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Detection and response tools increasingly important as cyber claims surge: Allianz

Detection and response tools increasingly important as cyber claims surge: Allianz

by AIP Online Bureau | Oct 25, 2023 | Eco/Invest/Demography, Features, Non-Life, Risk Management, Technology

Cyber breaches that are not detected and contained early can be as much as 1,000 times more expensive than those that are, the report highlights, with Allianz Commercial analysis showing that early detection and response can stop a €20,000 loss turning into a €20mn...

ANALYSIS-Time for central bank digital currencies to prove their worth

by AIP Online Bureau | Oct 24, 2023 | Eco/Invest/Demography, Features, Policy, Regulation, Risk Management, Technology

“ECB is one of the biggest central banks, so if it comes up with answers to the privacy and cyber security issues and the ability to use it offline, it will be a very influential.”Josh Lipsky, who runs a global CBDC tracker at the Atlantic Council. A...

Anti-obesity drugs can be boost for food makers, investors say

by AIP Online Bureau | Oct 24, 2023 | Eco/Invest/Demography, Features, Health

“Novo’s breakthrough can definitely lead to major changes – both for food and beverage companies, but also for other health-related stocks within the obesity industry,” said Kiran Aziz, head of responsible investments at Norway’s biggest...

Reinsurers stick to rule book, to pay only upto Rs 500 crore as claims for Rs 12,000 cr Teesta Hydro power project

by AIP Online Bureau | Oct 24, 2023 | Indian News, Non-Life, Reinsurance

“For Sikkim event, loss assessment is underway.  We do not expect it to be a major event based on initial information available,” said Hitesh Joshi, general manger, GIC Re to Asia Insurance Post “Our hands are tight, We will go by the rule book and the...
World Bank’s Banga says geopolitics pose biggest, but not the only, risk to world economy

World Bank’s Banga says geopolitics pose biggest, but not the only, risk to world economy

by AIP Online Bureau | Oct 24, 2023 | Eco/Invest/Demography, International News, Policy, Risk Management

Geopolitical tensions heightened by the Middle East conflict pose the biggest threat to the world economy right now but other risks are also at play. The private sector investment is needed in developing economies but political risks in some of these countries remain...
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