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Hackers are going after SBI users with a scam that offers credit points worth ₹9,870

by AIP Online Bureau | Mar 2, 2021 | Indian News, Risk Management, Technology

  New Delhi: Several credit card users of the State Bank of India (SBI), the largest bank in the country and Mumbai based Ratnakar Bank Ltd(RBL)have been targeted with a phishing scam where hackers have flooded them with suspicious text messages, requesting...

Human error, not Chinese cyber attack’, says Union Power Minister on Mumbai 2020 blackout

by AIP Online Bureau | Mar 2, 2021 | Eco/Invest/Demography, Indian News

  New Delhi: Union Power Minister R K Singh on Tuesday said that Mumbai power outage of October 2020 was caused by "human error" and there is no evidence to prove that it was trigged due to a cyber attack by China. Speaking to ANI, Singh said, "Two...

Swiss Re partners with radar satellite-based flood monitoring provider ICEYE

by AIP Online Bureau | Mar 2, 2021 | Eco/Invest/Demography, International News

  Zurich, Mar 02: Swiss Re has entered into a strategic partnership with ICEYE, the largest commercial synthetic-aperture radar (SAR) satellite operator and flood monitoring provider. Building on ICEYE’s innovative technology, the partnership...

Munich Re partners with Google Cloud and Allianz for Cyber Insurance

by AIP Online Bureau | Mar 2, 2021 | Eco/Invest/Demography, International News, Non-Life, Reinsurance, Risk Management, Technology

  Munich, March 02: Munich Re, on Tuesday, has announced partnership with Google Cloud and Allianz Global Corporate & Specialty (AGCS) for focusing on providing cloud specific cover for organisations. Munich Re and AGCS have developed the Cloud...

UK business interruption insurance anguish far from over

by AIP Online Bureau | Mar 2, 2021 | Eco/Invest/Demography, Health, International News, Non-Life, Pandemic, Reinsurance

  London: The UK Supreme Court dismissed appeals by insurers that said business interruption insurance claims were not valid in a test case brought by Britain’s markets watchdog on behalf of policyholders. The Financial Conduct Authority (FCA) said the case...

Brexodus from City of London to the EU slows

by AIP Online Bureau | Mar 2, 2021 | Eco/Invest/Demography, International News, Life, Non-Life, Reinsurance

  LONDON: The shift in financial staff and assets from the City of London to the European Union because of Brexit has eased after Britain completed its full departure from the bloc, a tracker from consultants EY showed on Tuesday. Financial services are not...

China declares war on cryptocurrency mining, stirring wider fear

by AIP Online Bureau | Mar 2, 2021 | Eco/Invest/Demography, International News, Risk Management, Technology

  China’s Inner Mongolia has banned cryptocurrency mining and declared it will shut all such projects by April, spurring fears the world’s No. 2 economy will take more steps to eradicate the power-hungry practice. The autonomous region, a favourite...

Insurers have to provide some key info to their health customers twice a year:IRDAI 

by AIP Online Bureau | Mar 1, 2021 | Eco/Invest/Demography, Health, Indian News, Non-Life

  Hyderabad: The insurance regulator IRDAI,on Monday, has asked all the general and health insurers to provide certain minimum information to their policy holders,as part of  policy servicing, by 1st June 2021 In order to ensure flow...

How Johnson & Johnson’s vaccine differs from Pfizer’s and Moderna’s

by AIP Online Bureau | Mar 1, 2021 | Eco/Invest/Demography, Facts

  A third effective weapon was added to America’s arsenal against the coronavirus Saturday when the Food and Drug Administration granted emergency use authorization for a vaccine developed by Johnson & Johnson. The company said it would start shipping...

Machine learning could aid mental health diagnoses: Study

by AIP Online Bureau | Mar 1, 2021 | Eco/Invest/Demography, Facts, Health, Non-Life, Technology

  Washington: In order to accurately identify patients with a mix of psychotic and depressive symptoms, researchers from the University of Birmingham recently developed a way of using machine learning to do so. The findings of the research were published in the...
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