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Some EU insurers relied on relief measures during stress test, says watchdog

by AIP Online Bureau | Dec 17, 2021 | International News, Life, Non-Life, Policy, Regulation

Industry body Insurance Europe said the results confirm the sector’s ability to meet promises to customers under extreme 1 in 1,000 year events The next test for insurers, which could include climate-related elements, won’t be until 2023 The test covered...

France says facial recognition company Clearview breached privacy law

by AIP Online Bureau | Dec 16, 2021 | International News, Regulation, Risk Management, Technology, Workplace/Employee Benefits

The CNIL stressed that Clearview’s collection of publicly-available facial images on social media and the Internet had no legal basis and breached European Union rules on data privacy. France’s data privacy watchdog CNIL has ordered Clearview AI,...

Ban drug ads to promote health

by AIP Online Bureau | Dec 16, 2021 | Articles, Eco/Invest/Demography, Health, Policy

In the US alone, USD 20 billion was spent in 2016 to convince doctors to prescribe brand-name drugs. The problem needs tackling at two ends: better regulation of promotion and making doctors less susceptible to it. Turning over-regulation to the drug companies, as is...

Refugees lack COVID shots because drugmakers fear lawsuits

by AIP Online Bureau | Dec 16, 2021 | Eco/Invest/Demography, International News, Non-Life, Pandemic

So far there is scant information on COVID vaccine litigation, but claims made to out-of-court compensation programmes are one measure of the risk. A programme in the United States has so far not paid out anything, public data show; neither has one set up by the WHO...

Global community steps up with $93 billion support package to boost resilient recovery in World’s poorest countries

by AIP Online Bureau | Dec 16, 2021 | Eco/Invest/Demography, Health, International News, Pandemic

The funds will be delivered to the world’s 74 poorest countries under the 20th replenishment (IDA20) program, which focuses on helping countries recover from the impacts of the COVID-19 crisis. In these countries, the ongoing pandemic is worsening poverty, undermining...
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