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Hannover Re combines cyber and digital underwriting expertise in new specialty reinsurance business unit
“The creation of a dedicated cyber and digital business unit allows...
New record of 142 global Nat Cat events globally, USD108 billion insured losses in 2023: Swiss Re
Moses Ojeisekhoba, Swiss Re's CEO Global Clients & Solutions,...
Coronavirus vaccines could have potential allergic reactions, assures new studyBoston
The study published in the Journal of Allergy and Clinical Immunology, in response to accounts of potential allergic reactions in some people following COVID-19 vaccination in the United Kingdom, that country’s medical regulatory agency advised that individuals with a history of anaphylaxis to medicine or food should avoid COVID-19 vaccination.
U.S. COVID-19 cases surpass 20 million as deaths mount
A total of 345,000 have died of COVID-19, or one out of every 950 U.S. residents, since the virus first emerged in China late in 2019.
An analysis of Reuters data shows it took 200 days to reach the first 5 million cases, 93 days to go from 5 million cases to 10 million, 31 days from 10 million to 15 million cases and only 25 days to go from 15 million to 20 million cases.
California has the most total cases of any state, with about 2.28 million infections followed by Texas with 1.76 million cases and Florida with 1.32 million cases.
Have to assume pandemic is going to get worse: Fauci
Fauci’s comments on Tuesday came after the US registered a record high 65,000 deaths in the past 28 days, making December the worst month for coronavirus fatalities since the start of the pandemic.
December’s figure, roughly equivalent to over 1.6 Americans lost to the virus every minute, marked a significant surge from that in the entire month of November which registered 36,964 fatalities.
The country’s overall the overall death toll currently stood at 338,544, the highest in the world, according to the Johns Hopkins University.
China’s Fosun plans plant to make BioNTech’s COVID-19 vaccine: Caixin
Fosun Pharma had said it aims to move from importing finished vaccine from the German company to conducting some filling procedures on its own, using imported bulk ingredients and then eventually making vaccines from scratch, though it has not announced a specific timeline.
AXA to sell its Greece operations for €165 million
Paris: AXA announced today that it has entered into an agreement with Generali to sell its insurance operations in Greece. Under the terms of the agreement, AXA will sell its Life & Savings and Property & Casualty businesses in Greece for a total cash...
BBB to interview 5 candidates on Jan 4 to select CMD of Oriental Insurance Company
The shortlisted candidates who will be appearing for the interview for OIC CMD post are – Anjan Dey, director and general manager, GIC Re, Shobha G. Reddy, general manager,National Insurance Company(NIC), M. Bhaskar, general manager GIC Re, Suchita Gupta, GM, GIC Re, Surya Swaroop Saxena, GM, Agriculture Insurance Company of India.
Health ministry releases communication strategy to support Covid-19 vaccine rollout
“The communication strategy that supports the Covid-19 vaccines rollout in India seeks to disseminate timely, accurate and transparent information about the vaccine(s) to alleviate apprehensions about the vaccine, ensure its acceptance and encourage uptake,” it said.
According to the document, the strategy aims at managing and mitigating any potential disappointment expressed by unmet demand for the vaccine or ‘eagerness’ amongst people and addressing vaccine ‘hesitancy’ that could arise because of apprehensions around vaccine safety, efficacy apart from any other myths and misconceptions.
Experts question U.S. Government’s mechanism to handle COVID-19 vaccine injury claims
Unlike the more established federal vaccine court, which decides cases of injury from most childhood vaccines and other common inoculations, the Countermeasures Injury Compensation Program was created by a 2005 law specifically to deal with vaccines developed under emergency authorization. The idea was to allow pharmaceutical companies and government entities the freedom to develop and distribute vaccines to meet urgent public health needs without the threat of being overrun with expensive liability lawsuits. Under the program, drug makers can only be sued for “willful misconduct.”
UK insurer sells price comparison unit to Zoopla in $685 million deal
Under the deal, a unit of ZPG Ltd. will acquire Admiral’s Penguin Portals Group, which operates online platforms that help consumers compare the cost of services such as insurance products, mortgages, energy supplies and Internet connections. ZPG, which was bought by U.S. private-equity firm Silver Lake in 2018, will add brands including Confused.com and Rastreator.com to its existing platforms including Zoopla and Uswitch.
ICICI Lombard launches online business platform for SMEs
Sanjeev Mantri, executive director at ICICI Lombard General said, “The SME segment is relatively more vulnerable to multiple risks and has been significantly impacted by the pandemic. With this one of its kind online platform for business insurance, we are empowering SMEs to avail our business insurance solutions conveniently at any time and from anywhere in a contactless manner.”