AM Best, an insurance-focused credit rating firm, says the roughly...
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Meta to report child safety cases directly to India’s cyber crime portal amid govt crackdown
"To collectively strengthen our efforts to combat this harm, Meta...
UPI transactions above Rs 2,000 to attract 0.4% MDR from October 15, capped at Rs 300
The government notified changes in its payments legislation on...
Dutch e-commerce investor Prosus to invest $100 mn in Sachin Bansal’s Navi
Sachin Bansal, founder, Navi The investment values Navi at about $1.3 billion. At present, Navi offers loans, insurance, mutual funds, and UPI payments. Mumbai: Sachin Bansal-promoted Indian fintech startup Navi said on Wednesday it will raise $100 million from Dutch...
Munich Re acquires US based cyber insurtech At-Bay for $575 million
The acquisition is a strategic move to strengthen Munich Re’s and HSB’s position as a leader in the cyber market by combining insurance with proactive risk mitigation and a state-of-the-art technology platform. It also positions the company for greater access to a...
Govt proposes 5-yr age extension for EVs, hydrogen, CNG commercial vehicles
Under the proposed changes, the existing age limits of 12 years and 15 years for vehicles covered by the national permit system would be extended to 17 years and 20 years, respectively, for battery, hydrogen and natural gas vehicles, it added. New Delhi: The...
Envelop Syndicate 1925: Reinsurance MGA Envelop launches Lloyd’s Cyber Reinsurance Syndicate
While cyber treaty reinsurance will remain core, Syndicate 1925 will allow Envelop to expand its proposition to include other lines of business, increasing access to its proven capital management and underwriting capabilities to a broader range of partners. London:...
Hacking group claims mass data theft from Shell, Philips, GE, Fiserv and dozens of others
While it’s not clear how the hackers allegedly accessed the companies, Ransom-ISAC, an industry information sharing group, issued a notice July 22 warning that the hacking group was exploiting vulnerabilities in PTC Windchill and FlexPLM, software used to aid in...
SEBI chief calls for collective cyber resilience as threats grow more sophisticated
Pandey emphasised that cybersecurity is no longer merely an IT concern, but a board-level, business continuity, market integrity and investor confidence issue. New Delhi: India's financial sector needs to shift from periodic cybersecurity compliance to continuous,...
AI could cut doctors’ paperwork burden as global health worker shortage looms: Report
Nate MacLeitch, CEO of QuickBlox.said "Put simply, the numbers don't add up. The current system can't hold. Without telemedicine platforms for providers that help patients connect to the right clinician at the right moment, reforms--no matter how well-meaning--will...
E20 alone not responsible for mileage changes; driving, maintenance also key factors: Govt
The government's latest clarification comes amid continuing concerns among motorists over the impact of 20 per cent ethanol-blended petrol on mileage, vehicle performance and compatibility. New Delhi:The government on Saturday said E20 petrol alone cannot be held...
SHANTI Act draft rules mandate insurance cover for nuclear plant operators
According to the draft rules, the Centre has to, once every five years, constitute a group of experts to review the maximum limits of an operator's civil liability for nuclear damage. New Delhi: Nuclear plant operators need to maintain an insurance policy, financial...
Kerala partners with SAS to strengthen social welfare schemes delivery using Artificial Intelligence
The collaboration marks an important milestone in Kerala’s ongoing efforts to harness advanced analytics and artificial intelligence to drive enhanced transparency in beneficiary selection, and establishment of a safety net for disaster prevention,mitigation, and...