Risk Management

Alby Van Wyk, Executive Vice President, APAC, Munich Re Automation Solutions

Munich Re’s digital solution to power Generali Indonesia for selling life insurance

International News       Jul 09, 2020

  Singapore: Munich Re Automation Solutions today announced that Generali Indonesia selected ALLFINANZ SPARK, one of Munich Re’s cloud-based new business, digital underwriting and analytics solution to streamline processes and explore valuable new opportunities delivering consistent risk management in the Indonesian market. The collaboration represents a...

Tesla 'very close' to level 5 autonomous driving technology, Musk says

Facts       Jul 09, 2020

SHANGHAI/BEIJING: U.S. electric vehicle maker Tesla Inc is “very close” to achieving level 5 autonomous driving technology, Chief Executive Elon Musk said on Thursday, referring to the capability to navigate roads without any driver input.Musk added that he was confident Tesla would attain basic functionality...

Covid 19 Pandemic:Generali launches a new system for remote facility inspection for large companies

International News       Jul 08, 2020

  Madrid: Generali’s P&C unit Global Corporate & Commercial (GC&C) Iberia & LatAm has developed a new system for remote facility inspection to address the consequences of COVID-19 and to provide value-added solutions for its corporate clients.   GC&C decided to proactively respond to the current scenario...

India arrests South Korean CEO,11 others for gas leak at LG Polymers

Indian News       Jul 08, 2020

CHENNAI: Indian police have arrested 12 LG Polymers officials, including its South Korean Chief Executive Sunkey Jeong, an officer said on Wednesday, two months after a gas leak at the company’s south Indian chemical plant killed 12. Municipal workers decontaminate outside of the LG Polymers...

Suresh Mathur, executive director, IRDAI

IRDAI forms panel to explore possibility of an ``Indian Pandemic Risk Pool'', to address BI risks arising out of a Pandemic event

Indian News       Jul 08, 2020

  Hyderabad: In line with the global trends in other major economies,the insurance regulator IRDAI, on Wednesday,has constituated a nine- memember  panel under the chairmanship of Suresh Mathur, executive director, IRDAI, to explore the possibility of forming an ``Indian Pandemic Risk  Pool’’ to  address various risks...

Panel probing deadly south Indian gas leak finds LG Polymers negligent

Indian News       Jul 07, 2020

  CHENNAI/SEOUL:  A committee probing a gas leak at an LG Polymers-run plant in southern India that killed 12 has found the company was negligent and had no preventive mechanisms or warning systems, an Indian state government said on Monday.   Toxic styrene gas leaked from the...

Climate battles are moving into the courtroom, and lawyers are getting creative

Facts       Jul 07, 2020

  LONDON/WASHINGTON/GENEVA: Climate change may be having its day in court. With the slow pace of international climate negotiations, lawyers from Switzerland to San Francisco are increasingly filing lawsuits demanding action. And they are getting creative — using new legal arguments to challenge companies and governments...

Trump admin says foreign students must leave US if classes go online

Facts       Jul 07, 2020

  New York: International students in the US are scrambling to make sense of a new immigration policy that says they must leave the country or transfer to another college if their universities offer only online classes this fall. "Nonimmigrant F-1 and M-1 students attending schools...

TikTok quits Hong Kong as U.S. giants suspend processing data requests

Facts       Jul 07, 2020

  NEW YORK/HONG KONG: Chinese-owned social media platform TikTok announced on Tuesday it would pull out of Hong Kong within days, as global tech giants struggle to figure out how to operate in the city under sweeping new security rules imposed by Beijing.Major U.S. internet companies...

Court grants relief to Unilever's India unit over 'Glow & Handsome' trademark

Indian News       Jul 07, 2020

BENGALURU: An Indian court has directed consumer goods maker Emami Ltd (EMAM.NS) to give bigger rival Hindustan Unilever Ltd (HLL.NS) seven days notice before initiating legal proceedings over the 'Glow & Handsome' trademark, according to a July 6 order here The Indian arm of global...