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Sovereign Green Bonds trading at IFSC to commence in 2nd half of this fiscal: RBI Governor
Shaktikanta Das, Governor,Reserve Bank of India Reserve Bank...
Kerala CM Vijayan requests PM Modi for financial assistance to tackle climate change
Prime Minister Modi on Saturday visited to the disaster-affected...
Insolvencies, Cyber Threats and ESG scrutiny drive 2021 risks for Directors and Officers: Allianz
“Many insurers are still digesting the effect of previous pricing inadequacy and exposure and loss trend increases from prior-year policies,” says Shanil Williams, Global Head of Financial Lines at AGCS.
“This is also at a time of great uncertainty around forward-looking exposure assessments, in particular the impact of Covid-19 on the economy in general and on specific industries. Combined with many ‘known unknowns’ like climate change, cyber risks or environmental, social or governance (ESG) factors, this has created a lot of nervousness in this sector. As a global D&O insurer, AGCS remains committed to working in partnership with our customers to ensure we have sustainable solutions for all parties involved,” said Williams.
Companies may face 2% fine for breaching EU cybersecurity rules
Concerns about the cybersecurity of key assets have mounted in recent months, especially over cyber attacks by state actors and other malicious players. U.S. federal agencies and thousands of companies are now investigating a sweeping hacking campaign that officials suspect was directed by the Russian government. The European Medical Agency was also targeted earlier this month.
Sold 1 lakh ”connected cars” in India, says Kia Motors
One out of two Kia cars sold in India is a connected car, which is equipped with the company”s UVO connect system, an advanced and dynamic solution that seamlessly integrates smartphone or smartwatch with the car and its infotainment system into a single unit, Kia Motors India said in a statement.
Commenting on the feat, Kia Motors India Managing Director and CEO Kookhyun Shim said,”Technology has always been at the focal point since our maiden launch in the country and we are elated to achieve one more milestone in car connectivity.”
Earnix launches its Usage and Behavior-Based insurance offering
The pandemic has accelerated the surge in consumer demand for personalization in insurance, and specifically, for UBI and BBI. This phenomenon will forever change how people and businesses consume insurance and will require all carriers to personalize in real-time the products and prices they offer,” said Udi Ziv, CEO at Earnix.
Over 60 pc women in 12 states and UTs never used internet: Survey
The states and UTs where less than 40 per cent women have used the internet are Andhra Pradesh (21 per cent), Assam (28.2 per cent), Bihar (20.6 per cent), Gujarat (30.8 per cent), Karnataka (35 per cent), Maharashtra (38 per cent), Meghalaya (34.7 per cent), Telangana (26.5 per cent), Tripura (22.9 per cent), West Bengal (25.5 per cent), Dadra & Nagar Haveli and Daman & Diu (36.7 per cent) and Andaman & Nicobar Islands (34.8 per cent), the survey revealed.
In comparison, more percentage of men have used the internet.
Lloyd’s, Parsyl to insure emerging market COVID-19 vaccine rollout
The Global Health Risk Facility (GHRF), made up of 14 insurers and reinsurers, has been set up to address the challenges of transporting temperature-sensitive vaccines, and will be supported by $26.7 million in funding from the U.S International Development Finance Corporation, the companies said on Tuesday.
The DFC loan will be used to capitalize a new public-private Lloyd’s syndicate, which will start operating in January, and allow the GHRF to offer cost-effective insurance policies for shipments of vaccines and medical products to developing countries.
Syndicate 1796 is the first public-private partnership to address a global health emergency in Lloyd’s 330-year history, the companies said.
Airlines warned over safety as jets return from pandemic storage
Worried by IATA’s data, insurers are questioning airlines about whether they are doing extra pilot training to focus on landings, said Gary Moran, head of Asia aviation at insurance broker Aon PLC.
“They want to know about the circumstances of the training,” he said.
Health ministry’s telemedicine service eSanjeevani records 1 million teleconsultations
The roll-out of eSanjeevani in India is supposedly the first-of-its-kind of digital transformation in the delivery of health services at national scale by a developing country.
During the COVID-19 pandemic, eSanjeevani not only brought about a huge digital transformation in the delivery of health services but had also boosted the digital health ecosystem in the country, the statement said.
The eSanjeevani initiative of the health ministry is serving in two streams in 28 states and union territories.
Going Digital: COVID-enforced mindset changing insurance landscape in India, Indonesia, Malaysia,Swiss Re
The growing presence of e-commerce and digital wallet apps presents opportunities for innovative partnerships between insurers and digital platforms to bridge the USD 498 billion health protection in India, Indonesia and Malaysia, according to the latest Swiss Re study.
Gmail, YouTube, Google Docs and other services go down in multiple countries
Not much more to update yet but we’re seeing and getting word from others that multiple Google services have gone down. Gmail, YouTube, Google Drive, Google Docs, Maps, Adwords and Adsense, Google Pay, Google Home and Google’s Chromecast are all experiencing outages, with dozens, even hundreds, of reports we’ve seen so far coming in from across Europe, the US, Canada, India, South Africa, countries in Central and South America, Australia and likely more.