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Risks and Opportunities: Impact of U.S. Tariffs on Asian businesses
Trade credit, political risk insurance and surety to secure...
Soaring civil unrest and protest activity concerns companies and insurers: Allianz
More than 80,000 incidents in top 20 countries connected to protest...
Insurance for safeguarding employee value:Lloyd’s report
COVID-19 has exacerbated many of the risks involving human capital value. With the pandemic impacting the entire workforce globally, and many organisations still operating under a remote working model, the value of employees in achieving productivity is vital for business continuity. It is becoming increasingly apparent that talent attraction and retention, and employee wellbeing are not just intrinsically linked, they also have a direct impact on business performance.
Covid-19 crisis pushes up the Indian cost of living – and dying
India’s second wave of the coronavirus has not only created shortages of oxygen, medicines and hospital beds, but also of wood for funeral pyres, hearses and crematorium slots, forcing people like Khondare to pay exorbitant amounts to perform the last rites of loved ones.
World Insurance Report 2021: Insurers must blend physical and digital distribution models in a post-pandemic era
AI-based analytical tools and a 360-degree view of customers is essential for a customized customer-experience. The most successful insurers will win and retain customers by reinventing their operating ecosystem to support a ‘phygital’ model based on a mix of physical presence and digital engagement.
“Insurers have an opportunity to convert digital traffic to sales by focusing on a hyper-personalized virtual experience,” said Anirban Bose, CEO of Capgemini’s Financial Services and Group Executive Board Member.
Vaccine lottery: Indian states grapple with how to share COVID-19 jabs
Many poor Indians do not have biometric identification cards that are often required to access public services, including vaccination registration – allowing those who do to jump the vaccine queue. In some instances, residents from the cities of Pune, Bengaluru and Hyderabad have booked slots in rural health centres, driving out into the countryside to get their shots, according to local media reports.
The real pandemic risk from India is tracking new variants of Covid-19
India, too, needs to do its part. Even as it struggles to provide hospital beds, oxygen and antivirals to its gasping citizens, New Delhi must step up genome surveillance to figure out–for itself and the rest of the world–what exactly is going on. Plans being laid for reopening and economic recovery everywhere could depend on it.
Driverless taxis to cancer drugs: Google’s moonshots are serious business
More than half of that “Other Bets” valuation, though, would come from Waymo LLC, the self-driving taxi company whose chief executive officer John Krafcik stepped down last month after it became clear the promise of self-driving wouldn’t be fulfilled as soon as many tech optimists expected a few years ago. Time was when some investors valued Waymo above $100 billion; that number has reportedly melted to about $30 billion. How the business can make money in the near future is still unclear.
US employers brace for Covid’s Mental Health fallout as workers return
“We’re seeing pretty alarming numbers,” said Vaile Wright, senior director of healthcare innovation at the American Psychological Association (APA), who oversees its Stress in America survey. “People’s bodies and minds just aren’t in quite the fit place they were in a year ago.”
Tens of millions have plunged into poverty in Covid ravaged India
Economists warn depleting household savings and falling incomes will have an impact on domestic consumption, which accounts for almost 60% of GDP. A study by Nikhil Gupta, an economist at Mumbai-based brokerage Motilal Oswal Financial Services Ltd., found that India’s household savings dropped to 22.1% of GDP in the quarter through December, from 28.1% in the three months ended June last year. Full-year numbers show India’s savings growth lagged behind the likes of the U.S., the U.K. and Japan, he said.
‘Turning the Corner’: U.S. COVID outlook reaches most hopeful point yet
Americans have entered a new, hopeful phase of the pandemic. Buoyed by a sense that the coronavirus is waning, in part because of vaccinations, more people are shrugging off masks, venturing into restaurants and returning to their pre-pandemic routines. Mayors, governors and other local officials — once the bearers of grim news about the virus’s toll and strict rules for businesses — have joined in the newfound optimism, rapidly loosening restrictions.
Public health experts remain cautious, but said that while they still expect significant local and regional surges in the coming weeks, they do not think they will be as widespread or reach past peaks.
Covid, Cyber, Compliance and ESG top risk concerns for financial services sector: Allianz
“The financial services sector faces a period of heightened risks. Covid-19 has caused one of the largest ever shocks to the global economy, triggering unprecedented economic and fiscal stimulus and record levels of government debt,” says Paul Schiavone, Global Industry Solutions Director Financial Services at AGCS. “Despite an improved economic outlook, considerable uncertainty remains. The threat of economic and market volatility still lies ahead while the sector is also increasingly needing to focus on so-called ‘non-financial’ risks such as cyber resilience, management of third parties and supply chains, as well as the impact of climate change and other Environmental Social and Governance (ESG) trends.”