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Cyber security and IT services provider Intersys sets up India operations
Led by Tanmay Gore, director of Intersys India, located in Mumbai,...
July 1 reinsurance renewals confirm downward pricing pressure: Fitch
Pricing across most reinsurance lines continued to gradually fall,...
Jharkhand’s 226 of 260 blocks drought-hit; advance relief of Rs 3,500 paid to each affected farmer
“The state government will provide an advance relief of Rs 3,500 to every affected farmer family in the blocks. The initiative will cost about Rs 1,200 crore to the state exchequer,” Jharkand's Chief Minister Hemant Soren tweeted “The disaster management department...
Heat waves due to climate change have cost world economy trillions so far
The study is among the first to specifically examine how heat waves affect economic output, said senior author Justin Mankin, an assistant professor of geography at Dartmouth It has discovered that from 1992 to 2013, heat waves statistically correlated with changes in...
Bengaluru-bound IndiGo plane engine flight catches fire, emergency declared at Delhi airport
The Bengaluru-bound A320 aircraft, which had 184 people on board, later returned to the bay. The people were safely deboarded, the sources said New Delhi: An IndiGo plane declared emergency at the Delhi airport on Friday after one of its engines caught fire at the...
Odisha to prepare disaster management warriors to face calamities: Patnaik
Naveen Patnaik,Chief Minister,Odisha For better impact-based forecasting, the government will set up a telemetric rain gauge in all gram panchayats, the automatic weather stations at block headquarters, and sensors in our river systems. These steps will help us to get...
47 dead, dozens feared missing as storm lashes Philippines
About 20 typhoons and storms batter the Philippine archipelago each year. It is located on the Pacific "Ring of Fire," a region along most of the Pacific Ocean rim where many volcanic eruptions and earthquakes occur, making the nation one of the world's most...
Ransomware remains a top cyber risk for businesses globally, but new threats emerging: Allianz report
Ransomware is forecast to cause $30bn in damages to organizations globally by 2023 Around the world, the frequency of ransomware attacks remains high, as do related claims costs. There was a record 623 million attacks in 2021, double that of 2020 Although frequency...
EU approves effective ban on new fossil fuel cars from 2035
"This deal is good news for car drivers… new zero-emission cars will become cheaper, making them more affordable and more accessible to everyone," Parliament's lead negotiator Jan Huitema said BRUSSELS: The European Union struck a deal on Thursday on a law to...
Swiss Re plunges into losses of $442 million in Q3 2022
Swiss Re's Group Chief Executive Officer Christian Mumenthaler said: "The first nine months of this year were marked by a confluence of events affecting Swiss Re's financial performance: from turbulence in the financial markets, to an increase in natural catastrophe...
Cyber insurance remained challenging in Asia, average rate rises by 25% or more: Marsh
“The global business environment remains tough for clients. Ongoing inflation and geopolitical instability are affecting all sectors and we expect even more challenging conditions in the already strained property catastrophe market following Hurricane Ian,” commented...
APAC reinsurers face single digit growth rate, declining investment income, higher claims: S&P Global Ratings
"We expect most of the rated regional reinsurers to revise asset allocations amid rate hikes in certain countries, capital market volatility, and inflationary pressures on hedging costs. Regional reinsurers continue to have relatively higher allocation to risky assets...