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El Niño sees African Union Insurance Agency pay out $60 million
El Niño is caused by ocean currents that bring dry and hot weather...
Indian pet insurance market poised for exponential growth: experts
"Rising pet ownership, industry growth, proactive insurance...
Vaccines: 200 years of progress and scepticism
Four in 10 Americans, and six in 10 French people say they will not get vaccinated against the virus, even if the shot is free
British grandma is first in world to get Pfizer vaccine outside trial
Britain is the worst-hit European country from COVID-19, with over 61,000 deaths, but Prime Minister Boris Johnson hopes to turn the tide against the disease by rolling out the Pfizer/BioNTech vaccine before the United States or European Union.
Large US study confirms Covid-19 complications: lung, kidney and cardiovascular issues
The most common complications associated with Covid-19 were pneumonia, respiratory failure, kidney failure, and sepsis or systemic inflammation, consistent with other studies.The researchers also found associations with a range of other lung and cardiovascular conditions, such as collapsed lung, blood clotting disorders and heart inflammation, although the risk of these was relatively low
Ambani hints at 5G rollout in second half of 2021
5G is the 5th generation mobile network that enables connecting virtually everyone and everything together including machines, objects, and devices.
“We are creating compelling home-grown solutions in education, healthcare, agriculture, infrastructure, financial services and new commerce,” Mukesh Ambani said. “Each of these solutions, once proven in India, will be offered to the rest of the world to address global challenges.”
Covid-19 antibodies may fade very quickly: Study
The authors said their findings may raise important questions about the reliability of seroprevalence studies, since the rapid waning of antibody titters may lead to an underestimation of how many people may have been previously infected in a given population.
“The decrease in antibodies after infection also raises the question of how long antibodies elicited by vaccination will last, and whether frequent boosting will be needed to maintain protection,” the authors noted.
Last month was the hottest November ever
“These records are consistent with the long-term warming trend of the global climate,” said Carlo Buontempo, director of the Copernicus Climate Change Service. “All policy-makers who prioritize mitigating climate risks should see these records as alarm bells.”
“All policymakers who prioritise mitigating climate risks should see these records as alarm bells and consider more seriously than ever how to best comply with the international commitments set out in the 2015 Paris Agreement”.
Global reinsurance market outlook stable, reinsurance capital exceeds $470 billion in 2020:AM Best
In its new Best’s Market Segment Report, “Market Segment Outlook: Global Reinsurance,” AM Best states that the current market hardening likely will need to continue for at least a couple of years to have a meaningful impact on the segment. Additionally, pricing momentum will have to be sufficient to offset losses from previous years, including the impact of COVID-19 and ongoing impact from social inflation.
French insurers to freeze premiums for sectors hardest hit by virus
Under pressure from French Finance Minister Bruno Le Maire,insurers faced the prospect of being hit by a 1.2 billion euro ($1.45 billion) tax if they did not offer to keep premiums steady next year.
Le Maire, who had been concerned some insurers were preparing to hike premiums, said the freeze would benefit hotels, restaurants and bars as well as firms in the tourism, sports, culture and events industries.
Tokyo Olympics delay costs near $2.8 billion
About two-thirds of the added costs are being picked up by the two government entities, with the other one-third going to the privately funded organizing committee.
German prosecutors probe EY auditors over Wirecard collapse
EY said on Friday that “it is not aware of any indications of criminal behaviour by its auditors at Wirecard. EY has supported the investigations of the responsible authorities from the outset and will continue to do so in full.”
Wirecard collapsed into insolvency in June after EY, its auditor for more than a decade, was unable to confirm the existence of 1.9 billion euros ($2.3 billion) purportedly held in offshore trustee accounts.