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Europe’s insurers may face new capital rules for climate risk
The goal is “to ensure the continued protection of policyholders...
Lloyd’s appoints Alexandra Cliff as Chief Financial Officer
Alexandra Cliff Chief Financial Officer-designate, Lloyd's Alex has...
IMF, World Bank, WFP and WTO urge coordinated action on food security
In a joint statement, the leaders of the four institutions warned that the war in Ukraine was adding to existing pressures from the COVID-19 crisis, climate change and increased fragility and conflict, threatening millions of people worldwide The World Bank,...
U.S. says advanced hackers have shown ability to hijack ‘multiple’ industrial control systems
An executive at Dragos, the cybersecurity firm that helped uncover the cybersabotage tool used by the hackers, said the tool was "highly capable" and had likely been in the works for several years. "It is as dangerous are people are making it out to be," Dragos...
LIC emerges as the 9th most valuable and 4th strongest global insurance brand in 2022
In terms of most valuable insurance brand, at $ 11. 1 billion(up 30% from $8.65 billion in 2021), LIC in 2022 has moved one place up in its global ranking to the ninth position from 10th in 2021, However in the global top 10 list which is dominated by Chinese insures(...
Munich Re Life US to acquire a health information exchange
In line with Munich Re’s digital strategy and commitment to helping our life insurer clients grow their business intelligently, Munich Re’s acquisition of Clareto will enable Munich Re to structure EHRs for optimal use in life insurance underwriting. NEW YORK: Munich...
Tom Bolt appointed as executive vice president and chief risk officer of AIG
“Over his more than 35 years in insurance and reinsurance, Tom has developed deep underwriting expertise and, since joining AIG in 2018, he has played a critical role in the turnaround of our general insurance business by setting standards for underwriting excellence...
UNDP and Generali partner to develop insurance and risk finance solutions
"On average, the world's poorest countries lose $29 billion every year from disasters yet a meagre 3% of these losses are covered by insurance," says UNDP Administrator, Achim Steiner "This new partnership with Generali will allow UNDP to extend much-needed insurance...
J&J must pay $302M in pelvic mesh case: US Court
Superior Court Judge Eddie found after a non-jury trial that the company made misleading and potentially harmful statements in hundreds of thousands of advertisements and instructional brochures for nearly two decades SAN DIEGO: A California appeals court has upheld a...
Global initiative to combat noncommunicable diseases, responsible for 7 in 10 deaths worldwide
NCDs are largely preventable and treatable, nearly seven million lives could be saved for just US$ 0.84 per person per year from now until 2030, says the UN health agency This investment would realize more than $230 billion in economic and societal benefits and head...
UN: COVID plunged 77 million into poverty before Ukraine war
According to the U.N., 812 million people lived in extreme poverty — on USD 1.90 a day or less -- in 2019, and by 2021 amid the pandemic the number had risen to 889 million A UN analysis indicates ''1.7 billion people are faced with exposure to spiking food, energy...
Sri Lanka’s doctors association urgently seeks medicines to tackle drug shortage amid economic crisis
“Due to poor financial and economic management, the Sri Lankan healthcare sector is on the verge of a severe crisis in saving the lives of patients caused by severe drug and equipment shortages. We need your generous support at this crucial time to continue the...