The report by Bengaluru-based Fairwork India, spearheaded by the...
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NSE Clearing warns investors, clearing members against fake communication
These fake circulars and letters, featuring the unauthorized use of...
The dark side of technology: AI-driven cyberattacks call for upgraded security measures
In September 2024, insurer firm Star Health experienced a...
Car crashes in world’s oldest nation spur changes by automakers
Last year, Toyota upgraded its Safety Sense offering. The technology is designed to prevent or mitigate frontal collisions as well as keep drivers within their lane. By using high-resolution cameras on the windscreen and bumper-mounted radars, it can detect oncoming cars or pedestrians — or even bicycles in daylight hours — and give audible and visual alerts. If drivers fail to respond, automatic braking may be deployed. The new software also has intersection functionality to help detect oncoming obstacles if a car is making a turn from a stationary position.
Liability insurance industry in Asia-Pacific to reach $33.4bn in 2023,says GlobalData
Manisha Varma, Insurance Analyst at GlobalData, comments: “The demand for D&O policies is driven by increasing risks from environmental, product recall and libelous claims. Increasing number of cybercrimes has driven the demand for cyber-insurance.”
Trump seeks to curb foreign cyber meddling on last day in office
“Foreign malicious cyber-actors threaten our economy and national security through the theft of intellectual property and sensitive data, and by targeting United States critical infrastructure,” National Security Advisor Robert O’Brien said in a statement.
European satellites could help catch the next climate change disaster
The new climate models also have the potential to help investors make better decisions. Storms, fires and floods killed at least 8,200 people and cost the world $210 billion in insured losses in 2020, according to a report published this month by Munich Re. Those damages could swell as the world inches closer to crossing the 1.5 degree Celsius warming threshold that scientists predict will lead to more frequent superstorms and higher sea levels.
Nord Stream 2’s future looks increasingly uncertain
Zurich Insurance Group AG terminated all of its coverages impacted by the sanctions and engineering firm Bilfinger SE is said to have cut ties with the project.
SCOR develops biometric risk calculator to improve the life underwriting process
SCOR’s latest digital innovation, Vitae, addresses these key underwriting complexities through the automation of the risk assessment process. Vitae is a cutting-edge biometric risk calculator based on advances in medical research and employing innovative Machine Learning techniques.
Elon Musk to offer $100 million prize for ‘best’ carbon capture tech
Capturing planet-warming emissions is becoming a critical part of many plans to keep climate change in check, but very little progress has been made on the technology to date, with efforts focused on cutting emissions rather than taking carbon out of the air.
IRDAI constituted Panel suggests wide-ranging cyber liability covers
Cyber risks have accelerated by as much as 500 per cent since the first lockdown was imposed in India in March 2020. There is an increase in coronavirus-themed spam,likely resulting in more infected personal computers and phones.
Global survey conducted by Swiss Re reveals that Individuals are more worried about financial losses resulting from illicit access of financial credentials, identity theft, data loss due to technical issues and breach of privacy.
Facebook to use AI in predicting if COVID-19 patients need better healthcare
According to Mashable, Facebook in a recent detailed blog post said that it had developed two AI models, one based on a single chest X-ray, and another from a series of X-rays that could help forecast if a patient infected by COVID-19 is likely to get worse. A third model predicts the amount of extra oxygen a COVID-19 patient might need.
Traceability on digital platforms may diminish users security, privacy: Internet Society
”Traceability will likely continue to be a prominent issue in the debate in India around rules for digital platforms and communications service providers. However, there are credible concerns around the security, privacy and effectiveness of the two methods most often proposed to enable traceability, the use of digital signatures and the use of metadata,” the whitepaper said.