For example, if a manufacturing firm has come in to renew their insurance product and has faced heavy claims in the previous year, an ideal underwriter would charge a higher premium for renewal. However, Indian insurers end up charging lower in order to retain the client on their books. This impacts the insurer’s books. … [Read more...] about Insurance discounts may soon be thing of the past: Here’s why
Dependent life insurance definition
As the finalisation of the crucial standard is pending globally, there is no visibility on exactly when the new accounting norms will apply to Indian insurers. After the standards are finalised globally, they will be done so in India by the Indian equivalent of IASB and only then will the IRDAI be able to act on them. … [Read more...] about IRDAI defers new accounting norms for insurers
While everything is linked, the basic issue is that this wheel does not work because professionals are not standing up. That can only change due to punitive legislation. I think CFOs must be made criminally liable for participating in cases of outright fraud. The intent of the promoter is actually executed by the CFO. In 95 percent of the cases, unless the CFO is involved you cannot perpetrate a fraud. So, punitive legislation to make CFOs legally liable, (if not criminally liable) is very, very important. … [Read more...] about CFOs must be made legally liable in case of outright fraud: Prabal Basu Roy
But if it is something you enjoy doing and it is something you know how to do, then it is fun. Like a pilot in the Air Force does a dangerous job. But whoever is doing it, obviously enjoys doing it. So they do it.Get access to India's fastest growing financial subscriptions service Moneycontrol Pro for as little as Rs 599 for first year. Use the code "GETPRO". Moneycontrol Pro offers you all the information you need for wealth creation including actionable investment ideas, independent research and insights & analysis For more information, check out the Moneycontrol website or mobile app. … [Read more...] about What is a good way to run an Audit Committee?
Amazon Web Services and Microsoft’s Azure both provide services that can identify faces as faces, and match them in a database with faces published online, either in ads or social media. For instance, a law enforcement tool called Thorn uses Amazon’s Rekognition to scan the internet for images of children who have been sold into sex trafficking. But these tech giants don’t offer products that essentially capture a face in public and run a search through the internet for the same face, as Clearview AI does. … [Read more...] about Privacy groups want a federal facial-recognition ban, but it’s a long shot