P&C reinsurance prices up an average 33% at 1 June (highest...
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Amazon fined $25 mn for violating children’s privacy law, deceiving parents
"Amazon's history of misleading parents, keeping children's...
Digitally advanced countries trust less on artificial intelligence: Swiss Re report
The most AI-trusting people hail from emerging digital growth...
Nations must triple efforts to achieve Paris climate accord target: Study
The report, released ahead of the 24th Conference of the Parties to the United Nations Framework Convention on Climate Change (COP24), shows global emissions have reached historic levels at 53.5 GtCO2e (gigatonnes of equivalent carbon dioxide), with no signs of peaking.
Researchers assessed that only 57 countries (representing 60 per cent of global emissions) are on track to do so by 2030
Boeing eyes Lion Air crash software upgrade in 6-8 weeks
“As part of our standard practice following any accident or incident, we examine our aircraft design and operation, and when appropriate, issue bulletins and make recommendations to operators to further enhance safety,” a Boeing spokeswoman said.
Lion Air’s 737 MAX was plane not ‘airworthy’
The safety committee’s findings will heighten concerns there were problems with key systems in one of the world’s newest and most advanced commercial passenger planes.
Heatwave death threat to world’s vulnerable
When you look at climate change as a public health issue, it really turns it on its head. It isn’t just affecting polar bears or rainforests, it’s something that affects communities, children, families in the UK and Europe and around the world.The outlook is particularly dire for Europe and the eastern Mediterranean, where mounting temperatures and an ageing population produced a “perfect storm” of risk factors
China suspends baby gene-editing experiment after violation: Report
The experiment “seriously violates” China’s laws, regulations, and ethical standards if it indeed occurred as reported by media,” said Zeng Yixin, vice minister of the National Health Commission, in an interview with CCTV published on its website Thursday
AGCS’s partnership InsurTech Co for liability insurance clients
“By offering access to ChemMeta in combination with our product liability policies, we help clients maximize the overall safety of their products and production processes, striking the right balance between innovation and risk,” explains Hartmut Mai, Chief Underwriting Officer, AGCS
Only 9 per cent of economic losses in Asia insured:AIR
“For the insurance industry, the protection gap can spur innovation in product development. In the public sector, governments are recognizing the importance of moving from reactive to proactive risk management, especially in countries where the risk is well known and a risk transfer system is not well established. Understanding the protection gap can help governments assess the risks to their citizens and critical infrastructure, and develop risk-informed emergency management, hazard mitigation, and public risk financing strategies to enhance global resilience and reduce the ultimate costs.”
Chinese researcher claims first gene-edited babies
The researcher, He Jiankui of Shenzhen, said he altered embryos for seven couples during fertility treatments, with one pregnancy resulting thus far. He said his goal was not to cure or prevent an inherited disease, but to try to bestow a trait that few people naturally have — an ability to resist possible future infection with HIV, the AIDS virus.
Factbox: Key Elements of EU-UK Draft Deal for Post-Brexit Relationship
The EU and UK “agree to develop an ambitious, wide-ranging and balanced economic partnership … encompassing a free trade area as well as wider sectoral cooperation … underpinned by provisions ensuring a level playing field for open and fair competition.It would respect “the integrity of the (European) Union’s Single Market and the Customs Union as well as the United Kingdom’s internal market, and recognize the development of an independent trade policy by the United Kingdom beyond this economic partnership.The EU and UK will “retain their autonomy and the ability to regulate economic activity.”
Allianz receives approval for China’s first fully-owned foreign insurance holding co
The company – Allianz (China) Insurance Holding Company Limited – will be China’s first-ever wholly-owned insurance holding company by a foreign insurer, and will be based in Shanghai.