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Budget 2024-25: FM announces 9 priorities

Budget 2024-25: FM announces 9 priorities

by AIP Online Bureau | Jul 23, 2024 | Climate, Environment, Renewable Energy, Eco/Invest/Demography, Indian News, Policy, Risk Management

Presenting her seventh straight budget, Sitharaman said the government undertakes comprehensive review of research to develop climate-resilient seeds. In the next two years, one crore farmers will be initiated in natural farming,Finance Minister Nirmala Sitharaman New...

PSU general insurance industry turns profitable with a combined profit of Rs 7558 crore in Fy 24

by AIP Online Bureau | Jul 23, 2024 | Indian News, Non-Life, Policy, Reinsurance

Ministry of Finance is yet to receive any proposals on wage revision of employees of six general insurers from the GIPSA, the coordinating agency for PSU general insurers,Pankaj Chaudhary, minister of state, Ministry of Finance said in Lok Sabha on Monday New Delhi:...

Somali piracy revives sharply after yrs of quiet

by AIP Online Bureau | Jul 22, 2024 | Eco/Invest/Demography, International News, Non-Life, Reinsurance, Risk Management

There were eight acts of piracy and hijackings in the first half of this year near the east African country, the International Maritime Bureau, a Kuala Lumpur- and London-based monitoring organization, said in a report Somali piracy — the scourge of merchant shipping...

Without backup plans, global IT outages will happen again

by AIP Online Bureau | Jul 22, 2024 | Disaster & Management, Eco/Invest/Demography, International News, Risk Management, Technology

“I’m sure the regulators globally are looking at this. There is limited competition globally for operating systems, for example, and also for the large-scale cybersecurity products like the ones CrowdStrike provides,” said Nigel Phair, a cybersecurity professor at...

CrowdStrike Crisis: Negotiating ‘Blue Screen of Death’ (BSOD) loop

by AIP Online Bureau | Jul 22, 2024 | Articles, Eco/Invest/Demography, Non-Life, Reinsurance, Risk Management, Technology, Workplace/Employee Benefits

Clear understanding and documentation of cyber insurance policies are essential to determine coverage in connection with such incidents. Insurers could see that their incident response and claims handling teams are stretched thin given the scale of this incident, as...
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