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AXA XL Insurance appoints Sylvie Gleises as Regional Chief Executive Officer, Asia
Sylvie Gleises as Regional Chief Executive Officer designate), AXA...
WTW launches an AI-driven performance monitoring tool custom-built for insurers
Radar Vision provides unique insights for pricing, portfolio...
TATA Steel Limited wins RIMS ERM global award of distinction
The award recognizes Tata Steel’s outstanding ERM achievements that have enabled the organization to streamline processes, strengthen collaboration across the enterprise and achieve strategic objectives. NEW YORK: RIMS, the risk management society®, presented Tata...
Global economic growth outlook “gloomier”, says IMF ahead of G20 summit
The global economy has weakened particularly due to three key factors -- persistently high and broad-based inflation, the weak growth momentum in China, and Russia's invasion of Ukraine As prices of many food staples touched record highs in 2022 amid supply shortages...
Global debt levels rose ‘substantially’ in 2021 – World Bank’s Malpass
David Malpass, Presidnt,World Bank President IMF and World Bank officials say 25% of emerging market and developing economies are in or near debt distress, and the number rises to 60% for low- and middle-income countries. Climate shocks, interest rate increases and...
Australia to consider banning paying of ransoms to cyber criminals
Asked on ABC television on Sunday whether the government planned to look at outlawing ransom payments to cyber criminals, Australia's Home Affairs Minister Clare O'Neil said "that's correct". "We will do that in the context of … cyber strategy," she said Sydney:...
Hackers release Thales data on dark web, franceinfo says
The company this week said the Russian-speaking extortion and ransomware group had claimed to have stolen some of its data, with plans to publish it on Nov. 7. Data relating to French defence and technology group Thales have been published on the dark web by hacker...
5.4-magnitude quake hits Nepal; tremors in Delhi NCR, Uttarakhand
An IMD official said the quake originated in Nepal at a depth of 10 km with Latitude 29.28 N and Longitude 81.20 E In Uttarakhand, the tremors were felt in places including Pithoragarh, Munsiyari and Gangolihat New Delhi: Tremors were felt in Delhi-NCR and some other...
Russian oil cap doubts spur insurer fears of ships left at sea
If insurance was withdrawn mid-voyage, buyers and traders would have to figure out what to do with a stranded cargo potentially exposed to sanctions, complicating a strategy to deprive Russia of funds over its invasion of Ukraine. Oil-laden tankers risk being left...
Twitter’s hectic overhaul puts world’s regulators on alert
Elon Musk The US Federal Trade Commission (FTC) regulates how Twitter handles user data and has been overseeing the company’s privacy and data security compliance since it put the company under a consent order in 2011, which requires Twitter to submit to independent...
GIFT-IFSC an attractive entry point for India says its chairman Srinivas
Injeti Srinivas,chairman,IFSCA "I think in the next five years, IFSCA will clearly establish itself as a very attractive entry point for India. It will start emerging as an international financial centre for even non-India businesses… In five (years) it will be...
Need high regulatory standard globally to deal with crypto risks: Yellen
Janet Yellen,US Treasury Secretary "We need a high regulatory standard globally, we need to take steps to reduce the cost of cross-border payments and we are very actively working in the context of financial stability with Financial Action Task Force and multilateral...