The Investor-State Dispute Settlement (ISDS) mechanism is aimed at...
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ESG Review-Course-correction underway among financial firms
The upshot is a broad-based retreat from the environmental and...
Sebi categorises entities on size risk level basis under cybersecurity cyber resilience framework
The Capital market regulator said that entities are grouped into...
IRDAI fine-tuning Bima Sugam plans, revamping claim settlement process and ombudsman network: Chairman
(Lto R) SN Rajeswari, member(Distribution), IRDAI, Debasish Panda, chairman,IRDAI, Sumit Bohra, president,Insurance Brokers Association at the Annual Brokers' Meet in Mumbai on Friday "We are working to make the platform and the product as glitch-free as possible,"...
How Europe is leading the world in the push to regulate AI
The measure, first proposed in 2021, will govern any product or service that uses an artificial intelligence system. The act will classify AI systems according to four levels of risk, from minimal to unacceptable. Riskier applications, such as for hiring or tech...
India to remain among fastest growing large economies in 2023: RBI Governor
Shaktikanta Das,Governor,Reserve Bank of India RBI Governor made the remarks at the opening plenary address of Summer Meetings organised by Central Banking, London, UK today. "…India's growth in the last few years is mainly driven by robust domestic demand, especially...
SAT stays Irdai order transferring Sahara’s Life Insurance biz to SBI Life
"The fact that the earlier direction of the respondent (Irdai) in transferring the business to ICICI Prudential Life Insurance Company was set aside in 2018 and since then no steps had been taken to transfer the policies, we find it strange that such steps have been...
EU regulators may demand Google to sell part of ad-tech business – source
The EU’s top antitrust watchdog, the European Commission, could issue a formal complaint against Google as early as Wednesday, the source said, further intensifying trans-Atlantic efforts to diminish the tech giant’s dominance in digital ads European Union antitrust...
IRDAI appoints Zuno General Insurance as Goa’s lead insurer
Motor insurance dominates the market, accounting for approximately 77% of the state's Gross Written Premium (GWP), followed by fire and property insurance at 14%, and marine cargo and hull insurance at 3.5% Mumbai: Zuno General Insurance (Formerly Edelweiss General...
California insurers’ inability to price risk is causing headaches
State regulations ask wildfire insurers to set rates for annual catastrophic coverage as a fraction of damages accrued over 20 years — without mention of models that can capture the accelerated rate of land use change and development, weather and wind trends or the...
IRDA gives license to Go Digit Life, 4th new insurer in a year
Prem Watsa, founder, chairman, and chief executive of Fairfax Financial Holdings IRDAI in its 122nd board meeting held on 2nd June, has granted Certificate of Registration to Go Digit Life Insurance Limited to carry life insurance business in India, said the IRDAI on...
RBI not planning to regulate social media influencers
Social media influencers peddle personal views or those paying them on financial markets or stocks. Since January 2022, SEBI has been saying it would come out with regulations to tame the so-called financial influencers, it has not yet issued anything but has been...
RBI holds rates but signals tight monetary policy ahead
Shaktikanta Das, Governor, RBI The RBI maintained its policy stance of "withdrawal of accommodation" to ensure inflation progressively aligns with the committee's target while remaining supportive of growth, Governor Shaktikanta Das said while announcing the MPC's...