A dearth of mechanics trained to handle the most advanced EV fixes...
Category:
Non-Life
Latest
Israel bracing for potential direct attack from Iran in days
The assault from Iranian soil has emerged as one of the main...
India ranks number 10 in cybercrime, study finds
Russia topped the list, and was followed by Ukraine, China, the US,...
Insurers face ‘mind-blowingly’ large loss if Olympics cancelled
The IOC and Japanese organizers have been adamant that another postponement isn’t an option. So it appears more likely the Games would have to be canceled, rather than postponed again, if they weren’t able to go ahead in Tokyo this summer.
Analysts at Jefferies have estimated the Tokyo Olympics is insured for around $2 billion, plus a further $600 million for hospitality.
The IOC takes out around $800 million of protection for each Summer Games, which covers most of the roughly $1 billion investment it makes in each host city.
Investors sue AstraZeneca over share price drop on covid-19 vaccine testingprice drop on covid-19 vaccine testing
In the three days after the release of the test results in late November, AstraZeneca’s stock price dropped 5%, according to the lawsuit filed Tuesday by the public employees’ retirement system in Monroe County, Michigan.
Alleging “wrongful acts and omissions” by the company and its chief officers, the pension fund is asking to be allowed to sue on behalf of a class of all investors injured by the share price decline.
Global insurance industry cross border deals total $5.27bn in Q4 2020
The value marked a decrease of 42.2% over the previous quarter and a rise of 47.2% when compared with the last four-quarter average of $3.58bn.
In terms of number of cross border deals, the sector saw a rise of 47.06% over the last four-quarter average with 25 deals against the average of 17 deals.
In value terms, North America led the activity with cross border deals worth $2bn.
IRDAI extends CKYCR to legal entities
As the Central KYC Registry (CKYCR) is now fully operational for individual customers, it has been decided to extend the CKYCR to Legal Entities (LEs), regulator IRDAI said in a circular to life and general insurers (including standalone health insurers).
Governments, insurers should work together on global risks-executives
“Public-private partnerships are the only way to tackle climate risk,” insurance broker Willis Towers Watson CEO John Haley said at a virtual meeting of the World Economic Forum.
Zurich Insurance CEO Mario Greco said insurers did not have the capacity to tackle climate and cyber risks alone, but neither should such problems be outsourced wholly to governments.Governments and insurers in Europe and the United States are considering state-backed reinsurance programmes for future pandemics, though some insurance sources have said progress has been slow, as governments focus their attention on dealing with the current crisis.
Cyber Insurance- a must for Enterprises
A cyber insurance cover is a must especially for corporates as it is designed to help an organization mitigate risk exposure by offsetting costs involved with recovery after a cyber-related security breach or similar event.
Currently, insurance covers are designed to protect against a number of cyber exposures that can impact businesses including direct costs to the corporates as well as claims/losses from third parties.
Aon and Willis Towers Watson establish ‘One Firm’ Vision, Name Executive Committee for proposed combination
The new Aon executive committee will lead teams working together across regions, solution lines and functions to accelerate innovation and bring the best of the combined firm to clients.
India’s unusual Covid vaccine problem: Plenty of shots, but few takers
“Vaccine hesitancy among health workers should end — I am pleading on behalf of the government, that please adopt it, because no one knows how this pandemic will take shape in the future,” said V. K. Paul, a member of the planning body Niti Aayog, noting that he’s taken the Covaxin shot without any adverse effects.
China, India’s COVID-19 vaccinations to stretch to late 2022: study
While rapid development of vaccines has raised hopes for an end to the year-long pandemic, concerns over unequal distribution have also mounted due to production problems and large bilateral deals between wealthy countries and drug makers.
In India, over 139 million women and girls now use modern methods of contraception: Report
“India continues to be one of the countries with the highest levels of domestic government expenditure, reflecting the governments’ commitment to its family planning programmes,” the report said.