The committee will be chaired by additional secretary (Crop...
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Japan estimates feared megaquake could cause $1.8 trln in damage, kill 300,000 people
Japan is one of the world's most earthquake-prone countries, and...
SBI Gen pays its first parametric claim of Rs1.06 cr for Nagaland’s natural disaster losses
“Our parametric insurance model ensures that financial assistance...
Crypto ‘worth nothing’, should be regulated: ECB Prez Christine Lagarde
Christine Lagarde,European Central Bank President Lagarde told Dutch television that she’s concerned about people “who have no understanding of the risks, who will lose it all and who will be terribly disappointed, which is why I believe that that should be...
Govt orders probe after 3 incidents of in-flight engine shutdowns
India has seen a number of mid-flight shutdowns, and regulators have responded strongly in the past, once ordering IndiGo, the nation’s biggest airline, to ground some of its A320neo planes after engines manufactured by Pratt & Whitney experienced repeated...
Air India flight’s engine shuts down mid-air, makes emergency landing at Mumbai airport
The pilots of the A320neo plane received a warning about high exhaust gas temperatures on one of the engines just minutes after the aircraft's departure from the Chhatrapati Shivaji International Airport at 9.43 AM Air India flight's engine shuts down mid-air, makes...
PWC partners with due diligence tech startup Neotas to combat financial crime
The Neotas platform will enable PwC’s integrity due diligence “RADAR” service offering to scale, to address new risk domains including ESG, financial solvency, social media and more from a single centralised platform Global professional services giant PwC will combat...
Munich Re offers new validation service for trustworthy AI
“The digitalisation megatrend is also transforming the risk landscape. Novel risks – be they in the area of cyber, data analytics, quantum computing or artificial intelligence – call for innovative solutions. CertAI will enable us to take the next step forward and...
Global economy: Scarcity triggers $1.6 trillion of GDP loss
Russia’s invasion of Ukraine and China’s Covid Zero lockdowns are disrupting supply chains, hammering growth and pushing inflation to forty-year highs. Emerging nations could see more acute threats to energy and food security, like the ones already causing turmoil in...
Twelve workers killed by wall collapse at India salt factory
Industrial accidents, mainly fires, are common in India due to lax safety regulations NEW DELHI: Twelve workers at an Indian salt factory were killed on Wednesday when a 3 metre high wall collapsed on them, government officials said. The incident took place in the...
U.S. agency opens probe into fatal Tesla vehicle crash that killed three
A total of 14 crash deaths have been reported in those Tesla investigations, including the three recent fatalities Tesla says on its website that Autopilot provides drivers assistance by enabling vehicles to steer, accelerate and brake automatically but "require...
RMS launches new cloud-based application UnderwriteIQ
Moe Khosravy, Executive Vice President, Software and Platform, RMS, said: “The growth in adoption of the RMS Intelligent Risk Platform has been phenomenal. A substantial number of clients are benefiting from the secure cloud-based platform that provides superior...
RIMS Survey highlights best practices to address and leverage emerging risks
Patrick Sterling,President,RIMS “In the face of so much uncertainty and volatility, business leaders around the world have challenged their risk management teams to identify, assess and deliver solutions to prepare the organization for the impacts of emerging risks,”...