Ajay Seth, chairman, IRDAI ``Evolving expectations of customers and...
Category:
Risk Management
Latest
Airbus, Air France convicted of corporate manslughter over 2009 Atlantic Crash
Airbus and Air France both said they would appeal to France’s...
West Asia Crisis:In a first New India unveils War Cover for India Inc with its Fire policy
`By introducing this dedicated add-on, which integrates with our...
Asia heatwaves compound economic strain amid oil shock
“Food inflation in Asia is set to rise in 2026,” said Adam Ahmad Samdin at Oxford Economics. “The combination of geopolitical risks, fertiliser market disruptions, and climate uncertainty suggests that overall food inflation risks are likely to remain elevated over...
Sabotage,Cyber threats rattle Europe’s power grid
Under the EU’s new defense spending ambitions, about €250 billion is intended for areas like cybersecurity and critical infrastructure, according to lobby group Eurelectric. It wants some of that pot allocated to energy safety and protection. The helicopter flying...
Financial Stability Risks:Artificial Intelligence fuelling Cyberattacks
Anthropic’s Claude Mythos Preview highlights rapidly escalating AI-driven cyber risks, with the model able to identify and exploit vulnerabilities across major systems even in non-expert hands.This signals how quickly such threats could extend beyond technology and...
FM launches new insurance policy for manufacturers
“FM Essential brings together engineering insight, data analytics and competitive risk transfer capabilities to help manufacturers navigate complexity and focus investment where it has the greatest impact.” Alex Tadmoury, executive vice president, International, at FM...
Banks must prepare for cyber threats posed by AI models like Mythos: Nagaraju
Referring to cyber security concerns, he said Anthropic Mythos AI model has advanced capabilities to identify and potentially exploit systems, and added that it has raised alarm bells among regulators because of the vulnerabilities in legacy banking technology...
SEBI sets up ‘cyber-suraksha.ai’ task force amid rising AI-driven cyber risks
"The rapid evolution of emerging technologies including AI-driven vulnerability identification tools (E.g. Claude Mythos) has introduced new dimensions of risks for Regulated Entities," SEBI said in the circullar. New Delhi:Market regulator Securities and Exchange...
Oil trader’s lawsuit exposes fragility in global freight pricing system”
The case is the latest example of how oil traders and shippers are struggling to adjust to the disruption wrought by the near-closure of the Strait of Hormuz, with executives and lawyers already predicting a slew of legal disputes. A legal claim from one of the...
QatarEnergy extends force majeure on Edison LNG supply to early July
Based on the information received so far, Edison now expects a reduction in future deliveries from QatarEnergy of around one third of the annual contracted volumes, before taking into account any potential mitigation actions, the utility said. MILAN: QatarEnergy has...
Berkshire taps Charlie Shamieh to succeed Ajit Jain as insurance chief, WSJ reports
Charlie Shamieh,chairman, Gen Re Berkshire owns reinsurer Gen Re, where Shamieh has served as chairman since 2018. Before that, he held leadership positions at AIG Berkshire Hathaway has selected Gen Re Chairman Charlie Shamieh as successor to longtime insurance...
Geopolitical and legal volatility accelerates for insurance buyers:Aon says
“Conflicts, supply‑chain disruption and sanctions exposure are testing policy language, capacity and claims assumptions simultaneously. Organizations that stress‑test their programs now will have far more options than those forced to react later, Joe Peiser, CEO of...