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From crypto Picassos to frozen anthrax: Swiss Re scans horizon for emerging risks
The security of the new digital financial economy is also facing new risks. With quantum computing, for example, a new generation of computers is on the verge of completing tasks far beyond the reach of current machines These hyper-smart technologies offer significant...
Nearly 70% of car crashes linked to ‘self-driving’ in US were Tesla: Report
The report mentioned that out of 392 crashes, 273 were Tesla vehicles using Autopilot or the Full Self-Driving (FSD) beta. Honda cars were tied to 90 incidents, while Subaru models were involved in 10. Other makes, including Ford, GM, VW and Toyota, had five incidents...
Unlocking Surety Bonds: Gadkari asks IRDAI to develop a model product for general insurance industry
Nitin Gadkari, union minister for Road Transport & Highways `After discussing several challenging issues that are making Surety Bond a complete non-starter, minister has suggested to the IRDA that it should develop some model product having all the basic...
Stake dilution in life insurance subsidiary only when valuation is attractive: Canara Bank MD
(L to R) Anuj Mathur,MD and CEO, Canara HSBC Life Insurance,L V Prabhakar,MD & CEO, Canara Bank,Hitendra Dave, CEO,.HSBC India at a media meet in Mumbai Mumbai:Public sector lender Canara Bank may look at diluting its stake in Canara HSBC Life Insurance at a time...
Talent Hunt: IRDA offers Rs 1.5 crore of annual package to a new CEO of Insurance Information Bureau
New IRDAI chairman Debasish Panda has already made his intention public to broadbase the ownership of the Insurance Information Bureau of India and has suggested that instead of the IRDAI, let the insurers through their representative body General Insurance Council...
Rajasthan and Chhattisgarh exit NPS, PFRDA refuses to return their accumulated fund
Supratim Bandyopadhyay, chairperson, PFRDA Supratim Bandyopadhyay, chairperson, PFRDA, said, the total assets under NPS has touched Rs 35 trillion and currently almost has an AUM of Rs 7,40 trillion with 5.33 subscribers across central and state government...
.LIC ups stake in Hero MotoCorp, HUL, Capri Global
LIC's shareholding in Hindustan Unilever (HUL) has increased from 11,73,80,500 to 11,76,90,500 equity shares, aggregating to 5.008 per cent of the paid-up capital of the company Mumbai:LIC has increased its stake in Hindustan Unilever Ltd, Hero MotoCorp and...
Stuart McMurdo to succeed Michel Blanc as SCOR’s CEO of Reinsurance
Catherine Fassi will replace Stuart McMurdo as Regional CEO of EMEA and Canada for P&C, effective July 1st, 2022 Paris: After 31 years with SCOR, Michel Blanc will retire in January 2023. He will be succeeded as CEO of Reinsurance by Stuart McMurdo. Michel and...
40 pc elderly want to be employed for as long as possible, 13 pc experience physical abuse: study
The insurance sector and schemes - both government and private - needs to better address the health insurance needs of elderly, and it's time for employers to take off their ageist glasses and give elderly a chance to prove their mettle,'' said Anupama Datta, head...
Ukraine grain can be shipped and insurers after removal of Black Sea mines
“It’s not safe for ships to get in or get out at the moment. Until the mines are swept, that situation is not going to change,” said Guy Platten, secretary general of the International Chamber of Shipping, which is also working on opening up maritime channels As the...
India would become USD 5-trillion economy by 2026-27: CEA
''We are now USD 3.3 trillion, it is not such a difficult target to reach. Then if you simply assume 10 per cent nominal GDP growth in dollar terms, then you get to USD 10 trillion by 2033-34 and another doubling with the same rate, said Chief Economic Adviser (CEA) V...
LIC to focus on non-par products, launches non-participatory, savings product Dhan Sanchay
(L to R) MR Kumar, chairman, Siddhartha Mohanty, managing director, Bishnu Patanaik,MD at the LIC's launching ceremony of Dhan Sanchay Dhan Sanchay provides guaranteed income benefit(GIB) during the payout period from the date of maturity, and guaranteed terminal...
Businesses need to prepare for a rise in social unrest incidents: Allianz
Strikes, riots and violent protest movements pose risks to companies because in addition to buildings or assets suffering costly material damage, business operations can also be severely disrupted with premises unable to be accessed, resulting in loss of income. In...
With current level of pollution, over 50 cr north Indians to lose 7.6 years of life: Study
As per Air Quality Life Index's (AQLI) new analysis, air pollution shortens average Indian life expectancy by five years, and in the Indo-Gangetic plains of northern India, 510 million residents, nearly 40 percent of the country's population, are on track to lose 7.6...
Paritosh Tripathi to succeed Kandpal as new MD & CEO of SBI General Insurance
Paritosh Tripathi, MD & CEO,(Designate), SBI General Insurance With a solvency ratio of 1.85 during the year, SBI General had recorded a total gross written premium (GWP) of Rs 9260 crore, up 11 %, in FY 2021-22 and has maintained its market...
Health scheme to be converted into DBT in Andhra Pradesh
Upon availing of treatment under Aarogya Sri, the cost (as fixed by the government) would be paid into the patient's account and thereafter credited into the hospital account in auto-debit mode, a release from the Chief Minister's Office said. "A consent form will be...
Sensex sinks 1404 points on global selloff; investors lose Rs 6 lakh crore, LIC shares fall further
Falling for the tenth straight session on Monday, shares of Life Insurance Corporation (LIC) of India dropped 4 per cent to hit an all-time low of Rs 681.70 on BSE while its market capitalisation (m-cap) slipped to Rs 4,34,052 crore. The selloff has led to erosion of...
Report casts doubt on net-zero emissions pledges by big global companies
Roughly half of the Forbes 2000 largest companies have yet to announce plans to reach net-zero — the point at which greenhouse gas emissions are negated by deep cuts in output as well as methods to absorb atmospheric carbon dioxide. Of the 702 companies with a...