Battery-related fires have also posed greater risks in recent years...
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With new technology cybercrime crews increasingly turning to more sinister techniques for ransom
Tactics like leaking sensitive records and double-hacks aren’t...
14 people killed in landslides, floods and lightning incidents in Nepal
"We recorded a total of 44 incidents on June 26, 2024. In those...
London Heathrow to open separate terminal for high-risk arrivals
A dedicated facility for flights from so-called red list nations will open in Heathrow’s Terminal 3 from June 1, the airport said in a statement Friday. The hub had been in protracted talks over government funding for the plan, which it said will be very challenging logistically.
India Covid crisis warning for other low- and middle-income countries: IMF
A report co-authored by International Monetary Fund (IMF) economist Ruchir Agarwal and its Chief Economist Gita Gopinath on Friday also said that under the business-as-usual scenario, the vaccine coverage in India is expected to remain under 35 per cent of the population by the end of 2021.
European Union to offer 3 types of Covid-19 passports from July 1
The scheme will allow EU citizens to travel more freely within the EU in total health safety and will support economic sectors dependent on free movement, Reynders told journalists.
Three types of certificates will be available free of charge, in paper or digital format: one attesting vaccination with an EU-approved shot; a second showing negative test results; and the third for people who have recovered after having been infected with Covid-19.
SDGs: Greater urgency needed to meet environmental goals, improved data likely key
The SDGS are at the heart of the 2030 Agenda for Sustainable Development, which outlines internationally agreed targets in areas such as poverty, hunger, health, climate action, clean energy and responsible consumption.
NOAA predicts another active Atlantic hurricane season
For 2021, a likely range of 13 to 20 named storms (winds of 39 mph or higher), of which 6 to 10 could become hurricanes (winds of 74 mph or higher), including 3 to 5 major hurricanes (category 3, 4 or 5; with winds of 111 mph or higher) is expected.
COVID-19 Pandemic intensifies risk in GCC countries:AM Best
Financing needs will remain acute, as more than USD 100 billion of debt will mature between 2021 and 2025. The region also faces long-term challenges. Despite long-standing efforts to diversify the GCC’s economies, progress has been relatively limited.
Peak Re’s net profit rises 150% to $87.1 million in 2020,combined ratio at 97.6%
On outlook for 2021, LI Tao,chairman, Peak Re said, We expect 2021 to see a rebound in economic growth that will extend into 2022. With the recovery already underway in Asia, we are looking to our Asia Pacific region to continue to outperform other regions and be the growth driver for the broader economy, as well as the insurance industry. This presents significant room for us to further grow in emerging markets where economies are still expanding.As businesses learn to adapt to another “new normal”, the effects of COVID-19 will continue to filter through and impact the future risk landscape.
IMF says ending COVID-19 pandemic possible at cost of some $50 billion
The proposal, drafted by IMF chief economist Gita Gopinath and staff economist Ruchir Agarwal, builds on efforts already under way by the Access to COVID-19 Tools (ACT) Accelerator, United Nations, World Health Organization and other groups.
Implementing the plan would cost some $50 billion, with $35 billion to be paid for by grants from rich countries, private and multilateral donors, and the remaining $15 billion to be funded by national governments using low- or no-interest financing available from multilateral development banks.
Upstream Security raises $36M from Mitsui Sumitomo Insurance to disrupt the telematics insurance space
The strategic partnership with MSI will help revolutionize the car insurance industry, allowing insurance companies to use connected vehicle data to gain meaningful insights for various insurance-related areas including improved risk management and enhanced customer experience.
The rapid growth of the connected car ecosystem has brought along with it an increased interest in telematics-based services. Upstream’s cloud-based mobility data platform expands MSI’s data analytics capabilities and enables MSI to provide additional risk-related services based on driver usage and behavior.
Covid deaths may be double, triple the official tally: WHO
On that basis, the WHO said it estimated that 1.1 million to 1.3 million people in 53 European countries died from Covid-19 in 2020, roughly double the number recorded in official data. It also calculates that, over the same period, 1.3 million to 1.5 million people died in 35 countries in the Americas, compared with the 9,00,000 deaths officially recorded.