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Jessica Schappell appointed as Beazley’s APAC head
Jessica Schappell The risks facing the region are getting more...
Justice Department says TikTok collected US user views on issues like abortion and gun control
TikTok employees used Lark to send sensitive data about U.S. users,...
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.
UK launches plans for Global Pandemic Radar to detect Covid-19 variants, emerging disease
The UK prime minister claimed that the “Global Pandemic Radar,” as the network was called, will ensure the early detection of new variants and emerging pathogens, so vaccines and treatments needed to stop them can be rapidly developed.
China says providing vaccines to almost 40 African states
The UN Security Council called on Wednesday for accelerated availability of Covid-19 vaccines for Africa, expressing concern that the continent has only received about 2% of all vaccines administered globally.
Chip crisis in ‘Danger Zone’ as wait times reach new record
Chip shortages are rippling through industry after industry, preventing companies from shipping products from cars to game consoles and refrigerators. Automakers are now expected to lose out on $110 billion in sales this year, as Ford Motor Co., General Motors Co. and others have to idle factories for lack of essential components. That’s undercutting economic growth and employment, as well as raising fears of panic ordering that may lead to distortions in the future.