Organizations worldwide are also working to patch critical flaws in...
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BlackRock’s 15th-annual survey: Inflation risk remains the most cited macro concern for insurers
Mirroring broader headlines across industries, insurers continue to...
Guidewire to buy UK insurance AI firm hyperexponential in deal worth up to $2.1 billion
“Insurance is a distinctly complex industry, where the quality of...
Companies experience sharp increase in business interruption losses, says Allianz
According to a new analysis from Allianz Commercial, the average total value of a business interruption claim now exceeds €850,000. This is around 70% higher than the corresponding average property damage claim of close to €500,000, demonstrating that the financial...
RBI backs IRDAI on distribution reforms
“It is primarily, I think, to consumer interest, to reduce costs and also at the same time to prevent mis-selling,” said RBI Governor Sanjay Malhotra . Mumbai: RBI Governor Sanjay Malhotra has insurance regulator IRDAI's proposed distribution reforms, saying the...
Businesses boost risk management spend but resilience gap remains;Hiscox report
Kate Markham, Hiscox London Market CEO, said: “Our research highlights a growing resilience gap. While organisations are investing more in risk management, many still lack the structures, visibility and capabilities needed to understand how disruption spreads across...
UNDP and Generali Central launch insurance innovation challenge to strengthen MSME resilience in India
Angela Lusigi, Resident Representative, UNDP India India’s more than 73 million MSMEs contribute about 30% of the country’s GDP and 44% of its exports, while employing 60% of its workforce (SIDBI, 2025). Yet climate shocks, supply-chain disruption, workplace risks and...
AI asset valuations pose global risk, but cyber threat biggest concern for central banks: RBI Governor
``I think for us as central bankers, the most significant of these is cyber risks.The growing use of information technology across financial systems and the increasing interconnection between financial institutions were adding a new dimension to cyber risks from...
RBI may hike interest rate further in December policy: Experts
The inflation prints are expected to harden moving forward, on account of a combination of factors such as the poor monsoon, rising commodity prices and an unfavourable base effect, setting the stage for another rate hike in December as of now, ICRA Chief Economist...
World faces risk cocktail from AI, oil and debt, says IMF chief
“The AI building boom is inflationary. The energy and food shocks are inflationary. Tariffs, defense spending, and high public debt can be inflationary,” Georgieva said. She called for a “prudently hawkish bias” on the part of central banks, and said countries that...
UK watchdog opens first Online Safety Act probe into Meta
Ofcom said its investigation would establish whether Meta carried out a “suitable and sufficient” assessment of the risks of illegal content on the feature and any risks posed to children before its launch. London:Britain’s communications regulator opened its first...
South Korean president orders probe into data leaks across financial industry
Lee Jae Myung, President,South Korean “The entire financial sector should carry out swift and thorough security inspections,” Financial Services Commission Chairman Lee Eog-weon said in a statement Sunday, after an emergency meeting with executives from financial...
War, Cyber attack could trigger next financial crisis:RBI
The governor was highlighting a new generation of systemic risks that are increasingly “exogenous” in nature, underscoring the need for regulators to look beyond traditional sources of financial instability. New Delhi:The next financial crisis could originate from a...