Earlier in the day, an earthquake of magnitude 3.6 jolted Uttar...
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World Bank signs financing agreements to strengthen Nepal’s health system
The program emphasizes improving the readiness of the health system...
China basic pension fund posts 0.33% investment gain in 2022
The basic pension fund manages a total 1.62 trillion yuan by the...
China to allow 100% FDI in life insurance sector from Jan 2020
Currently, there are at least 28 foreign owned life insurers in China, with AIA being the only company to have a 100% shareholding.The first wholly owned foreign insurance operations were granted almost a year ago, when Axa bought out its domestic joint-venture partner and within the last few weeks Allianz won initial approval to set up a wholly owned holding company. AIA also owns its China business outright, but it was grandfathered in under a licence that pre-dated the restrictions
Calpers says one-fifth of public holdings exposed to climate risk
About 6 per cent is in materials and buildings, and 3 per cent in agricultural industries, both of which could lose value as a warming globe creates sea level rise and increases the frequency and intensity of drought, wildfire, hurricanes and other extreme weather.
Passenger vehicle sales decline marginally in November
Domestic car sales were down 10.83 percent to 1,60,306 units as against 1,79,783 units in November 2018, according to data released by the Society of Indian Automobile Manufacturers (SIAM)
Willis Towers Watson launches new software for IFRS 17
“Regulatory and other reporting requirements are driving the pace of change, in particular IFRS 17, with data, governance controls, process automation and dissemination of information at the top of the agenda,” said Andy Teale, Global IFRS 17 P&C Technology Leader, at Willis Towers Watson.
IRDAI seeks suggestions from industry players on FDI hike
HDFC Life Insurance Company, SBI Life Insurance Company and ICICI Prudential Life Insurance Company gained more than 2 percent each, while General Insurance Corporation of India climbed 4 percent and New India Assurance Company rose 7.8 percent.
India among top 10 countries with higher climate performance: Report
“The new Climate Change Performance Index shows signs of a global turnaround in emissions, including declining coal consumption,” said Ursula Hagen, one of the authors of the index jointly presented by Germanwatch, NewClimate Institute and Climate Action Network (CAN).
“However, several large countries are still trying to resist this trend – above all the US. We see opportunities for a halt to rising global emissions – but much will depend on further developments in China and the elections in the USA. Both countries are at cross roads,” Hagen said.
Climate regulations could disrupt investment strategies
Coal firms could lose as much as 44 per cent in value, while the world’s top oil and gas companies risk losing up to 31 per cent of their current market share, according the report which forecasts oil demand peaking around 2027.
WTW partners with Tricor Hong Kong on people and risk mitigation solutions to its 50,000 global clients
This new partnership will enable Tricor clients base of Fortune 500 listed companies access to offerings and services from Willis Towers Watson (WTW), which include workforce protection and risk transfer solutions. WTW will also complement Tricor’s business solutions and facilitate companies, with mainland Chinese business footprint, in their expansion into the growing markets in Asia, as well as support companies at every stage of their pre-and-post IPO process.
Health experts warn of emerging threat of Nipah virus
Within two years of being first discovered, Nipah had spread to Bangladesh, where it has caused several outbreaks since 2001. A 2018 Nipah outbreak in Kerala killed 17 people.
Germany, Global Parametrics and Hannover Re unvel a new Natural Disaster Fund Deutschland
Dr. Maria Flachsbarth, Parliamentary State Secretary to the Federal Minister for Economic Cooperation and Development (BMZ), said, “The NDF is an innovative mechanism that brings together public and private insurance players for the benefit of poor and vulnerable people who far too often face a protection gap. While about 50 percent of disaster losses are covered by insurance in high-income countries, the corresponding proportion in poorer countries is less than five percent. The BMZ is committed to help closing this gap through a substantive contribution to the NDF”.