Shaktikanta Das, Governor,Reserve Bank of India Reserve Bank...
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Kerala CM Vijayan requests PM Modi for financial assistance to tackle climate change
Prime Minister Modi on Saturday visited to the disaster-affected...
Amazon India sets up 4 hubs to deliver urgent relief material
"Our disaster relief efforts are guided by our extensive logistic...
Infosys receives RIMS global ERM Award of Distinction
“We operate in a fast-evolving world, where we and our stakeholders find ourselves in the midst of disruption.Success in times like these require us to take calculated risks so we can move forward in a differentiated and progressive manner. Our enterprise risk management program has evolved to become a strong framework to manage potential threats to our objectives in a proactive manner, and enhance our performance,” said U B Pravin, Member of Board & Chief Operating Officer, Infosys Limited
Technology can make India’s crop insurance scheme profitable:Report
Contributing to the report, the Agricultural Insurance Company of India commented: “With the advent of new concepts in agriculture, the scope for crop / agriculture insurance in India is vast. The main challenge is consistency. The scheme has changed drastically in a very short space of time. Reinsurers believe there is ample opportunity but only if they decide to commit to this product for the longer term and take a long-term view despite the changes.”
Pilot Unions, crash families seek revisions to 737 Max training
A group of dozens of family members and friends of the 157 people who died on an Ethiopian Airlines crash on March 10, 2019, go further, seeking additional design changes and publication of a more detailed training outline.
“The FAA’s proposed update to the 737 Max pilot training requirements is inadequate to rectify Boeing’s history of 737 Max-related failures and insufficient to prepare pilots to safely fly the airplane,” the family group said in its comments, also posted on Monday.
HDFC ERGO implements AI enabled solution to automate motor claims
Parthanil Ghosh, president – Motor Business HDFC ERGO General Insurance said, ” We have implemented the use of AI in one of the most complex process of claim settlement post exhaustive testing and by leveraging the best-in-class technology. At present almost 75% of our physical inspections are assisted through IDEAS tool and have already processed more than 20,000 motor claims with promising accuracy levels. We look to further revolutionize the way claims will be settled in the insurance sector and very soon move towards instant claim settlements for customers, turning their satisfaction into delight.”
There would be significant cyber losses in the next 10 years: Mumenthaler
`There are certain tail risks that are too big, in my view, for the insurance industry to carry. We can carry a certain amount of risk, and we are active in the market, but I think the capacity will run out within the next three years.The shadow of cyber risk still looms large, with bad actors or rogue states capable of launching damaging cyber attacks that could even result in human losses, given our dependence on technology. It’s not a random event. It’s perpetuated by people and on the aggregation side it’s a real challenge,” he explained…
Ransomware attacks surge 40% globally in Q3: Report
While sensors in India, the UK and Germany recorded decreases, the US saw a staggering 145.2 million ransomware hits in Q3 — a 139 per cent year-over-year increase, said the report.
Hackers attack 100 key people to collect intelligence: Microsoft
As always, enabling multi-factor authentication across both business and personal email accounts will successfully thwart most credential harvesting attacks like these, Microsoft said.
UK watchdog fines Marriott 18.4mn pounds over data breach
The personal data involved differed between individuals but may have included names, email addresses, phone numbers, unencrypted passport numbers, arrival/departure information, guests’ VIP status and loyalty programme membership number.
Singapore’s Dy PM launches Global Asia Insurance Partnership,to incubate new risk financing solutions for emerging risks in Asia
“Through GAIP, we aim to produce actionable research insights, develop policy recommendations, There are many structural protection gaps facing Asia, but pandemic risk and climate risk are two critical areas that demand our immediate and collective attention,.” Heng Swee Keat Deputy Prime Minister, Coordinating Minister for Economic Policies and Minister for Finance,Singapore, said adding that GAIP is expected to commence work in January next year.
Microsoft Teams platform reaches 115mn daily active users: Nadella
The video collaboration platform has added over 100 new capabilities in the last six months, including breakout rooms, meeting recaps, shift scheduling, and large scale digital events up to 20,000 participants, to help people transcend both time and distance.
“We are adding reimagined workspaces in Teams for every collaborator, remote, in-person, or on the go, and we’re accelerating our innovation for both first-line and knowledge workers,” Nadella stressed.
New insights in Teams provide personalised recommended actions, making it easier for employees to create healthy work habits and for leaders to build high-performing teams.