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Global trade growth to rebound this year; geopolitical tensions pose downside risks: WTO forecast
WTO Director-General Ngozi Okonjo-Iweala said, “We are making...
US federal court orders Philips to restrict production of sleep apnea devices
The agreement followed the recall of millions of breathing devices...
Personal accident and health insurance in Asia-Pacific to reach $240.1bn in 2023:GlobalData
Varma concludes: “Personal accident and health insurance insurance is expected to see major developments as short-term accident covers, critical illness, disease-specific products become more mainstream. Furthermore, technology savvy middle class emerging markets and aging population in mature markets will support the business growth over the next few years.”
1st dynamic Covid surveillance system rolls out in 195 nations
“We can inform leaders where the outbreak is occurring before it shows up in overcrowded hospitals and morgues,” said Lori Post from Northwestern University’s Feinberg School of Medicine. said.
“Current systems are static and ours is dynamic.”
Northwestern is hosting a dashboard for the new Covid tracking system — open to anyone — with the new metrics as well as traditional metrics.
Each country’s dashboard will be monitored to inform policy leaders around the globe. Users will have metrics of the whole world at their fingertips.
COVID-19 could push number of people living in extreme poverty to over 1 billion by 2030: UN
“Severe long-term effects of the COVID-19 pandemic could push an additional 207 million people into extreme poverty on top of the current pandemic trajectory, bringing the total to over 1 billion by 2030,” noted the study.
The ‘Baseline COVID’ scenario, based on current mortality rates and the most recent growth projections by the International Monetary Fund (IMF), would result in 44 million more people living in extreme poverty by 2030 compared to the development trajectory the world was on before the pandemic.
AstraZeneca and Oxford’s stories clash on COVID-19 vaccine
The discrepancy, reported for the first time by Reuters, centres on the regimen administered to a smaller group of volunteers in the late-stage trials, of half a dose followed by a full dose. This diverged from the original plan of two full doses, given to the majority of participants.
The half-dose pattern was found to be 90% effective, versus the 62% success rate of the two-full-dose main study, based on interim data
Britain gets ready for roll-out of Pfizer’s COVID-19 vaccine this week
Some of the most famous figures in British life stepped forward to say that they would receive the vaccine to encourage the public to follow suit. That could include Queen Elizabeth II and her husband Prince Philip, who are likely to receive the vaccine within weeks, according to MailOnline reports on Sunday.
Even with vaccines, airport testing Is here for the long haul
There’s data to support the idea that testing could reestablish consumer confidence. In a study published by the Global Business Travel Association (GBTA) in October, 76% of respondents said that rapid testing prior to departure—with waived quarantining requirements for those who test negative—would be the best way to open up international travel.
Moscow rolls out Sputnik V COVID-19 vaccine to most exposed groups
Scientists have raised concerns about the speed at which Russia has worked, giving the regulatory go-ahead for its vaccines and launching mass vaccinations before full trials to test its safety and efficacy had been completed.
WHO looks at possible ‘e-vaccination certificates’ for travel
“We are looking very closely into the use of technology in this COVID-19 response, one of them how we can work with member states toward an e-vaccination certificate,” said Siddhartha Datta, Europe’s WHO programme manager for vaccine-preventable diseases, told reporters on a call from Copenhagen.
Global reinsurance sector outlook stable on hardening market:Fitch
Changes in reinsurance terms and conditions, notably the exclusion of pandemic cover in new and renewed contracts, should progressively reduce the potential for future property and casualty reinsurance claims stemming from the pandemic. Nevertheless, the uncertainty around ultimate losses from the pandemic remains high.
Re/Insurance firm Vantage announces launch
Hendrick said, “2020 has reinforced the riskier nature of our world and the re/insurance markets. Risk changes constantly, and we in the insurance industry must demonstrate our ability to evolve with it, to offer clients coverage that meets their current challenges. To do that, we brought together some of the brightest, most experienced minds in re/insurance to approach the new world of risk in a fresh way — with curiosity at its core and creativity as its engine. At Vantage, we will address the risks others avoid with smart technology and robust analytics.”