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Risk Management
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Nuclear-powered ships may reshape trade with cleaner, faster transport, to pose problems for insurance
Commercial insurance companies won’t provide coverage for ship that...
ECB embeds climate risk to its supervisory approach on bank losses
The ECB is moving faster than other central banks in treating the...
Hapag-Lloyd to decide on Wednesday about Red Sea routes
The world's top shipping firms, including Maersk and Hapag Lloyds, stopped transiting the Red Sea after Yemen's Houthi militant group starting targeting vessels earlier in December, disrupting global trade through the Suez Canal Germany's Hapag-Lloyd will decide on...
‘Will find attackers of merchant navy ships even from depths of seas’, says Defence Min Rajnath Singh
"The Indian government has taken the drone attack on MV Chem Pluto and attack on MV Sai Baba in the Red Sea seriously. We will find those who executed the recent attacks on merchant navy ships even from the depths of the seas and take strict action against them,"...
Cyber risks biggest threat faced by Indian orgnaisations, says survey
Sivarama Krishnan, Partner and Leader, Risk Consulting, PwC India said that the 2023 Global Risk Survey shows that Indian business leaders are not only demonstrating an increased appetite for taking risks but are also doing a reasonable job of identifying...
Global regulators make tackling non-bank leverage a priority for 2024
The G20’s Financial Stability Board (FSB) and IOSCO, a global grouping of securities markets regulators, on Wednesday issued tougher liquidity management guidance for asset managers of open-ended investment funds, adding to existing guidance for money market funds,...
Special camps to be organised in TN’s 4 districts to settle insurance claims once flood water recedes: FM
As many as 31 people have lost their lives in the four districts while a total of 73,574 hectares of agriculture crop area and 35,796 hectares of horticulture area have been affected due to heavy rainfall during December 16-19 Chennai: Finance Minister Nirmala...
Shipping firms impose surcharges as Red Sea attacks hit global trade
In total, Maersk said a standard 20-foot container travelling from China to Northern Europe now faced an extra charge of $700, consisting of a $200 TDS and $500 PSS. Containers bound for the east coast of North America will be charged $500 each, consisting of the $200...
Ayushman Bharat Digital Mission ensures robust patient data security measures: NHA
Vikram Pagaria, joint director of the mission under the National Health Authority, highlighted that around 2,50,000 health facilities have been connected so far under the ABDM run by the NHA. Pagaria said that under this mission, there is no question of the patient's...
New psychological intervention ‘EASE’ to help adolescents affected by distress
1 in 7 adolescents globally experience mental health conditions, which mostly go unseen and untreated. EASE is the first WHO-UNICEF psychological intervention to address the critical shortage of mental health care for adolescents experiencing distress Geneva: The...
India boosts AI in weather forecasts as floods, droughts increase
The India Meteorological Department expects the AI-based climate models and advisories it is developing to help improve forecasts.The weather office has used AI to generate public alerts regarding heatwaves and such diseases as malaria.It plans to increase weather...
Shipping costs soar as war and climate risks choke key waterways
This week, provisional chartering rates for a Suezmax tanker to move oil from Iraq to the Mediterranean rose above 90 worldscale points, said shipbrokers. That’s a sharp jump from between 75 to 85 points in provisional bookings made in the past week. These points...