Thierry Leger,Chief Executive Officer,SCOR SE The Paris-based...
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Companies ‘Paralyzed’ as Australia plans tough climate rules
Authorities estimate the average cost of compliance to be A$1...
Global aviation insurance premium to hit a 20-year high of more than $8bn in 2024, says Allianz
Analysis of more than 32,000 industry claims from 2019 - 2024 with...
Merchant ship crews still stuck at sea amid Pandemic
Some have been stranded for as long as 20 months, which contravenes the International Labor Organization’s Maritime Labour Convention, which allows a maximum of 11 monthsMore than 80% of world trade is transported by sea, meaning seafarers play a critical role in global commerce. The International Chamber of Shipping estimates that 200,000 are affected by travel restrictions, either stuck at sea or unable to leave home to get to their ships.
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Swiss health ministry data shows vaccinated people seldom hit by COVID-19
Only 209 of 180,000 new infections recorded in Switzerland between Jan. 27 and June 21 were in people fully vaccinated with shots from Moderna or Pfizer and Germany’s BioNTech, according to Swiss Federal Health Ministry data provided to Reuters on Thursday.
Oz, Israel were Covid success stories till Delta strain struck
In Australia, around a million people in four eastern and central Sydney neighbourhoods, which include Bondi Beach, were ordered to stay home for at least a week as total infections in an outbreak connected to the Delta variant topped 60. The lockdown is a shock for a population that had returned to relative normality after months of recording few cases.
Israel, which has prided itself on having one of the world’s most successful vaccination campaigns, has seen infections surge since dropping a requirement to wear masks in enclosed public places 10 days ago.
Intel CEO says chip shortage to hit bottom in second half of 2021
“I don’t expect the chip industry is back to a healthy supply-demand situation until ’23,” he said in an interview. “For a variety of industries, I think it’s still getting worse before it gets better.”
Longer-term, the chip industry is positioned for a period of growth, Gelsinger predicted. Over the next decade, the increasing uses for chips – including 5G phone systems, electric vehicles and expanded artificial intelligence – will drive strong demand, he said.
Global Covid-19 caseload tops 179.9 mn; deaths surge to more than 3.89 mn
In its latest update on Friday morning, the University’s Center for Systems Science and Engineering (CSSE) revealed that the current global caseload and death toll stood at 179,928,730 and 3,898,531, respectively.
The US continues to be the worst-hit country with the world’s highest number of cases and deaths at 33,590,360 and 603,149, respectively, according to the CSSE.
In terms of infections, India follows in the second place with 30,082,778 cases.
Price Charles launches new partnership with global insurance industry to tackle climate change
To support the rapid growth of green projects and innovation, the SMI Insurance Task Force will develop a framework to help unlock the more than $30 trillion in assets under management, increasingly directing capital towards investments that drive climate-positive outcomes in both developed and developing nations.
Japan insurers struggle to pinpoint climate change cost estimates
Calculating climate costs is no easy task even for Japanese insurers, armed with sophisticated models to predict the course and intensity of typhoons, and the damage they could cause.
UK Court of Appeal confirms Deliveroo riders are self employed
Employment models across the “gig economy” have been challenged in courts around the world by unions and workers.
Chaucer launches their new Belt & Road Consortium at Lloyd’s
Chaucer will lead and manage the Consortium, which will focus on Political Violence Risk protection for assets under construction or operation and financed through the Belt & Road investment initiative, with support from other leading Lloyd’s syndicates.
Swiss Re sees rising premium trend intact
In contract renewals in April, Swiss Re increased premium volume in property and casualty insurance by a fifth and achieved a 4% price increase. Munich Re underwrote 17% more business, with prices rising by an average of 2.4%.