The plane caught fire after skidding off the runway at Kathmandu...
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CrowdStrike Chaos: (Re)Insurers could withstand preliminary loss estimates, says Fitch
``We expect claims will be mostly within the retentions of primary...
US, European regulators sign joint statement on effective AI competition
Generative AI has rapidly evolved in recent years and the...
“Cloud-based office solutions under increasing attack”
More and more organizations are turning to cloud-based solutions but, when a business email account is hacked, they find that the system’s default settings are inadequate to show the extent to which emails have been compromised.
Rapid tech advances outpacing risk management:MARSH/RIMS
“Emerging technologies like AI, blockchain, and IoT are fast becoming the new normal, yet risk management is not keeping up,” said Brian Elowe, chief client officer, North America, Marsh. “Only by asking questions and understanding the underlying technologies and their uses throughout the organization can risk professionals truly appreciate their risks and respond accordingly.”
CVC wants details of frauds from banks to devise preventive mechanism
“So we have started to collect data. We have got some portion of data. The remaining data is yet to come. We have analysed, I think about 100 cases and have tried to see whether they fall into a particular pattern,” Chowdary said
Sharing economy: massive risk potential remains unrealised, Lloyd’s Report
The sharing of assets and services creates new opportunities but also new risks. It can be difficult for traditional insurance coverages to be applied to disruptive sharing economy models as assets are fragmented – owned and shared amongst users – and new multi-party relationships between platforms, providers and consumers draw further questions around who is ultimately responsible for managing and mitigating risk.
India should take steps to ensure privacy in biometric identification programmes: IMF
“A court decision is still pending on its compliance with the right to privacy. In a recent data breach in India, it has been reported that 135 million Aadhar numbers were compromised, underscoring the importance of sound privacy measures,” it added.
Water taps may completely dry up in India, warns study
Drastic conservation measures have forestalled that moment in South Africa, but dozens of other countries face similar risks from rising demand, mismanagement and climate change, say the World Resources Institute (WRI).
Political risk and violence, terrorist attacks on the rise:AON
Last year political risk increased in eleven countries, compared to only two countries that saw reduced risk, showing the persistence of political risk across the globe, highlighted by increases in political violence and supply chain disruption. Many countries’ risks of supply chain disruption have risen due to both climate shocks and weakening fiscal positions.
Safety violations in Indian skies down in 2017
"There are 352 number of violations of safety norms by airlines in 2016 whereas 269 numbers of violations were reported in 2017. Therefore, the number of safety violations has reduced in 2017 as compared to 2016,"Minister of State for Civil Aviation Jayant Sinha told...
Allegations against ICICI Bank pose reputational risks: Fitch
Analysts point out that ICICI Bank, India’s largest private sector bank has the Directors and officers(D&O) liability Insurance of substantial amount. The D&O policy provides cover for the personal liability of Directors and Officers arising due to wrongful acts in their managerial capacity. Defence costs are also covered and are payable in advance of final judgment.
Indian investors concerned about data, confidentiality breach by investment adviser: Survey
“The survey shows growing concern among Indian investors who said they have already left or would consider leaving investment firms as a result of a data or confidentiality breach (41 percent), underperformance (39 percent), and lack of communication (37 percent),”