The wildfires that swept through parts of Los Angeles County in...
Category:
Risk Management
Latest
Rising AI-driven cyber attacks and geopolitical tensions hit India Inc, says Aon
Prasanna Kumar, head of cyber solutions for India at Aon, said, “We...
Pollution boards can impose environmental damages, says SC
Having considered the principles that govern Indian environmental...
US regulators add artificial intelligence to potential financial system risks
Janet Yellen,Treasury Secretary ,US The Financial Stability Oversight Council, which comprises top financial regulators and is chaired by Treasury Secretary Janet Yellen, flagged the risks posed by AI for the first time in its annual financial stability report It also...
Swiss Re acquires Fathom, a leader in water risk intelligence
Russell Higginbotham, CEO of Swiss Re Reinsurance Solutions, said: "We are very pleased to join forces with Fathom in our quest to narrow the protection gap for natural catastrophe risks, such as floods. Fathom's market-leading research and innovative tools in this...
Irdai chief stresses spreading of natural calamity covers in high-risk regions
Debasish Panda, Chairman,Irdai, is addressing an international seminar on ``Enhancing Insurance Inclusivity & Bridging the Protection Gap in India’ organised by National Insurance Academy in Mumbai Releasing the report, Irdai Chairman Debasish Panda said spreading...
Red Sea shipping costs rising after Houthis target more commercial vessels
War risk premiums have risen this week to between 0.1%-0.15% to 0.2% of the value of a ship, from 0.07% last week, according to market estimates on Tuesday. While various discounts would be applied, this still translates into tens of thousands of dollars of additional...
Crypto, insurance-linked and trend hedge funds most popular – Preqin
Hedge funds making use of algorithms to catch market trends, or commodity trading advisers saw $13.1 billion of net cash inflows, Preqin said. Niche strategies, which make up 2% of the industry (by assets), saw a net $11 billion in inflows during the same time frame,...
Infrastructure faces $600 billion hit in worst-case climate shift – study
The researchers describe this worst-case scenario in terms of governments moving late, or unexpectedly, to impose taxes on carbon emissions. Those abrupt moves would drive an inflation-fueling price shock that would see interest rates rise, impacting the net-asset...
Nations strike deal at COP28 to transition away from fossil fuels
“It is the first time that the world unites around such a clear text on the need to transition away from fossil fuels,” said Norway Minister of Foreign Affairs Espen Barth Eide Representatives from nearly 200 countries agreed at the COP28 climate summit on Wednesday...
Google’s court loss to Epic Games may cost billions but final outcome years away
Epic Games will now have a chance to submit a court filing on how it wants Google’s Play Store to be fixed — potentially putting at risk what Wells Fargo estimates is $10 billion in annual revenue from app sales and in-app purchases for the tech giant Google’s...
Road crash deaths down by 5% globally, numbers in India continue to rise: WHO
Nine in 10 deaths occurred in low and middle-income countries, and fatalities in these countries are disproportionately higher when set against the number of vehicles and roads they have New Delhi: Thirty-five more countries made notable progress, reducing the deaths...
Key risk trends for Directors and Officers in 2024: Allianz
Insolvencies are rising, geopolitical uncertainty is considerable, cyber risk is elevated, and ESG claims are here to stay and proving challenging. D&Os need to be prepared for these headwinds and have a strategy that can adapt when presented with a block to the...