by AIP Online Bureau | May 14, 2019 | International News, Risk Management, Technology
London: A vulnerability in messaging app WhatsApp allowed attackers to install Israeli spyware onto phones, the Financial Times reported Monday. The malicious code, developed by Israeli company NSO Group, was installed on both iPhones and Android phones...
by AIP Online Bureau | May 13, 2019 | International News, Non-Life, Reinsurance, Risk Management
The amount of money Boeing Co. and its insurers will pay to the families of those who perished aboard two doomed jets will be dictated in part by one particularly grim calculation: How long did the victims know they were plunging to their deaths? That...
by AIP Online Bureau | May 13, 2019 | Blog, Disaster & Management, Non-Life, Risk Management
Jim Efstathiou Jr. and Prashant Gopal Breezy Point is beautiful in the summertime, a quaint neighborhood sitting on a slim peninsula that juts out into the Atlantic just south of New York City. In a storm, though, that dreamy setting can become a...
by AIP Online Bureau | May 13, 2019 | Indian News, Non-Life
Mumbai: With a global gross written premium of Rs 28,017 crore. state-owned general insurer New India Assurance(NIA), on Monday, reported a net profit of Rs 604.77 crore in FY 2018-19 as against Rs 2,189.22 crore in the previous fiscal. However, the largest...
by AIP Online Bureau | May 13, 2019 | International News, Non-Life, Reinsurance, Risk Management
Cyber risks will soon become bigger risks than natural catastrophes for the insurance sector, Scor Chairman and Chief Executive Officer Denis Kessler said, recommending the industry build a comprehensive, common global scale to assess cyber-related incidents....
by AIP Online Bureau | May 13, 2019 | International News, Policy, Regulation, Reinsurance, Risk Management
London: Lloyd’s of London has commissioned an independent culture survey following a Bloomberg Businessweek article that uncovered evidence of sexual misconduct in the world’s oldest insurance market. The survey is being carried out by the...
by AIP Online Bureau | May 13, 2019 | Eco/Invest/Demography, International News, Risk Management
DUBAI/LONDON: Saudi Arabia said on Monday that two Saudi oil tankers were among vessels targeted by a “sabotage attack” off the coast of the United Arab Emirates, condemning it as an attempt to undermine the security of global crude supplies. The UAE...
by AIP Online Bureau | May 12, 2019 | Eco/Invest/Demography, International News, Technology
New Delhi: Industrial Internet of Things (IIoT) could be a game changer for India, but the country is lagging far behind China in its adoption, a top Accenture official has said. According to the consultancy giant, IIoT refers to a universe of...
by AIP Online Bureau | May 12, 2019 | Eco/Invest/Demography, Indian News, Risk Management
New Delhi: There is an "imminent crisis" in the non-banking financial companies (NBFCs) sector as misadventures by some large entities and credit squeeze present a perfect recipe for disaster, a senior government official has said. In...
by AIP Online Bureau | May 12, 2019 | Eco/Invest/Demography, International News
The 2020s are set to be the Asian decade, with the continent dominating an exclusive list of economies expected to sustain growth rates of around 7 per cent. India, Bangladesh, Vietnam, Myanmar and the Philippines should all meet that benchmark,...
