Andreas Berger, Group CEO, Swiss Re After the keynote address by...
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Global insured cat losses to exceed $102 billion: Aon
The report highlights that insured losses from primary perils...
APAC presents an attractive growth narrative, facilitating sustained reinsurance capacity: S&P report
However, challenges are emerging, including rising physical risks,...
Pfizer to allow generic versions of its COVID pill in 95 countries
Pfizer, which also makes one of the mostly widely used COVID-19 vaccines, has said the pill cut the chance of hospitalisation or death for adults at risk of severe disease by 89% in its clinical trial. read more The drug will be used in combination with ritonavir, an...
Ninety-Five Percent of Global Insurers Believe Climate Risk is Investment Risk:Blackrock study
BlackRock study shows insurers representing US$27trn in assets are prioritising sustainable investing, diversification to higher-yielding assets and technological transformation, as concerns about climate change intensify LONDON: Insurers are increasingly concerned...
Global wealth surges as China overtakes US as world’s richest nation
As computed by McKinsey, 68% of global net worth is stored in real estate. The balance is held in such things as infrastructure, machinery and equipment and, to a much lesser extent, so-called intangibles like intellectual property and patents.Financial assets are not...
Willis Towers Watson appoints Aon’s Hugo Wegbrans as Global Head of Broking and Broking Strategy
Hugo joins WTW from Aon, where he has most recently been Leader, Global Strategies, for its Commercial Risk Solutions business. Prior to that, he served as Global Chief Broking Officer. He has spent the majority of his 35-year career with Aon. LONDON: Willis Towers...
Tobacco use continues to fall, but still ‘long way to go’.
The number of tobacco users continues to decrease globally, going from 1.32 billion in 2015 to 1.30 billion last year, the World Health Organization (WHO) said on Tuesday. Approximately 38 million children between the ages of 13 and 15 currently use tobacco, 13...
Big four global reinsurers improve earnings despite high nat cat losses:Fitch
Sharply lower non-life claims related to the coronavirus pandemic more than offset high, and above-budget, natural catastrophe losses, Fitch Ratings says. The pandemic had a strong impact on the life and health reinsurance activities of the major reinsurers, which had...
US health agency eases Covid-19 travel advisory for India, Pakistan
In its advisory for India, the State Department urged US citizens not to travel to Jammu and Kashmir due to terrorism and civil unrest, and also within 10 kilometres of the India-Pakistan border due to the potential for armed conflict. "Indian authorities report rape...
Global Covid-19 Caseload Tops 253.8 Million, Deaths Over 5.10 Million
The US continues to be the worst-hit country with the world's highest number of cases and deaths at 47,221,549 and 764,363, according to the CSSE.The second worst hit country in terms of cases is India (34,447,536 infections and 463,655 deaths), followed by Brazil...
Russian test blamed for space junk threatening space station
A Russian weapons test created more than 1,500 pieces of space junk that is now threatening the seven astronauts aboard the International Space Station, U.S. officials said Monday. The State Department confirmed that the debris was from an old Russian satellite...
General insurance industry in China to reach US$313 billion in 2025, forecasts GlobalData
Deblina Mitra, Senior Insurance Analyst at GlobalData, comments: “Despite being the second-largest general insurance industry globally, China’s general insurance penetration at 1.3% is way below the developed markets’ average of 4%. This is mainly because the general...