by AIP Online Bureau | Oct 9, 2024 | Eco/Invest/Demography, International News, Non-Life, Reinsurance
This new cyber consortium provides comprehensive cover for large corporates with a turnover in excess of $1 billion, infusing $100 million of new capacity into the cyber market London: Beazley, the leading specialty insurer announced the launch of Beazley Quantum on...
by AIP Online Bureau | Oct 9, 2024 | Data, Disaster & Management, Eco/Invest/Demography
The numbers of people protected by pre-arranged finance instruments grew in 2023, with 232 million people protected under pre-arranged financing instruments, a 27% increase from 2022. Coverage remained concentrated in middle-income countries (USD7.8 billion in 2023);...
by AIP Online Bureau | Oct 9, 2024 | Articles, Eco/Invest/Demography, Non-Life, Reinsurance, Risk Management, Technology, Workplace/Employee Benefits
Worldwide, the average cost of a data breach reached an all-time high in 2024 of $4.9mn. In comparison, the average data breach costs in Japan, South Korea, ASEAN, and India are $4.19mn, $3.62mn, $3.23mn, and $2.35mn respectively, according to IBM’s Cost of a...
by AIP Online Bureau | Oct 9, 2024 | Workplace/Employee Benefits
“Climate change is emerging as a significant risk to the financial system world over. This makes it necessary for regulated entities to undertake robust climate risk assessment, which is sometimes hindered by gaps in high quality climate related data,”...
by AIP Online Bureau | Oct 9, 2024 | Banking & Bancassurance, Eco/Invest/Demography, Indian News, Policy, Regulation, Risk Management
Shaktikant Das,Governor,Reserve Bank of India Annual retail inflation remained below the central bank’s target of 4% for a second consecutive month, clocking in at 3.65% in August but higher than the revised 3.60% in July and economists’ forecast of 3.5%...
by AIP Online Bureau | Oct 9, 2024 | Disaster & Management, Eco/Invest/Demography, International News, Non-Life, Reinsurance, Risk Management
The storm was on a collision course for the Tampa Bay metropolitan area, home to more than 3 million people, though forecasters said the path could vary before the storm makes landfall late Wednesday night or early Thursday morning. Officials from U.S. President Joe...
by AIP Online Bureau | Oct 8, 2024 | Health, Indian News
The commission, comprising its president Inder Jeet Singh and member Rashmi Bansal, was hearing the complaint of Raja Harpal Singh, who said that his wife’s mediclaim was repudiated by United India Insurance on the grounds that hospitalisation in the case lasted...
by AIP Online Bureau | Oct 8, 2024 | Banking & Bancassurance, Eco/Invest/Demography, Indian News, Policy, Risk Management
Union Finance Minister Nirmala Sitharaman asked banks not to be “stingy” in appointing cybersecurity professionals who will be highly useful in preventing any attacks Mumbai: Union Finance Minister Nirmala Sitharaman on Tuesday commended Indian financial...
by AIP Online Bureau | Oct 8, 2024 | Data, Eco/Invest/Demography, Technology, Workplace/Employee Benefits
The report by Bengaluru-based Fairwork India, spearheaded by the Centre for IT and Public Policy (CITAPP), International Institute of Information Technology Bangalore (IIIT-B), in association with Oxford University, assessed the 11 platform against five principles:...
by AIP Online Bureau | Oct 8, 2024 | Eco/Invest/Demography, Intermediaries, International News, Non-Life, Reinsurance, Risk Management
A shift in appetite from coal to non-coal power and the phasing out of underwriting existing coal risks have combined to encourage insurers to seek new opportunities in deploying their capital. We are seeing an increasing number of insurers seeking to offer long-term...
