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Birth rates halve in richer countries as costs weigh, OECD report says
Particularly low total fertility rates were measured in Korea, at...
Industry urges action in Red Sea to stop attacks on merchant shipping by Houthis
Insurance industry sources said on Wednesday there was also...
WHO says authorised vaccines effective against new variants, but cautions against overseas travel
“Right now, in the face of a continued threat and new uncertainty, we need to continue to exercise caution, and rethink or avoid international travel,” Hans Kluge said, adding that “pockets of increasing transmission” on the continent could quickly spread. The so-called Indian variant, which may be more transmissible, has now been identified in at least 26 of the 53 countries in the WHO Europe region, Kluge said during his weekly press conference.
How Mumbai’s City Officials Made It More Covid-Ready Than Delhi
With a population of 16 million spread across glistening skyscrapers, apartment complexes and sprawling slums, Mumbai is the world’s second-most densely packed city, according to data from the United Nations. About 32,000 people are crammed in per square kilometer. That makes lessons from India’s financial capital particularly valuable as fears grow about outbreaks in other crowded places from Bangkok to Kathmandu.
Howden acquires specialist medical and healthcare broker MPRS
Founded in 2014 by James Dunsby and Chesney Phelps, MPRS is an award-winning insurance broker for medical professionals and healthcare organisations across the UK. It provides accident & health, professional liability, medical malpractice, and commercial combined cover for general practice, private practice and GP federations.
EU takes big step toward relaxing travel for vaccinated
The EU “Council will now recommend that member states ease some of the current restrictions” for those who have been vaccinated, said EU Commission spokesman Christian Wigand.
With $118bn losses, Aviation insurance industry seeks rate rises in 2021 renewals
• The International Air Transport Association warned that the industry is likely to continue to lose around $5-6billion per month in 2021 and passenger numbers are only likely to fully recover by 2024
USA and China to lead global insurance industry’s growth in 2021: Allianz
the USA (+5.3%) and China (+13.4%) are likely to be the two growth engines. Following the sharp slump in the previous year, the recovery in the life segment (+5.7%) will be somewhat stronger than in the p&c segment (+4.2%).
The strong growth should continue in subsequent years, driven by the increased focus on sustainability and the further rise of the emerging markets.
Globally, average growth of over 5% over the next ten years appears possible.
UK ‘increasingly confident’ that vaccines work against variant from India
Neil Ferguson, an epidemiologist at Imperial College London, said there was a “glimmer of hope” from the latest data that the transmissibility of the variant might be lower than first feared.
Buffett’s Berkshire buys a $943 million stake in Aon
At Berkshire’s May 1 annual meeting, Buffett said his Omaha, Nebraska-based company would like to spend $70 billion or $80 billion, but would probably not get a chance until the market offered better values.
Laurent Rousseau to succeed Kessler as SCOR’s CEO
The Board’s appointment of Kessler as non-executive Chairman following the General Meeting of June 30, 2021, will help to ensure the continuity of the Group’s strategy and to perpetuate its values.
Benoît Ribadeau-Dumas had been appointed as deputy CEO with effect from January 1, 2021, with a view to becoming CEO in 2022
$10 trillion lost globally due to COVID-19 pandemic and lockdowns:WHO Report
A report by the panel cited estimates that more than $10 trillion has been lost globally because of the COVID-19 pandemic and lockdowns to control its spread that has closed businesses and confined people to their homes. “Every effort to integrate beforehand health and finance will largely pay itself,” said Mario Monti ,former Italian prime minister chairs the WHO’s Pan-European Commission on Health and Sustainable Development .
It has recommended the G20 establish a Global Health Board which would work to prevent future pandemics by identifying risks, setting global benchmarks for preparedness, and promoting investment in health infrastructure.