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Indian
Heat wave disrupts industrial activity as power demand soars in India
Industrial disruption and widespread power cuts are also bad news...
As India swelters under extreme heat, Modi warns of fire risk
Prime Minister Narendra Modi "We are seeing increasing incidents of...
IP protection: India among most challenging economies, says USTR
While India made meaningful progress to promote IP protection and...
90pc states publish draft rules on 4 labour codes, implementation imminent says Bhupender Yadav
The minister also said that the government is working to provide...
International
Infosys receives RIMS global ERM Award of Distinction
“We operate in a fast-evolving world, where we and our stakeholders find ourselves in the midst of disruption.Success in times like these require us to take calculated risks so we can move forward in a differentiated and progressive manner. Our enterprise risk management program has evolved to become a strong framework to manage potential threats to our objectives in a proactive manner, and enhance our performance,” said U B Pravin, Member of Board & Chief Operating Officer, Infosys Limited
UK regulator, insurers, set for November 16 court battle over COVID-19 case
The FCA, six insurers and an action group are appealing a lower court judgment that sought to clarify whether 21 policy wordings, affecting potentially 700 types of policies, 60 insurers, 370,000 policyholders and billions in claims, cover disruption and government-ordered closures to curb the virus.
Although expedited, the appeal has delayed payouts on disputed claims just as thousands of struggling businesses face a second national lockdown this week to curb resurgent coronavirus cases.
Technology can make India’s crop insurance scheme profitable:Report
Contributing to the report, the Agricultural Insurance Company of India commented: “With the advent of new concepts in agriculture, the scope for crop / agriculture insurance in India is vast. The main challenge is consistency. The scheme has changed drastically in a very short space of time. Reinsurers believe there is ample opportunity but only if they decide to commit to this product for the longer term and take a long-term view despite the changes.”
Poor public risk management led to higher Covid-19 Pandemic losses and P&C market exposure:Denis Kessler
Denis Kessler, chairman and chief executive officer of SCOR said that this is the biggest surprise of the crisis because it’s the opposite of what, broadly speaking, had been anticipated and modelled for pandemic risk. While the industry was certainly not unaware of pandemic threat, it failed to accurately anticipate the lines it would impact most severely
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