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Challenges from tariff uncertainty likely credit negative for insurers: AM Best
"Insurance companies have financial exposure to public equities —...
Retaliation risk looms for some U.S. corporates as trade war continues: Fitch
The scope of potential retaliation is evolving as the trade war...
Over 82 pc of biz executives polled in India see cybersecurity budgets rising in 2023: PwC survey
In India, cloud-based pathways (59 per cent) and the internet of things (58 per cent) are top areas of concern, followed by mobile devices and software supply chains (54 per cent). Globally, mobile devices are considered most unsecured (41 per cent) New Delhi: More...
“APAC Cyber markets to become more buyer-friendly as new capacity becomes available and rates continue to stablise”
In an exclusive interview with Asia Insurance Post, Adam Peckman, Head of Cyber Solutions – Asia Pacific and Global Head of Cyber Risk Consulting – Cyber Solutions, Aon,speaks about the emerging trends in APAC Cyber Insurance markets What is the size of Cyber market...
Reeling from floods, Pakistan seeks climate compensation, debt relief
Pakistan and other climate-vulnerable countries are demanding that the U.N. climate talks this year in Egypt take steps to mobilize "loss and damage" funds for disaster-hit nations, and some say rich nations have a duty to pay these costs because their historical...
Global cyber insurance premium to grow 20% to reach $23 billion by 2025 from $10 billion in 2021: Swiss Re
The market has significant growth potential beyond these projections. Given estimates of annual global cyber losses at around $ 945 billion, roughly 90% of the risk remains uninsured, said Swiss Re Jérôme Haegeli, Swiss Re Group Chief Economist: "As cyberattacks have...
Apple warns of hit to iPhone shipments from China COVID disruption
"But this is part of a much deeper story - the uncertainty surrounding the future of the Chinese economy… These headlines are part of the ongoing saga as to whether there is any truth to the consistent rumours that authorities are discussing whether some of the...
Indian ‘hack-for-hire’ firms target VIPs, states: Report
According to the investigation based on leaked documents and undercover work in India earlier this year, journalists posing as former MI6 agents turned private investigators claim that one gang ''seized control of computers'' owned by Pakistan's politicians, generals...
Allianz Global Investors targets $1 bln for tackling climate risks
Private finance in developing economies hit a record $250 billion last year, according to the International Monetary Fund, but must more than double by 2030 to keep on track to hit the world’s climate goal, a London School of Economics study said Allianz Global...
Ukraine war led to more damaging and widespread cybersecurity attacks: EU Agency
“Today’s global context is inevitably driving major changes in the cybersecurity threat landscape. The new paradigm is shaped by the growing range of threat actors,” ENISA Executive Director Juhan Lepassaar said in a statement Geopolitics such as Russia’s invasion of...
77 pc employees think work-related stress can induce anxiety, depression: Report
The report further revealed that 82 per cent of the participants validated that health issues like immunodeficiency disorders, gastrointestinal disorders and musculoskeletal disorders are directly connected with work-related stress, while 14 per cent remained neutral...
CCPA levies Rs 1 lakh fine on Cloudtail for selling pressure cookers on Amazon in violation of BIS standards
''The company was also directed to pay a penalty of Rs 1,00,000 for selling domestic pressure cookers to consumers in violation of mandatory standards prescribed under the QCO and violating the rights of consumers,'' the statement said The CCPA initiated suo-moto...