by AIP Online Bureau | May 5, 2022 | Eco/Invest/Demography, Indian News, Risk Management
The average ransom paid by the Indian organisations that had data encrypted in their most significant ransomware attack was $1,198,475, with 10 per cent of victims paying ransoms of $1 million or more, according to cybersecurity firm Sophos. “The ransomware...
by AIP Online Bureau | May 5, 2022 | Eco/Invest/Demography, International News, Policy
The bloc is proposing to ban European vessels and companies from providing services — including insurance — linked to the transportation of Russian oil and products globally as part of its new sanctions package, according to officials and a draft document seen by...
by AIP Online Bureau | May 5, 2022 | Eco/Invest/Demography, International News
“Global port congestion is worsening and becoming increasingly widespread,” RBC’s Head of Digital Intelligence Strategy, Michael Tran, and colleague, Jack Evans, said in the report, acknowledging it was hard to say when things would improve RBC said...
by AIP Online Bureau | May 4, 2022 | Eco/Invest/Demography, Indian News
New Delhi: The Delhi High Court has expressed its concern over the “prolific” sale of counterfeit and knockoff products on e-commerce platforms and said the practice has to be arrested to protect trademark owners as well as the customers. The observation was made by...
by AIP Online Bureau | May 4, 2022 | Eco/Invest/Demography, International News
Fed Chair Jerome Powell “The committee is highly attentive to inflation risks,” the Fed said in the statement, adding a reference to Covid-related lockdowns in China that “are likely to exacerbate supply chain disruptions.” That comes on top of Russia’s invasion of...
by AIP Online Bureau | May 4, 2022 | Intermediaries, International News, Non-Life, Reinsurance
Singapore/ London: Howden, the international insurance broker, today announces that it has promoted Jenny Lim to the role of CEO, Howden Insurance Brokers (S.) Pte. Ltd. effective 1 May. Singapore is an important market for Howden and it is Howden’s largest retail...
by AIP Online Bureau | May 4, 2022 | Indian News, Life, Wealth Management/ Philanthropy
Retail Individual Investor category picked up nearly 60 per cent of the 6.9 crore shares set aside for this segment However, demand from qualified institutional buyers (QIBs) and non-institutional investors was muted. The non-institutional investors’ portion was...
by AIP Online Bureau | May 4, 2022 | International News, Life, Non-Life
Combining Sanlam’s expertise in Africa with Allianz’s global capabilities and insurance solutions, particularly for multinational businesses, the partnership aims to increase life and general insurance penetration, accelerate product innovation and drive financial...
by AIP Online Bureau | May 4, 2022 | Banking & Bancassurance, Eco/Invest/Demography, Indian News, Policy
Reserve Bank of India Governor Shaktikanta Das said that Monetary Policy Committee (MPC) will retain its accommodative monetary policy stance at a time when globally inflation is rising alarmingly even as investment activity is showing some traction in the country...
by AIP Online Bureau | May 4, 2022 | Articles, Climate, Environment, Renewable Energy, Eco/Invest/Demography, Health, Policy
Daily power outages driven by a surge in demand for electricity have resulted in blackouts as long as eight hours in some parts of India, while coal stocks — the fuel that accounts for 70% of the country’s electricity generation — are running low, prompting warnings...
