Digital Markets Act breaches could cost the companies as much as...
Category:
Eco/Invest/Demography
Latest
US sues Apple, alleging it illegally monopolized the smartphone market
The Justice Department said Apple charges as much as $1,599 for an...
Hackers carrying out disruptive attacks on water systems: US
In a letter released Tuesday, National Security Advisor Jake...
Single-day COVID-19 cases in India below 75,000, recovery rate rises to 83.01 pc
There are 9,47,576 active cases in the country which comprise 15.42 per cent of the total caseload, the data stated.
The COVID-19 case fatality rate was recorded at 1.57 per cent.
Lack social bonding, rising insecurity, hypertension & stress increase heart disease risks amid COVID-19: Bharti AXA Study
· 50% of respondents over 45 years of age experienced anxiety due to lack of social bonding, heightening stress level
· Better work-life balance in smaller cities as larger cities are seen grappling with it
· Males are more focused on their health and well-being than their counterparts
UK watchdog sets Wednesday deadline for agreement on business insurance claims
Hundreds of thousands of mainly small British businesses are waiting to hear if their insurer will pay out imminently, or keep them waiting while they appeal.
London’s High Court ruled that some of the world’s biggest insurers were wrong to reject thousands of claims from small firms battered by the COVID-19 pandemic.
The FCA said it continues to “work closely and at speed” with the eight insurers and two intervenors that participated in the test case to reach an agreement in principle on a range of issues to avoid a “leapfrog” appeal to the Supreme Court.
African Risk Capacity partners with insuretech Pula to Deliver Agric Index Insurance products to African Farmers
In just over 6 years of operations, 56 policies have been signed by the ARC Member States with USD 83 million paid in premiums for cumulative insurance coverage of USD 641 million and the protection of 64.1 million vulnerable population in participating countries.
From this, ARC Ltd made $60m payouts to the Governments of Senegal, Niger,Mauritania, Malawi, Cote D’Ivoire, the START Network and WFP following droughts episodes in 2014, 2015 and 2019.
China to tighten supervision of country’s booming online insurance business
The rules will also require Internet companies to obtain insurance licenses before involving in the business, according to the draft.”The fast development in the online insurance sector has exposed certain problems,” the CBIRC said, “The rules are to effectively defuse the risks and protect the interest of consumers.”
COVID tally crosses 60 lakh; 1,039 more deaths
The total coronavirus cases mounted to 60,74,702, while 50,16,520 people have recuperated from the virus, taking the recovery rate to 82.58 per cent. The case fatality rate declined to 1.57 per cent, it said.
‘Take home’ lawsuits over COVID infections could be costly for U.S. employers
Between 7% and 9% of the roughly 200,000 U.S. COVID-19 deaths so far are believed to stem from take-home infections and the lawsuits could cost businesses up to $21 billion if the number of Americans fatalities reaches 300,000, according to Praedicat, a firm that evaluates risks for insurers.
Most executives seek work-life balance after experiencing pandemic blues – survey
Many top company officials in France and Egypt were most likely to have recalibrated their lives after experiencing the pandemic blues, followed by those in the United Arab Emirates, the United States and Britain, according to a survey of about 2,000 high net-worth individuals by health insurer Bupa Global.
Many life insurers need a new core system:Celent & Equisoft Report
Celent’s APAC insurance technology expert, Max Ang said, “The insurer of tomorrow will be a technology-focused enterprise, augmenting current experiences with digital tools and automation, and with collaborations with partners for success. The next-generation insurer will serve, and customers will engage, based on the evolving needs required.”
Poorer countries to get 120 million $5 coronavirus tests, WHO says
WHO Director General Tedros Adhanom Ghebreyesus said the manufacturers Abbott and SD Biosensor had agreed with the Bill & Melinda Gates Foundation to “make 120 million of these new, highly portable and easy-to-use rapid COVID-19 diagnostic tests available over a period of six months”.
“This will enable the expansion of testing, particularly in hard-to-reach areas that do not have laboratory facilities or enough trained health workers to carry out tests,” Tedros said.