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Cyber Insurance: Largest potential lies in the SME opportunity, says Swiss Re
Dani Tobler.Head Cyber Reinsurance at Swiss Re "North America...
End the secrecy: Insurers call on the EU to regulate private Third-Party Litigation Funding
Currently, the practice whereby private investors who are not party...
Covid-19 disrupted critical mental health services in 93% countries
Worldwide, more than 13 per cent of adolescents aged 10 to 19 are affected by deteriorating mental health. UNICEF reported that by October 2020, critical mental health services in 93 per cent of countries were disrupted or halted due to coronavirus spread....
AM Best Maintains Negative Outlook on China’s Non-Life Insurance Industry
Motor insurance, which accounted for 63% of non-life direct premiums in 2019, decreased significantly to 54% as of September 2021. With the combined impact of the economic fallout from the COVID-19 pandemic during the first half of 2020, and the implementation of the...
AM Best Maintains Stable Outlook on Global Reinsurance Industry
“Unfavorable loss cost trends and high catastrophe activity continue to dampen returns on capital, which should keep the industry focused on the need to push for more rate increases,” said Greg Dickerson, associate director AM Best has maintained its market segment...
India to provide technical support on disaster resilience of infrastructure systems to 58 Small Island Developing States: Govt
Jitendra Singh,union minister of state (Independent Charge) Science & Technology India, UK, Australia, Fiji, Jamaica and Mauritius jointly launched an initiative, Infrastructure for Resilient Island States (IRIS) to provide technical support on disaster resilience...
Covid: Pfizer, BioNTech say third dose neutralises Omicron variant
Pfizer Chief Executive Officer Albert Bourla “It’s clear from these preliminary data that protection is improved with a third dose,” Pfizer Chief Executive Officer Albert Bourla said in a statement. The initial data show a third dose could offer still offer enough...
Argenta to withdraw from Lloyd’s China Platform
Andrew Annandale, Managing Director of ASML and Chief Executive Officer of ASML’s parent, Argenta Holdings Limited, commented:“The decision to withdraw our support from the Lloyd’s China platform has not been taken lightly and will enable us to simplify operations and...
Omicron reported in 57 countries, hospitalisations set to rise, says WHO
The WHO, in its weekly epidemiological report, said more data was needed to assess the severity of disease caused by the Omicron variant and whether its mutations might reduce protection from vaccine-derived immunity "Even if the severity is equal or potentially even...
Munich Re to digitalise Tokio Marine’s NEW BUSINESS in Malaysia
“Before COVID-19, we conducted most of our business face to face. However, the onset of the pandemic made it necessary to shift into a different way of doing, and thinking about, business. Munich Re’s ALLFINANZ SPARK will help to utilize more digitally advanced...
New data shows GSK-Vir drug works against all Omicron mutations
The data, yet to be published in a peer-reviewed medical journal, shows that the companies' treatment, sotrovimab, is effective against all 37 identified mutations to date in the spike protein, GSK said in a statement London: British drugmaker GSK said on Tuesday its...
Property Cat Reinsurance Rates to Rise Double-Digit at 2022 Renewals:Fitch
``We expect 2022 to be the fifth successive year of price rises, although we expect growth to be slower than in 2021 as non-loss-affected lines of business are likely to show a broadly stable price development,''said the rating agency.. Attractive rates and healthy...