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Here is a masonry blog layout with no sidebarMarket conditions harden further at January 2021 Renewals
Capital injections of over USD20 billion and a recovery in financial markets helped to maintain the reinsurance capacity at the levels of early 2020, proving the resilience of the market, Fitch.
The question now is how sustainable the price increases are. In the run-up to the renewals, reinsurers were optimistic of prolonged market hardening, but some are now less sure they are right:S&P
SCOR partners with CyberCube for developing a cyber risk management tool
Jean-Paul Conoscente, CEO of SCOR P&C, commented,“In line with our Quantum Leap strategic plan, under which we are accelerating our use of new technologies, this partnership with CyberCube is a perfect example of how SCOR leverages data management and analysis capabilities to build its knowledge and deliver optimal service to clients.This integrated Cyber platform is a major development that will enable us to further deepen and broaden our management of this key risk in the future.”
Microsoft, Cigna form coalition for digital records of COVID-19 vaccination
Kerala suffered Rs 1.56 lakh crore revenue loss due to COVID pandemic and lockdown:Finance minister Isaac
Kerala Finance Minister T M Thomas Isaac, who tabled the Left government’s Economic Review 2020 in the state assembly, a day ahead of the state budget,said natural disasters including Cyclone Ockhi of 2017, two consecutive floods of 2018, ’19 and the pandemic affected the state’s economy along with the return of non-resident Keralites (NRKs) from abroad, mostly following job loss.
Over 60% of seniors want to work post-retirement, spend on leisure travel: Survey
Tesla CEO Elon Musk confirms India entry
UK regulators approve Lloyd’s multi Insurance Special Purpose Vehicle for new capital
The approval is a key milestone for the Future at Lloyd’s strategy, which aims to create an insurance market that attracts new forms of capital. The new platform will make it easier for investors to access the Lloyd’s market and will benefit investors by offering a more transparent and efficient capital management process.
Willis Towers Watson adds Shanghai to its Global Markets Property & Casualty Hub
Indian stores shuttered by farmer protests cost Reliance, Walmart millions in revenue: sources
One industry source said estimated losses for Reliance from its state-wide shutdowns run into millions of dollars. Two other sources said Walmart’s estimated revenue loss from its store, one of 29 such outlets nationwide, has crossed $8 million.
In November, Punjab estimated economic losses from the protests at $4 billion, while one industry group has pegged the overall hit to India’s economy at $9.6 billion.
Google removes some lending apps in India to protect consumers
Toyota settles US probe into delayed emissions defect reports for $180 million
The government said the settlement resolved Toyota’s “systematic, longstanding violations of Clean Air Act emission-related defect reporting requirements, which require manufacturers to report potential defects and recalls affecting vehicle components designed to control emissions.”
Acting U.S. Attorney Audrey Strauss in New York said: “Toyota shut its eyes to the noncompliance, failing to provide proper training, attention, and oversight to its Clean Air Act reporting obligations.”
India brings forward target of 20% ethanol-blending with gasoline
WhatsApp faces first legal challenge in India over privacy
Tata puts post-pandemic bet on digital, electronics and health
N Chandrasekaran, chairman , Tata Group said the adoption of technology and shift in consumer and corporate behaviour will lead to the creation of new and shared workplaces closer to where people live.
“We are very serious about electric vehicles,” Chandra said, adding that Tata is investing in developing clean technology cars at home through Tata Motors and at JLR.
11 Indian cos in top-500 globally by value, country ranked 10th: Report
All these companies in the list of non-state enterprises have gained in value during 2020, which was hit by the pandemic, barring tobacco major ITC and second largest private sector lender ICICI Bank, as per the ‘Hurun Global 500’ report.Mukesh Ambani-led Reliance Industries leads among the local enterprises with a 20.5 per cent jump in valuation to USD 168.8 billion as of December 1 and is ranked 54th globally, as per the list.
Ebola vaccines stockpiled against future outbreaks
In a statement, WHO, Doctors Without Borders, UNICEF and the International Federation of Red Cross and Red Crescent Societies said they were establishing an emergency reserve of about 500,000 doses; nearly 7,000 are available now and more will be added throughout the year and beyond. Financial support for the vaccine stockpile was provided by the vaccines alliance GAVI.
Covid-19: No herd immunity in 2021, WHO warns
WHO’s chief scientist Soumya Swaminathan warned it would take time to produce and administer enough vaccine doses to halt the spread of the virus.
“We are not going to achieve any levels of population immunity or herd immunity in 2021,” she said, stressing the need to maintain physical distancing, hand-washing and mask-wearing to rein in the pandemic.
BioNTech, warned that Covid-19 would “likely become an endemic disease”, and said vaccines would need to fight against the emergence of new viral variants and a “naturally waning immune response”.