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Rise of AI demands new approach to cyber underwriting:CyberCube
William Altman, Director of Cyber Threat Intelligence Services and...
Financial Intelligence Unit-India, Indian Cyber Crime Coordination Centre sign MoU to combat cyber fraud and financial crimes
The collaboration comes at a juncture where India's digital payment...
Insurers increasingly tap AI to tackle surging Cat losses
Risk experts are increasingly using AI to crack an especially intractable challenge: modeling hailstorms, thunderstorms and tornadoes, collectively known as severe convective storms, or SCS. Insured losses from SCS events totaled $61 billion in 2024, the...
Cyber incidents: IRDAI asks insurers to empanel forensic experts in advance
"In addition…, all regulated entities are required to establish a well-defined procedure/practice to ensure that the forensic auditor/s are empanelled in advance and can be onboarded to conduct forensics and root cause analysis of cyber incident/s without any delay,"...
Wipro awarded £500m deal from UK insurance giant Phoenix Group
As per the deal, Wipro’s existing FCA-regulated entity Wipro Financial Outsourcing Services Limited (WFOSL) will deliver comprehensive life and pension administration services to Phoenix Group’s ReAssure customers Mumbai: IT services company Wipro on Wednesday (26)...
Vehicle Scrapping Policy may reduce auto component prices by 30 pc Gadkari
The demand for EVs will grow as the government is taking various steps to improve the charging infrastructure in cities and on highways. The adoption of EVs will also increase as the prices of input materials come down, Union Minister Nitin Gadkari said New Delhi:...
Group Health Insurance: Future Of Employee Benefits
Shashank Chapekar , Chief distribution officer , ManipalCigna health insurance In today’s world, group health insurance must be flexible and inclusive, meeting the needs of a diverse workforce comprising full-time multigenerational employees, remote workers, and gig...
AI buzz on earnings calls in Europe scaling new peaks, spread beyond technology-related sectors
Growing use of AI-enabled tools also meant that the machine-learning technology was mentioned repeatedly on analyst calls of companies in other sectors including recruitment, health care and telecommunications The chatter around artificial intelligence on earnings...
Heathrow airport reopens after blackout shutdown
The financial fallout from the day-long disruption may reach reach between $80 million and $100 million, factoring in costs related to accommodation, food and transportation, as well as broader operational impacts that include rerouting, schedule disruptions and...
AI turbocharging organized crime, EU Police agency warns
“Cybercrime is evolving into a digital arms race targeting governments, businesses and individuals. AI-driven attacks are becoming more precise and devastating,” said Europol’s Executive Director Catherine De Bolle The European Union’s law enforcement agency cautioned...
Fast descent warning triggered on Delta jet that went belly-up on landing in Toronto
The plane hit the runway at a 50% greater descent velocity than the rate its landing gear was designed to absorb, according to a preliminary report from the TSB, an independent transportation safety agency A safety warning system went off in a Delta Air Lines regional...
Heathrow Airport fire has significant but manageable financial and operational implications
The cost of the impact could total around 20 million pounds ($26 million) a day, said Paul Charles, a travel consultant, with no guarantee that Heathrow will reopen on Saturday given the vulnerability of the airport’s power supply For travel insurers, “this...