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Majority of aviation insurance professionals rank geopolitical instability as the sector’s biggest threat: IUAI survey
"The findings highlight a continued shift towards risks that are...
TCS wins multimillion-euro AI powered services transformation deal with Canada Life
As part of the agreement, TCS will leverage its AI & digital...
New labour Codes vow to make India’s workplaces safer, fairer, equitable for women
Union Labour and Employment Minister Mansukh Mandaviya said that these Codes are both pro-worker and pro-growth, establishing a strong foundation for universal social security, fair and timely wages, safer workplaces, formal recognition for emerging segments such as...
US court of appeals upholds USD 194 mn damages against TCS in CSC DXC trade secrets dispute
In June last year, a US court had ruled that TCS is liable for misappropriation of trade secrets and levied penal charges of around USD 194 million on the IT major. The company is evaluating various options, including review and appeal before appropriate courts, and...
UN climate deal increases money to countries hit by climate change, but no explicit fossil fuel plan
“I cannot pretend that COP30 has delivered everything that is needed. The gap between where we are and what science demands remains dangerously wide.”U.N. Secretary-General Antonio Guterres BELEM, Brazil: After two weeks of negotiations, this year’s United Nations...
Probe agencies can’t freeze bank accounts involved in cyber fraud transactions:HC
A probe agency can put the disputed amount on lien, but cannot freeze the entire account, said a bench of Justices Anil Pansare and Raj Wakode at Nagpur in a judgment passed on Thursday Mumbai: In a significant ruling, the Bombay High Court has held that probe...
Systemic leakages of Rs 10 000 cr annually in insurance sector eroding trust: Report
To address this, the report outlined a three-pillar framework of prevention, detection, and deterrence, underpinned by the enablers of standardisation, technology, and data interoperability NEW DELHI: Systemic leakages due to fraud, waste, and abuse (FWA) of...
Women in Insurance India (WIIN) launches India’s first industry-focused accelerator program to advance equity, innovation & leadership
Speaking about the launch, Soni Srivastava, Co-founder, Women in Insurance India, said, “The insurance sector has always been a story of resilience. Yet, as women reach mid-career, their presence fades from view. The WIIN Accelerator is building the space to nurture...
Agentic AI can improve detection of finance-related crimes, sector currently detects only 2% of it: McKinsey
The report highlighted that agentic AI, an evolution of analytical AI, could significantly improve automation and productivity across the client life cycle and help banks tackle long-standing KYC/AML (know-your-customer and anti-money-laundering) challenges. New...
Customers want both Gen AI efficiency and human empathy, finds new Geneva Association report
While people welcome Gen AI’s convenience and possibilities for personalisation, they remain concerned about data privacy, accuracy, and maintaining access to human support. ZURICH: Generative AI (Gen AI) is transforming how insurance customers interact with their...
Top 26 e-commerce platforms claim they are free of dark patterns that deceive consumers
The Guidelines for Prevention and Regulation of Dark Patterns, 2023, which were notified on November 30, 2023, identify and prohibit 13 dark patterns.These are -- False Urgency; Basket Sneaking; Confirm Shaming; Forced Action; Subscription Trap; Interface...
Cyber attacks,Economic Slow down,Business Interruption ranked as top Indian business risks: Aon
“As cyber attacks and data privacy risks continue to rise, both in frequency and impact, Indian organisations must not only strengthen their resilience but adapt quickly to these accelerated challenges'' Rishi Mehra, CEO of India, for Aon Mumbai: Indian firms ranked...