Among other defects, the regulator found that a simulator was not...
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Iran-Israel conflict: Re/insurers face complex set of financial, operational, and strategic risks
The Iran-Israel conflict is, in many ways, a stark reminder of the...
Aon launches Aon Broker Copilot to modernize insurance placement with AI and data at scale
" "The industry is undergoing a fundamental shift. As risk becomes...
Sony facing $7.9 bln mass lawsuit over PlayStation Store prices
Sony Interactive Entertainment (SIE) was sued last year on behalf of nearly 9 million people in the United Kingdom who had bought digital games or add-on content through Sony's PlayStation Store. Alex Neill, a consumer advocate who has worked on previous campaigns, is...
Almost half of Indian IT leaders feel security is missing component in their data policy: RUBRIK study
As marquee brands continue to reveal the challenges of successful cyber attacks targeting their business data, the report said it has found a ''stark reality''. It says that globally, about one in every two organisations surveyed suffered a loss of sensitive data...
Cyber ‘Catastrophe Bonds’ set to test bond markets
Beazley Plc, which owns specialist insurers across Europe and the US, is exploring a potential $100 million cyber cat bond, according to Artemis, a research firm specializing in insurance-linked securities. And AXIS Capital is preparing to issue a $75 million cyber...
Bank of England to deepen system-wide stress test for banks, insurers and pension schemes in 2024
The Bank wants to see how market players cope when there are huge demands for liquidity, such as meeting extra margin calls on positions in a short time. London: The Bank of England said on Friday it would start the second leg to its first system-wide stress test of...
90 pc organisations say generative AI will help add new lines of biz over 12 months: PwC
The report also revealed that in 2024 cyber investments are expected to increase to 14 per cent, up from 11 per cent in 2023, highlighting the growing importance of cybersecurity in organisations' overall strategies New Delhi: As many as 90 per cent of the...
Tokio Marine Holdings launches disaster prevention & mitigation subsidiary
Tokio Marine Resilience will promote comprehensive disaster prevention and mitigation solutions through planning, developing and providing new services Tokyo: Japanese major Tokio Marine Holdings, Inc. (TMHD”) has announced the establishment of a 100 per cent owned...
Why is South Asia the global hotspot of pollution?
Experts say that the problem lies in a lack of coordination on pollution control efforts between the countries. Dust particles can travel hundreds of kilometres, studies say, transcending national boundaries and impacting countries other than those in which they...
Australia says ports operator cyber incident ‘serious’
DP World Australia, which manages nearly half of the goods that flow in and out of the country, said it was looking into possible data breaches as well as testing systems "crucial for the resumption of normal operations and regular freight movement". The Australian...
SBI General Insurance issues its first surety bond as bid security for NHAI
NHAI has been working closely with Highway Operators Association of India (HOAI), SBI General Insurance and AON India Insurance to implement this initiative Insurance surety bond has been issued for NHAI monetization bid of TOT bundle 14 @ 0.25% by the insurer without...
Working under sun causes one in three deaths from non-melanoma skin cancer: WHO-led Study
''Unprotected exposure to solar ultraviolet radiation at work is a major cause of occupational skin cancer,'' said Tedros Adhanom Ghebreyesus, WHO Director-General. Working under the sun causes nearly one in three deaths from non-melanoma skin cancer, according to an...