Critics of the technology, which has been trialed in the United...
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Tokyo court only holds utility responsible to compensate Fukushima evacuees and reduces damages
The decision is among the four rulings that apparently came in line...
China metals giant faces protest in Indonesia after fatal blast
The deadly blast at a furnace run by PT Indonesia Tsingshan...
Insurers walk tightrope of risky corporate credit
Insurers globally invest more than $20 trillion (15.42 trillion pounds), but their investment positions, already perilous from years of falling bond yields, were left with large holes following this year’s coronavirus-linked slide in asset prices.
WHO says COVID-19 pandemic is ‘one big wave’, not seasonal
“People are still thinking about seasons. What we all need to get our heads around is this is a new virus and…this one is behaving differently,” Margaret Harris told a virtual briefing in Geneva, urging vigilance in applying measures to slow transmission that is spreading via mass gatherings
Moderna,Pfizer start decisive COVID-19 vaccine trials,eye year-end launches
Moderna could have tens of millions of doses ready when and if the vaccine is deemed safe and effective, Collins told reporters on a call.
Pfizer said that if the trial was successful, it could seek regulatory approval as soon as October and supply vaccines for 50 million patients, at two doses each, by the end of the year.
Munich Re Automation Solutions announces partnership with new Asia-Pacific clients
By utilising Munich Re’s underwriting rules and expertise through ALLFINANZ’s analytics and reporting capabilities, HLA and HLM Takaful will be able to streamline their current underwriting processes and be more cost effective
InsurTech fundraising rebounds as over $1.5 billion invested in Q2 2020; four more ‘mega-rounds’ completed
At 74, deal count was down 23% from Q1, but many individual rounds were larger as investors continued to turn away from Seed and Angel deals in favour of support for more mature ventures. P&C sector investments predominated, accounting for 68% of funding, but the share of L&H sector investments was up 17 points to 32%, as the pandemic crisis continues to compound the value of technology, and particularly telehealth, in the segment. Also notable was the initial public offering of Lemonade and the acquisition of two incumbent insurance companies by InsurTechs, Hippo and Buckle
S.Africa’s Santam to pay $60 mln as BI claims ti virus-hit firms within months:CEO
Regulator the Financial Services Conduct Authority (FSCA) said last week that the main South African insurers involved would offer clients relief payments to help see them through, though some businesses or their law firms raised concerns including about how long it would take to pay out the money.
Germany prepares “action plan” to reform banks, insurers and payment companies post Wirecard scandal
Financial watchdog BaFin, which reports to Scholz’s ministry, was sued by Wirecard investors who say the regulator turned a blind eye to widespread evidence of an accounting scandal.
Guy Carpenter appoints MD of global risk solutions
Piatti will be responsible for originating and driving opportunities to better serve our clients in the customized reinsurance space across Europe and MENA, including structured reinsurance treaties and capital management/solvency-related transactions. As clients look to further optimize their reinsurance programs, Guy Carpenter is continuing to enhance its ability to create such customized products
Prudential partners PAI Health to measure physical activity on digital health app,Pulse
PAI Health services will be available to Pulse users across 11 markets in Asia.
Nic Nicandrou, chief executive of Prudential Corporation Asia, said, “It has never been a more important time than now to help people build health resilience and boost immunity by adopting a more active lifestyle. Through Pulse, we are committed to providing leading technology, content and services to help people live healthier lives. We are excited to add PAI Health’s programme to our platform and provide new actionable heart health insights to users, so we can help them live healthy and well, for longer.”
Global airlines less hopeful on COVID-19 recovery
“The second half of this year will see a slower recovery than we’d hoped,” IATA Chief Economist Brian Pearce said. June passenger numbers were down 86.5% year-on-year, the organisation said, after a 91% contraction in May.
Recovery prospects are weakened by the spread of COVID-19 in the United States and developing countries together representing 40% of global air travel, IATA said.