Union Minister Singh also reiterated that as announced in the...
Category:
Risk Management
Latest
AIC receives Geospatial Excellence Award
`At AIC of India, our commitment has always been to safeguard the...
Ransomware grows beyond traditional hotspots,hit emerging economies
William Altman, Head of Cyber Threat Intelligence Services, said:...
Work on to assess safety of AI; job loss from GenAI not intense in India: IT Secy
"Safe and trusted AI is when you do the innovation, try and be responsible about it but there would be an assessment. We will try and see that it is safe and trusted in a manner that works for everybody. That is the other space that we are working on right now. We...
Aon and EBRD launch innovative war risk insurance facility for Ukraine
Under the new €110 million Ukraine Recovery and Reconstruction Guarantee Facility, the EBRD will support global reinsurance companies through a guarantee covering losses on specific war-related risks underwritten by local Ukrainian insurers DUBLIN: Aon plc, a leading...
Govt working on policy of ‘zero casualties’ during disasters: Union Minister Rai in Lok Sabha
“India faces a variety of disasters across seasons. The government is working on the policy of ‘zero casualties’ in line with Prime Minister Narendra Modi’s pledge of making India a developed country by 2047,” Union Minister Nityanand Rai said in the Lok Sabha on...
Secure messaging apps big challenge to counter online radicalisation: Govt
"The use of more secured messaging applications like Signal, Telegram, Viber and dark Web apart from WhatsApp with end-to-end encryption by radical elements to connect with other likeminded elements has proved to be a major challenge for security agencies in its...
Addressing ethical challenges of AI, making social media accountable on fake news: Ashwini Vaishnaw
Addressing the Parliament, Union Minister of Electronics and Information Technology, Ashwini Vaishnaw highlighted the critical challenges posed by the emerging AI landscape, social media accountability, and the need for robust legal frameworks New Delhi: Ethical...
Lloyd’s human pandemic scenario reveals potential global economic loss of $13.6trn
From an economic perspective, the widespread impacts would be primarily driven by disruption across global industries due to local lockdowns and global travel restrictions. With the transportation sector worth over 10% of global GDP, sustained international travel...
Cat bonds see rapid influx of investors
Plenum estimates that the volume of catastrophe bonds in funds marketed under Europe’s UCITs label has risen roughly 49% since the end of 2022 to $13 billion at the end of September. That’s as overall issuance for 2024 looks set to hit a record $16.5 billion,...
Industry should realign itself keeping political strategic policies in mind Nirmala Sitharaman
"Supply chains will have to be restored but you would have to reset it, realign it, you will have to make sure that it is spread so much that no geopolitical or strategic risks will threaten our wellbeing,” Finance Minister Nirmala Sitharaman New Delhi: Finance...
Insurers’ climate losses almost match premiums from fossil fuels
On average, fossil-fuel premiums account for less than 2% of total premiums, raising questions about why insurers aren’t using their immense influence to protect the other 98% of their business from spiraling climate risks Top insurance companies suffered $10.6...
Delhi consumer forum imposes Rs 15 lakh fine on Emami over fairness cream
The order said that a reasonable or average intelligent customer could also be under a “convincing impression” that following the exclusive instructions mentioned on the cream’s packaging would give the results as claimed. This proves misleading advertisement and...