"The next 25 years will not just be about scale, but about...
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Trump extends Iran ceasefire indefinitely,Hormuz blockade to continue
US President Donald Trump Trump posted on social media that he...
Iran yet to decide on whether to attend talks as ceasefire deadline ticks down
President Donald Trump said he hoped to reach a "great deal" to end...
Crashed aircraft killing Ajit Pawar solely insured by ICICI Lombard General for Rs50 crore, has reinsurance support
ICICI Lombard General Insurance has reinsurnace support for providing the cover to the business aircraft by ceding manadatory four per cent to state owned GIC Re along with a treaty policy wth Munich Re The Learjet 45 (LJ45), a mid-size business jet aircraft produced...
Nvidia unveils AI tools and models for faster weather forecasting
Mike Pritchard, the director of climate simulation research for Nvidia and a professor of earth system sciences at the University of California, Irvine, said that one of the practical business applications of the new weather models will be in the insurance industry....
European Airlines halt West Asia flights on US-Iran tensions
The cancellations underscore how quickly geopolitical tensions can spill over into civil aviation. The disruption followed comments from President Donald Trump that the US has deployed naval assets to the Middle East, renewing concerns he may follow through on threats...
Centre releases 2nd white paper on strengthening AI governance
The White Paper, released by the Office of the Principal Scientific Adviser to the Government, emphasises the contours of a "techno-legal" AI governance framework that aims to mitigate risks while preserving flexibility and innovation. New Delhi: The Centre on Friday...
SC notice to Centre, CBI on plea of ex-banker duped of Rs 23 cr in ‘digital arrest’
A bench of Chief Justice Surya Kant and Justice Joymalya Bagchi has issued notices to the Union of India, Central Bureau of Investigation (CBI), Reserve Bank of India (RBI) and others on the plea filed by Naresh Malhotra. The plea has sought directions to the banks...
Japan shuts down world’s largest nuclear plant hours after restart
TEPCO, as the utility is known, said it was forced to stop the process for the No. 6 reactor at its Kashiwazaki Kariwa plant on Thursday due to an issue with an electrical part, according to a spokesperson. Tokyo:Tokyo Electric Power Co., Japan’s largest utility,...
Sebi accuses executives at EY, PwC of insider trading, notice shows
Sebi's notice showed India executives of Carlyle, Advent, PwC, and EY shared unpublished price sensitive information, enabling others to trade on the information. It also accused a former Yes Bank board member of sharing price sensitive information enabling others to...
Banks and insurers deliberate India’s upstream reforms agenda and investment opportunities
Perspectives were also shared by financial institutions and insurers including the State Bank of India, New India Assurance and Bajaj Allianz, covering risk assessment frameworks, exposure considerations, bank guarantee structures and emerging risk-mitigation...
Severe convective storms: Costliest insured global peril in 21st century, says Aon Report
"This year's report highlights the growing need for collaboration among organizations, insurers, governments and communities.The insurance industry is well-positioned to act as a strategic partner to help navigate these challenges, bringing record levels of capital to...
IFSCA developing regulations for issuing Cat Bonds in GIFT-IFSC
(Lto R)Deepak Sood, member(Non-Life), Ajay Seth, chairman, IRDAI, Hasmukh Adhia,chairman, GIFT-City,K Rajaraman, chairman, International Financial Services Centres Authority(IFSCA),M Nagaraju, Secretary, Department of Financial Services and Mahipal Reddy, executive...