by AIP Online Bureau | Feb 25, 2022 | Eco/Invest/Demography, International News, Non-Life, Risk Management, Technology, Workplace/Employee Benefits
Officials have long expected cyberattacks to both precede and accompany any Russian military incursion. The combination of DDoS attacks, which bombard websites with junk traffic to render them unreachable, and malware infections hewed to Russia’s playbook of...
by AIP Online Bureau | Feb 25, 2022 | Eco/Invest/Demography, International News, Non-Life, Reinsurance, Risk Management
The “largest and most severe package” of economic sanctions against Russia tabled in the House of Commons includes a full asset-freeze of Russian state-owned bank VTB and powers to allow the UK to exclude Russian banks from Britain’s financial system. London:...
by AIP Online Bureau | Feb 25, 2022 | Eco/Invest/Demography, International News, Risk Management
But in what will be a relief to Europe’s banks, the EU is unlikely at this stage to take steps to cut off Russia from the SWIFT global interbank payments system, several EU sources said. European banks are most exposed to Russia, especially in France, Italy and...
by AIP Online Bureau | Feb 24, 2022 | Indian News, Non-Life, Policy, Technology
It added that the additional requirement, suggested by the JPC, tasking the Data Protection Authority (DPA) to consult the government on all cross-border sensitive personal data transfers not only contradicts established global practices and undermines the role of the...
by AIP Online Bureau | Feb 24, 2022 | Indian News, Non-Life, Reinsurance, Risk Management
India’s mortality protection gap is 83 per cent and 72 per cent of the households underestimate the need for protection. Digitalization will allow insurers to rethink their approach in pricing, distribution, and managing the value chain, said Hadi Riachi,CEO,...
by AIP Online Bureau | Feb 24, 2022 | Banking & Bancassurance, Indian News, Non-Life, Regulation, Reinsurance
TL Almelu, member, Non-Life, Irdai ”A huge market is available for surety bonds in-country and now, the onus is on the insurance fraternity to come out with products quickly. We have already initiated at authority level discussions with the insurance agencies...
by AIP Online Bureau | Feb 24, 2022 | Eco/Invest/Demography, Indian News, Risk Management
“It was a big surprise for the world market as it was not anticipating a war. It was expecting a diplomatic meet between Biden and Putin. Markets around the globe plunged deep in red as the Ukraine crisis intensified with Russia’s invasion into Eastern...
by AIP Online Bureau | Feb 24, 2022 | Eco/Invest/Demography, International News, Policy, Risk Management
Stocks have tumbled in anticipation of higher rates and a potential downturn. Market benchmarks in Europe and Asia fell by as much as 4% on Thursday, while Wall Street futures retreated by an unusually wide daily margin of 2.5%. Financial markets could grow even more...
by AIP Online Bureau | Feb 24, 2022 | Eco/Invest/Demography, Intermediaries, International News, Non-Life, Pandemic, Reinsurance, Risk Management
Organisations with better ability to tolerate risk, and with well-articulated submissions to the market, will have the competitive edge when it comes to accessing insurance coverage, said the report Cyber Threat: Insurance premiums and retentions increased sharply...
by AIP Online Bureau | Feb 24, 2022 | Workplace/Employee Benefits
”The Sensex has fallen 1,800 points, as Russia begins military operations in Ukraine. The geopolitical event has been causing a rout across equity markets, as the world can ill-afford further disruption in trade and commodities when COVID has already weakened...
