by AIP Online Bureau | Nov 2, 2020 | Eco/Invest/Demography, International News, Non-Life, Risk Management, Technology
London: The UK's Information Commissioner's Office (ICO) has fined Marriott International 18.4 million pounds (nearly $23.8 million) over a 2014 customer data breach. The penalty announced last Friday is significantly lower than the 99 million pounds...
by AIP Online Bureau | Nov 2, 2020 | Eco/Invest/Demography, International News, Risk Management, Technology
New Delhi: Microsoft has detected and worked to stop a series of cyber-attacks from hackers masquerading as conference organisers to target more than 100 high-profile individuals, including former ambassadors and other senior policy experts, for intelligence...
by AIP Online Bureau | Nov 2, 2020 | Eco/Invest/Demography, International News, Non-Life, Risk Management, Technology
New Delhi: While overall malware volume declined for the third consecutive quarter, ransomware attacks globally surged 40 per cent to reach 199.7 million hits in the third quarter of this year, according to a report from cybersecurity firm SonicWall. While sensors in...
by AIP Online Bureau | Nov 2, 2020 | Eco/Invest/Demography, International News, Non-Life, Pandemic, Policy, Reinsurance, Risk Management, Technology
Singapore: Amidst Covid-19 Pandemic,Christian Mumenthaler, Group CEO, Swiss Re, has cautioned that there would be significant cyber losses in the next 10 years “I’m not predicting it, but I think it’s likely that we’re going...
by AIP Online Bureau | Nov 2, 2020 | Eco/Invest/Demography, Health, Indian News, Pandemic
New Delhi: India’s factory activity expanded at its fastest pace in over a decade in October as demand and output continued to recover strongly from coronavirus-related disruptions, but firms cut more jobs, a private survey showed. Asia’s...
by AIP Online Bureau | Nov 2, 2020 | Eco/Invest/Demography, Indian News, Non-Life, Technology
Mumbai: HDFC ERGO General Insurance, the third-largest domestic non-life insurre company in the private sector, announced the launch of the AI tool IDEAS (Intelligent Damage detection Estimation and Assessment Solution) for motor claim settlements.The IDEAS...
by AIP Online Bureau | Nov 2, 2020 | Indian News, Non-Life, Regulation
Mumbai: The Competition Commission of India(CCI) on Monday has approved the acquisition of Bharti AXA General Insurance by ICICI Lombard General Insurance. On August 21, 2020 ICICI Lombard General Insurance Company had announced the acquisition of Bharti...
by AIP Online Bureau | Nov 2, 2020 | Eco/Invest/Demography, International News
LONDON: Emerging markets sucked in $17.9 billion of portfolio flows in October, up from $7.5 billion the month before, buoyed by an improving outlook for the global economy and strength of the tech sector, data from Institute of International Finance showed. But...
by AIP Online Bureau | Nov 2, 2020 | Climate, Environment, Renewable Energy, Facts
STOCKHOLM: IKEA, the world’s biggest furniture retailer, will on Monday open a pilot second-hand store for IKEA furniture in Sweden as part of its efforts to reach its 2030 climate targets.The store in Eskilstuna west of Stockholm will, after the used...
by AIP Online Bureau | Nov 2, 2020 | Eco/Invest/Demography, Health, International News, Non-Life, Pandemic, Regulation, Reinsurance, Risk Management, Technology
Singapore: Heng Swee Keat Deputy Prime Minister, Coordinating Minister for Economic Policies and Minister for Finance,Singapore, on Monday launched Global Asia Insurance Partnership (GAIP),a tripartite partnership between the global insurance industry,...
