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Building Climate Resilience: Strategies for Indian insurance industry
Climate change is a systemic risk that demands a systemic response....
Odisha announces launch of financial tech capability hub
Over the next five years, more than 7,000 students from every...
Majority of Indian enterprises have deployed AI: IBM report
''Without the use of governance tools, AI can expose companies to data privacy issues, legal complications, and ethical dilemmas – cases of which we have already seen plaguing many across the world,'' Sandip Patel, Managing Director, IBM India and South Asia, said...
Asia-Pacific off track on path to SDGs, UN data shows
Among the 17 SDGs, Goal 13 on climate action required most attention, as progress on all of its targets are off track and some are in reverse. This underscored the need to integrate climate action into national policies, strengthen resilience and improve adaptive...
World bank and Fathom tie-up for free flood data access for 16 climate vulnerable countries
These countries are among the most vulnerable to climate change, such as Pakistan, Somalia, and Yemen, which often struggle with limited data resources London: UK based Global flood risk intelligence leader Fathom, which was recently acquired by Swiss Re, has tied up...
IRDAI unveils regulations for Bima Sugam, services will be free for customers
Bima Sugm will officially called as Rashtriya Bima Sugam Nigam Ltd and the shareholding of the company will be widely held amongst Life insurers, General Insurers and health insurers. Starting with a capital of Rs 200 crore, the shareholders, as and when required,...
Protection Gap: Rising life insurance demands from Urban India, says Max Life Study
-Max Life's India’s Protection Quotient (IPQ) reveals that 3 in 4 urban Indians now own life insurance, -Higher importance being ascribed to Cover and Riders while buying Term Life Insurance, -The South Zone most financially prepared; West India has the highest...
Underwrite disruptions to improve market penetration: IRDAI chief to insurers
Debasish Panda,chairman, IRDAI "There is a need to come out of the traditional and conventional roles and embrace dynamism and agility and also there is a need to see the sector from a different lens," IRDAI's chief Debasish Panda said, acknowledging the role of...
EU to probe TikTok faces over risks to minors, may pay hefty fines
The bloc singled out 19 online platforms and search engines last year as large entities worthy of scrutiny and has been quizzing them for information. That includes X, Meta Platforms Inc., Alphabet Inc. and others with more than 45 million monthly active users in...
Marine insurers continue to support trade in the Red Sea & Black Sea
The impact on Suez Canal transits and global supply chains are significant but this has not affected the ability of the marine insurance market to provide adequate cover – both for Red Sea/Suez Canal transits or for the longer route around the Cape of Good Hope,...
DGCA takes necessary steps to prevent runway incursions following Haneda airport incident
Apart from establishing a runway safety team at all aerodromes and ensuring their effective functioning, the regulator has emphasised on comprehensive training for pilots, air traffic controllers, aircraft maintenance engineers, and drivers operating inside an airport...
Amid political uncertainty, Pak biz tycoons shift business to Dubai
The political and economic uncertainties along with the deteriorating law and order situation frightened the business community who regularly pay ‘extortion money’ to one or another group in Karachi, Dawn reported Karachi: During the past 20 months, Pakistani...