``Black Sea war rates were extremely volatile and were changing on...
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Risk Management
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Natural Disasters in 2025: Alarming rise in floods, severe convective storms and wildfires
Tobias Grimm, Munich Re’s Chief Climatologist: “A warming world...
Russian-bound tanker hit by drone in Black Sea, maritime sources Say
In late November, shipping insurance rates rose after Ukrainian...
RBI issues directions on AePS operators onboarding to enhance security
The RBI has asked the acquiring bank to carry out due diligence of all ATOs before onboarding the AePS Touchpoint Operator (ATO), which is the same as the one followed while acquiring a customer, as per the directions. Mumbai: The Reserve Bank on Friday issued...
Gen Z embraces insurance early, warm up to Gen AI for research, finds out Policybazaar survey
The survey reveals a growing curiosity, early purchase consideration and a digital-first behaviour among India’s younger cohort - the Gen Z - with distinct patterns emerging between health and term insurance Policybazaar’s latest survey on Insurance Awareness Day...
DoT proposes changes in cyber security rules to curb frauds by misusing phone numbers
The draft cyber security rules published on June 24 proposed to create a new platform for phone number validation and also includes those entities that use phone numbers to identify customers like banks using phone numbers for UPI transactions New Delhi:The Department...
Cyberattack disruption at London hospitals contributed to patient death
“We are deeply saddened to hear that last year’s criminal cyberattack has been identified as one of the contributing factors that led to this patient’s death,” said Synnovis Chief Executive Officer Mark Dollar in a statement A cyberattack that caused disruption at...
Over 8.5 lakh mule accounts in 700 bank branches used by cyber criminals CBI
The CBI has found that these mule accounts -- established using falsified identification documents -- were primarily used as conduits for siphoning funds from unsuspecting victims. New Delhi: The CBI has detected 8.50 lakh mule bank accounts in over 700 branches...
Himachal flash floods: Search operation to find missing people intensified
In Kangra district, around 15-20 workers stationed at a labour colony near the Indira Priyadarshini Hydroelectric project site were feared swept away following a surge in water level in Manuni Khad in Khaniyara village. Two people died due to the flash flood at the...
Clean energy assets face climate risks, Zurich Insurance Says
Roughly 46% of Europe’s total renewable generation capacity will be at “critical risk” from the fallout of climate change unless owners do more to protect existing and planned assets, according to a report by Zurich Resilience Solutions, a unit of Zurich Insurance...
No compromise on safety, Minister on helicopter accidents on Char Dham Yatra route
"Since it is a hilly area, the air traffic management is challenging as there is no signal there. That is why we are looking for innovative solutions so that we can have better air traffic control," he told reporters on the sidelines of the Helicopters & Small...
EV-carrying ship that caught fire in Pacific ocean has sunk
Demand for lithium-ion batteries, including in EVs, is bringing a new risk to the global shipping industry, particularly given the value of the vehicles on board the largest car-carrying vessels, according to a report last month by insurance giant Allianz. .A ship...
Secondary perils emerging as a big opportunity, Need data and good models to deal with them, says Swiss Re
Beat Strebel,CEO, China, Swiss Re These lesser understood risks are increasingly becoming a source of insurance payouts as extreme weather events lead to billions in economic losses. Traditionally, reinsurers — which provide coverage to insurance companies — haven’t...