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Losses from Sri Lanka’s riots manageable for insurers: Fitch

Losses from Sri Lanka’s riots manageable for insurers: Fitch

by AIP Online Bureau | May 28, 2022 | Eco/Invest/Demography, International News, Non-Life, Reinsurance

“We believe gross losses from the riots are likely to exceed LKR1 billion. However, NITF’s net loss will be limited to this amount due to the protection provided by its excess of loss reinsurance cover. We expect NITF to have sufficient liquid assets to meet its...

Increased ransomware attacks and global threats tempering executive confidence in cyber preparedness: survey

by AIP Online Bureau | May 28, 2022 | Eco/Invest/Demography, International News, Technology

According to the survey by Marsh and Microsoft, leadership confidence in their organization’s core cyber risk management capabilities – including the ability to understand/assess cyber threats, mitigate/prevent cyber attacks, and manage/respond to cyber attacks – is...

Fire breaks out at EV maker Ather Energy’s Chennai facility

by AIP Online Bureau | May 28, 2022 | Indian News, Risk Management, Technology

“While some property and scooters got affected, thankfully all employees are safe and things are under control. The experience centre will be operational shortly,” the EV company said late on Friday Chennai/New Delhi: As EV fires continue to make headlines...

MeitY issues draft norms to mobilise non-personal citizen data with govt

by AIP Online Bureau | May 28, 2022 | Eco/Invest/Demography, Indian News, Technology

The draft also proposes setting up of an ‘India Data Management Office (IDMO)’, under the Digital India Corporation, which shall be responsible for framing, managing and periodically reviewing and revising the policy New Delhi: The Ministry of Electronics...

New cyber security rule to make doing business in India tougher: Global tech bodies

by AIP Online Bureau | May 28, 2022 | Indian News, Policy, Regulation, Technology, Workplace/Employee Benefits

The new directive issued on April 28 mandates companies to report any cyber breach to CERT-In within six hours of noticing it New Delhi: India’s new directive which mandates reporting of cyberattack incidents within six hours and storing users’ logs for 5...
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