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EU regulator to test insurers for prolonged COVID economic hit
The European Insurance and Occupational Pensions Authority (EIOPA) said it will test 44 insurers and reinsurers for their resilience to the economic consequences of the pandemic and a “lower for longer” interest rate landscape.
Insurers are exposed to the economic environment through the returns they can earn from investing insurance premiums, as well as from the level of demand for their products.
“We are still in the middle of the crisis,” EIOPA Executive Director Fausto Parente told a media conference.
“The insurance sector is for sure not immune.”
Alarmed by deaths of teachers, AMU VC writes to ICMR for study of COVID variant
In a letter to the director general of the Indian Council of Medical Research (ICMR), the VC said 16 serving and 18 retired teachers besides other employees of Aligarh Muslim University (AMU) have succumbed to the infection in the past 18 days. There is a possibility that ”a particular variant may be circulating in areas around the AMU campus and surrounding localities, which has led to these deaths”, he said, stressing the need for the study to control the spread of the virus.
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