Category:

Risk Management

SBI Life bags RIMS first India ERM award

SBI Life’s ERM initiatives have improved processes that identify patterns and indicators to recognize fraudulent claims. Additionally, the risk management team’s efforts support cross-departmental collaboration that allows for a more accurate assessment of customer insurability

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Draft Brexit deal ends Britain’s easy access to EU financial markets

Britain’s decision to leave the EU has undermined London’s position as the leading international finance hub. Britain’s financial services sector, the biggest source of its exports and tax revenue, has been struggling to find a way to preserve the existing flow of trading after it leaves the EU.Many top bankers fear Brexit will slowly undermine London’s position. Global banks have already reorganized some operations ahead of Britain’s departure from the European Union, due on March 29.

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Cyber-attacks, volatile weather top risks for India Inc:Marsh-RIMS study

In fact, some 88 per cent of the survey respondents – representatives of C-suites, executives, and risk professionals across 19 industries – identified cyber-attacks as the top-most risk. This was followed by data fraud or theft (85%), volatile weather (84%), severe energy price shock (81%) and major financial failure (81%) among the other top risks for India Inc.

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IndiGo upgrades 125 orders of A320neo jets for a bigger sister model

Indigo, one of the few Indian carriers with enough cash to aggressively expand, has been mapping out a way to build a long-haul, low-cost business taking passengers from places like New Delhi to London, with a stop in, say, Istanbul. It’s been weighing whether to place an order for Airbus’s A330neo or Boeing Co.’s 787 wide-bodies, but the bigger narrowbodies it just converted to could help satisfy that requirement — especially if the carrier opts to take the longer-range A321 variant.

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Italy’s Generali to stop insuring new coal plants

Generali’s action, which comes ahead of a United Nations climate change conference in Poland in December, is the latest by a big insurance company that targets the coal industry as part of efforts move towards a lower carbon economy.In late 2017, French insurer AXA said it planned to disinvest further from the coal industry. Others that have taken steps include Scor, Swiss Re and Zurich Insurance.

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