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...
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...
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...
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...
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,...
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...
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...
by AIP Online Bureau | Nov 22, 2023 | Workplace/Employee Benefits
In February, Mark Bova purchased a used 2018 Tesla Model S. Before leaving the dealer, he bought insurance from Tesla, finding the initial $93 monthly premium “really reasonable.” Sixteen days later, as he drove along the Capital Beltway to his Maryland home, he...
by AIP Online Bureau | Nov 22, 2023 | Indian News, Non-Life, Reinsurance
Ramaswamy Narayanan, chairman and managing director, GIC Re The revision of the Long-Term ICR outlook to positive from negative reflects an improvement in AM Best’s view of GIC Re’s balance sheet strength and ERM fundamentals `With positive Credit Rating...
by AIP Online Bureau | Nov 22, 2023 | International News, Risk Management
Sony Interactive Entertainment (SIE) was sued last year on behalf of nearly 9 million people in the United Kingdom who had bought digital games or add-on content through Sony’s PlayStation Store. Alex Neill, a consumer advocate who has worked on previous...
