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Munich Re tightens up cyber insurance policies to exclude war

Munich Re tightens up cyber insurance policies to exclude war

by AIP Online Bureau | Apr 9, 2022 | International News, Non-Life, Reinsurance, Technology

Munich Re is seeking clearer war exclusion clauses in cyber policies, based on wording developed last year in the Lloyd’s of London market S&P Global said last week that insurance losses from the Ukraine conflict could total $35 billion, with cyber one of the...

Insurtechs battling persistent losses, slumping stocks bring in seasoned execs: S&P

by AIP Online Bureau | Apr 9, 2022 | International News, Technology

“As the publicly traded insurtechs have seen their share prices crater, and they have had to report performance results, it became evident that the insurance part of ‘insurtech’ wasn’t working,” Hertz said Insurance technology companies...
Costs of insuring ships in Black Sea skyrocket

Costs of insuring ships in Black Sea skyrocket

by AIP Online Bureau | Apr 9, 2022 | Intermediaries, International News, Non-Life, Reinsurance

Underwriters are charging as much as 10% of the value of a ship’s hull — basically the vessel’s worth as an asset — for what is called an additional war-risk premium, according to four people involved in the market. Some are simply quoting to cover at prices that they...
Meghalaya govt to power its remote health centres using solar technology

Meghalaya govt to power its remote health centres using solar technology

by AIP Online Bureau | Apr 9, 2022 | Climate, Environment, Renewable Energy, Eco/Invest/Demography, Indian News, Policy, Technology

Irrespective of the difficult terrain, remoteness, vulnerability to climate risks and natural disasters of rural habitations, the intervention will greatly benefit from solar energy that can power critical healthcare services including immunization, maternal care,...
New COVID wave a reminder pandemic is ‘far from over’: Guterres

New COVID wave a reminder pandemic is ‘far from over’: Guterres

by AIP Online Bureau | Apr 9, 2022 | Eco/Invest/Demography, Health, International News, Pandemic, Policy

António Guterres,UN Secretary-General  UN Secretary-General António Guterres said the summit was “a critical reminder that the COVID-19 pandemic is far from over. We’re seeing 1.5 million new cases each day. Large outbreaks are spreading in Asia”, he continued...
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