The move comes two days after the government — in a rare move —...
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Chinese cyber association calls for review of Intel products sold in China
The industry group goes on to state that operating systems embedded...
Sompo appoints Maya Dongyoung Lee as chief operating officer, Asia Pacific
Maya Dongyoung Lee as Chief Operating Officer, Asia Pacific, Sompo...
Emissions set to rise with global power demand – IEA
South East Asia is expected to see the strongest electricity demand, growing by an average 5% between 2022 and 2024, followed by the Asia Pacific region, which includes China, at around 4% over that period, slightly below pre-pandemic levels. Demand in North America...
Nokia and Schweizer Electronics deploy first ever AI-based video analytics to improve railroad crossing safety
Karsten Oberle, Head of Rail at Nokia, said: “As the first deployment of its kind in Europe, this project with Schweizer Electronics and BLT enabled us to address many of the level crossing safety issues which are at the top of priority lists for rail operators. It is...
For BP, car chargers to overtake pumps in profitability race
"If I think about a tank of fuel versus a fast charge, we are nearing a place where the business fundamentals on the fast charge are better than they are on the fuel," BP's head of customers and products Emma Delaney told Reuters BP says its fast electric vehicle...
SCOR and Swedish pension fund Alecta enter a strategic partnership through the Atlas Gotland sidecar
With this investment, Alecta will benefit from the performance of SCOR Global P&C’s diversified portfolio of property catastrophe reinsurance through a multi-year agreement Paris: SCOR announces that it has secured a USD 200 Million investment by the Swedish...
Lloyd’s and London market insurers tap DXC Technology to transform the world’s largest insurance marketplace
John Neal, CEO of Lloyd’s said: “With the respective commitments of DXC, Lloyd’s and the entire London market, we have the capabilities to transition to a single platform solution that will provide automated processing and accounting for the market, a substantial...
New life reinsurer “Martello Re” launched, funded by MassMutual, Centerbridge Partners and Brown Brothers Harriman
The company will initially focus on providing MassMutual and its subsidiaries with reinsurance capacity on current product offerings, after which it will offer its services selectively to other top insurers in the life and annuity space HAMILTON, Bermuda and...
‘Significant discipline’ at Jan. 1 reinsurance renewals may set tone for ’22:S&P
Retrocession capacity is becoming scarcer and more expensive, particularly at lower coverage layers and where it is offering protection against loss frequency. This is because capital markets investors who finance a large part of the market have grown weary of...
Canada opens probe into Tesla’s heating system on consumer complaints
A number of Tesla owners complained that the heat pumps are failing in extreme cold temperatures, according to Drive Tesla Canada, a Tesla news provider. The report said the heating problems happened even after Tesla early last year replaced faulty sensors in heat...
After six-week surge, Africa’s Omicron-driven fourth pandemic wave flattens: WHO
WHO Director-General Tedros Adhanom Ghebreyesus voiced concern that even though more than 9.4 billion vaccine doses have now been administered globally, 90 countries did not reach the target of vaccinating 40 per cent of their populations by the end of last year, and...
FOCUS-Life insurers adapt pandemic risk models after claims jump
Claims rose most in the United States, India, and South Africa due to the more lethal variants and a rise in fatalities or illnesses among younger and unvaccinated groups The global life insurance industry was hit with reported claims due to COVID-19 of $5.5 billion...