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Trebling of “nuclear” court verdicts challenges companies and liability insurers: Allianz
Recent years have also seen a growing list of pharma, food, and...
Facebook users affected by data breach eligible for compensation, German court says
Thousands of Facebook users in Germany are demanding compensation...
DFC provides $50 million in new political risk insurance to expand War Insurance for Ukraine business
The facility will create a portfolio of war risk insurance policies for companies operating in Ukraine, support ARX in expanding its war risk insurance offering in Ukraine, and unlock more than $200 million in new coverage for static assets in Ukraine WARSAW: The U.S....
Lloyd’s revamps its data, operations and change departments, opts for outsourcing
Lloyd’s oversees a market of nearly 50,000 underwriters and brokers in London. It is in the process of upgrading its technology, moving away from being a totally face-to-face market, where brokers and underwriters meet on the trading floor of its tower in the City of...
India to shift to ‘smartphone era’ for cars embracing 5G, advanced AI in 2025: Report
Most cars priced at Rs 20 lakh and above will feature these technologies as standard. The cumulative revenues from automotive chipset companies have already surpassed USD 1.5 billion, with companies like Qualcomm and MediaTek leading the market India is set to enter a...
UNESCO, IT Ministry host multi-stakeholder consultation on safety, ethics in AI
S Krishnan, secretary, MeitY, highlighted the critical role of the Digital Personal Data Protection Act in advancing responsible AI practices and reaffirmed India’s active participation in international AI forums to balance innovation with regulation New Delhi: India...
Digital media platforms must curb fake news, safeguard democracy: Ashwini Vaishnaw
Union Electronics and IT Minister Ashwini Vaishnaw ,Union Electronics and IT Minister "The spread of fake news undermines trust in the media and poses a threat to democracy," the minister said New Delhi: Calling for accountability in digital media to combat fake news...
Bharat Panchal appointed as chief risk, security, and stakeholder management officer of Bima Sugam
In another key appointment, Bima Sugam India Federation has appointed Bharat Panchal, a three-decade IT veteran having experience in fintech, banking, and telecommunications sectors, as its chief risk, security, and stakeholder management officer. Recently, Prasun...
Ban on BS-III petrol, BS-IV diesel 4-wheelers in Delhi amid rising pollution levels; Rs 20,000 fine for violators
"There shall be no plying of BS III petrol and BS IV diesel LMV (4 wheelers) in Delhi. There shall be no plying of Delhi registered Diesel operated Medium Goods Vehicles (MGVs), of BS-III standards or below, in Delhi, except, those carrying essential commodities/...
Cloud investments: Majority of banks and insurers struggle to maximize the value
“Cloud adoption should be viewed as the start of a transformative journey that fuels long-term business growth, rather than the end game or destination. What’s clear from our research is that while the technology is seen by financial institutions as a building block,...
SC junks PIL raising security concerns of communications through Whatsapp, Telegram
The PIL said that vulnerability in the Android applications violated several fundamental rights, including the right to privacy, right to freedom of expression, right to reputation and dignity, and right to fair investigation and trial, by unauthorised replacement of...
Tokio Marine Group partners with Resilient Cities Network to accelerate investments in urban resilience
The new partnership will see Tokio Marine Group companies provide expertise and support to the Taskforce with a focus on developing commercially viable finance and insurance solutions for project portfolios that enhance climate resilience in more than 100 cities. At...