Pinarayi Vijayan,Chief Minister, Kerala He said that the state...
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Russia’s Aeroflot finalises insurance settlement for seven more planes
Russia’s Aeroflot has finalized insurance settlements with leasing...
South Africa’s President will sign health insurance bill into law for providing universal health coverage
South Africa’s President Cyril Ramaphosa The law aims to provide...
Privacy activist files complaints against Apple’s tracking tool
Apple directly rebutted the claims filed by Noyb, the digital rights group founded by Schrems, saying they were “factually inaccurate and we look forward to making that clear to privacy regulators should they examine the complaint”.
China’s appetite for luxury cars is now a boon for eastern European nations
Automotive investment has helped transform the former Eastern Bloc. Lured by a cheap but skilled workforce and proximity to major European markets, large producers that also include Hyundai Motor Co. and Kia Motors Corp. have built state-of-the-art assembly lines across the region, which is also home to a web of component makers.
Insurers are trying to escape COVID-19 liability, watchdog tells UK Supreme Cour
A lawyer for the Financial Conduct Authority (FCA), which brought a test case against insurers on behalf of policyholders, said insurers had reached an “extraordinary conclusion” that business losses were largely uncovered during the coronavirus pandemic because of the widespread havoc it has caused.
“(Insurers) are saying: ‘We insure perils but not ones that are going to cost us a huge amount of money. We never contemplated that’. Well, that isn’t an answer,” Colin Edelman, the FCA’s lawyer, told the second day of a four-day appeal, watched by thousands of businesses brought to their knees during the pandemic.
Cyber attacks up multi-fold in current environment: India”s cyber security coordinator
“In such unprecedented times, you mentioned two Cs – the challenge of corona and challenge of cyber. Actually, at the perch which I sit, there are 3 Cs. The third ”C” of course is on our northern border, which is another challenge that we are facing.
“In such an environment, cyber-attacks have gone up multi-fold. There are 4 lakh malware, we find every day. 375 cyber-attacks take place,” Pant said at an event organised by largest private sector lender HDFC Bank.
Dip in new COVID-19 cases, India records 29,163 infections in single day
The number of active cases remained below 5 lakh for the seventh consecutive day.There are 4,53,401 active cases of coronavirus infection in the country as?on date?which comprises 5.11 per cent of the total caseload,the data stated.?
The total recoveries have surged to 82,90,370 pushing the national recovery rate to 93.42 per cent,while the COVID-19 case fatality rate stands at 1.47 per cent
Normalcy may return by winter 2021, says COVID-19 vaccine creator
A new COVID vaccine’s impact will work significantly over the summer and life should be back to normal by next winter, Prof Ugur Sahin, co-founder of BioNTech, whose vaccine candidate has proved to prevent over 90 per cent people from getting Covid-19, as per preliminary reports. The Pfizer-BioNTech is one of the 11 vaccines in their final tests.
This winter would still be hard, he said in an interview on the BBC’s Andrew Marr Show.
Clarity Over Coverage is Critical as COVID-19 Casts a Shadow over Jan Renewals
The biggest challenge at this renewal, however, is undoubtedly exclusionary language and clarity of wordings related to COVID-19 – particularly loss occurrence clauses and, where relevant, claim payments or claims validity.
Munich Re and Porsche form JV, to offer innovative manufacturing, software and financial mangement expertise
Torsten Jeworrek, member of Munich Re’s Board of Managementsaid,“With the FlexFactory, we and our partners have created a future-oriented platform for opening up new markets, which addresses a central challenge of modern production. Our cooperation once again underlines Munich Re’s innovative power and solution competence as a risk manager and financing expert for Industry 4.0.”
Insurers need to deploy integrated digital ecosystems to elevate customer experience:dacadoo
Many insurers have failed to fully grasp the magnitude of the changes that are happening,” explains Peter Ohnemus, President & CEO of the Health and Insurtech firm dacadoo, which provides digital health engagement and health risk quantification systems to insurers.
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Annual global modeled insured average Cat losses in 2020 at $100 billion:AIR Worldwide
“The ability for the global (re)insurance industry, financial institutions, governments, and non-governmental organizations to prepare for large losses before they occur is critical to continued solvency and resilience,” said Rob Newbold, executive vice president at AIR Worldwide.