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India to see above-normal cumulative rainfall this monsoon, El Nino conditions unlikely, says IMD
El Nino conditions, associated with below-normal monsoon rainfall...
Risks and Opportunities: Impact of U.S. Tariffs on Asian businesses
Trade credit, political risk insurance and surety to secure...
RIMS announces Gary Labranche as new CEO
Gary LaBranche LaBranche will succeed longstanding RIMS CEO Mary Roth who announced her retirement in late-2021 after 37 years of service with RIMS. LaBranche will assume his new role on June 1, 2022 NEW YORK: RIMS, the risk management society®, has announced Gary...
Okinawa Autotech to recall 3,215 units of Praise Pro electric scooter
Three of Okinawa's scooters have caught fire since October 2021, resulting in two casualties This is the first such move by any electric vehicle manufacturing company in India Bengaluru: Electric two-wheeler manufacturing company Okinawa Autotech on Saturday said it...
TMK launches IP Abatement Insurance for US-based SMEs
Product will be available as an add-on to TMK’s Intellectual Property (IP) Infringement Defence Policy and features limits of up to USD3m TMK, a leading specialist insurer, has launched IP Abatement insurance for clients in the US. The product will be available for...
Niti Aayog CEO asks EV makers to recall vehicle batches involved in fires
NITI Aayog CEO Amitabh Kant said that the time is ripe for the EV industry to instill a sense of confidence in consumers the way global automakers do by voluntarily recalling their vehicles over fire risks New Delhi; As more and more electric two-wheelers catch fires...
UNDP and Generali partner to develop insurance and risk finance solutions
"On average, the world's poorest countries lose $29 billion every year from disasters yet a meagre 3% of these losses are covered by insurance," says UNDP Administrator, Achim Steiner "This new partnership with Generali will allow UNDP to extend much-needed insurance...
Carry out safety audit of all ropeway projects: MHA to states and UTs
Three people were killed while being rescued from cable cars in Jharkhand's Deoghar district after the ropeway connecting a hill malfunctioned on Sunday afternoon. In a communication to all states and Union territories, Home Secretary Ajay Bhalla also said that for...
Managing Risk and Capitalising Opportunities in Connected Asia: AON Report
Anne Corona,chief executive officer, Asia Pacific, Aon `As traditional industry borders fall away in 2022, ecosystems and the digital platforms that enable them will continue to influence the future of business. Having an impact in the `New Better' will no longer be...
RBI keeps repo, reverse repo rates unchanged for 11th time in row, cuts GDP growth forecast
Shaktikanta Das,Governor,RBI Keeping the approach " cautious, but proactive", RBI Governor Shaktikanta Das said that the RBI is emphasizing on three different aspects which will place India in a position that would enable it to deal with the merging crisis and...
New legal structure needed to counter cyber criminals: Vaishnaw
Union Minister of Information Technology Ashwini Vaishnaw said this problem can be tackled by legal strategy, technology, organisations, capacity building and mutual cooperation Speaking on legal strategy to counter cyber crimes, Vaishnaw said the country needs to...
ICICI Lombard’s 2nd edition of Corporate India Risk Index witnesses a 9% jump
Bhargav Dasgupta, MD & CEO, ICICI Lombard General insurance The highest improvement was witnessed in the Transportation & Logistics sector, which has secured a score of 69, up from 47 in 2020. The sector bounced back post pandemic owing to new strategic...