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Munich Re launches parametric driven NatCatcover for small borrowers in India
``We worked with the insurers and launched product that pays if the event happens and the trigger is met. This expedites the payout and the small borrowers receives money in real time of need. This addresses the bottom most section of the Pyramid,’’ said Hitesh Kotak,...
“Munich Re is committed to support Indian insurance industry, to bring in new products and solutions to the market’’
Growing its business fast, Munich Re, the largest global reinsurer,has emerged as one of the key Foreign Reinsurance Branche(FRB) in India. Hitesh Kotak, Chief Executive, India, Middle East and Africa, Munich Re,in an interview with Asia Insurance Post, outlines his...
World needs to move beyond cyber security to cyber immunity: Kaspersky Labs CEO
“In an age where technology can be used by good guys and bad guys alike, traditional cyber security is no longer enough. We need to revolutionise our defences to ensure we create a more secure digital world,” Kaspersky Labs CEO Eugene Kaspersky Bali (Indonesia): As...
‘Apollo Connect’ launched to provide connected healthcare ecosystem in India
It rolled out services like eICU, diagnostics, surgical consultations, remote monitoring, clinical and quality training as well as accreditation support across India for the benefit of its connected care partner network, a release from the hospital said Chennai:...
India on track for lowest monsoon rains in 8 years -sources
"El Niño dampened rainfall in August, and it will also have a negative impact on September rainfall," said a senior official at the India Meteorological Department (IMD) New Delhi: India is poised for its lowest monsoon rains in eight years, with the El Niño weather...
Viasat Inc’s $1 bn orbiting satellites risks upending space insurance
Viasat’s troubles in orbit come a few years after big-name insurers like American International Group Inc. and Allianz SE have shuttered their space portfolios. That’s left a smaller pool of providers to absorb the risks in the notoriously high-stakes $553 million...
Crypto criminals steal over $10bn to date, despite crypto crime slowing down
According to data presented by AltIndex.com, crypto scammers and hackers stole more than $3.5 billion of cryptos in 2022 New Delhi: Crypto criminals have stolen more than $10 billion to date, despite crypto crime slowing down, a new report said on Monday. According to...
Uncertainty looms over Reliance Nippon Life Insurance JV as RCAP Resolution Plan to come up for NCLT approval on Wed
According to a banker involved in the process, as the resolution plan states that all existing shareholders agreement will be nullified, there is a question mark on the fate of RCAP's life insurance joint venture with Nippon Life of Japan Mumbai: The resolution of...
Jio Financial Services to enter insurance sector soon, confirms Mukesh Ambani
`JFS will enter the insurance segment to offer simple, yet smart, Life, General, and Health insurance products through a seamless digital interface, potentially partnering with global players. It will use predictive data analytics to co-create contextual products with...
Climate change compensation could eat up 44% of global corporations profit: Study
Earlier this year, the European Union enacted rules that would eventually require firms to disclose carbon emissions and the United States Securities and Exchange Commission and the state of California are looking at similar regulations The world’s corporations...
Jan Dhan Yojana revolutionised financial inclusion in India, more than 50 cr bank a/cs opened: FM
Nirmala Sitharaman,Union Finance Minister Some of the features of PMJDY are, one Basic Savings Bank Deposit (BSBD) account to every unbanked adult, overdraft limit of Rs 10,000, and a free Rupay debit card with inbuilt accident insurance cover of Rs 2 lakh (Rs 1 lakh...
Millions of carbon credits generated by overestimating forest preservation: Study
Carbon credit markets have exploded in recent years. Over 150 million credits originated from voluntary REDD+ projects in 2021, with a value of US USD 1.3 billion. Some companies use carbon offsetting to claim progress towards ''net zero'' while doing little to reduce...
Decarbonisation gaining pace but have to learn to survive in hot new world: Sanjiv Puri
ITC chairman and managing director Sanjiv Puri said on Sunday said that the extreme climate change events that have plagued the world are "here to stay" and the companies in India should fine-tune their strategies in accordance to the climate change that has affected...
FPIs invest Rs 10,689 cr in Aug; pace of investment slows
The net inflow was at Rs 46,618 crore in July, Rs 47,148 crore in June, and Rs 43,838 crore in May. Before that, the inflow was Rs 11,631 crore in April and Rs 7,935 crore in March, data with the depositories showed New Delhi: After infusing a staggering amount in...
Aging with a healthy brain: How lifestyle changes could help prevent up to 40% of dementia cases
In short, by encouraging people to be physically, mentally and socially active, a significant number of dementia cases could potentially be kept at bay According to an influential report, published in The Lancet in 2020, 40 per cent of dementia cases can be attributed...
ANALYSIS-U.S. growth, a puzzle to policymakers, could pose global risks
"If we get to a point where there is a need for … doing more than what's already priced in, at some point markets might start getting nervous … Then you see a big increase in the risk premia in different asset classes including emerging markets, including the rest of...
Heat waves becoming more frequent, deadly, Study finds
The study, published in the journal Nature Communications, found that Europe will be particularly affected. Heat waves of the kind we are currently experiencing are particularly deadly for the elderly, the sick and the poor, the researchers said The risk of fatal heat...
Geopolitical fragmentation, increasing trade protectionism, climate change posing serious challenges to inclusion: Industry leaders
In a panel discussion at the B20 Summit India 2023 in New Delhi, Tata Sons Chief Economist and Head of Policy Advocacy, Roopa Purushothaman said while inequality between countries has been getting better, inequality within countries has been worsening in the last few...