In most of African countries , the number of confirmed mpox cases...
Category:
International News
Latest
GIC Re emerges as the 10th largest global reinsurer in AM Best’s latest chart
In AM Best's `World’s 50 largest reinsurers in 2023’, Munich Re is...
California lawmakers pass AI safety bill
The bill requires developers of large "frontier" AI models to take...
Tech giant Xiaomi patents earthquake monitoring mobile tech
The patent describes a system that is capable of reading/monitoring seismic activity from a mobile equipment. This technology would be used in detecting earthquakes, reports GizmoChina.
The ‘mobile device’ would transfer key data obtained to send it to an earthquake processing center.
The system would also permit the underlying processor to identify and predict earthquake events based on multiple readings, the report added.
Biden asks world leaders to cut methane in climate fight
Biden made the remarks during a virtual meeting of the Major Economies Forum (MEF), a follow-up to an Earth Day meeting he hosted in April to unveil new U.S. greenhouse gas emissions reduction targets and press other countries to do more to curb theirs.
The United Kingdom heeded the call, with Prime Minister Boris Johnson pledging to be among the first signatories of the Global Methane Pledge to reduce emissions of the harmful gas.
Argentina, Indonesia, Italy and Mexico also joined the alliance, while Ghana and Iraq signaled interest in joining, according to a White House summary of the meeting, which noted those countries represent six of the top 15 methane emitters globally.
Bad for business: World Bank China rigging scandal rattles investors
Economists said such reports – by the World Bank and others – were useful but had long been vulnerable to manipulation. They said some governments, especially in emerging market countries who want to demonstrate progress and attract investment, could become obsessed with their position in the reports, which assess everything from ease of paying taxes to legal rights.
World needs to spend another $100 trln on UN fight against global woes – report
The U.N.’s Sustainable Development Goals set targets on everything from the environment to health and equality and have the support of all member states, yet the supply of finance from governments, investors, banks and companies to help meet them has consistently fallen short.Adding the costs of financing the global transition to a low-carbon economy to limit global warming, and total funding out to 2050 comes in at $200-$220 trillion, the report added. The SDGs are a global “to-do” list addressing such issues as war, hunger, land degradation, gender equality and climate.
Moody’s completes acquisition of RMS
Karen White, RMS chief executive officer, called Moody’s is an “exceptional fit” for RMS and its customers. “Global risks are now more complex, connected and systemic. Climate change and catastrophic events like extreme weather, pandemics and cyberattacks have broader and more harmful impacts across virtually all industries. We share the vision to bring a global, integrated risk assessment platform to our markets with the goals of deeper, more sophisticated risk insights and greater global resiliency,” White said
U.N. says world likely to miss climate targets despite COVID pause in emissions
“This year has seen fossil fuel emissions bounce back, greenhouse gas concentrations continuing to rise and severe human-enhanced weather events that have affected health, lives, and livelihoods on every continent,” he said. Concentrations in the atmosphere of the major greenhouse gases – CO2, methane, and nitrous oxide – continued to increase in 2020 and the first half of 2021, the U.N. said.
Total market cap of listed InsurTechs surpasses $22 billion in 2020:Capgemini Report
For the first time, 50% of customers today are willing to consider coverage from a new age player.
“As traditional insurers expand their ecosystems to remain competitive, they must increasingly consider the value achievable through trusted partners, including BigTechs, InsurTechs and non-traditional players like original equipment manufacturer (OEMs). The numbers clearly suggest that exponential InsurTech growth is here to stay, so delivering superior customer CARE(Convenience, Advice and Reach) is essential. Future success in the industry will depend on players’ existing capabilities across the value chain, willingness to invest, and desire to own the customer relationship,” said John Berry, CEO of Efma.
UK COVID-19 business insurance payouts top one billion pounds -watchdog
The Financial Conduct Authority (FCA), which had brought a closely-watched test case on behalf of policyholders against major insurers, said on Wednesday that 27,248 companies out of 42,308, which had had claims accepted, had received at least an interim payment.
Asia supercharges vaccination efforts after slow start, U.S. lags
While each country’s inoculation strategies differ, Asia’s momentum reflects pent-up demand for the shots as a means to ease lockdowns, said Paul Griffin, an infectious disease expert at the University of Queensland in northeast Australia.
Australia is giving priority supplies to its largest cities, which are in lockdown to contain a third wave of infections fuelled by the Delta variant. It expects to have enough to complete vaccinations of those older than 12 by mid-October. read more
Japan has overcome initial logistics hurdles to give about a million shots a day since mid-June, as urgency has grown after Delta unleashed an unprecedented wave of infections and serious cases in August.
Allianz Partners expands its Digital Health Assistant to ten markets in Asia-Pacific
“We are very excited to bring Digital Health Assistant to our customers and partners in the Asia-Pacific region. Allianz Partners’ focus on accelerating its Digital Access to Care initiatives comes at a time of increasing demand for telehealth solutions and comprehensive digital health services particularly in the context of the ongoing Pandemic. We’ve reached a new milestone in bringing peace of mind and reassurance to our customers with this all-in-one platform. Allianz Partners will continue to invest in bringing market leading health and mental wellbeing solutions to support our customers and communities,” comments Vinay Surana, CEO Asia Pacific, Allianz Partners.