Prime Minister Narendra Modi Emphasising on ethical use of AI with...
Category:
Risk Management
Latest
Sebi urges investors to deal with only registered persons & entities
"The information about authentic persons or institutions registered...
Commerce secretary meets other department officials to discuss trade finance issues of exporters
Sunil Barthwal, Commerce Secretary The issues which figured in the...
Govt bans 118 more mobile apps, including PUBG
It said the IT Ministry had received complaints from various sources, including several reports about misuse of some mobile apps available on Android and iOS platforms for stealing and surreptitiously transmitting users’ data to servers outside India.
North Korean hackers ramp up bank heists: U.S. government cyber alert
“North Korean cyber actors have demonstrated an imaginative knack for adjusting their tactics to exploit the financial sector as well as any other sector through illicit cyber operations,” Bryan Ware, a senior cybersecurity official at the U.S. Homeland Security Department, said in a prepared statement.
Cybersecurity experts and foreign policy analysts have said these types of hacking operations are conducted to help fund the North Korean government, which is cash-strapped due to expansive sanctions continuously placed on it by the U.S. and other western countries.
Uber Vows Better Disclosure of Safety Data on Self-Driving Cars
The National Transportation Safety Board voted in 2019 that the probable cause of the crash was “the failure of the vehicle operator to monitor the environment and the operation of the automated driving system because she was visually distracted throughout her trip by her personal cellphone.”
The board also cited three shortcomings by Uber: the company’s inadequate safety risk assessment procedures; ineffective oversight of vehicle operators; and lack of adequate mechanisms to address complacency by operators as the cars drove themselves.Voluntary Approach
US Safety Agency offers App for alerts on vehicle recalls
Last year, 53 million vehicles, car seats, tires and equipment were recalled, according to the agency.
Climate change bigger economic risk than Pandemic, ECB’s Schnabel says
With climate change posing an even bigger risk, the ECB must keep this issue high on its agenda as it reviews its policy framework, Schnabel told Reuters in an interview.
“Climate change is probably the biggest challenge we are facing, much bigger than the pandemic,” Schnabel said.
“Even though this health shock was entirely unrelated to monetary policy, it nevertheless has huge implications for monetary policy,” she said. “The same is true for climate change and this is why central banks cannot ignore it.”
COVID-19: Nestle says consumer behaviour changing, essentials ”taking precedence” over luxury
“The words quality, safety, nutrition and trust have undergone sharper re-definition and consumers tend to favour ‘tried and tested’ brands and relationships formed herein,” the CMD said. There is a new word that has been added to the lexicon of consumer needs in the pandemic, which is ‘immunity’ for self and the family, said Nestlé India chairman Suresh Narayanan .
Climate change to drive large future Cat losses
It’s a mess at least partially of our own making, said Susan Cutter, director of the Hazards and Vulnerability Institute at the University of South Carolina.
“We are seeing an increase of intensity of these phenomena because we as a society are fundamentally changing the Earth and at the same time we are moving to locations that are more hazardous,” Cutter said Wednesday.
Global reinsurers report weak half-year earnings as coronavirus claims intensify:Moody’s
Coronavirus-related claims increased significantly during the second quarter
Ongoing uncertainty regarding business interruption claims as policy forms and contract litigation vary
Pandemic related mortality losses in life reinsurance are rising
World Bank holds release of Doing Business report over data irregularities
“A number of irregularities have been reported regarding changes to the data in the ‘Doing Business’ 2018 and 2020 reports published in October 2017 and 2019. The changes in the data were inconsistent with the ‘Doing Business’ methodology,” a statement, World Bank Group said
IRDAI asks applications for the 2nd cohort of the Regulatory Sandbox
The window for filing of applications shall open on 15thSeptember, 2020 and close on 14th October, 2020.
The IRDAI has created a Regulatory Sandbox whose objective is to use innovative ideas to foster growth and increase the pace of most innovative companies, in a way that provides flexibility in dealing with regulatory requirements and at the same time focussing on policyholder protection.