A senior Indian bureaucrat told reporters that sanctioned vessels...
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Moody’s to acquire CAPE Analytics, adds AI-powered geospatial property risk intelligence to its insurance risk models
“By combining our CAT risk models with CAPE’s AI-powered property...
Miller continues Asia expansion, enters Korean market
Ron Whyte, Head of Asia at Miller, commented: “Today’s announcement...
Scientists update forecasts on extreme weather and climate change
“It’s not so much that climate change itself is proceeding faster than expected — the warming is right in line with model predictions from decades ago,” said climate scientist Michael Mann of Pennsylvania State University. “Rather, it’s the fact that some of the impacts are greater than scientists predicted.”
That suggests that climate modeling may have been underestimating the “the potential for the dramatic rise in persistent weather extremes,” Mann said.
Virus variant and disasters strike strain global supply chains
Events have conspired to drive global supply chains towards breaking point, threatening the fragile flow of raw materials, parts and consumer goods, according to companies, economists and shipping specialists.
The Delta variant of the coronavirus has devastated parts of Asia and prompted many nations to cut off land access for sailors. That’s left captains unable to rotate weary crews and about 100,000 seafarers stranded at sea beyond their stints in a flashback to 2020 and the height of lockdowns.
Global insurance recovery will be faster, stronger than in 2008: Swiss Re
Writing new policies was more difficult in 2009 and 2010 when insurers were reeling from capital losses, slow economic growth and depleted incomes of companies and individuals.
In contrast, businesses and individuals now have more money from government stimulus and support programs, and are more conscious of the need to buy protection against risks, he added.
Companies struggling to manage reporting on climate risks, says report
”Companies based in India presented 28 per cent on quality disclosure and 49 per cent coverage. Only 3 per cent of global companies reviewed meet the highest levels of quality and the average quality score is 42 per cent,” EY said in a release on Sunday.
Among others, the number of Indian companies responding to disclosure platforms such as carbon disclosure project is on the rise. In the coming year, greater Task Force on Climate-related Financial Disclosures reporting is expected, driven by pressure from financiers, investors and customers, it added.
China braces for Typhoon In-fa,Shanghai cancels flights
Hundreds of flights at Shanghai Pudong and Shanghai Hongqiao airports were cancelled and more were expected to be cancelled on Monday, state TV reported on its website. Shanghai closed parks and the riverfront Bund district, a popular tourist area.
Climate action must happen ‘for our people, not to them’, cities say
Cities have been at the forefront of government climate action over the last decade, with many declaring net-zero emissions goals long before countries or businesses followed suit. Today more than 750 global cities have pledged to reach net-zero emissions by mid-century, said David Miller, director of international diplomacy for C40.
Olympics linked Covid cases go past 100, organisers announce 19 new cases
The total number of cases directly linked to the Games stood at 106 on Friday with 11 of them athletes.
The Tokyo Olympic organisers, in their daily COVID-19 update, announced that three athletes, 10 Games-concerned personnel, three mediapersons and as many contractors associated with the event have been found positive.
Cyber attackers will have weaponised tech environments to harm or kill humans by 2025: Report
“In operational environments, security and risk management leaders should be more concerned about real world hazards to humans and the environment, rather than information theft,” said Wam Voster, senior research director at Gartner.
“Inquiries with Gartner clients reveal that organisations in asset-intensive industries like manufacturing, resources and utilities struggle to define appropriate control frameworks.”
Health drives non-life insurers back to black in Q1, premia growth up 13.8 pc: Report
Crop insurance has nearly halved from Rs 1,479.32 crore in Q1 of FY21 to Rs 713.06 crore in Q1 FY22 as anecdotal data suggest that as the crop insurance scheme has been made optional, farmer enrolment has come down, it said.
U.S. judge narrows focus of antitrust suit over $30 bln Aon-Willis merger
The DOJ had alleged that combining the two large insurance brokers would harm competition in reinsurance broking, retirement and pension planning and private retiree multicarrier healthcare exchanges. But the divestitures mean those no longer will be issues in the trial, according to the order