McGill said it had collaborated with local Ukrainian insurer ARX to...
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Los Angeles wildfire economic loss estimates top $50 bln
J.P. Morgan believes that insured losses originating from the...
Global natural disasters cause $ 320 bn of economic losses, $140 bn of insurance claims in 2024 : Munich Re
Weather catastrophes were responsible for 93% of overall losses and...
South African farmers dream of drought cover on climate front line
Now a plan has been formulated by insurers and the government for a 3.2 billion rand ($223 million), 10-year state subsidy scheme aimed at fixing the market’s problems, according to a South African Insurance Association (SAIA) document seen by Reuters that outlines the previously unreported proposals.
Work from home fueling cyberattacks, says global financial watchdog
“Most cyber frameworks did not envisage a scenario of near-universal remote working and the exploitation of such a situation by cyber threat actors,” the FSB said in a report to G20 ministers and central banks.The report is a first take on lessons learned from the pandemic’s impact on financial stability.
Seafarers’ slow Covid-19 vaccinations endanger maritime workers, hit global trade
The shipping industry is sounding the alarm as infections increase and some ports continue to restrict access to seafarers from developing countries that supply the majority of maritime workers but can’t vaccinate them.
IAEA breaks ground for new facility to help countries tackle nuclear terrorism
The Centre will provide more than 2000 square meters of specialized technical infrastructure and equipment. Hands-on training will be conducted on demonstration systems and virtual reality environments. These platforms will emulate security systems used at nuclear power plants, research reactors and border crossings.
Participants will practice procedures on access and alarm controls, inspect physical protection systems, better understand computer security risks, and learn how to sweep an area for radioactive material during major public events, among other activities. Exercises at the training centre will also strengthen capabilities in radiological crime scene management and nuclear forensics.
Strong rise in political risk globally:Coface Political Risk Index
Inflationary risks have been in the news in recent months. In this context, the annual update of the Coface Political Risk Index shows a strong rise in political risk across the world, and particularly in the emerging countries. Indeed, figures show a deterioration in living standards and purchasing power, as well as a rise in inequalities observed following the COVID-19 crisis. At this stage, these conditions are not necessarily leading to popular uprisings, which remain limited by people’s capacity to mobilise.
Risk Control 2030: A look at the future and reflections of the past
Considering climate change, pandemic identification and control, years of environmental abuse, and rapidly increasing chemical development, the safety professional is ensured a prominent position in the future world.
Olympics-Risk of COVID spread is ‘zero’, IOC chief says, amid rising cases
Just over a week before the July 23 opening ceremony, Tokyo reported 1,308 new COVID-19 infections on Thursday, its highest daily tally since late January. Postponed last year due to the COVID-19 pandemic, the Summer Olympics have little public support in Japan amid widespread fears about a further spread of the coronavirus.
Critics on Thursday submitted a petition against the Games that has garnered more than 450,000 signatures this month, Japanese media reported. Organisers have imposed Olympics “bubbles” to prevent further transmissions of COVID-19, but medical experts are worried they might not be sufficiently tight.
Covid deaths and cases rise again globally, hurting return to normalcy
The World Health Organization reported Wednesday that deaths climbed last week after nine straight weeks of decline. It recorded more than 55,000 lives lost, a 3 per cent increase from the week before.
Cases rose 10 per cent last week to nearly 3 million, with the highest numbers recorded in Brazil, India, Indonesia and Britain, WHO said.
The reversal has been attributed to low vaccination rates, the relaxation of mask rules and other precautions, and the swift spread of the more-contagious delta variant, which WHO said has now been identified in 111 countries and is expected to become globally dominant in the coming months.
AXA XL appoints Sylvie Gleises as Country Manager, Singapore
Commenting, Xavier Veyry, CEO APAC & Europe at AXA XL, said: “Today’s businesses are faced with challenging economic conditions and evolving risks. The latest World Economic Forum Global Risks Report highlights extreme weather, climate action failure and human environmental damage as three of the top risks by likelihood. Clients need to look beyond current risks to ensure they are prepared for the risks of tomorrow, and there have never been more opportunities for AXA XL to partner with and make a difference to our clients and brokers.”
Coronavirus outbreaks at the Tokyo Olympics
A number of cases have emerged involving athletes and other people involved with the Games.Postponed last year due to the COVID-19 pandemic, the Games have little public support in Japan amid fears about the spread of the virus.
Tokyo entered its fourth state of emergency earlier this week amid a rebound in COVID-19 cases that pushed Games organisers to ban spectators from nearly all venues.