Insurers face significant exposure to climate change and reinsurance investments, warns IAIS. This could impact profitability and capital buffers, requiring proactive risk management. Stay tuned for updates from COP28 and the insurance industry's response.
Findings reveal that over 40% of crypto users are skeptical due to volatility and risks. To improve trust, implementing industry standards and transparency is crucial.
Learn why startups need a strong finance team for sustainable growth. Forbes Finance Council highlights the benefits of a CFO-led team, fundraising support, risk management, compliance, and scalability.
The RBI will develop regulatory guidelines for the first loss default guarantee (FLDG) arrangements in the digital lending industry. This move follows consultations with stakeholders, as the RBI aims to balance innovation with practicality of regulated entities. Additionally, there will be regulatory frameworks governing compromise settlements and technical write-offs for all lenders. These frameworks will mitigate financial risks while providing consistency to lenders. Detailed plans will follow.
Learn why the FTX crash boosted Bitcoin's prospects and fueled the global rise of cryptocurrencies. Understand the risks and opportunities in this volatile market.
Venture capital funding has hit a record high globally, but privately traded startups are facing dwindling valuations, fewer IPOs, and lesser debt financing due to unprofitable unicorns. The trend could worsen with an AI bubble on the horizon. Although chatbots and language models are popular, they carry legal, financial and reputational risks. Profitability depends on more than just generating good responses.