International News

UK’s Legal & General Partners with Amazon to Create Blockchain System for Pensions

Life, Pension, Technology       Jun 12, 2019

London: British insurer Legal & General has teamed up with Amazon to establish what it said is the first blockchain system for corporate pension deals.   The insurer said it would use a managed blockchain system launched by Amazon Web Services (AWS) to handle bulk annuities,...

India slips 5 places to 141 on Global Peace Index 2019; Iceland again tops

Eco/Invest/Demography, Risk Management       Jun 12, 2019

  NEW DELHI: India's rank has slipped five places to 141 among 163 countries on the Global Peace Index 2019, while Iceland remains the most peaceful country and Afghanistan the least peaceful nation, says a report.   Australian think tank Institute for Economics & Peace ranks countries...

US cyber insurance premiums see 10% increase to $2.03bn, Aon study

Non-Life, Risk Management       Jun 11, 2019

                                  CHICAGO: Aon plc , in its fourth edition of its US Cyber Market Update report, has said cyber premiums in the US grew to $2.03 billion in 2018 – an approximate 10 percent increase from the prior year. Premiums from package business grew modestly, rising...

In historic first, G20 weighs aging as global risk

Eco/Invest/Demography, Life, Pension, Technology       Jun 09, 2019

  Fukuoka, Japan: In historic first, G20 weighs aging as global riskBallooning healthcare costs, labor shortages and financial services for the elderly: for the first time Sunday, the world's top policymakers are tackling economic issues relating to aging and shrinking birthrates.   G20 finance ministers and central...

Divided G20 admits worsening trade wars pose risk to world economy

Eco/Invest/Demography, Risk Management       Jun 09, 2019

FUKUOKA (JAPAN): The world's top financial policymakers admitted Sunday that trade tensions had worsened and posed a risk for the global economy, after a G20 meeting that laid bare differences between the United States and other nations.   Following 30 hours of wrangling in what one...

Indian aviation market facing very tough competition; cost environment unfavourable: IATA

Eco/Invest/Demography, Risk Management       Jun 09, 2019

  Seoul: Indian airlines are facing very tough competition and the cost environment too is not in their favour, IATA chief Alexandre de Juniac has said, amid more than 25-year-old Jet Airways shuttering operations. India was one of the fastest growing domestic aviation markets in the...

U.S. impacted by most May tornadoes since 2015, storms and floods leave costly financial toll

Disaster & Management, Eco/Invest/Demography       Jun 07, 2019

  CHICAGO: Aon plc in its  latest edition of its monthly Global Catastrophe Recap report, evaluating  the impact of the natural disaster events that occurred worldwide during May 2019, has said that the total economic and insured losses in the US from the convective storm and...

U.S. Judges Grapple with Youths’ Constitutional Challenge to U.S. Climate Policy

  In a courtroom packed with environmental activists, federal judges wrestled Tuesday with whether climate change violates the constitutional rights of young people who have sued the U.S. government over the use of fossil fuels.   A Justice Department attorney warned three judges from the 9th U.S....

More than 1 million new curable sexually transmitted infections every day

Health       Jun 06, 2019

  Geneva:  Every day, there are more than 1 million new cases of curable sexually transmitted infections (STIs) among people aged 15-49 years, according to data released today by the World Health Organization.    This amounts to more than 376 million new cases annually of four infections...