The exponential growth of rooftop solar systems means millions more...
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Aon and EBRD launch innovative war risk insurance facility for Ukraine
Under the new €110 million Ukraine Recovery and Reconstruction...
China to expand private pension scheme nationwide from Dec 15
Those covered by public pension insurance will be allowed to open...
4 Indians from Mumbai among 22 people on board missing plane in Nepal’s mountains
'Tara Air flight 9NAET that took off from Pokhara at 9.55 AM today with 22 people on board, including 4 Indians, has gone missing. A search and rescue operation is on. The embassy is in touch with their family. Our emergency hotline number:+977-9851107021,'' the...
Elon Musk highest-paid CEO, followed by Apple’s Tim Cook, Fortune report
In 2021, Musk "realised" compensation worth almost $23.5 billion, from exercising some Tesla stock options awarded in a 2018 multiyear "moonshot" grant After Musk, the 10 most highly compensated Fortune 500 CEOs of 2021 are all tech and biotech CEOs, including the...
III and Thailand Insurance Institute sign MOU for nurturing professionals
Both the institutions look forward to working together in the area of risk management and insurance learning, development of course material, certification/ accreditation through conduct of examinations and spreading insurance awareness through capacity building as...
DXC Technology, Lloyd’s and IUA extend contract to support transformation of London Insurance Market
`` With the Future at Lloyd's transformation, we will transition to a single platform that will provide automated processing and accounting for the market, leading to a substantial reduction in operating costs, and providing customers with a much faster, better...
Losses from Sri Lanka’s riots manageable for insurers: Fitch
``We believe gross losses from the riots are likely to exceed LKR1 billion. However, NITF’s net loss will be limited to this amount due to the protection provided by its excess of loss reinsurance cover. We expect NITF to have sufficient liquid assets to meet its...
Increased ransomware attacks and global threats tempering executive confidence in cyber preparedness: survey
According to the survey by Marsh and Microsoft, leadership confidence in their organization’s core cyber risk management capabilities – including the ability to understand/assess cyber threats, mitigate/prevent cyber attacks, and manage/respond to cyber attacks – is...
World not spending enough to avert disasters as global calamities rise: UN
Developing nations bear the brunt of losses from disasters at 1% of gross domestic product a year, threatening to undo their hard-earned economic gains. That figure comes down to just 0.1%-0.3% for developed countries UN News: Nations are spending too little to...
Supecyclones may have much more devastating impact in India in future: Study
The study, published in the journal Climate Resilience and Sustainability, showed that if greenhouse gas emissions continue at the current rate, more than two and a half times (250 percent) of India's population would experience flooding of greater than one meter,...
Elon Musk sued by Twitter investors for delayed disclosure of stake
Billionaire Elon Musk "By delaying his disclosure of his stake in Twitter, Musk engaged in market manipulation and bought Twitter stock at an artificially low price," said the investors, led by Virginia resident William Heresniak Billionaire Elon Musk was sued by...
UK’s Sunak extends one-off $46.6 bn y to ease a cost-of-living crisis for public
British finance minister Rishi Sunak A new, one-off GBP 650 payment will be offered to more than 8 million low-income households on Universal Credit, Tax Credits, Pension Credit and other benefits, with separate one-off payments of GBP 300 to pensioner households and...