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Here is a masonry blog layout with no sidebarRansomware exposure driving up cyber insurance costs
IBM calls for rules to curb bias in Artificial Intelligence
The European Union is considering new, legally binding requirements for developers of artificial intelligence to ensure the technology is developed and used in an ethical way. IBM advised a European committee of academics, experts and executives that recommended avoiding unnecessarily prescriptive rules.
Iran crash victims may need political backing in fight for damages
In theory, that means that while families of foreign-based victims who were returning home from Iran when the plane was shot down on Jan. 8 may get the full payout, those on a single ticket or who started their journey in Iran or Afghanistan – some victims were Afghans – may be entitled to only $25,000 under the Warsaw Convention, several lawyers said.
EU privacy regulators expected to raise fines under GDPR data protection rules
Regulators in France, Germany and Austria levied the biggest fines so far, while the Netherlands, Germany and the U.K. topped the list for the number of data breaches notified to their authorities, the survey by law firm DLA Piper found. France’s data protection commission, the CNIL, last January slapped Google with a 50 million-euro fine over transparency, information and consent failures.
India’s slowing economy to weigh on re/insurers, says Moody’s
Insurers want higher FDI and more tax incentives in the Budget 2020
“Collectively as an industry, we do see a lack of parity in the tax treatment of pension products of life insurance companies and pension products under NPS. Both the products have similar objective of building long term savings for meeting retirement goals, hence, this disparity should be addressed by the government in the Union Budget 2020, agreed Tarun Chugh, MD & CEO, Bajaj Allianz Life
India needs $2.64-trn investment to meet UN’s Sustainable Development Goals
Nearly half billion people currently unemployed or underemployed: UN
World losing trust in climate science, Indians most-trusting: WEF survey
IRDAI postpones implementation Indian Accounting Standard for insurers indefinitely
Lloyd’s remains bullish on Indian insurance market
Coronavirus: Thermal screening of flyers from China begins at 7 airports
China’s mysterious respiratory virus spreads to health workers, different countries
“The risk from this virus causing pandemonium has increased because it is spreading from different countries, and we are now seeing that it can be more easily transmitted from person to person,” said Sanjaya Senanayake, associate professor of medicine at the Australian National University. In comparison with SARS, he said, “the one good factor, I guess, at the moment seems to be the low mortality rate.”
Financial Services CEOs in Davos complain they can’t save planet without clients’ help
Financial companies are under pressure to retreat from funding industries including coal-fired power, and the European Union is working on a so-called taxonomy governing sustainable investments. Lawrence Fink, who runs BlackRock Inc., last week pledged to incorporate environmental concerns into the asset manager’s investment process for both active and passive products.
Wealth of India’s richest 1% more than 4 times that of 70% poorest: Oxfam
Coronavirus: New disease spreading in Asia revives SARS fears
“Raising FDI limit will provide opportunities to existing players as well as to new players”
The FDI limit could be made 100%, encouraging international players to set up in India and expand their foot print, with their own long-term strategies and best practices. However, adequate provisions will need to be made to safeguard the Indian customers against the adverse effects, if any, of the FII’s international businesses.