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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...
Swiss Re announces Group CFO succession as John Dacey retires in 2025
Anders Malmström from Athora Holdings, a leading European savings...
Canada unprepared for facing climate change induced mega-hurricane-risk:Swiss-re-
But as ocean surfaces warm, the frequency, duration and intensity of storms increase. That’s extending their range and making Canada, where just one or two tropical cyclones make landfall each year, more vulnerable, according to the Zurich-based company, which provides reinsurance to 15% of the country’s insurance industry.
Italy probes Allianz Direct, Zurich for alleged cartel among automobile insurers
In a statement, the Italian Competition Authority said the companies involved were able to charge consumers higher premiums for automobile insurance policies as a result of the insurers and price comparison companies regularly sharing reports, prepared by the price comparers, of “sensitive information” on the market for auto policies.The probe involves, among others, Allianz Direct, Admiral Intermediary Services, Linear, Genertel, Zurich and price comparison websites such as facile.it.
Hackers offer decrypt key to Irish Health Service with a catch
While seeming to offer an olive branch — sharing a link to download the decryption key — the group reiterated its threats to disclose patient data unless Irish authorities paid the $20 million ransom demand.
“We are providing the decryption tool for your network for free,” the hackers said in the message posted on Thursday, which was reviewed by Bloomberg News. “But you should understand that we will sell or publish a lot of private data if you will not connect us and try to resolve the situation.”
German cyber security chief fears hackers could target hospitals
German clinics have been targeted by a series of cyberattacks over the last five years, and Arne Schoenbohm, president of the BSI federal cybersecurity agency, told Zeit Online newspaper he saw “a greater danger at hospitals”.
US ramps up surutiny of highly transmissible Covid variant first detected in India
A just-released U.K. study found the Pfizer Inc.-BioNTech SE vaccine was “highly effective” against a form of the B.1.617 variant two weeks after the second dose, affirming preliminary data from Phase 3 clinical trials. Still, the mutation has arrived in the U.S. at a time when anti-pandemic measures are loosening and around 60% of the population isn’t yet fully vaccinated.
Glaxo gets ready for next Pandemic
The British pharma giant is talking with the U.K. and other governments about building facilities to bring vaccine development and production onshore before the next crisis, said Roger Connor, its vaccines chief. The labs would offer a range of vaccine technologies to tackle deadly viruses of the future, he said in an interview.
Air India says February’s data breach affected 4.5 mln passengers
The debt-laden airline, a member of global airlines consortium Star Alliance, said the breach involved personal data, such as name, contact, passport, ticket and credit card details, registered between Aug 2011 and Feb 2021. No passwords were affected.(https://bit.ly/3hL9z5A)
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.