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Number of global climate-related court cases rise almost three times in last 6 yrs

by AIP Online Bureau | Nov 23, 2023 | Climate, Environment, Renewable Energy, Eco/Invest/Demography, International News, Risk Management

In the last five years, the number of climate-related court cases that have been filed around the world more than doubled, according to a 2023 report by the U.N. Environment Programme (UNEP) and New York’s Columbia University, from 884 filed by 2017 to nearly 2,500 as...

Taj Hotel’s data breached, around 1.5mn customers at risk

by AIP Online Bureau | Nov 23, 2023 | Data, Eco/Invest/Demography, Technology

“The perpetrator, known as ‘Dnacookies’, is requesting $5,000 for the complete dataset, encompassing addresses, membership IDs, mobile numbers, and other personally identifiable information (PII),” the reports further stated New Delhi: Around...

Pramerica Life launches individual non-participating savings plan

by AIP Online Bureau | Nov 23, 2023 | Briefs, Life

Pramerica Life Insurance has launched a new plan, Pramerica Life RockSolid Future, an individual non-participating non-linked savings life insurance plan. Pankaj Gupta, MD & CEO of Pramerica Life Insurance, said, “The product offering not only provides...

Banks should fortify cyber security as fraud cases rise: RBI

by AIP Online Bureau | Nov 23, 2023 | Banking & Bancassurance, Eco/Invest/Demography, Indian News, Regulation, Risk Management, Technology

RBI Deputy Governor Rajeshwar Rao said that bank customers today are facing a threat from technology induced frauds such as fraudulent apps, breach of privacy and deep fakes Mumbai: The RBI on Thursday said that the banks should focus on fortifying cyber security and...
Customer data with account aggregators completely safe in India: Sitharaman

Customer data with account aggregators completely safe in India: Sitharaman

by AIP Online Bureau | Nov 23, 2023 | Banking & Bancassurance, Eco/Invest/Demography, Indian News, Non-Life, Regulation, Risk Management, Technology

“There is a need for insurance companies to become a lot more tech-ready and through technology, but because insurance is such a sentimental matter. You still need a human interface. Insurance companies will have to adapt technology, bring in more personnel, who can...
LIC projects double digit growth in FY24, plans to launch innovative products: Chairman

LIC projects double digit growth in FY24, plans to launch innovative products: Chairman

by AIP Online Bureau | Nov 23, 2023 | Indian News, Life

“We are projecting double-digit growth over the last year. We are going to achieve that because a recent trend is showing uptick in individual retail business. In order to further reinforce our commitment, we are going to launch some new attractive...

Liberty General launches insurance campaign in Delhi

by AIP Online Bureau | Nov 23, 2023 | Briefs, Non-Life

Liberty General Insurance has commenced an ‘Suraksha ka Vaada, Bima ke Saath’ to bolster insurance awareness in Delhi. Parag Ved, CEO & Whole Time Director, Liberty General Insurance said, ”As the lead insurer for Delhi, we are poised to work in...

Economic models buckle under strain of climate reality

by AIP Online Bureau | Nov 23, 2023 | Climate, Environment, Renewable Energy, Disaster & Management, Eco/Invest/Demography, Features, Policy, Risk Management

“But climate change is fundamentally different to other shocks because once it has hit, it doesn’t go away,” said Thierry Philipponnat, author of a report by Finance Watch, a Brussels-based public interest NGO on financial issues Record temperatures,...

Australia unveils cybersecurity ramp up after port cyberattack

by AIP Online Bureau | Nov 22, 2023 | Eco/Invest/Demography, International News, Risk Management, Technology

Under the new cybersecurity strategy, the government will take measures to better protect consumer data and improve coordination on preventing hacking attempts. O’Neil has committed to work with businesses to create a mandatory reporting structure for ransomware...

BIS sees climate losses hitting governments as insurers exit

by AIP Online Bureau | Nov 22, 2023 | Banking & Bancassurance, Climate, Environment, Renewable Energy, Eco/Invest/Demography, International News

Financial watchdogs are stepping up scrutiny of insurers to monitor the developing risks as the industry retreats from markets deemed too risky to cover. BIS researchers are urging the industry, governments and regulators to work together to ensure there’s adequate...
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