In terms of risk management practices, the report pointed out that...
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Risk Management
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Ministry of civil aviation clarified pilot not being blamed for AI plane crash: Centre to SC
Justice Joymalya Bagchi said, “The AAIB inquiry is not for...
Willis and Rare partners to launch innovative insurance solution for fishers in the Philippines
Christopher Au, Head of APAC Climate Risk Centre, at Willis, said:...
New research from Beazley reveals AI is the biggest challenge facing digital health and wellness firms
Beazley’s research found fewer than a third (30%) buy the essential tailored insurance covers that protect against bodily injury caused by a variety of technology-based drivers London: Beazley, the leading specialist insurer, has today published its latest Digital...
Lloyd’s partners with World Bank Group in bid to boost guarantees to $20bn by 2030
Lloyd’s CEO, John Neal, said, “Collaboration is the hallmark of the Lloyd’s market, and through our ongoing partnership with MIGA, the (re)insurance industry has facilitated projects around the world which are having a tangible impact on the local and national...
Probe into EY India’s office after worker’s death finds it lacked labour welfare permit
EY faces scrutiny in India over the death of audit executive Anna Sebastian Perayil, which her mother blamed on a "backbreaking" workload in a letter to EY India's chairman NEW DELHI: An Ernst & Young (EY) office in western India, which employed a 26-year-old who...
Businesses in APAC taking longer to convert working capital into cash, affecting liquidity: Aon
According to the report, the average days receivable for Asia Pacific companies for year ending 2023 was 71 days. Although a small increase from 2022, an increase in days receivable reflects a decrease in working capital availability and indicates slower collection of...
Zurich Kotak General Insurance to scale up its commercial insurance portfolio, Ajey Hegde to head the unit
Sean Walker, Head of Commercial Insurance & Chief Technical Officer, APAC, said, “As Indian businesses continue to grow, Zurich Kotak is well-positioned as a key risk management partner, helping commercial customers better understand and navigate current and...
Audit bodies must address growing risks of privacy breaches, social exclusion: CAG Murmu
Girish Chandra Murmu, Comptroller and Auditor General of India "Whether during the pandemic, in the fight against climate change, or in advancing the Sustainable Development Goals (SDGs), the role of Supreme Audit Institutions(SoIs) in preserving integrity and...
Mercedes Benz fire incident may slow down EV transition in South Korea
Although batteries are a critical component in electric cars and can pose serious safety risks if not properly manufactured or managed, automakers have so far kept the identity of their battery suppliers confidential, not just in Korea but around the globe. A...
Thousands of fires are burning in the drought-wracked Amazon
Climatologists have warned for decades that events like this year’s would come to pass. Droughts in the last two decades have become much more severe and much more common. The last year — the hottest on record globally — brought Brazil’s extremes to a new level Much...
ICAI opposes proposed changes by NFRA in auditor responsibility for firms
The NFRA’s proposed change stems from the alleged audit failures at companies like Reliance Capital Ltd., Coffee Day Global Ltd., Dewan Housing and Finance Ltd. and IL&FS Group where a “mechanical reliance was placed by the principal auditor on the work of the...
Watching, mere storage of child pornography a crime: Supreme Court
The judgment authored by Justice J.B. Pardiwala suggested that the Parliament should seriously consider substituting the term “child pornography” with “child sexual exploitative and abuse material” (CSEAM) and in the meantime, the Union government may bring an...