Category:

Risk Management

Bombay High tragedy: Barge Master, others charged with culpable homicide

The development came two days after the police launched its probe based on an accident death report to ascertain why the barge allegedly failed to adhere to safety norms despite warnings of the impending Cyclone Tauktae which wreaked havoc on the country’s west coast last Sunday onwards.

Besides culpable homicide not amounting to murder, the barge Master and others are also charged with common intentions, negligent acts causing hurt to others, etc., said Mumbai Police Spokesperson and Deputy Commissioner of Police S. Chaitanya.

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Upstream Security raises $36M from Mitsui Sumitomo Insurance to disrupt the telematics insurance space

The strategic partnership with MSI will help revolutionize the car insurance industry, allowing insurance companies to use connected vehicle data to gain meaningful insights for various insurance-related areas including improved risk management and enhanced customer experience.

The rapid growth of the connected car ecosystem has brought along with it an increased interest in telematics-based services. Upstream’s cloud-based mobility data platform expands MSI’s data analytics capabilities and enables MSI to provide additional risk-related services based on driver usage and behavior.

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Will bankers embrace sensors under their desks when they return to work?

But not everyone can return at once: banks will have to extend practices like those used for small teams of traders during the pandemic. Shifting rotations of people will pass through giant buildings on different days, without clustering in the same areas on the same floors, to avoid spreading COVID-19. Some of the banks are implementing systems where employees will book “hot seats” on particular days and be monitored while they are sitting at them, sources said.

In some buildings, that could mean cameras that monitor a room’s occupancy level and even sensors that tell building management whether someone is sitting at a desk. “That feels a little personal,” one bank employee said about desk sensors.

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Miscalculations may have ended ONGC vessels in cyclone whirlwind: Report

A drillship of Oil and Natural Gas Corporation (ONGC) and three barges of private contractor Afcons working on the state-owned firm’s oilfield went adrift after their anchors gave away in the storm on Monday night.

A massive day-night operation by the Indian Navy, Coast Guards and ONGC vessels helped save those on the drillship and two barges, but only 186 out of 261 onboard accommodation barge Pappa 305 could be rescued. 37 persons are confirmed dead so far, while the remaining 38 are still missing.

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Long working hours raises death risk from heart disease, stroke

“Teleworking has become the norm in many industries, often blurring the boundaries between home and work. In addition, many businesses have been forced to scale back or shut down operations to save money, and people who are still on the payroll end up working longer hours. No job is worth the risk of stroke or heart disease. Governments, employers and workers need to work together to agree on limits to protect the health of workers,” Ghebreyesus added.

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IT Ministry directs WhatsApp to withdraw new privacy policy: Govt sources

The IT Ministry believes that the changes to WhatsApp privacy policy and the manner of introducing the said changes undermines the sacrosanct values of informational privacy, data security and user choice and harms the rights and interests of Indian citizens, government sources said.

The government has given seven days to WhatsApp to respond to the notice and if no satisfactory response is received, necessary steps in consonance with law will be taken, sources informed.

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HX launches in Asia to bring its data, digital and analytics capabilities closer to clients and carriers across the region

Goh Chye Huat, CEO, Howden Asia, said: “Our businesses across Asia have experienced tremendous growth over recent years.  We have reached a scale where it is vital to have a market-leading engagement and distribution strategy.  HX’s data and analytics capabilities are unrivalled in the market and we are delighted to have that offering available for our clients and colleagues in Asia.”

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