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Here is a masonry blog layout with no sidebarCybersecurity Costing Large Financial Firms $3,000 Per Employee: Survey
Some of the largest banks tripled cyber-defense budgets in the last three to four years amid a surge of attacks on client information, accounts and other data. The finance sector was the focus of 19 percent of all attacks monitored by International Business Machines Corp. last year, the technology firm said in a February report. Spending more on security doesn’t necessarily translate to better defenses, Deloitte said.
Boeing aims to move Lion Air crash lawsuit from Chicago HQ to Indonesia
SCOR unveils steps protecting climate and promoting energy transition
Stephen Catlin launches a specialty entity for complex risks,invests $1.8bn capital
Stephen Catlin said: “The launch of Convex distils vast industry experience and client focus to create the insurance company of the future. We begin unencumbered by legacy but rich with expertise and the strength of independence. There is evidence of pricing momentum in many classes and we are well equipped to prosper in a challenging market. We are thrilled to have the support of Onex and our co-investors and believe they will be valuable partners to us as we build our business.
Willis Towers Watson launches unique $1billion political risk insurance programme
The ever-shifting political environment is demanding a new and innovative approach to how this coverage is currently provided. In conjunction with a select panel of highly rated global insurers, Willis Towers Watson has developed a market-leading, comprehensive and clear policy wording to respond to the needs of its clients. The new programme is targeted at large global clients who may have existing assets or are considering future investments overseas.
China says to further open up banking and insurance sectors
IP emerges as a top 10 risk, insurance covers only 16 percent of $1B in potential losses:Report
“One of our key findings is that threats to a company’s intangible assets are not in proper balance with that company’s insurance protection,” said Lewis Lee, Global Head and CEO of Aon’s IP Solutions. “Understanding how to properly value, exploit and insure intangible assets is exponentially heightened in the digital era. Intangible assets are a Board of Director level issue.”
Severe cyclonic storm ‘Fani’ heading towards Odisha
FDI in insurance industry can be raised to 74% over next 5-10 yrs, Sathe
Privacy practices probe could cost facebook up to $5 billion
Under the terms of the 2011 settlement with the US Federal Trade CommissionC, Facebook agreed to get user consent for certain changes to privacy settings. The agreement stemmed from claims that it deceived consumers and forced them to share more personal information than they intended. That complaint arose after the company changed some user settings without notifying its customers.
Direct-to-Consumer model gains traction in US auto insurance market
What’s driving this trend? In a word: consumerism. The shift in consumer behavior in the auto insurance industry is quickly moving from face-to-face to digital as large, well-capitalized insurers give consumers the tools to shop as they would for any other consumer product. Increasingly, those insurers who get that consumer model right are the ones who will dominate the market.
WHO releases first guideline on digital health interventions
One digital intervention already having positive effects in some areas is sending reminders to pregnant women to attend antenatal care appointments and having children return for vaccinations. Other digital approaches reviewed include decision-support tools to guide health workers as they provide care; and enabling individuals and health workers to communicate and consult on health issues from across different locations.
New crop of satellites will identify biggest contributors to Climate Change
“Space-based technologies are allowing us for the first time to quickly and cheaply measure greenhouse gases,” said Mark Brownstein, a senior vice president at Environmental Defense Fund, which plans to launch its MethaneSAT in 2021. “Oftentimes both government and industry are not fully aware of the magnitude of the opportunity to cut emissions. With that data, they can take action.”
World’s worst Air Pollution finally emerges as an Election Issue in India
The ruling BJP’s election manifesto promises to focus on 102 most polluted cities in the country. “We will reduce the level of pollution in each of the mission cities by at least 35 percent over the next five years,” it says, lauding itself for “effective steps” taken to reduce the level of pollution. The Congress party manifesto calls air pollution a national public health emergency. It promises to strengthen the National Clean Air Program to tackle pollution.
Cyclone ‘Fani’ may turn into severe storm, NDRF, Coast Guard on high alert
Prime Minister Narendra Modi is closely monitoring the situation and has directed Cabinet Secretary P K Sinha to convene a meeting of the National Crisis Management Committee (NCMC) to take stock of the situation with the state governments and the central ministries and agencies concerned to ensure necessary preparations to deal with the situation.
Max India exploring new lines of businesses after divesting healthcare and health insurance
Max Group’s sponsor Singh , who has increased his involvement in Max India by taking on the mantle of chairman, is looking to start afresh in Advaita by venturing into 1-2 new business areas, which will have adjacencies to the group’s latest focus areas of life insurance, real estate, senior care and lifestyle.