SIRC 26
Indian
Stricter emissions rules will hit car sales, says Maruti Suzuki chairman
Digital crime on rise, MHA helps 18 states to get cyber forensic labs
A Citizen Financial Cyber Fraud Reporting and Management System module has also been launched for immediate reporting of financial frauds and to stop siphoning off of funds by the fraudsters. Using these facilities, more than 28,000 police and law enforcement agencies personnel and about 1,000 judicial officers have been trained.
These labs commissioned in Himachal Pradesh, Madhya Pradesh, Uttarakhand, Telangana, Uttar Pradesh and Arunachal Pradesh are fully functional. However, these state cyber labs in Uttar Pradesh, Tamil Nadu, West Bengal, Madhya Pradesh, Himachal Pradesh, Jammu and Kashmir, Maharashtra, Punjab, Rajasthan, Mizoram, Manipur, Tripura and Delhi are in the final stage and will start working soon.
Adopt zero trust identity to validate devices in network: Niti Advisor
“We will have to adopt zero trust identity and access management policy to validate each device in the organisation network. Intra-organisations meetings have become very common and inter-organisation is also happening. We need to automate device enrolment and software updates, leverage artificial intelligence tools for threat detection,” Niti Aayog senior adviser for science and technology, Neeraj Sinha said while speaking at an PHD chamber of commerce event on cyber security.
Nearly 72 pc of financial transactions of PSBs done through digital channels: MoS finance
International
Global cat insured losses from natural and man-made catastrophes fell 40% to $ 56 bn in 2018: Swiss Re
Climate change is leading to more frequent and more severe secondary peril events, which manifest in different ways: more local flooding, torrential rains,prolonged drought, severe wildfires and other extreme weather events. Together, secondary perils are estimated to comprise more than 50% of this year’s global insured losses from natural catastrophes, demonstrating once again the very significant impact these events can inflict on societies.
MS Amlin confirms exit from domestic UK P&C classes
Tom Clementi, CEO of MS Amlin Underwriting Limited, commented: “The decision to place these classes into run-off will enable us to focus on our core markets and ensure we are best placed to serve our clients going forward. The decision aligns with the new underwriting strategy we outlined on 30th September and the steps we have taken to remediate the business since then. We are committed to supporting both our customers and our people through this process.”
Cigna to sell unit to New York Life Insurance in $6.3 billion deal
Climate change has a significant impact on the liabilities of non-life insurers and reinsurers:EIOPA
Regarding climate risk, insurers and pension funds can play a key role in the transition towards a low carbon economy as major institutional investors, but this transformation carries significant investment risks as well. It is therefore crucial that both insurers and pension funds actively incorporate climate change risks in their own risk management frameworks.
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