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Growing role of insurance companies and retail investors in private credit making it vulnerable: BIS report
“The growing role of insurance companies and retail investors, as...
Zolve raises $251 million in its latest equity and debt financing round
The neo bank, which was launched in 2021 and has over 750,000...
Google will notify you if your personal info appears in Search
"Early next year, you'll also be able to opt into alerts if new results appear with personally identifying information, so you can quickly request their removal from Google Search," said the tech giant. Apart from the new tool, the removal requests can also be done...
Time to address mental health issues in the workplace, UN agencies urge
Bullying and psychological violence, also known as “mobbing,” is a key complaint of workplace harassment that has a negative impact on mental health. However, discussing or disclosing mental health remains a taboo in work settings globally With an estimated 12 billion...
Global average annual insured losses from extreme events exceed $120 Billion: Verisk
Verisk estimates that on an annual average basis, catastrophes around the world are expected to cause about $123 billion in insured losses compared to an average of $74 billion in actual losses over the past 10 years “The most significant factor driving increased...
QIC Global aligns core companies to assume Antares name
The well-known and well-regarded Antares brand – the name of QIC Global’s London and Asia-based Lloyd’s business – has been chosen to reflect the international nature of the wider group’s client base and global operations. QIC Global is part of the QIC Group, which is...
EU proposes rules making it easier to sue drone makers, AI systems
Under the draft rules, victims can seek compensation for harm to their life, property, health and privacy due to the fault or omission of a provider, developer or user of AI technology, or for discrimination in a recruitment process using AI Users can sue for...
Stellar cast of panellists unveiled for 18th SIRC
Alvin Tan, Minister of State, Ministry of Trade and Industry and Ministry of Culture, Community and Youth and and Monetary Authority of Singapore Board Member Guest-of-Honour, Alvin Tan, Minister of State, Ministry of Trade and Industry and Ministry of Culture,...
EU scrambles to protect energy infrastructure in response to Nord Stream incidents
Denmark and Sweden on Tuesday said major leaks on the two Nord Stream pipelines in the Baltic Sea were caused by deliberate acts of sabotage carried out in each of the two countries' exclusive economic zones. Neither pipeline was in operation amid an energy standoff...
Losses from Super Typhoon Nanmadol expected to be manageable for Japan Insurers
Secondary perils such as hurricane-induced flooding, storm surges and landslides are not modeled to the same extent as primary perils, and loss creep was an issue for insurers after 2018’s Typhoon Jebi HONG KONG: Given Super Typhoon Nanmadol’s reduced strength upon...
Gas leaks in Russian pipelines to Europe stoke sabotage fears
Sweden's Maritime Authority issued a warning about two leaks in the Nord Stream 1 pipeline, the day after a leak on the nearby Nord Stream 2 pipeline was discovered that prompted Denmark to restrict shipping and impose a small no fly zone STOCKHOLM/COPENHAGEN: Europe...
Crop insurance startup PlanetWatchers raises $11m, provides crop insights regardless of weather and lighting conditions
PlanetWatchers is a world-leading technology company that uses advanced machine learning to support crop insurers and the agricultural industry in verifying cover crops, tillage, planting dates, acreage, crop classification and weather damage at scale London:...