NIA's rating is driven by the company’s leadership position in the...
Category:
Risk Management
Latest
First shockwaves of Trump’s trade tariffs about to hit global economy
“Our new growth projections will include notable markdowns, but not...
China tightens regulations on battery-powered vehicles for higher safety standards
The Ministry of Industry and Information Technology on Monday...
Cryptocurrency: Covering Losses
Lloyd’s recently announced a new policy to insure against losses stored on certain cryptocurrency wallets. Until the broader insurance market catches up with the rise of cryptocurrency and such insurance becomes more commonly used, most policyholders will need to look...
DGCA carries out 4,378 surveillance activities among Indian airlines this year
"As a result, the Effective Implementation score of India has risen from previous 69.95 per cent to 85.49 per cent, thereby changing India's Safety Oversight ranking from 102 to 48 among the 193 contracting states," it said. New Delhi: Aviation regulator DGCA on...
Meta agrees to pay largest $725 million to settle privacy lawsuit
It’s “the largest recovery ever achieved in a data privacy class action and the most Facebook has ever paid to resolve a private class action,” the plaintiffs said in a court filing late Thursday. Lawyers for the consumers had steadily gained leverage to pry into the...
Insurers shun FTX-linked crypto firms as contagion risk mounts
Specialists in the Lloyd's of London and Bermuda insurance markets are requiring more transparency from crypto companies about their exposure to FTX. The insurers are also proposing broad policy exclusions for any claims arising from the company's collapse. Kyle...
Key risk trends in 2023:Potential Recession, Cyber and ESG
Plunging growth rates, surging inflation, the energy crisis, continuing stock market volatility and ongoing supply chain issues are monitored closely by D&O underwriters as they could cause liquidity and profitability squeezes in many sectors and fuel rising...
Gmail suffers massive outage globally, restored
According to website outage monitor portal Downdetector.com, most problems were related to receiving emails, apart from failed connections New Delhi: Google finally restored Gmail service after it suffered a massive outage for millions of users globally, including in...
Hackers attack ICMR website around 6000 times in a day: Official
A proposal for developing an ICMR Data Centre (Delhi and Chennai) and a Disaster-Recovery site (Bangalore) is being developed on a turnkey basis. New Delhi: Hackers allegedly tried to breach the website of the apex health research body ICMR but their attempts were...
Cryptoverse: Forget crypto winter, this is a bitcoin ‘bloodbath’
It's been a brutal year for investors. Bitcoin's price has dropped 63%, while the overall cryptocurrency market capitalization has lost $1.63 trillion in value. The collapse of Sam Bankman-Fried's FTX exchange hammered a long nail into the market. "I'm nearly...
South Korea’s only reinsurer announces to drop new coal, but with loopholes
Asia’s second-largest reinsurance company, Korean Re, will no longer be providing reinsurance 1 for new coal mining or power plant construction from next month. Over 60 percent of the global reinsurance market, including reinsurers such as Hannover Re and Swiss Re,...
Safdarjung Hospital reports cyberattack but not ransomware; AIIMS server down for 11th day
Medical Superintendent Safdarjung Hospital Dr BL Sherwal said, "There was a cyberattack. Our server was also down in November for a single day, but data was secured. It was handled by IT, National informatics Centre (NIC) which revived the systems." New Delhi:...