The combined share of EVs and hybrids in China's auto sales is...
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India’s Disaster Management Authority head appointed UN Asst Secretary-General
Kamal Kishore, UN Assistant Secretary-General with the disaster...
Insurers could face record losses of up to $4 bln after Baltimore bridge tragedy, AXA is lead reinsurer
Claims could total up to $4 bln, record for shipping...
Over 13,000 malware threats detected every hour in 2020: Report
“Attackers are going to innovate and roll out new ways to target businesses in 2021. It is, therefore, essential for them to invest in robust cybersecurity solutions that can prevent them from being prey to the evolving threat landscape,” said Himanshu Dubey, Director, QuickHeal Security Labs .
Biden takes sweeping measures to curb climate change, vows job creation
“In my view, we’ve already waited too long to deal with this climate crisis,” Biden told a White House ceremony, noting the threats the nation faces from intensifying storms, wildfires, floods and droughts linked to climate change as well as air pollution from burning fossil fuels. “It’s time to act.”
Toyota overtakes Volkswagen as top-selling global auto maker
Toyota said it had sold 9.53 million vehicles around the world last year, overtaking the 9.3 million sales made by its German rival.
The Japanese giant took the lead despite a decline in global sales of more than 10 percent as the auto industry suffered the effects of the coronavirus pandemic.
MS Amlin Underwriting appoints Chief Risk Officer and Chief Actuary
Desai, who will report into Johan Slabbert, CEO of MS AUL, brings over 18 years’ general insurance industry experience, both in the U.K and internationally from UBS, PwC and Hiscox.
Scullion will take up the newly created role of Chief Actuary in April and will report to Phil Green, CFO of MS AUL. She joins from Lloyd’s of London, where she has worked since 2015 and held the position of Head of Capital since 2018.
Global public debt likely to touch 98 pc of GDP in 2020 amid COVID crisis: IMF
Noting that global public debt is projected to edge up further from 98 per cent of GDP in 2020 to almost 100 per cent of GDP in 2021 driven by advanced and emerging market economies, Paolo Mauro, Deputy Director of the Fiscal Affairs Department at IMF said, with the pandemic still out of control and economies growing below potential, additional fiscal support will be necessary in 2021, to protect livelihoods.
German draft doesn’t recommend AstraZeneca jab for over-65s
Questions remain about how well the vaccine protects older people. Only 12% of participants in the AstraZeneca research were over 55 and they were enrolled later, so there hasn’t been enough time to see whether they get sick at a lower rate than those who didn’t get the vaccine.
WHO launches plan to tackle neglected diseases as Covid-19 strains healthcare
By Zachary Fagenson, The World Health Organization (WHO) will on Thursday launch a plan to combat 20 diseases that affect the world's poorest people, seeking to prevent recent progress being erased by the impact of Covid-19 on healthcare...
Insurers face ‘mind-blowingly’ large loss if Olympics cancelled
The IOC and Japanese organizers have been adamant that another postponement isn’t an option. So it appears more likely the Games would have to be canceled, rather than postponed again, if they weren’t able to go ahead in Tokyo this summer.
Analysts at Jefferies have estimated the Tokyo Olympics is insured for around $2 billion, plus a further $600 million for hospitality.
The IOC takes out around $800 million of protection for each Summer Games, which covers most of the roughly $1 billion investment it makes in each host city.
Governments, insurers should work together on global risks-executives
“Public-private partnerships are the only way to tackle climate risk,” insurance broker Willis Towers Watson CEO John Haley said at a virtual meeting of the World Economic Forum.
Zurich Insurance CEO Mario Greco said insurers did not have the capacity to tackle climate and cyber risks alone, but neither should such problems be outsourced wholly to governments.Governments and insurers in Europe and the United States are considering state-backed reinsurance programmes for future pandemics, though some insurance sources have said progress has been slow, as governments focus their attention on dealing with the current crisis.
Aon and Willis Towers Watson establish ‘One Firm’ Vision, Name Executive Committee for proposed combination
The new Aon executive committee will lead teams working together across regions, solution lines and functions to accelerate innovation and bring the best of the combined firm to clients.