Welcome to My Blog
Here is a masonry blog layout with no sidebarRelief to e-wallets: RBI extends KYC compliance norms by six months
“Based on requests received from various stakeholders to increase the above timeline on account of difficulties in undertaking Aadhaar e-KYC and time necessary to put in place alternative systems for completing the KYC process, it has been decided to allow PPI issuers additional time of six months for completion of the KYC process,” the RBI said in a statement.
Anthem, Cigna in court battles over failed merger
Minimum assured return scheme for NPS subscribers soon
From the best to worst, India’s stock market sets off alarm bells
Overall, stock funds took in a net 61.6 billion rupees ($866 million) in January, the least in two years and down 7 per cent from the previous month, figures from the Association of Mutual Funds in India showed. After withdrawing money to start the year, foreign investors have only dipped their toes back in, with $117 million of inflows in February so far, according to data compiled by Bloomberg.
People are paying too much out of their own pockets globally:WHO
Safety of digital platforms must amid rapid internet adoption: Ravi Shankar Prasad
“Your platforms must be safe and secure and therefore cybersecurity architecture must be inbuilt into your system. You need to have security auditor…there is a need for greater awareness about cybersecurity requirements. If we work along with that, then India’s digital power is going to rise,” he said.
NASA warns SpaceX, Boeing on Space Program safety concerns
Ayushman Bharat CEO says over 12 lakh people availed free treatment under scheme
Number of vehicles on Delhi roads over 1 crore, with more than 70 lakh two wheelers: Economic survey
‘Unregulated deposit ordinance to lead to creation of central repository of registered firms
The Ordinance makes it absolutely necessary for everyone to register before taking a deposit and creating a central repository of all the registered entities which can take deposits. So, whosoever are not registered are not regulated entities,” said Financial Services Secretary Rajiv Kumar.
From now on, there is a complete ban on unregulated deposit and anyone promoting this will be punished, he said. “It also says you cannot dupe anybody as an agent or even as advertisement, you cannot give face to that scheme which is not regulated by any agency,” he added.
BMW Group and Daimler AG invest more than €1 billion in joint mobility services provider
AI and Risk Management
Key Takeaways
• Understanding the debate about the impacts of Artificial General Intelligence (AGI) is good but your organization is more likely to intersect AI in a narrow application. Understand the role that the volume and quality of data will play in your implementation. Be clear about responsibilities and obligations of data stewardship.
• Introduction of AI is enabling the successful achievement of corporate objectives. Consider AI as a driver or amplifier of existing risks already on your radar.
• Change is inevitable. Your career will change, and you need to participate in that evolution. Opportunities exist for those who can apply the principles of continuous learning
Insurance not enough to offset financial risks of climate change, analysts say
Regulatory cost weighs on India’s CEOs as Modi fights corruption
7.16 lakh jobs created in Dec, 72.32 lakh in last 16 months: Payroll data
Swiss Re net profit at $421 mn in 2018, gross premium rises 4.7 % to $36.4 bn
Swiss Re Group Chief Executive Officer, Christian Mumenthaler, said: “There was no respite from large nat cat events and man-made disasters in 2018. Our financial strength enabled us to support our clients in these tough times. It was the second challenging year in a row for the industry and us. Our P&C businesses were heavily impacted by the events. Corporate Solutions’ results were disappointing. But even in challenging conditions, I am optimistic about Swiss Re’s future. In the January renewals of our P&C Re business, we were able to grow while keeping our running costs flat. We expect further price improvements in the renewals later this year, especially in the loss-affected markets.”
China Abandons Pledge, Returns to Very Active Hacking of U.S, Report Says
China’s hacking targets in 2018 included telecommunications systems in the U.S. and Asia, according to Crowdstrike. Groups linked to Iran and Russia also appeared to target telecommunications, a sector that yields “the most bang for your buck” for hackers due to the large number of users that can be accessed after breaching a single network, Adam Meyers, vice president of intelligence at Crowdstrike said.
How pricing insurance for cars of future could bring Insurers, Carmakers together
On Jan. 30, Peate announced the creation of Avinew, with $5 million in seed funding led by Los Angeles’ Crosscut Ventures. Its insurance product will monitor drivers’ use of autonomous features on cars made by companies including Tesla, Nissan, Ford and Cadillac, determining discounts based on how the feature is used. Avinew has agreements with most manufacturers, and is working to tie up the rest, Peate said, allowing it to access driving data once a customer gives it permission.