``We believe reinsurers can maintain profitability through rigorous...
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Climate, tech risks a threat to inflation targetting, says RBI Dy Gov Patra
Michael Patra, Deputy Governor, RBI Central banks face an...
PM Modi pitches for framing global dos don’ts for ethical use of technology
Prime Minister Narendra Modi Emphasising on ethical use of AI with...
RBI wants banks to overhaul their risk management system
The banks have to establish effective communication/coordination with the audit committee to facilitate the exchange of information, effective coverage of all risks, including emerging risks,reputational risks and any needed adjustments to the risk governance framework of the bank,.
Aon’s partners with GK8 for providing insurable digital-asset storage tech
“We have worked hard to demonstrate the validity of GK8’s solution to insurers so that the company’s clients can benefit from pre-negotiated insurance coverage to protect the digital assets in their care, custody, or control,” says Tom Davis, Client Director of Aon UK Ltd.
Lloyd’s new API enhances and simplifies electronic placement
Jennifer Rigby, Chief Operations Officer and Executive Sponsor of the Future at Lloyd’s, said:“This is an exciting new development that will enhance and simplify the flow of electronic placement data across the market, as we continue to progress the development of the next generation version of PPL. At Lloyd’s we want to make digital solutions that deliver better outcomes for our customers in a way that benefits the entire market. We are committed to sharing these benefits as quickly as possible using an open source framework that engenders even greater collaboration and engagement across the Lloyd’s ecosystem.”
ICICI Lombard launches Rs 5 lakh domestic multi-trip cover for an anuual premium of Rs 499
For domestic travelers who may be worried about stepping out during the COVID-19 pandemic, this unique, all-in-one insurance product offers a comprehensive bouquet of benefits that cover losses arising from trip cancellations, home burglary while travelling, missed connecting flights, lost baggage and more
IBM gets out of facial recognition business
The company will stop offering facial recognition software and oppose any use of such technology for purposes of mass surveillance and racial profiling, Krishna said.
Emerging market corporate credit quality down but not out
“This is almost like the Spanish Flu and the great recession combined,” Luis Alberto Moreno, president of the Inter-American Development Bank, said of the situation last right? week.
Coronavirus Situation “Worsening” Worldwide: WHO
After East Asia, Europe became the epicentre of the disease, but has now been overtaken by the Americas.
“Although the situation in Europe is improving, globally it is worsening,” WHO chief Tedros Adhanom Ghebreyesus told a virtual news conference in Geneva.
Eelectric Cars:Emerging risks and claims scenarios for manufacturers,suppliers and insurers
“From supply chain networks to production processes to the product itself – the automotive industry will have to respond to many emerging risks to make the transition to electric vehicles happen,” says Daphne Ricken, Senior Underwriter Liability at AGCS. “The anticipated growth of electric cars brings the prospect of new defect or performance issues; more expensive repair costs; new fire and cyber threats; and even reputational issues around sustainable sourcing and disposal of critical components and raw materials for batteries.”
BA, Ryanair, easyJet protest over ‘wholly unjustified’ UK quarantine plan
With planes around the world grounded since late March, airlines had hoped to start flying from July, but bosses say quarantine measures will hamper that recovery.
From June 8, almost everyone arriving in Britain will be required to self-isolate for 14 days and to fill in a contact form with details of their accommodation.
Describing itself as a “pre-action protocol letter,” meaning it could be followed by legal action, the letter from British Airways, Ryanair and easyJet said the government had failed to justify the blanket nature of the regulations.
Self-driving sector contends its cars can prevent many more crashes than insurance study says
Jack Weast, vice president of autonomous vehicle standards at Intel Corp’s Mobileye, in an interview on Friday said the auto industry was assembling a vast list of likely road scenarios and human behavior that every driverless car should be able to navigate safely. Government agencies and insurance companies are part of that process, Weast said.