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Rising 3rd-party risks and persistent ransomware threats drive increased cybersecurity investments in 2026: Marsh
Among the key findings, nearly 75% of organizations globally...
Govt notifies new Sabka Bima Sabki Raksha (Amendment of Insurance Laws) Act, 2025, IRDAI to frame new regulations
Now, insurance regulator IRDAI will come out with new set of...
New research by the Geneva Association analyses the effects of ‘slowbalisation’ on the insurance industry
Jad Ariss, Managing Director of the Geneva Association, said: “The tides of globalisation are shifting, with geo-economic fragmentation posing both challenges and opportunities for the insurance sector. Insurers must navigate rising volatility, restricted...
IFSCA and IRDAI to work together for pulling global re/insurance investment into India: Rajaraman
L to R - PK Arora, Member, IRDAI, T Alamelu, Principal Advisor, Insurance, International Financial Services Centres Authority (IFSCA ) , K Rajaraman, chairman, IFSCA at the inaugural of 2nd Edition of IFSCA-IRDAI GIFT IFSC Global Reinsurance Summit’ in Mumbai on...
`IFSCA-IRDAI GIFT IFSC Global Reinsurance Summit’- International reinsurers gather in Mumbai on Monday to brainstorm their India strategies
K Rajaraman,Chairman, International Financial Services Centres Authority To be addressed by K Rajaraman, chairman, IFSCA, PK Arora, member, Actuary and Reinsurance, IRDAI, Tapan Ray, MD&CEO, GIFT City and host of Indian and international reinsurance experts, the...
Climate Risk: Is India Inc moving fast enough?
From a disaster management perspective, parametric solutions can also be valuable at a smaller scale. For example, they can protect microfinance institutions against their customers being unable to make scheduled payments due to extreme weather events Properly...
Investigators find feathers in both engines of crashed South Korean Jeju Air plane
The ministry suspects that both engines shut down shortly before the pilot attempted an emergency landing, depriving the aircraft of almost all electrical power as it touched down. The plane’s two black boxes, the flight data recorder and cockpit voice recorder, both...
2nd Edition of IFSCA-IRDAI GIFT IFSC Global Reinsurance Summit in Mumbai on Jan 20
2nd Edition of IFSCA-IRDAI GIFT IFSC Global Reinsurance Summit,Monday, January 20, 2025,Hotel JW Marriot, Juhu, Mumbai, Opening Address by Mr. K. Rajaraman, Chairperson, IFSCAAddress by Mr.P.K. Arora, Whole Time Member (Actuary), IRDAIAddress by Mr Tapan Ray, Managing...
CoreLogic estimates California wildfire insured losses at $35 to $45 billion
This analysis of both residential and commercial properties accounts for both fire and smoke damage as well as demand surge, debris removal, clean up and Additional Living Expenses (ALE). The majority of losses are to residential properties. Many of the potentially...
Family of former Leicester owner files $2.6 billion fatal accident claim after helicopter crash
“My father trusted Leonardo when he bought that helicopter but the conclusions of the report into his death show that his trust was fatally misplaced,” said Aiyawatt, who succeed Vichai as chairman of Leicester. “I hold them wholly responsible for his death.” The...
AM Best maintains stable outlook on India’s non-life insurance segment
“We expect that India’s non-life premium growth will be bolstered over the medium term by the country’s economic development, rising insurance demand, and regulatory initiatives which are designed to increase insurance penetration and promote financial inclusion,”...
AI agents can create leverage for threat actors in scaling widespread cyber attacks, CyberCube report
A more advanced and concerning development is emerging: AI agents that operate autonomously to scale cyber attacks with unprecedented speed and efficiency. While AI has obvious applications in defensive cybersecurity, we believe that in the near term, threat actors...