Tracey Crowe, General Manager for Claims and Underwriting at AIA...
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Risk Management
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Andamans: Helicopter carrying 7 crashes into sea, all rescued
All five passengers and the two crew members, rescued from mid-sea,...
Issue of shortage of actuaries in industry needs to be addressed urgently:IRDAI Chairman
``The United States has more than 40 fellow actuaries per million...
Renewable Energy: Nat Cat and unmodelled extreme weather risks emerge as a defining challenge
A new report by GCube Insurance calls for action from insurers, developers, and financiers to close the global renewables risk management gap. This will involve enhancing data accuracy through updated Nat Cat modelling, optimising asset design to withstand emerging...
World’s biggest companies cause $28 trillion in climate damage: Study
Everybody's asking the same question: What can we actually claim about who has caused this? said Dartmouth climate scientist Justin Mankin, co-author of the study. And that really comes down to a thermodynamic question of can we trace climate hazards and/or their...
IMF slashes global outlook as White House says trade talks pick up pace
With tariffs on goods coming into the world’s No. 1 economy now at their highest in a century, the IMF projects global growth in 2025 will slow to 2.8%—its poorest showing since the COVID-19 pandemic—from 3.3% in 2024 Worldwide economic output will slow in the months...
Trump’s new tariff could shave off 0.5% points of India’s GDP: Finance Secy
"Second order (effects) would be important," said Finance Secretary Ajay Seth, referring to concerns that trade turmoil would slow global growth The direct hit from tariffs introduced by Donald Trump's administration on India could shave off between 0.2-0.5 percentage...
Trump tariff worries spur record overseas demand for JGBs
Overseas investors scooped up some 2.18 trillion yen ($15.49 billion) of JGBs with maturities of more than 10 years in March, figures released by the Japan Securities Dealers Association showed on Monday, the largest amount since the data series started in April 2004...
Asian scam operations are spreading across the rest of the world, UN researchers warn
UNODC estimates that hundreds of industrial-scale scam centers generate just under $40 billion in annual profits BANGKOK: Transnational organized crime groups in East and Southeast Asia are spreading their lucrative scam operations across the globe in response to...
Ratings: Crisil affirms New India, downgrades National Insurance and United India
NIA's rating is driven by the company’s leadership position in the Indian general insurance industry, its sound investment portfolio, healthy capitalisation and solvency position, and the strategic importance to and support derived from the parent, the Government of...
First shockwaves of Trump’s trade tariffs about to hit global economy
“Our new growth projections will include notable markdowns, but not recession.We will also see markups to the inflation forecasts for some countries. We will caution that protracted high uncertainty raises the risk of financial-market stress.”,” IMF Managing Director...
China tightens regulations on battery-powered vehicles for higher safety standards
The Ministry of Industry and Information Technology on Monday issued a set of technical standards for the batteries in electric vehicles and plug-in hybrids, which make up more than half of new car sales in the country China is tightening regulations on...
Govt issues alert about online frauds targeting pilgrims tourists
These frauds are being perpetrated through fake websites, deceptive social media pages, Facebook posts, and paid advertisements on search engines such as Google, the home ministry said in a statement New Delhi: The Indian Cyber Crime Coordination Centre, under the...