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PM calls for global framework on cyberfraud, deepfakes; asks govts, telcos, financial cos to team up
Narendra Modi,Prime Minister Modi flagged the growing challenge...
Companies experience sharp increase in business interruption losses, says Allianz
According to a new analysis from Allianz Commercial, the average...
Financial fragmentation could amplify shocks across global insurance markets: Geneva Association report
Jad Ariss, managing director of the Geneva Association, said, "The global economy is entering a new phase in which geopolitical considerations are playing a greater role in shaping financial markets. For an industry built on international risk sharing and long-term...
Aon launches CyQu marketplace for better cyber risk management
“As cyber threats continue to evolve, determining where to focus resources and which actions will have the greatest impact on reducing risk and supporting broader risk financing objectives has never been more critical. CyQu Marketplace helps clients prioritize risk...
BIS says global market AI momentum showing signs of vulnerability
“What we are most concerned on in this (AI) area is the rapid increase in debt and leverage,” head of economic analysis of BIS, Frank Smets, said. “And the fact that many of these financing deals are quite opaque. They’re often off balance sheet. They have sort of...
AI Data centers are on track to fuel ‘Explosive’ growth in Captive Insurance
AM Best, an insurance-focused credit rating firm, says the roughly 150 US captives it rates generated more than $8 billion in savings over the past five years. The ability to turn insurance from “a pure cost center into a potential profit center” is the corporate...
Meta to report child safety cases directly to India’s cyber crime portal amid govt crackdown
"To collectively strengthen our efforts to combat this harm, Meta will now report child safety matters directly to the cybercrime portal managed by I4C," the spokesperson said. New Delhi:Amid a government crackdown on child sexual abuse and other harmful content...
BRICS moves to build reinsurance allince, places climate and disaster resilience high on agenda
Hitesh Joshi,CMD, GIC Re Russian President Putin proposed a new insurance mechanism and a collaborative grain market initiative for BRICS nations. Iranian President Masoud Pezeshkian, called for the creation of a BRICS reinsurance company with initial capital of $10...
India to pursue Seafarers’ Emergency Support Network, confident of global backing: MEA
Sudhakar Dalela, Secretary (ER), Ministry of External Affairs The proposal assumes significance amid heightened geopolitical tensions and disruptions along key maritime routes and energy chokepoints, highlighting the need for greater international coordination to...
“I think that will happen”: OpenAI CEO Sam Altman hints at safety pact with other AI companies
Sam Altman,Chief Executive Officer,OpenAI Urgency has mounted following recent security breaches involving autonomous agent swarms compromising platforms like Hugging Face and covertly exchanging data across disused digital repositories. Compounding these pressures,...
“Exponential growth of AI a warning sign”: Anthropic CEO Dario Amodei continues push for AI safeguards
Dario Amodei,CEO,Anthropic Amodei then proposed a three-step plan for pacing the frontier and building AI at a balanced rate that aims to ensure its safety. These include; each frontier AI company committing to giving ongoing, employee-like access to a team of...
BRICS finance chiefs urge reform of global development financial institutions
"We continue to have serious concerns with the unilateral imposition of trade and finance-related actions, including the raising of tariffs and non-tariff measures, which distort trade and are inconsistent with World Trade Organisation rules," the finance chiefs'...