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Lloyd’s of London hits 35% female leadership target, says it has ‘way to go’
Lloyd’s, which employs around 57,000 people in insurance and...
Star Health settles 1cr claims for over Rs 44,000 cr since 2006
Anand Roy, MD and CEO, Star Health Insurance With rapid medical...
Personal accident and health insurance in Asia-Pacific to reach $240.1bn in 2023:GlobalData
Varma concludes: “Personal accident and health insurance insurance is expected to see major developments as short-term accident covers, critical illness, disease-specific products become more mainstream. Furthermore, technology savvy middle class emerging markets and aging population in mature markets will support the business growth over the next few years.”
Banks need to hire chief risk officers to deal with cybercrimes: Deloitte
“…these (cyber) attacks are becoming complex day by day. To address these challenges, banks need to appoint experienced Chief Risk Officers who can take the responsibility of skilling the employees and lead investment in military-grade cybersecurity solutions to detect the most advanced attacks,” said the Deloitte report on “Digitizing the post COVID world: The ‘3I’ approach”.
4 of 5 cyclones this year were in severe cyclonic storms category and above
India Meteorological Department (IMD) Director General Mrutunjay Mohapatra said since 1990 four cyclones have formed every year in the seas along the eastern and western coasts (Bay of Bengal and Arabian Sea) of the country.
“It is normal to have five cyclones a year,” he said.
Pfizer seeks emergency approval for COVID-19 vaccine in India, media say
The U.S. company, whose vaccine was recently approved by the British government, has written to the Drugs Controller General of India (DCGI), CNN-News18 reported citing a government source.Officials at the DCGI and the health ministry did not respond to requests for comment. A government official, however, told Reuters that no application had been received as of Saturday night.
Moscow rolls out Sputnik V COVID-19 vaccine to most exposed groups
Scientists have raised concerns about the speed at which Russia has worked, giving the regulatory go-ahead for its vaccines and launching mass vaccinations before full trials to test its safety and efficacy had been completed.
Even with vaccines, airport testing Is here for the long haul
There’s data to support the idea that testing could reestablish consumer confidence. In a study published by the Global Business Travel Association (GBTA) in October, 76% of respondents said that rapid testing prior to departure—with waived quarantining requirements for those who test negative—would be the best way to open up international travel.
COVID-19 caseload surges to 95.71 lakh; recoveries cross 90 lakh
The number of people who have recuperated from the disease surged to 90,16,289 pushing the national recovery rate to 94.20 per cent, while the COVID-19 case fatality rate stands at 1.45 per cent.
The active COVID-19 caseload continued to remain below 5 lakh.There are 4,16,082 active coronavirus infections in the country which comprises 4.35 per cent of the total caseload, the data stated.
WHO looks at possible ‘e-vaccination certificates’ for travel
“We are looking very closely into the use of technology in this COVID-19 response, one of them how we can work with member states toward an e-vaccination certificate,” said Siddhartha Datta, Europe’s WHO programme manager for vaccine-preventable diseases, told reporters on a call from Copenhagen.
Global reinsurance sector outlook stable on hardening market:Fitch
Changes in reinsurance terms and conditions, notably the exclusion of pandemic cover in new and renewed contracts, should progressively reduce the potential for future property and casualty reinsurance claims stemming from the pandemic. Nevertheless, the uncertainty around ultimate losses from the pandemic remains high.
Re/Insurance firm Vantage announces launch
Hendrick said, “2020 has reinforced the riskier nature of our world and the re/insurance markets. Risk changes constantly, and we in the insurance industry must demonstrate our ability to evolve with it, to offer clients coverage that meets their current challenges. To do that, we brought together some of the brightest, most experienced minds in re/insurance to approach the new world of risk in a fresh way — with curiosity at its core and creativity as its engine. At Vantage, we will address the risks others avoid with smart technology and robust analytics.”