Vladimir Putin, President, Russia "We are thinking about getting...
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Italy to pass ‘right to be forgotten’ law for cancer survivors – PM
Giorgia Meloni,Prime Minister, Italy According to campaigners,...
UK self-driving car dreams could break down at the starting line
Despite the government’s vision to be a world leader in AV...
No-deal Brexit ‘could cost 600,000 jobs worldwide’ – study
Within the 27 remaining EU countries, almost 180,000 posts at firms directly exporting to the UK would be at risk. But 433,000 more workers in the EU and around the world would be affected, as their employers sell to companies that in turn export to Britain.
Indian doctors protest UK’s ‘unfair’ health surcharge
“Clinicians wishing to work in the UK are already facing burdensome processes relating to regulation and immigration, and this surcharge is only going to see UK losing out on quality healthcare professionals from non-EU countries,” notes a letter from BAPIO president Ramesh Mehta and secretary Parag Singhal, sent to UK home secretary Sajid Javid last week
‘Storm’ might strike global economy, warns IMF as growth slows down
The risks include “trade tensions and tariff escalations, financial tightening, uncertainty related to (the) Brexit outcome and spillover impact and an accelerated slowdown of the Chinese economy”, said IMF Managing Director Christine Lagarde
Microsoft targets healthcare with medical records in the cloud, bots and more
Health care lags behind some other industries in moving data to internet-based storage, and while health records have mostly gone digital, they are often stored in different databases that can’t share information easily. That makes it hard to create systems that use new artificial intelligence and data analysis techniques to track patient well-being and find new targeted therapies.
Munich Re expects prices to improve in Apr 1 renewals
Gross premiums written (GPW) by the whole group in 2018 were €49 billion, slightly down from €49.1 billion in 2017. The company’s net profit of €2.2 billion for the year was, in line with its target of €2.1 billion to €2.5 billion
SCOR grows its reinsurance premiums 9.7% in Jan renewal
Victor Peignet, CEO, SCOR Global P&C, comments: “SCOR starts 2019 with strong January renewals, after having successfully renewed its capital shield back in fall 2018. Clients want to increase the business they conduct with SCOR; they value our client-focused strategy, strong ratings, and technical expertise. We expect favorable market conditions to be more pronounced through the spring/summer 2019 renewals.”
J&J reported to settle most Pinnacle Hip Implant Lawsuits
Hip patients have been suing J&J and DePuy since 2010, alleging the devices failed prematurely or gave them metal poisoning. J&J took the metal-on-metal version of Pinnacle off the market in 2013.
Japan insurers to target China M&A in new phase after $50 billion overseas push
Earlier,the overseas push by the Japanese insurers, , largely excluded China, the world’s No.3 insurance market after the United States and Japan, due to foreign ownership curbs and fragile diplomatic relations between the two Asian economies.That will change with China set to allow foreigners to own majority stakes in domestic insurance joint ventures, and Beijing and Tokyo looking to forge closer business ties amid rising trade tensions with Washington, the bankers said.
Hannover Re net income at EUR 1.05 bn, logs a gross premium of EUR 19 bn in 2018
On the whole, prices as at 1 January 2019 were commensurate with the risk or slightly improved. Hannover Re maintains its emphasis on a selective underwriting policy under which minimum margin requirements take precedence over premium growth.
Accenture Software now does what 40,000 employees used to do
Accenture’s clients can also set custom rules for whether a system will process something automatically based on how much confidence the artificial intelligence software has in its own predictions. For instance, if a system were handling routine insurance claims, a company might allow it to automatically pay those claims as long as it had at least a 95 percent confidence that the decision was correct, Polishook said. If its confidence fell below that threshold, then the claim would be routed to a human claims handler.