Globally, reinsurers are on track to produce a combined ratio near...
Category:
Risk Management
Latest
Commerce min plans to expand food testing infrastructure to boost exports Official
"Though we have taken a number of measures, we are doing a deeper...
Commercial aviation suffers deadliest year since 2018
The spike in fatalities marks a reversal from 2023, which became...
Swiss Re announces ambitious climate targets; accelerates race to net zero
Swiss Re’s Group Chief Executive Officer Christian Mumenthaler said: “Climate change remains the biggest challenge we face as a society. The stakes are high and require immediate attention. Signing up to net-zero emissions by 2050 and setting concrete climate targets are important first steps. What needs to follow now is action. We are moving ahead in all areas of our business to accelerate the transition towards net zero.“
SBI, ICICI, HDFC, Axis Bank, PNB and the Indian IT department targeted in phishing scam
The suspicious links originate from the US and France, said the report, adding that the campaign is collecting personal as well as banking information from the user and getting into this type of trap could cause a massive financial loss for the users.
Govt to take care of job loss, other facilities in strategic divestment: Thakur
Four sectors of atomic energy, space and defence; transport and telecommunications; power, petroleum, coal and other minerals; and banking, insurance and financial services would be strategic sectors. The rest will be non-strategic sectors, he said.
Social media platforms’ staff not been threatened of jail term: IT Ministry
Reacting to reports that alluded to Facebook, WhatsApp and Twitter employees being threatened with jail term, the Ministry said social media platforms are “obliged to follow the laws of India and the Constitution of India, just like all other businesses in India have to.”
“The government welcomes criticism and dissent. However, of late, repeated instances of abuse of social media to foment hate, discord and violence by terrorist groups from outside India and circulation of morphed images of women, revenge porn posing threat to the safety of users especially women users have become grave concerns,” it said.
DGCA monitoring 737 Max performance, re-certification to take time
The Boeing 737 Max aircraft was grounded worldwide in 2019 after two fatal crashes.
In India, SpiceJet is the only operator of Boeing 737 Max aircraft. It has 13 such aircraft in its fleet.
Kumar said India’s aviation safety ranking is expected to improve as the International Civil Aviation Organisation will conduct an audit of the sector in the coming months.
10 Years After Nuclear Disaster, How Dangerous Is the Fukushima Plant?
The plant’s operator, Tokyo Electric Power Co., says the tsunami couldn’t have been anticipated, but reports from government and independent investigations and recent court decisions described the disaster at the plant as human-made and a result of safety negligence, lax oversight by regulators and collusion.
Bank operations may be hit on Mon, Tue due to nationwide unions’ strike
UFBU, an umbrella body of nine unions, in a statement claimed that about 10 lakh bank employees and officers of the banks will participate in the strike.
Many public sector lenders, including State Bank of India (SBI) have informed their customers that their normal working could be affected at the branches and offices if the strike materialises.
Microsoft says ransom-seeking hackers taking advantage of server flaws
In Germany alone, officials have said that up to 60,000 networks remained vulnerable. All manner of hackers have begun taking advantage of the holes – one security firm recently counted 10 separate hacking groups using the flaws – but ransomware operators are among the most feared.
Deboard air passengers not wearing mask ‘properly’ despite warnings: DGCA
The DGCA said it has been noticed that some travellers undertaking air journey do not adhere to “COVID-19 protocols”, which essentially involve wearing of masks properly — not below the nose, right from entering the departing airport to exiting from the arriving airport.
German ‘insurtech’ Wefox plans risk-prevention product
Using data from mobile phones or digital smart homes will make it possible to warn of looming danger, for example, to drivers from poor road conditions, or from leaving a window open at home when a storm is looming.
The risk prevention product will not crunch personal data to price Wefox’s products – a common complaint among younger drivers who often have to agree to digital surveillance to get an affordable insurance deal.