rise.
Vanuatu to push international court for climate change opinion
Vanuatu, with a population of some 280,000 people spread across roughly 80 islands, is among more than a dozen Pacific island nations facing rising sea levels and more regular storms that can wipe out much of their economies.
“In response to the catastrophic levels of climate change loss and damage faced by this small Pacific nation, Vanuatu recognises that current levels of action and support for vulnerable developing countries within multilateral mechanisms are insufficient,” the government said in a statement on Saturday.