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Japan:Businesses navigating rapidly changing market and geopolitical volatility
Tatsuya Yamamoto, CEO of Japan at Aon, said, “Japanese...
Data-driven governance and research critical for resilient securities markets: SEBI Chairman
He highlighted that while artificial intelligence and advanced...
Nuclear-powered ships may reshape trade with cleaner, faster transport, to pose problems for insurance
Commercial insurance companies won’t provide coverage for ship that runs on fission because the potential cost of a nuclear accident is simply too high. Without insurance, few civilian ports would allow a nuclear-powered cargo ship to dock The commercial shipping...
ECB embeds climate risk to its supervisory approach on bank losses
The ECB is moving faster than other central banks in treating the fallout from climate change as a financial risk that has the potential to threaten bank solvency. That’s in contrast to the Federal Reserve, with Chair Jerome Powell recently stating that climate isn’t...
Israel-Iran Conflict: War risk insurance premiums for shipments to Israel spurt
Individual underwriters will price risk and rates differently, but this will add tens of thousands of dollars of extra daily costs for every voyage War risk insurance premiums for shipments to Israel are as much as three times higher than a week ago as the war between...
Strengthen password update software question the unusual Google cybersecurity pro on online safety
Heather Adkins, Vice President of Engineering, Google Security Reports show a significant surge in cyber fraud, with scammers leveraging advanced techniques like AI-generated content, deep fake videos, and voice cloning to create highly convincing fraudulent schemes....
By 2027, 50% of business decisions will be augmented by AI agents for decision intelligence: Report
Gartner's key predictions include a significant increase in business decisions augmented or automated by AI agents, a direct correlation between executive AI literacy and higher financial performance, and potential critical failures in managing synthetic data that...
DGCA says no ‘major safety concerns’ on Air India’s Boeing 787 fleet
It advised the airline to strengthen internal coordination across engineering, operations, ground handling units and ensure availability of adequate spares to mitigate passenger delays resulting from such issues and strictly adhere to regulations. New Delhi: After...
Air India’s Ahmedabad crash claim likely to hit around $475 million, liability losses can touch $350 million, says GIC Re
As surveyors and lawyers from London, appointed by reinsurers of Air India policy, are now camping in Ahmedabad to take stock of devastation and prepare various loss reports including Hull and passenger liability so that re/insurers will start paying...
Iran-Israel war could hurt exports; increase insurance costs: Exporters
"The war will further hurt global trade. The situation was gradually improving but now again the trade will be impacted. Our exports to Europe and countries like Russia may get hurt. Freight rates and insurance are expected to increase," Federation of Indian Export...
Tesla’s public robotaxi rides set for tentative June 22 start, CEO Musk says
Commercialising autonomous vehicles (AV) has been challenging with safety concerns, tight regulations and soaring investments, and many have been skeptical of Musk's plans SAN FRANCISCO: Tesla tentatively plans to begin offering rides on its self-driving robotaxis to...
Ships warned to avoid Red Sea, log Hormuz voyages after Israel hits Iran
“We have reports that more ship owners are now exercising extra caution and are opting to stay away from the Red Sea and the Persian Gulf,” said Jakob Larsen, chief safety & security officer with shipping association BIMCO. Merchant shipping is continuing to pass...