The Cyberspace Administration of China (CAC) said it was...
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Weight-Loss drugs estimated to save airlines millions
Weight is a major concern for airlines because the more a plane...
If new cars are safer, why are fatalities on the rise?
Roadway deaths in the U.S. are mounting despite government test...
Willis Towers Watson launches new software for IFRS 17
“Regulatory and other reporting requirements are driving the pace of change, in particular IFRS 17, with data, governance controls, process automation and dissemination of information at the top of the agenda,” said Andy Teale, Global IFRS 17 P&C Technology Leader, at Willis Towers Watson.
India among top 10 countries with higher climate performance: Report
“The new Climate Change Performance Index shows signs of a global turnaround in emissions, including declining coal consumption,” said Ursula Hagen, one of the authors of the index jointly presented by Germanwatch, NewClimate Institute and Climate Action Network (CAN).
“However, several large countries are still trying to resist this trend – above all the US. We see opportunities for a halt to rising global emissions – but much will depend on further developments in China and the elections in the USA. Both countries are at cross roads,” Hagen said.
Climate regulations could disrupt investment strategies
Coal firms could lose as much as 44 per cent in value, while the world’s top oil and gas companies risk losing up to 31 per cent of their current market share, according the report which forecasts oil demand peaking around 2027.
AXA XL appoints Stephen Nguyen as Client Management Leader, Asia
Craig Langham, regional hub leader, Asia Pacific- Insurance added: “Asia is fast evolving, with disruptive technologies and emerging risks impacting traditional business models. Clients now look beyond current risks to ensure they are prepared for the risks of tomorrow, and there have never been more opportunities for AXA XL to make a difference to our clients and brokers. Growing our client and distribution team is one of the ways that we demonstrate our commitment to the market”
China’s crackdown on illegal meat puts India’s $2-bn trade at risk
China has adopted stricter border controls due to African swine fever, meaning Indian buffalo meat exports into China that usually flow through Vietnam has all but stopped. Indian exporters are now hoping Indonesia can more than triple its meat imports from the South Asian nation to make up for the heavy losses this year.
WTW partners with Tricor Hong Kong on people and risk mitigation solutions to its 50,000 global clients
This new partnership will enable Tricor clients base of Fortune 500 listed companies access to offerings and services from Willis Towers Watson (WTW), which include workforce protection and risk transfer solutions. WTW will also complement Tricor’s business solutions and facilitate companies, with mainland Chinese business footprint, in their expansion into the growing markets in Asia, as well as support companies at every stage of their pre-and-post IPO process.
Health experts warn of emerging threat of Nipah virus
Within two years of being first discovered, Nipah had spread to Bangladesh, where it has caused several outbreaks since 2001. A 2018 Nipah outbreak in Kerala killed 17 people.
Germany, Global Parametrics and Hannover Re unvel a new Natural Disaster Fund Deutschland
Dr. Maria Flachsbarth, Parliamentary State Secretary to the Federal Minister for Economic Cooperation and Development (BMZ), said, “The NDF is an innovative mechanism that brings together public and private insurance players for the benefit of poor and vulnerable people who far too often face a protection gap. While about 50 percent of disaster losses are covered by insurance in high-income countries, the corresponding proportion in poorer countries is less than five percent. The BMZ is committed to help closing this gap through a substantive contribution to the NDF”.
New microenterprise project to make farming profitable for half a million Bangladeshi families
According to Omer Zafar, IFAD’s Country Director in Bangladesh, the key drivers constraining the agriculture sector are farmers’ limited access to what they need: updated technology, viable markets, and financial services.
Big tech may be required to share customer data with financial firms
The Financial Stability Board (FSB) called in a report released on Sunday for “vigilant monitoring” of Big Tech’s shift into financial services, which it said could crimp the ability of banks to generate capital through retained profits.