Nirmala Sitharaman,Finance Minister Touching upon the emergence of...
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Geneva Association report calls for action to safeguard home insurance amid rising extreme weather risks
“Extreme weather is no longer a future threat – it’s disrupting...
High crypto investors seek bodyguards to deter kidnappers
People with crypto wealth face unique physical risks because public...
Superbugs Are ‘Dangerously High’ Threat in Greece, India, Turkey
The ballooning calamity would leave more patients without effective cures for pneumonia, bloodstream infections and a range of other illnesses Drug-resistant microbes exact a heavy toll: They claim 79,000 lives a year across 34 OECD and EU/EEA countries and ratchet up...
RBI says 15 large NBFCs to comply with enhanced regulatory requirements
Besides LIC Housing Finance, Bajaj Finance, Shriram Finance and Tata Sons, others in the list include L&T Finance, Piramal Capital & Housing Finance, Cholamandalam Investment and Finance Company Mumbai: Reserve Bank of India on Thursday said 15 large NBFCs,...
AI regulations: Key considerations to ensure customer protection without compromising innovation
Despite the benefits AI offers to both customers and insurers, however, there are concerns around privacy and the risk of potential discrimination, as well as the lag between the pace of development of AI technologies and corresponding regulatory frameworks, cautioned...
Global companies to hike security spending as threats rise, survey shows
Allied Chief Executive Steve Jones told Reuters that while much of the fraud, counterfeiting and loss of intellectual property was driven by financial gain, some internal leaking of sensitive information was motivated by social causes LONDON: Almost half of security...
IMF-FSB paper pitches for coordinated action to deal with cryptocurrencies
The policy roadmap suggested by the paper to mitigate cryptocurrency risks includes building institutional capacities beyond G20; enhancing global coordination, cooperation and information sharing; and addressing data gaps necessary to understand the rapidly changing...
Philips to pay at least $479 million for Apnea machine cases
The machines are designed to force extra air down users’ throats to treat obstructive apnea – an ailment that interferes with proper sleep and can cause fatal heart problems. U.S. Food and Drug Administration officials have said they’ve linked 385 deaths to...
Global fears are feeding demand for re/insurance: Lloyd’s CEO
John Neal,Chief Executive Officer,Lloyd’s of London Rising inflation, recession worries, climate threats and geopolitical tensions are making individuals and businesses more wary of risks, according to the head of the insurance exchange. While in a normal year...
Governance mechanism, customer-centricity can help in fintech ecosystem sustainable growth: RBI official
``Regulation can wait a bit longer but what is needed more urgently is better governance standards and a mechanism focused on customer centricity, data privacy and data protection, among others,'' Ajay Chaudhary, an executive director who heads the fintech department...
13 million people live with vision impairment linked to their work: ILO report
“The ILO stresses the importance of protecting workers’ safety and health – including their eyes. By prioritizing eye health awareness and effective implementation, we can make sure workers have access to a safe and healthy working environment. This ensures their...
G20 Digital Eco Ministers reach consensus on definition of Digital Public Infrastructure: MoS IT
Minister of State for Electronics and IT Rajeev Chandrasekhar The government's DPI includes platforms like Aadhaar, UPI, Digilocker, Cowin and other platforms that are meant to provide services to citizens in electronic mode New Delhi: G20 Digital Economy Ministers...