Moses Ojeisekhoba, Swiss Re's CEO Global Clients & Solutions,...
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Mumbai overtakes Beijing to become Asia’s new billionaire capital
Leading the Indian billionaire list is Mukesh Ambani, the chairman...
Cargo ship hits Baltimore’s Key Bridge, bringing it down, Rescuers are looking for people in water
The ship crashed into one of the bridge’s supports, causing the...
Trump seeks to curb foreign cyber meddling on last day in office
“Foreign malicious cyber-actors threaten our economy and national security through the theft of intellectual property and sensitive data, and by targeting United States critical infrastructure,” National Security Advisor Robert O’Brien said in a statement.
Car crashes in world’s oldest nation spur changes by automakers
Last year, Toyota upgraded its Safety Sense offering. The technology is designed to prevent or mitigate frontal collisions as well as keep drivers within their lane. By using high-resolution cameras on the windscreen and bumper-mounted radars, it can detect oncoming cars or pedestrians — or even bicycles in daylight hours — and give audible and visual alerts. If drivers fail to respond, automatic braking may be deployed. The new software also has intersection functionality to help detect oncoming obstacles if a car is making a turn from a stationary position.
China’s top financial watchdog blasts ‘State Monopoly’ accusation
China has come under greater international pressure in recent years to reduce industrial subsidies after the U.S., Europe and Japan agreed to push for stronger World Trade Organization rules against market-distorting government aid. The state domination of the economy was also meant to be a topic in the “Phase 2” trade deal talks with the U.S.
British PM says new variant may carry higher risk of death
The warning about the higher risk of death from the new variant, which was identified in England late last year, came as a fresh blow after the country had earlier been buoyed by news the number of new COVID-19 infections was estimated to be shrinking by as much as 4% a day.
Biden launches ”100 days mask challenge”; makes COVID-19 test, quarantine mandatory for people entering US
The death toll will likely top 5,00,000 next month, he said, adding that the cases will continue to mount.
“Our national plan launches a full-scale wartime effort to address the supply shortages by ramping up production and protective equipment, syringes, needles, you name it. And when I say wartime, people look at me like wartime? Well, as I said last night, 4,00,000 Americans have died. That”s more than World War II… this is a wartime undertaking,” he said.
Liability insurance industry in Asia-Pacific to reach $33.4bn in 2023,says GlobalData
Manisha Varma, Insurance Analyst at GlobalData, comments: “The demand for D&O policies is driven by increasing risks from environmental, product recall and libelous claims. Increasing number of cybercrimes has driven the demand for cyber-insurance.”
WHO expects 100 million global Covid-19 cases by January end
The WHO chief also stressed that vaccines complement rather than replace fundamental public health measures that individuals, communities and governments must take to stop the spread of Covid-19, which is especially important in the face of rapidly-spreading variants.
“Reputational risks could result in potentially crippling business outcomes” :Willis Towers Watson Survey
Scott Burnett, Head of Corporate Risk & Broking Asia and Head of Asia, Willis Towers Watson, said “Loss of income and reduced customer bases are usually the main issues that businesses face following reputational damage. However, the impact of reputational damage can be felt across a business, from recruitment and retention of talent to lower environmental, social and governance (ESG) score, investor activism and increased industry litigation. Reputational risk is therefore increasingly of concern to our clients with most Risk Mangers now having some responsibility for risk mitigation in this area.
Insurance firm offers mental health support as UK flood risk surges
“With five million people in England at risk of flooding, and climate change intensifying the frequency and severity of extreme weather, a mental health crisis is looming,” warned David Nichols, Zurich UK’s chief claims officer.
HSBC, Maybank’s Insurance Venture among bidders for AXA Singapore
Chief Executive Officer Thomas Buberl is trying to shift AXA’s focus on property and casualty insurance following its $15.3 billion purchase of XL Group Ltd. in 2018. Since then, the CEO has been reviewing options for smaller businesses across the world, including in the Middle East, to help pay for the XL deal.