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by AIP Online Bureau | Jul 6, 2023 | Workplace/Employee Benefits

by AIP Online Bureau | Jul 6, 2023 | Workplace/Employee Benefits

Ransomware attack hits Japan’s biggest port, disrupting cargo shipments

by AIP Online Bureau | Jul 5, 2023 | Eco/Invest/Demography, International News, Risk Management, Technology

The Nagoya port authority said Russia-based ransomware group Lockbit 3.0 was responsible for the hack, Kyodo News reported Wednesday Recent data breaches often involve “double extortion” in which a ransom is demanded for the recovery of stolen information as well as...

by AIP Online Bureau | Jul 5, 2023 | Workplace/Employee Benefits

Data Protection Bill gets Cabinet Nod; to be tabled during Parliament monsoon session

by AIP Online Bureau | Jul 5, 2023 | Eco/Invest/Demography, Indian News, Non-Life, Policy, Regulation, Risk Management, Technology

“In case of disputes, the Data Protection Board will decide. Citizens will have the right to claim compensation by approaching civil court. There are a lot of things that will evolve gradually,” the source said According to the source, individuals will...

French insurers receive $305 million riot claims

by AIP Online Bureau | Jul 5, 2023 | International News, Non-Life, Reinsurance

French employers’ lobby Medef estimated the cost of violence since the police shooting of Nahel, a 17-year-old of North African descent, last Tuesday at more than €1 billion ($1.1 billion), with 200 businesses looted, and 300 bank branches and 250 tobacco stores...

Law firms wooing AI experts as clients demand ‘More for less

by AIP Online Bureau | Jul 5, 2023 | Eco/Invest/Demography, International News, Technology

Legal services are the most vulnerable to ChatGPT-style software, according to a recent University of Pennsylvania study. The widely-accessible technology is particularly suited to time-consuming legal work, because of its ability to instantly analyze large documents,...

Road accidents the leading cause of death in Sri Lanka: Health Ministry

by AIP Online Bureau | Jul 5, 2023 | Data, Eco/Invest/Demography, Non-Life

About 10,000-12,000 people in Sri Lanka die annually due to accidents which have become the leading cause of death in the economically productive age group between 15 and 44 years of age, said Dr Samitha Sirithunga, Consultant Community Physician at the Department of...

Bihar overtakes Tamil Nadu to become biggest MFI market in India

by AIP Online Bureau | Jul 5, 2023 | Banking & Bancassurance, Data, Eco/Invest/Demography

The top ten states now account for 85 per cent of the outstanding portfolio and also include Uttar Pradesh, Karnataka, West Bengal, Maharashtra, Madhya Pradesh, Odisha, Rajasthan and Kerala The average exposure per borrower was also higher at Rs 27,200 in Bihar as...

Reinsurance market continues to recalibrate at mid-year 2023 renewals: Guy Carpenter

by AIP Online Bureau | Jul 5, 2023 | Eco/Invest/Demography, Intermediaries, International News, Non-Life, Reinsurance

The preliminary year-to-date Guy Carpenter US Property Catastrophe Rate on Line Index, an alternative measure of price change that incorporates the impact of structural adjustments and current views of risk on actual dollars paid, increased 35 percent for January...
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