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Heat waves, cyclones are impacting stock markets across Asia
Extreme weather has always been part of the cost of doing business, but the frequency of such events is increasing. And while volatility linked to them isn’t limited to Asia, it’s certainly the region where the impact on stock markets has been outsized so far this...
Aon identifies ‘invisible’ cyber risks to global energy storage market
Energy businesses, in particular, are facing an increasingly complex cyber risk landscape, with new forms of volatility and current geopolitical tensions driving scrutiny on the security of essential energy infrastructure Sustained cyber resilience is contingent on...
Big Tech crackdown looms as EU, UK ready new rules
Violations could result in fines worth up to 6% of a company's annual global revenue — amounting to billions of dollars — or even a ban on operating in the EU The European Commission's list of very large online platforms is limited to those with at least 45 million...
WHO issues product alert over contaminated syrup by Indian manufacturer
Samples of the Guaifenesin syrup TG syrup from the Marshall Islands were analysed by quality control laboratories of the Therapeutic Goods Administration (TGA) of Australia. The analysis found that the product contained unacceptable amounts of diethylene glycol and...
Air pollution in India linked to cognitive problems in babies: Study
"Prior work has shown that poor air quality is linked to cognitive deficits in children, as well as to emotional and behavioural problems, which can have a severe impact on families," said lead researcher Professor John Spencer, from the University of East Anglia, UK...
Indian crops’ adaptation to climate change assessed using 60 yrs’ data
The researchers from University of Illinois, US, found that farmers were able to adapt to changes in temperature for rice and maize but not wheat. However, increased precipitation enhanced rice yield, but adversely affected wheat and maize yields Using data over 60...
Swiss Re ties up with Benekiva to create an end-to-end digital claims management solution
"We're thrilled to partner with Benekiva to offer a holistic, digital claims processing solution that can free up claims staff to focus on what matters most: helping customers through a very difficult time"Carl Christensen, Global Head L&H Solutions, Swiss Re...
SBI General launches a fully customisable digital-only health product
Anand Pejawar, whole-time director, SBI General Insurance said, “We launched Health Edge Insurance with an objective to make health care affordable and available across the length and breadth of the country The Health Edge insurance plan includes some noteworthy...
Metals & Mining and Chemical & Petrochemical sectors show a dip in risk management in 2022, ICICI Lombard report
Bhargav Dasgupta, MD & CEO, ICICI Lombard General Insurance, said, "The enhanced score in the 3rd edition of the Corporate Risk Index is a testament to the efficient risk management practices adopted by Indian corporates in the face of global headwinds and...
Thefts prompt 17 states to urge recall of Kia, Hyundai cars
“The bottom line is, Kia’s and Hyundai’s failure to install standard safety features on many of their vehicles have put vehicle owners and the public at risk,” California Attorney General Rob Bonta said in a news release “Instead of taking responsibility with...
Economic and cyber risks are the top risks facing Directors: Report
Economic risk was considered the top risk for businesses by 63% of global directors, closely followed by cyber risk at 62%, says a global Directors Liability 2023 survey from WTW and Clyde & Co, a leading global law firm SINGAPORE: Economic and cyber risks,...
India calls for global coordination to effectively regulate cryptocurrency
Nirmala Sitharaman,Union Finance Minister "The underlying principle is because the digital currencies are completely digitalised and technology-driven, the technology, which is very distributed, and sometimes identity is very difficult to be established, but which has...
LIC’s total premium for fiscal 2023 grew 17% to Rs 2.32 trillion
In terms of new business premiums collected, it continues to hold a market share of 62.58 per cent as on March 2023 Mumbai: The total premium of Life Insurance Corporation of India (LIC) collected for fiscal 2022-23 grew 16.67 per cent to Rs 2.32 trillion from Rs 1.99...
G Srinivasan to join as a member of Agam’s Strategic Advisory Board
G Srinivasan, director, former CMD, New India Assurance Agam was founded in 2016 by Avi Katz and Chak Raghunathan with the vision to create a cutting edge differentiated analytical platform Mumbai: Agam Capital, an analytics driven platform strategically partnering...
US Cyber insurers see favorable premium growth, Results in 2023: Fitch
Rising policyholder awareness of the multi-faceted cyber threat continues to boost demand for coverage. Rapid recent premium growth and a reduction in claims experience in 2022 led to a strong recovery in results for the US Cyber insurance line following two...
HDFC Life Insurance shares end over 6 pc higher
In a regulatory filing on Friday, HDFC Life Insurance Company has said that Reserve Bank of India (RBI) has permitted HDFC Bank or HDFC to increase their shareholding in HDFC Life Insurance Company and HDFC ERGO General Insurance Company to over 50 per cent prior to...
I-T dept cracks down on Bajaj Allianz, ICICI Prudential amid wider probe on GST scam- sources
Tax authorities estimate that 16 insurance companies in all owe the government about Rs 50 billion rupees ($610 million) in unpaid taxes, interest and penalties since July 2017, when India implemented goods and services tax (GST), two sources said NEW DELHI: India's...
Indian regulator plans to allow mutual funds with performance-based fees
According to the plan, the base fees currently charged for mutual funds would be reduced and additional charges would be based on performance Mumbai: India's market regulator is planning to permit a new category of mutual fund schemes where asset managers' charges...