The move comes two days after the government — in a rare move —...
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Star Health confirms data breach, Hacker ‘selling 57.5 lakh insurance premium records for $150K
“We acknowledge that we were the victim of a targeted malicious...
Cyber Risks: Frequency of large claims (>€1mn) up 14%, severity increase 17% in H1 2024
Worldwide, the average cost of a data breach reached an all-time...
Marsh’s Thomas M Devasia appointed as Irdai’s Member, Non-Life
New Delhi: The government, on Saturday, has appointed Thomas M Devasia of Marsh India Brokers as the member, non-life in the insurance regulator IRDAI. This is for the first time; as reported by Asia Insurance Post earlier, the government has picked up a private...
India extends emissions deadline for coal-fired plants for third time
India extended a deadline for coal-fired power plants to install equipment to cut sulphur emissions by two years, the government said in a notification on Tuesday, marking the third pushback on a commitment to clean up dirty air. Indian cities have some of the world's...
Inflation and war stoking civil unrest across the globe, shows research
“These are significant events in terms of disrupting every day life.In emerging markets, worst-case scenarios may involve “rioting, looting, even attempts to overthrow the government,” ,” Jimena Blanco, chief analyst for Verisk Maplecroft, said in an interview. said...
GENEVA: A new initiative to cut deaths and injuries among garment and footwear workers has been launched by the International Labour Organization’s (ILO) Vision Zero Fund1 and Nike Inc. The joint initiative aims to understand why garment and footwear workers are...
Dominick Williams appointed as WTW’s Head of Distribution Advisory in APAC
“ The insurance business is going through a time of transformational change. Dominick’s addition to the Client Advisory team is timely as we continue to invest to ensure our capability and solutions remain market leading.'' Sam Farrimond, Regional Leader, Client...
A former Swiss Re underwriter wins sex discrimination suit
“We note the tribunal’s conclusions, and we are giving them full and careful consideration,” Swiss Re said in a statement. The firm “does not tolerate discrimination of any kind and is committed to providing an equal and inclusive workplace for all employee A former...
Govt to unveil revamping strategies for 4 PSU general insurers on Aug 27, allows each company to decide its own salary structures in next wage revision
CMDs and general managers of GIPSA member companies in the presence of Saurabh Mishra, joint secretary, DFS, will meet the union officials of the industry in Faridabad on 27th August to discuss the revamping plans of the companies on the basis of the diagnosis of...
Centre signs headquarters agreement with Coalition for Disaster Resilient Infrastructure
P K Mishra, Principal Secretary, Prime Minister's Office PK Mishra, Principal Secretary, Prime Minister's Office, and CDRI Governing Council Co-chair said, "It is a landmark moment for CDRI, to be recognized as an independent international organization, with a Charter...
Singapore will decriminalize sex between men, prime minister says
In Singapore, under Section 377A, offenders can be jailed for up to two years under the law, but it is not currently actively enforced. There have been no known convictions for sex between consenting adult males for decades and the law does not include sex between...
FPIs pump in Rs 44,500 cr into Indian equities in three weeks of Aug
After turning net buyers last month, foreign investors have shown tremendous enthusiasm for Indian equities and have infused close to Rs 44,500 crore in August so far amid softening of inflation in US and falling dollar index. This was way higher than a net investment...