Given the limitations of current databases, UNDRR is collaborating...
Category:
International News
Latest
MS Amlin completes world-first Singapore ILS renewal
Will Ho, CEO, MS Amlin Asia Pacific Pte Ltd, said: “ We are also...
Reinsurers’ underwriting margins to peak in 2024,says Fitch
Fitch also forecasts an improvement in underlying profitability for...
Britain prepares for COVID-19 vaccine as Oxford forecasts result this year
The National Health Service (NHS) in England is preparing to start distributing possible COVID-19 vaccines before Christmas in case one is ready by the end of the year.
China slams the brakes on Ant Group’s $37 billion listing
Ant said that its listing had been suspended by Shanghai following a recent interview regulators held with its founder Jack Ma and top executives. It said it may not meet listing qualifications or disclosure requirements, and also cited recent changes in the fintech regulatory environment.
Shanghai described Ant’s meeting with Chinese financial regulators as a “major event”.
Global marine insurance results indicate a modest recovery but COVID-19 adds uncertainty :IUMI reports
Marine underwriting premiums for 2019 were estimated to be USD 28.7 billion which represents a 0.9% reduction from 2018.
The USD 28.7 billion global income was split between these geographic regions:Europe 46.3%, Asia/Pacific 31.8%, Latin America 10.3%, North America 5.3%,
Other 6.3%.
UK raises terror threat level to severe after Europe attacks
“It is now confirmed that yesterday’s attack was clearly an Islamist terror attack,” Kurz said. “It was an attack out of hatred – hatred for our fundamental values, hatred for our way of life, hatred for our democracy in which all people have equal rights and dignity.”
Pilot Unions, crash families seek revisions to 737 Max training
A group of dozens of family members and friends of the 157 people who died on an Ethiopian Airlines crash on March 10, 2019, go further, seeking additional design changes and publication of a more detailed training outline.
“The FAA’s proposed update to the 737 Max pilot training requirements is inadequate to rectify Boeing’s history of 737 Max-related failures and insufficient to prepare pilots to safely fly the airplane,” the family group said in its comments, also posted on Monday.
These are the Airlines teetering on the brink of Covid ruin
Having a home government with deep -- and open -- pockets is emerging as key in terms of whether an airline will make it through the coronavirus pandemic. Carriers in jurisdictions where there is scant support from up high are most likely to go bust, according...
Singapore’s Dy PM launches Global Asia Insurance Partnership,to incubate new risk financing solutions for emerging risks in Asia
“Through GAIP, we aim to produce actionable research insights, develop policy recommendations, There are many structural protection gaps facing Asia, but pandemic risk and climate risk are two critical areas that demand our immediate and collective attention,.” Heng Swee Keat Deputy Prime Minister, Coordinating Minister for Economic Policies and Minister for Finance,Singapore, said adding that GAIP is expected to commence work in January next year.
Emerging markets suck in $17.9 billion during October – IIF
Equities were more sensitive to political risk and uncertainty stemming from the upcoming U.S. election. Equity inflows stood at $6.3 billion, of which $4.7 billion were to China.
There would be significant cyber losses in the next 10 years: Mumenthaler
`There are certain tail risks that are too big, in my view, for the insurance industry to carry. We can carry a certain amount of risk, and we are active in the market, but I think the capacity will run out within the next three years.The shadow of cyber risk still looms large, with bad actors or rogue states capable of launching damaging cyber attacks that could even result in human losses, given our dependence on technology. It’s not a random event. It’s perpetuated by people and on the aggregation side it’s a real challenge,” he explained…
Ransomware attacks surge 40% globally in Q3: Report
While sensors in India, the UK and Germany recorded decreases, the US saw a staggering 145.2 million ransomware hits in Q3 — a 139 per cent year-over-year increase, said the report.