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IBM calls for rules to curb bias in Artificial Intelligence

by AIP Online Bureau | Jan 22, 2020 | Eco/Invest/Demography, International News, Non-Life, Risk Management, Technology

  The Armonk, New York-based company issued policy proposals Tuesday ahead of a Wednesday panel on AI to be led by Chief Executive Officer Ginni Rometty on the sidelines of the World Economic Forum in Davos. The initiative is designed to find a consensus on rules...

Ransomware exposure driving up cyber insurance costs

by AIP Online Bureau | Jan 22, 2020 | International News, Non-Life, Risk Management, Technology

  U.S. insurers are ramping up cyber-insurance rates by as much as 25% and trying to curb exposure to vulnerable customers after a surge of costly claims, industry sources said.   The changes follow a challenging year of hackers using malicious programs,...

Repeat of 2003 SARS crisis? China virus outbreak rattles financial markets

by AIP Online Bureau | Jan 22, 2020 | Disaster & Management, Eco/Invest/Demography, International News

  Bangkok: News that a new virus that has afflicted hundreds of people in central China can spread between humans has rattled financial markets and raised concern it might wallop the economy just as it might be regaining momentum.   Health authorities across...

Nothing has been done to save the planet: Climate campaigner Greta Thunberg

by AIP Online Bureau | Jan 22, 2020 | Climate, Environment, Renewable Energy, Eco/Invest/Demography, Facts

Davos: Young climate campaigner Greta Thunberg on Tuesday said a lot has happened since her campaign caught eyes of the world but "nothing has been done" actually to save the planet.   "In one aspect, lots has happened since last year. The mass...

Financial Services CEOs in Davos complain they can’t save planet without clients’ help

by AIP Online Bureau | Jan 21, 2020 | Climate, Environment, Renewable Energy, Eco/Invest/Demography, International News

As the financial industry comes under pressure to avoid funding dirty energy, the heads of Citigroup Inc. and Zurich Insurance Group AG said they need their clients to do more work too.   “I say to our clients, ‘I don’t want to be the sharp end...

China’s mysterious respiratory virus spreads to health workers, different countries

by AIP Online Bureau | Jan 21, 2020 | Disaster & Management, Eco/Invest/Demography, Health, International News

China’s mysterious respiratory virus has caused six deaths and infected a number of medical workers, a sign the outbreak has entered a new phase with the illness spreading from person to person.   Health-care workers contracting the new illness indicates...

Coronavirus: Thermal screening of flyers from China begins at 7 airports

by AIP Online Bureau | Jan 21, 2020 | Eco/Invest/Demography, Health, Indian News

  New Delhi: The Civil Aviation Ministry has directed seven airports including Delhi, Mumbai, Chennai and Kolkata to make arrangements for screening of passengers arriving from China in the wake of outbreak of an infection caused by a new strain of virus there....

Lloyd’s remains bullish on Indian insurance market

by AIP Online Bureau | Jan 21, 2020 | Indian News, Reinsurance

  Mumbai:  Bruce Carnegie-Brown, chairman, Lloyd’s of London,the largest specialised re/insurance marketplace in the world, has said India is very important to Lloyd’s business plans,as it represents a huge opportunity for...

IRDAI postpones implementation Indian Accounting Standard for insurers indefinitely

by AIP Online Bureau | Jan 21, 2020 | Eco/Invest/Demography, Indian News, Regulation

  Hyderarbad: The Indian Insurance regulator IRDAI on Tuesday has decided to postpone the implementation of Indian Accounting Standard ( Ind-AS). which was supposed to start in 2020-21, indefinitely for the domestic insurance sector.Earlier,IRDAI’s in...

World losing trust in climate science, Indians most-trusting: WEF survey

by AIP Online Bureau | Jan 21, 2020 | Climate, Environment, Renewable Energy, Eco/Invest/Demography, Facts

  The global public overwhelmingly blames global warming on human activities with trust level declining in climate science, but Indians are the most trusting people in this regard, a new opinion poll showed on Tuesday.   Indians and Bangladeshis have topped...
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