Price increases will drive stronger earnings for reinsurers through 2022 amid the post-pandemic economic recovery
Capitalization remains solid with solvency ratios well above regulatory thresholds
Uncertainty over Covid liabilities has diminished although pandemic-related claims continue to affect earnings for some large multiline reinsurers in 2021, driven by higher than expected mortality claims. The pandemic has caused reinsurers to take a more prudent stance towards systemic risk management, including communicable disease, cyber events and climate change.
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Health
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Internet and smartphones are damaging wellbeing of people: Study
Abdullah Al-Rashid, Director of Ithra’s Digital wellbeing program says: “As an organisation dedicated to individual enrichment, we at Ithra want to understand the cultural impacts of mankind’s growing reliance on the internet and social media. Unfortunately, our research shows that half of all people believe over-reliance on these platforms is damaging their wellbeing. This is why we are launching Sync – a new initiative designed to raise awareness about digital wellbeing, support novel research in partnership with global entities, and unite thought leaders globally to find new ways to protect the public.”
Global bodies join hands to launch 500 actions to reduce environmental health burden
Environmental pollution and other environmental risks cause 24 per cent of deaths through, for example, heart disease, stroke, poisonings, traffic accidents, and others, all of which could at least be substantially reduced, if not eliminated, through bold preventive action at national, regional, local and sector-specific levels.
Air pollution alone leads to 7 million deaths each year, while climate change is expected to contribute increasingly to a broad range of health impacts, both directly and indirectly through effects on biodiversity.
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