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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...
Gadkari summons IRDA and CEOs of general insurance cos to take stock of Surety Bonds
Nitin Gadkari, union minister for Road Transport & Highways...
AirAsia India’s 2 planes operating on Delhi-Srinagar route face technical snags mid-air, return
When asked about this incident, AirAsia India spokesperson said,...
From security to uncertainty: Post Covid, many elderly return to workforce
The reasons for seeking financial independence are varied as is the...
International
Insolvencies, Cyber Threats and ESG scrutiny drive 2021 risks for Directors and Officers: Allianz
“Many insurers are still digesting the effect of previous pricing inadequacy and exposure and loss trend increases from prior-year policies,” says Shanil Williams, Global Head of Financial Lines at AGCS.
“This is also at a time of great uncertainty around forward-looking exposure assessments, in particular the impact of Covid-19 on the economy in general and on specific industries. Combined with many ‘known unknowns’ like climate change, cyber risks or environmental, social or governance (ESG) factors, this has created a lot of nervousness in this sector. As a global D&O insurer, AGCS remains committed to working in partnership with our customers to ensure we have sustainable solutions for all parties involved,” said Williams.
Companies may face 2% fine for breaching EU cybersecurity rules
Concerns about the cybersecurity of key assets have mounted in recent months, especially over cyber attacks by state actors and other malicious players. U.S. federal agencies and thousands of companies are now investigating a sweeping hacking campaign that officials suspect was directed by the Russian government. The European Medical Agency was also targeted earlier this month.
Benoît Ribadeau-Dumas to succeed Denis Kessler as CEO of SCOR
Augustin de Romanet, Lead Independent Director of SCOR, commented “Since 2002, Denis Kessler has shaped SCOR, turning it around in an outstanding way and subsequently establishing it as the world’s fourth largest reinsurer, with a rating of AA-. By choosing Benoît Ribadeau-Dumas, a very high-profile figure well known for his intellect and his leadership, the Board of Directors confirms its high level of ambition for SCOR.”
Vaccinating the world means solving patent impasse; India has suggestion
The International Federation of Pharmaceutical Manufacturers and Associations argues that suspending patents is fraught with danger. If you waive patents this time round, you risk harming the whole medical infrastructure that allowed Covid vaccines to be developed in record time, said Director General Thomas Cueni.
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