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Countries should invest in primary health care, it can detect pandemics at an early stage: WHO chief
"So on new variants, not only EG.5, we would expect more variants....
Ships backed up in Black Sea lanes as Russia warning shots raise tensions
Insurance industry sources said rates for additional war risk...
Rumbling volcano shuts down Philippine capital
“The speed of escalation of Taal’s volcanic activity caught us by surprise,” Maria Antonia Bornas, chief science research specialist at the Philippine Institute of Volcanology and Seismology, told reporters.
Swiss Re launches first parametric earthquake Cat bond to hedge mortgage risks
This transaction is the first catastrophe bond issued under Rule 144A with a parametric trigger that is designed to cover mortgage default risk caused by earthquakes in California, Oregon, Washington and South Carolina. Swiss Re Capital Markets acted as the sole structuring agent and joint-bookrunner.
US, Europe to test Boeing 737 Max from Jan 15; India to take a call later
In terms of India’s safety regulations, the Directorate General of Civil Aviation (DGCA) will conduct its own assessment tests, once the FAA-EASA test results are declared.
Iran apologises for plane crash, blames human error and ‘US adventurism
Meanwhile,Ukrainian Prime Minister Oleksiy Honcharuk said on Saturday that Ukraine would pay 200,000 hryvnia ($8,350) each to the families of those who died in a plane crash in Iran this week
Scandal-hit Indonesian insurer, with $2B financial hole, could get government bailout
The scandal has been unfolding during the past three years, after a 2016 audit revealed violations of investment guidelines. Another audit last year showed the insurer had negative equity of 27.2 trillion rupiah ($1.96 billion), sparking calls for a lifeline.
Cat bond issuance breaches historic $100bn milestone: Aon Securities data
Over the past decade, ILS has provided a robust non-correlating asset class for investors, producing an average annual return of 6.38 percent, and 7.48 percent for 2019. Sector investor numbers have grown significantly, with orderbooks in 2019 inclusive of 23 percent more investors, on average, than orderbooks in 2015, allowing average allocations to decrease from USD13m to USD9m, putting less pressure on any given market.
U.K. Lawmakers Approve EU Exit at End of January with 11 Months of Trade Talks Ahead
The focus has instead turned to upcoming talks on long-term arrangements with the EU that will kick in when a transition period – during which Britain remains subject to EU rules – ends on Dec. 31.
‘Impossible’ to agree to full EU-U.K. Brexit trade deal by year end: EU Head
Britain would retain high labor and environmental standards after Brexit but would not accept alignment with EU rules or any jurisdiction by the European Court of Justice, a spokesperson for Johnson added.
AXA insurance launches first-in-market plan for Cancer survivors
Sean Goh, Managing Director, Life, AXA Insurance Singapore said, “Many cancer survivors are left without any insurance coverage after their first diagnosis and do not have the security of a financial safety net if cancer strikes again. We want to take away this uncertainty by protecting them financially should they be faced with cancer again, so they can focus on treatment and recovery. This is part of our commitment to support our customers across their entire health journey and to empower them to live better lives.”
Iran investigation says Ukrainian jet was on fire before crash
Five security sources – three Americans, one European and the Canadian – who asked not to be named, told Reuters the initial assessment of Western intelligence agencies was that the plane had suffered a technical malfunction and had not been brought down by a missile.In Kiev, Ukraine’s President Volodymyr Zelenskiy said the government was considering several possible causes of the plane crash.