A new strain of the virus, known as clade Ib, has the world’s...
Category:
Risk Management
Latest
India saw 19.3 drop in particulate pollution in 2022 adding 51 days to life expectancy Report
Despite this improvement, the average resident in northern plains...
Complaint lodged for impersonating CJI D Y Chandrachud, seeking money
"Hello, I am CJI and we have urgent meeting of the collegium and I...
RMS releases underwriting tools deliver rapid, site-specific insights
Karen White, CEO of RMS, said: “We have listened to the market, and to our clients. We know that there are times when full in-depth analysis is essential and there are times when immediacy of information is paramount. With our expanding suite of data solutions, a consistent and superior view of risk from underwriting up to portfolio management is now possible. RMS Location Intelligence API and SiteIQ can deliver immediate results at the times when they are needed the most for our clients.”
Discovery of new risk with Boeing 737 to prolong grounding
The risk was discovered during a simulator test last week and it is not yet clear if the issue can be addressed with a software upgrade or will require a more complex hardware fix, sources with knowledge of the matter told Reuters.
US-bound Air India plane gets bomb threat, escorted to UK by fighter jets
“An Air India Boeing 777 diverted into London Stansted Airport at approximately 1015 and landed safely with Essex Police in attendance. It is parked on an isolated stand away from the normal airport operations,” the airport said.
Modi govt considers tougher rules for audit firms amid crack down on lapses
To stamp out conflicts of interest, the corporate affairs ministry is also weighing either a complete ban on non-audit services or limiting the revenue generation from consulting businesses such as advising companies on restructuring and valuing mergers, the person said, asking not to be identified as the information isn’t public.
Robots on track to wipe out a tenth of manufacturing jobs by 2030: Report
While automation should boost the economy as a whole, it is likely to create greater inequality as employment losses are concentrated in certain industries and countries. Manufacturing could lose 20 million positions by 2030, making the sector 8.5% smaller than “if robots were not remaking the market,” according to the research firm’s report.
Lloyd’s underwriters team up to “insure the uninsurable” with a £53m capacity
The market-led solution, led by senior underwriters from Tokio Marine Kiln, Beazley, MS Amlin, Talbot, Liberty Specialty Markets, Hiscox, Ascot, Chubb, Chaucer, Brit, Antares and Apollo will trial new types of insurance for complex and non-standard risks, including, but not limited to, intangible assets and supply chain risks, or mishaps caused by artificial intelligence.
Rivals ride rising rates as Lloyd’s abandons some ship insurance
Premiums for marine insurance, which until 2018 had fallen for years due to rising competition and lower claims, are increasing after a surge in catastrophe losses in the past two years and growing geopolitical tensions..
Universal smart card driving license on the anvil
This ministry through its flagship application called SARATHI (for driving licence) developed by NIC (National Informatics Centre) have a common countrywide database of all driving licence holders.
Only 26 per cent leaders in India fit to lead future businesses: Report
“With little opportunity to lead and a continuous flow of talent into the workforce, Indian organisations need to focus on identifying high performers and give them the opportunity to become self-disruptive leaders. Failing to do so could contribute to other countries’ ability to entice future leaders away,” the report stated.
84 pc of IMD’s subdivisions record deficient rainfall, 80 pc reservoirs have below normal storage
According to the Central Water Commission data, of the 91 major reservoirs in the country, 80 per cent have storage below normal. Of these, 11 have zero per cent storage, making the water crisis acute.