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SAP and Swiss Re expands its joint co-innovation initiative for financial reporting

by AIP Online Bureau | Jul 26, 2019 | International News, Regulation, Technology

  WALLDORF: SAP SE on Friday announced the expansion of its joint co-innovation project with insurance giant Swiss Re, which now provides software that goes beyond accounting to include simulation, forecasting and planning capabilities essential to support...

Australia to police Facebook, Google with new watchdog office to protect privacy

by AIP Online Bureau | Jul 26, 2019 | Eco/Invest/Demography, International News, Technology

  Sydney:  Australia said it would establish the world's first dedicated office to police Facebook Inc and Google as part of reforms designed to rein in the US technology giants, potentially setting a precedent for global lawmakers.   The move...

IRDAI asks insurers to ensure cancellation of vehicle’s RC in case of total loss claim settlement

by AIP Online Bureau | Jul 26, 2019 | Eco/Invest/Demography, Indian News, Non-Life

  Hyderabad: The insurance regulator IRDAI has asked all insurers to ensure cancellation of Certificate of Registration (RC) of the vehicle in case of total loss claim settlement. It has come to the notice of the IRDAI that in case of Total Loss (TL) of the...

Australia’s Suncorp to phase out exposure to thermal coal by 2025

by AIP Online Bureau | Jul 26, 2019 | Climate, Environment, Renewable Energy, Eco/Invest/Demography, International News

MELBOURNE:  Australian insurer Suncorp Group Ltd said on Friday it was no longer underwriting insurance for new thermal coal mines or power plants and it will phase out all exposure by 2025 as part of its responsible investment policy.   Suncorp has...

U.S. judge cuts $2 billion verdict against Bayer to $86 million

by AIP Online Bureau | Jul 26, 2019 | International News, Non-Life

  A California judge on Thursday reduced a $2 billion jury verdict, slashing the award for a couple who blamed Bayer AG’s glyphosate-based weed killer Roundup for their cancer to $86.7 million.Superior Court Judge Winifred Smith of the California Superior...
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