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Emerging-risk resilience: Majority of APAC risk leaders concerned about their organisations in the next decade
Geopolitical issues, natural catastrophe events, climate transition...
Trebling of “nuclear” court verdicts challenges companies and liability insurers: Allianz
Recent years have also seen a growing list of pharma, food, and...
Global Covid-19 caseload tops 231.1 mn, deaths surge to more than 4.73 mn
The US continues to be the worst-hit country with the world’s highest number of cases and deaths at 42,852,711 and 687,078, respectively, according to the CSSE.
In terms of infections, India follows in the second place with 33,594,803 cases.
European insurers to boost ESG investments on Solvency II Reform
The Commission estimates that the risk-margin reduction could release up to EUR90 billion of capital and that the lower charges for long-term equities could release about EUR10 billion
No plans to bring standard products for cyber liability insurance policy as of now: Member Irdai
Even as cyber risk insurance products are available in the market, both for the commercial and for individuals, she said insurers can now identify the possible risks and the recommendations that can be implemented.
India reports 31,382 new COVID-19 cases
A total of 72,20,642 vaccine doses were administered in the last 24 hours, taking the total vaccination in the country to 84,15,18,026
Global reinsurers in a quandry on incorporating Climate Change Risk
“If re/insurers are not properly accounting for the impact of climate change in their catastrophe modeling and pricing today, it could lead to significant unexpected volatility in their earnings and capital, resulting in pricing corrections that could have implications for the cost of reinsurance purchased by primary writers, thereby hitting their profitability and risk profiles as well,” added the report.
UK’s £800 million Reinsurance Scheme officially opens, to help providing covers to festivals, conferences and live events
The government has partnered with Lloyd’s Market Association to deliver the scheme as part of the Plan for Jobs. The scheme will see the government act as a ‘reinsurer’ – stepping in with a guarantee to make sure insurers can offer the products events companies need. Insurers Munich Re, Beazley, Arch, Dale, and Ark are carriers of the scheme with more firms coming on board in the weeks to come.
Centrica, Nestle, Swatch among companies exposed to physical climate risks – investors
The companies, which are involved in energy and mining, food, pharmaceuticals or technology manufacturing or transport and utilities, are more exposed to issues such as flooding than other companies in their sector and region, the Institutional Investors Group on Climate Change (IIGCC) said.In a letter to the European, Asian and U.S. companies from more than 50 IIGCC members, the investors asked the firms to identify properly and respond to events such as flooding, droughts and extreme heat.
3 yrs of service and prosperity: Mandaviya on 3rd anniversary of Ayushman Bharat PMJAY
Since the inception of the scheme, more than two crore treatments worth Rs 26,400 crores have been authorised through a network of over 24,000 empanelled hospitals, both government and private across the country. Moreover, there are 918 Health Benefits Packages (HBP) covering 1,669 procedures along with COVID-19 treatment and diagnostic tests under the scheme. The top tertiary care includes orthopaedics, cardiology, cardiothoracic and vascular surgery, radiation oncology and urology.
Union Health Ministry releases guide on long-term health issues of COVID-19 infection
Speaking on the occasion, Union Minister of State of Health Ministry, Dr Bharati Pravin Pawar emphasized the need to tackle mental health issues and to reach the last mile.
“This pandemic has put an unprecedented challenge on our Health and Health Care System. Mental Health Care is a big challenge for a country with such a large population. We need to build our capacity to tackle this challenge of mental health,” she said.
Boeing lifts China jet demand estimate over two decades to $1.47 trln
Chinese airlines will need 8,700 new airplanes through 2040, 1.2% higher than its previous prediction of 8,600 planes made last year. Those would be worth $1.47 trillion based on list prices, the U.S. planemaker said in a statement.
Earlier this month, Boeing revised up long-term forecasts for global airplane demand on the back of a strong recovery in commercial air travel in domestic markets like the United States.