Global insurance premiums are set to grow by 2.3% in real terms in...
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Red Sea Crisis: Google and Meta delay undersea cable projects
The southern Red Sea segment of 2Africa hasn’t yet been built due...
SBI chief pitches for national financial grid to check frauds
Speaking at the CII Financing Summit in Mumbai , SBI Chairman CS...
Govt clears ‘Mission Mausam’ with an outlay of Rs2,000 cr for transformative initiatives on climate-related science
The mission's focus will include improving observations and understanding for providing highly accurate and timely weather and climate information across temporal and spatial scales, including monsoon forecasts, alerts for air quality, extreme weather events and...
Squatter demands Rs 50 crore to vacate Bima Sugam’s domain name
Details like, when exactly he developed the site, whether he knew about IRDAI’ Bima Sugam project by the time he started developing the website, which is being talked about for almost last two years, what activities he was undertaking through the site, are not known...
Cybersecurity professionals limited, big challenge for future: SBI chief Setty
CS Setty,Chairman,SBI "But we also feel that the professional support for many of the cyber security activities is limited one. I think that's going to be a big challenge going forward," said Setty, who took over as the chairman of the country's largest lender late...
Cyber Protection: Public-private action to bridge gap and boost resilience
Mario Greco, Group Chief Executive Officer, Zurich Insurance Group, said: “The threat of cyberattacks poses a significant risk to both societal and economic stability. As insurers, we can offer some degree of protection, but we must acknowledge that large-scale,...
GM to face big class action over faulty transmissions
Drivers said the vehicles shudder and shake in higher gears, and hesitate and lurch in lower gears, even after repair attempts. They also accused GM of telling dealers to provide assurance that harsh shifts were “normal.” General Motors was ordered by a federal...
HP to continue $4 billion damages case against Mike Lynch
HP had bought Autonomy for $11.1 billion in 2011 in one of the UK’s biggest tech deals. But in late 2012 the company said it had discovered a massive accounting scandal at the British tech firm Hewlett Packard said Monday it would continue legal proceedings to seek up...
Average annual NatCat losses for global insurance industry reaches new high of $151 billion: Verisk
“While actual annual insured losses over the past five years have been high, averaging $106 billion, they should not be seen as outliers,” said Rob Newbold, president of Verisk Extreme Event Solutions BOSTON, MA: Verisk, a global data analytics and technology...
Prasun Sikdar set to become the first CEO of Bima Sugam
Prasun Sikdar,MD & CEO designate, Bima Sugam India Federation Sources point out that a formal decision to appoint Sikdar, who is already a board member of the Bima Sugam India Federation, as the CEO of the company has been taken by the IRDAI in consultation with...
Gen insurers sue govt for being ordered to fund treatment of accident victims of uninsured vehicles
To the consternation of the general insurers, who do motor business, the Ministry of Road Transport and Highways had issued a directive under Motor Vehicle Accident Fund scheme saying that the insurers have to even fund the cashless medical care of victims of...
New SHe-Box portal to create workplace safer, more inclusive for women
Annapurna Devi, Union Ministrer, Ministry of Women and Child Development All women facing sexual harassment in the workplace, irrespective of being in organised or unorganised, private or public sector, can register a complaint and track it using the portal. Once...