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Over 35 million new cancer cases predicted in 2050, a 77% increase from 2022
Lung cancer was the most commonly occurring cancer worldwide with...
Aviation lessor settlements with Russia over trapped planes
Lessors have been suing dozens of insurers over losses of at least...
Global coronavirus cases rise to more than 12 million
There have been more than 546,000 deaths linked to the virus so far, within the same range as the number of yearly influenza deaths reported worldwide. The first death was reported on Jan. 10 in Wuhan, China before infections and fatalities surged in Europe and then later in the United States
Munich Re’s digital solution to power Generali Indonesia for selling life insurance
Generali Indonesia selects Munich Re Automation Solution’s ALLFINANZ SPARK to streamline the paperless process and enhance the customers’ experience
’58 Indian-origin executives employ over 3.6 mln globally, account for $1 trillion in revenue’
Indiaspora said that many of these diaspora executives have led their companies in advancing social change by addressing racial injustice, climate and sustainability justice, and the disproportionate effects of COVID-19 through policy and financial commitments.
Bollywood wakes up to Covid-19 risks,Taapsee Pannu’s Looop Lapeta can be first film to be covered
“For instance, a crew member tests positive, the entire movie crew might have to be possibly quarantined. In that case, the producers will be covered from the money they are spending on days lost,” film’s producers Atul Kasbekar said.
Deutsche Bank and Google agree multi-year, strategic partnership
he deal is part of a 13 billion euro ($14.70 billion)technology investment Deutsche has planned up to 2022 as it restructures to recover from years of losses.
Covid-19 Pandemic:General insurance industry returns to growth path in June,NIA’s market share at a record 19% in Jun qtr
The industry, at Rs 13,961 crore,has seen a growth 8 per cent year- on- year growth in June but at Rs 39,392 crore has recorded a degrowth of 4.24 per cent y-o-y in June quarter.
However, for first quarter ending in June, the industry with 33 players ,have remained in the negative zone in its premium income.
The month of June has witnessed a lot mid and large private sector companies, which had recorded a negative premium growth in the last three months- March, Apr and May-have returned to the positive growth path.Some of these companies are- ICICI Lombard General Insurance, the largest private sector general insurer, HDFC Ergo Genera Insurance,IFFCO Tokio General Insurance,Reliance General Insurance,SBI General Insurance Company, Kotak Mahindra General Insurance Company, Magma HDI General Insurance Company and Universal Sompo General Insurance, .
However except Kotak Mahindra General Insurance and Universal Sompo General Insurance Company, rest in the pack has degrown their premium in June quarter. .
COVID-19 pandemic in Africa is now reaching ‘full speed’
Johannesburg: The coronavirus pandemic in Africa is reaching full speed and it's good to prepare for the worst-case scenario, the Africa Centers for Disease Control and Prevention chief said Thursday, after a South African official said a single province is...
Billion-dollar June hail event becomes one of Canada’s costliest severe weather events on record, Aon cat report
Meanwhile, several severe weather outbreaks in the United States in June resulted in an economic loss exceeding USD2.3 billion. The costliest event was a prolonged weather pattern from June 5-11 across much of the eastern two-thirds of the United States that caused total economic losses estimated at USD800 million, of which more than USD600 million was insured.
Australian Bushfires cause insured Losses of S$1.3B: PERILS
The industry loss data cover the peak period for the bushfires which occurred during the turn of the year, said PERILS, noting that the figure is based on detailed loss data collected from the vast majority of the Australian insurance market.
As insurers face hefty pandemic losses,newcomers see chance to step in
A lot of firms are reducing the amounts of business they do in certain types of insurance, creating space for new entrants, said Convex deputy chief executive Paul Brand.Investors’ appetite for higher returns when central banks are putting in trillions of dollars in stimulus is attracting them to insurance.Broker Hyperion estimates around $16 billion in capital has already been raised by insurers this year, compared with $9 billion over the same period last year.