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Climate change may up health risks, exceed $1.5 trn productivity loss by 2050: Report
“We are entering an era in which protecting worker health is...
Gallagher teams up with Vanguard Tech to support clients with maritime risk and security insight
Gallagher can now provide clients with a tool which helps to...
AXA weighs offloading $2 bln reinsurance arm to cut disaster risk – sources
French insurer AXA SA has been discussing strategic options for its XL Re unit, including a possible private sale or stock market listing, said the people, who spoke on condition of anonymity Paris: One of the world’s top insurers is mulling offloading its property...
Jacques de Vaucleroy selected as chairman of Swiss Re
Jacques de Vaucleroy, vice chairman, Swiss Re After careful consideration, the reinsurer's Governance and Nomination Committee under the lead of Joerg Reinhardt concluded that Jacques de Vaucleroy be proposed for election as the new Swiss Re Chairman at the next AGM...
WTW launches Asia’s first 4-peril parametric insurance solution to unlock financing for aquaculture development
``Our new 4-peril parametric insurance provides an efficient and simplified solution to support businesses vulnerable to multiple weather events that are not covered by traditional insurance products in the market. WTW has structured the region’s first 4-peril...
Indonesia’s parliament approves changes to healthcare laws amid protests
The new laws will make it easier for foreign doctors to practise in Indonesia, enable patients to file criminal complaints against medical workers for malpractice and remove a requirement for the state to allocate 5% of its budget to the health sector, a...
India registers remarkable reduction in poverty with 415 million people coming out of it in 15 years: UN
According to the 2023 release, 1.1 billion out of 6.1 billion people (just over 18 per cent) live in acute multidimensional poverty across 110 countries. Sub-Saharan Africa (534 million) and South Asia (389 million) are home to approximately five out of every six poor...
Helicopter with six on board missing near Mount Everest in Nepal
According to initial reports, the helicopter was carrying a total of six individuals. It was piloted by Senior Captain Chet Gurung, the Himalayan Times newspaper quoted a source as saying Kathmandu:, A Manang Air helicopter with six people aboard went missing near...
Meta, OpenAI sued by Sarah Silverman sues over copyright
The lawsuits underscore the legal risks developers of chat bots face when using troves of copyrighted material to create apps that deliver realistic responses to user prompts Comedian Sarah Silverman and two authors have filed copyright infringement lawsuits against...
London is falling down and it’s because of climate change
That phenomenon — known as subsidence — has become worse in the UK after last year’s drought and a deadly heat wave that pushed temperatures past 40C (104F) in July 2022 to record levels The damage has triggered the highest insurance payout in almost two decades, with...
Robots say they won’t steal jobs, rebel against humans
In the world’s first human-robot press conference, they gave mixed responses on whether they should submit to stricter regulation The nine humanoid robots gathered at the ‘AI for Good’ conference in Geneva, where organizers are seeking to make the case for artificial...
Allianz ropes in AIG’s Christian Sandric as commercial managing director Asia
Christian Sandric In Asia, Allianz is targeting significant growth opportunities across the full Commercial segment which entails mid-sized companies, large multinational corporations and specialty business leveraging its extensive geographical network, enhanced...