Risk Management

RBI says coronavirus has 'drastically altered' India's growth outlook

Indian News       Apr 09, 2020

  MUMBAI: The outlook for India’s economic recovery has been sharply altered by the coronavirus outbreak, the central bank said in its Monetary Policy Report, underlining the pandemic’s deepening impact on South Asia’s engine of growth. “Prior to the outbreak of COVID-19, the outlook for growth...

EMI moratorium fraud: banks asking customers to be alert, not to share OTP with imposters

Indian News       Apr 09, 2020

  Mumbai: In a bid to warn customers against fraudsters who may attempt to exploit the EMI moratorium scheme, leading banks are reaching out to their customers to caution them against 'EMI moratorium frauds' and strongly advising them not to share sensitive information like OTP and...

India asks TikTok, Facebook to remove users spreading coronavirus misinformation

Facts       Apr 07, 2020

  NEW DELHI:- India has told Facebook and Chinese video app TikTok to remove users found to be spreading misinformation about the coronavirus following concern about videos intended to mislead Muslims, according to a government source and a letter seen by Reuters.   The move follows a...

Coronavirus Pandemic: Short-term closure of plants or premises can pose risks for companies:AGCS Study

Facts       Apr 06, 2020

  Johannesburg/London/Munich/New York/Paris/Sao Paulo/Singapore: Many companies are having to shutdown their premises temporarily at short notice due to the Covid 19 pandemic. According to the risk consultants of Allianz Global Corporate & Specialty (AGCS), improper action or negligence when decommissioning buildings and production facilities brings risks...

EU states step in where trade credit insurers fear to tread

International News       Apr 01, 2020

PARIS/AMSTERDAM/MUNICH: European Union states are giving guarantees to credit insurers in a bid to keep coronavirus-hit companies afloat, as some firms cut cover for trade involving bloc members such as Italy and Spain, sources said. Without insurance, companies can be reluctant to buy or sell...

IRDA bans Capital Gearing treaties by insurers

Indian News       Mar 30, 2020

  Hyderabad: Terming any Capital Gearing treaties in various forms including Quota Share Reinsurance Treaty. are of the nature of financial arrangements and not primarily  a risk transfer mechanism,the IRDAI has banned any such fresh treaties by any general insurers with immediate effect.   The insurers have...

Swiss Re, Zurich insurance in talks with Swiss regulator about Coronavirus Impact

International News       Mar 20, 2020

Switzerland’s top insurance companies are in talks with the financial regulator about the impact of the coronavirus outbreak on their capital buffers and their business, according to people familiar with the matter.   The watchdog contacted Swiss Re AG, Zurich Insurance Group AG, Swiss Life Holding...

RMS appoints Michael Steel as global head of business development

International News       Mar 16, 2020

  London: RMS, the world’s leading catastrophe risk modeling company, announces the appointment of Michael Steel as global head of business development, joining the RMS Executive Committee.   Mike first joined RMS in 2016 to help drive innovations to solve the key risk management challenges faced by...

US regulators will force Boeing to rewire faulty 737 MAX jets: Report

International News       Mar 09, 2020

  US aviation regulators plan to require Boeing to rewire all 737 MAX aircraft before allowing the troubled planes fly again, the Wall Street Journal has reported.   The MAX has been grounded worldwide since an Ethiopian Airlines flight crashed shortly after take-off last March, less than...

Govt to restructure SFIO; increase manpower to 350 at probe agency

Indian News       Mar 08, 2020

  New Delhi: The government is set to more than double the manpower at the Serious Fraud Investigation Office (SFIO) to nearly 350 as it continues efforts to curb corporate wrongdoings.   Corporate Affairs Secretary Injeti Srinivas said the process was on to further professionalise and streamline...

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