Tedros Adhanom Gebreyesus,Director-General, WHO Almost 4 million...
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World Bank wants catastrophe insurance in new loans for disaster hit countries: Report
Ajay Banga,President,World Bank World Bank President Ajay Banga...
Amazon duped millions of consumers into enrolling in Prime, US FTC says
The consumer protection agency filed a lawsuit claiming that...
Munich Re America Partners with BriteCore to Offer Personal Inland Flood Coverage in the U.S. to Insurance Carriers
“Many people don’t realize that their homeowners insurance policy typically excludes flood damage. If the property is located outside of a Special Flood Hazard Area (SFHA) or 100 year flood plain, flood risk may not even be top-of-mind for many people,” said Sanjay Mehrotra, Strategic Product Operations Manager, Munich Re America. “Partnering with BriteCore, we’ve made it easy for insurance carriers to offer a personal lines flood endorsement to their customers.”
Australia’s AMP sells life insurance arm at discount, bleeds funds
The 170-year-old company also revealed a sharp rise in client withdrawals from its Australian wealth management division in the three months to September, having admitted at a government-backed inquiry to charging customers for advice they never received and misleading regulators.
New global commitment to primary health care for all at Astana conference
“Although the world is a healthier place for children today than ever before, close to 6 million children die every year before their fifth birthday mostly from preventable causes, and more than 150 million are stunted,” said Henrietta Fore, UNICEF Executive Director. “We as a global community can change that, by bringing quality health services close to those who need them. That’s what primary health care is about.”
Time to upgrade Airline Black Boxes, says US Safety Board
In too many cases, the current two hours of sound on the cockpit voice recorders hasn’t been enough to aid investigations, the National Transportation Safety Board said in a recommendation posted to its website Thursday. The board cited several dozen instances in which the recorders were overwritten before they could be brought into the lab.Investigators want the requirement to be increased to 25 hours of sound, and are seeking retrofits for current aircraft by 2024.
Tokio Marine Kiln stops Hong Kong operations
This decision has been made after re-assessing the ongoing, challenging market for the Engineering, Marine Cargo and Marine Liability lines written out of Hong Kong which have made the cost of maintaining the office unsustainable.
French reinsurer Scor posts profit in defence against Covea bid
Paris: French reinsurer Scor delivered a third quarter net profit on Wednesday, saying this helped justify its rejection of last month’s 8.2 billion euro ($9.4 billion) bid by rival Covea. “This performance bears witness to the...
India’s insurance gaps rise, at $27bn it constitutes 1.0% of its GDP :Lloyd’s report
In Lloyd’s Underinsurance Report 2018, underinsurance continues to represent a significant threat to global economic development with an estimated US$163bn of assets underinsured in the world today.While the global gap has closed by almost 3% over the last six years, the gap for Asian countries included in the report has widened by 9.4% to US$134bn. At the same time, the world has seen a series of extreme weather-related catastrophes and new risks such as cyber attacks have emerged, posing additional threats to society.
Insured Losses from Hurricane Michael To Be Between USD $6.8 Billion and $10 Billion:RMS
Michael Young, Vice President of Model Management, RMS, said: “This truly was one of the few hurricanes that have exceeded building-level design wind speeds for the region. Within the tragedy of this event, there are many opportunities to see effective wind and flood mitigation measures and learn how to re-build better and stronger.”
Flexible working may add $376 bn annually to Indian economy by 2030: Study
Flexible working could save more than 3.5 billion hours of commuting time across the 16 economies by 2030.
Nikolaus von Bomhard to become Munich Re chairman
As a universally acknowledged expert and industry professional, he has the comprehensive knowledge of the business that is so important for the work of the Supervisory Board.Since April 2018, von Bomhard has been the Chairman of the Supervisory Board of Deutsche Post DHL Group