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Here is a masonry blog layout with no sidebarDigital and new business capabilities driving modernisation of life insurers: Novarica CIO Study
“For 60% of insurers surveyed, improving digital and new business capabilities stand out as the key drivers for modernization, followed by improvements in productivity to allow faster and more fluid underwriting processes and workflows,” said Tom Benton, Vice President of Research and Consulting at Novarica
UK trials new COVID-19 smartphone app, includes Indian language versions
Taxpayers” charter to send right message to global investors on regulatory certainty: Experts
Munich Re among insurers facing ‘Major’ Beirut blast losses
Property damage alone from the blast, which killed more than 150 people and triggered the collapse of Lebanon’s government, could exceed $7 billion, according to the Institute of International Finance.
Although only a fraction of the losses are covered by insurance, the blast’s financial impact still could blow holes in reinsurers’ balance sheets. Insured losses at the port and nearby vessels and cargoes could reach $250 million, according to Guy Carpenter & Co., a U.S. brokerage.
“We are currently assuming that this will be a major loss for us,” Christoph Jurecka, Munich Re’s chief financial officer, told reporters in an Aug. 6 conference call. He declined to estimate the size of the loss, but Munich Re classifies total payouts of more than 10 million euros ($11.8 million) for one incident as “major.”
Hannover Re, another Germany-based reinsurer, also anticipates a loss of at least 10 million euros, a company board member, Sven Althoff, said last week in a call with analysts.
New Zealand considers freight as possible source of new coronavirus cluster
The source of the outbreak has baffled health officials, who said they were confident there were no local transmission of the virus in New Zealand for 102 days and that the family had not travelled overseas.
“We are working hard to put together pieces of the puzzle on how this family got infected,” said Director General of Health Ashley Bloomfield.
Investigations were zeroing in on the potential the virus was imported by freight. Bloomfield said surface testing was underway at an Auckland cool store where a man from the infected family worked.
“We know the virus can survive within refrigerated environments for quite some time,” Bloomfield said during a televised media conference.
Worldwide virus cases top 20 million, Doubling in six weeks
No meaningful action taken for cleaning Ganga tributary: NGT
“The river is practically dead and needs to be restored in the interest of the environment and public health. Meaningful progress must be achieved by the concerned departments including the Urban Development, Irrigation, Jal Nigam, and the Environment,” a bench headed by NGT Chairperson Justice A K Goel said
COVID-19: 60,963 fresh cases take India’s tally to 23,29,638
India’s rate of recovery has improved to 70.37% as 1,639,599 people, 56,110 in the last 24 hours, have been discharged from hospitals so far. “The TEST, TRACK, TREAT strategy showing desired result- early identification and prompt isolation/hospitalisation aiding exponential growth in recoveries,” the ministry tweeted on Wednesday.
Britain’s Prudential to exit U.S. business,focus on Asia, Africa
Climate Risk insurtech The Demex Group closes $4.2 Million Funding Round
Facebook removes 7 mn posts for sharing false information on Covid-19
The world’s biggest social media company removed about 22.5 million posts containing hate speech on its flagship app in the second quarter, up from 9.6 million in the first quarter. It also deleted 8.7 million posts connected to extremist organizations, compared with 6.3 million in the prior period.
Facebook said it relied more heavily on automation technology for reviewing content during the months of April, May and June as it had fewer reviewers at its offices due to the Covid-19 pandemic.
World reaction to Russia’s COVID-19 vaccine
The World Health Organization and Russian health authorities are discussing the process for possible WHO prequalification, a WHO spokesman said on Tuesday.
“Prequalification of any vaccine includes the rigorous review and assessment of all required safety and efficacy data,” WHO spokesman Tarik Jasarevic told a U.N. briefing in Geneva, referring to clinical trials.
Electric carmakers seek out blank-check firms for funding as virus spooks private markets
Electric commercial truck maker Nikola Corp NKLA.O of Phoenix, Arizona, tried unsuccessfully to raise $1 billion (766 million pounds) in the private markets and only turned to a merger with a so-called blank-check company to go public as a way to raise the needed...
Directors’ liability insurance rates surge on virus litigation fears
Premiums for directors’ liability insurance, known as D&O, in Britain rose by more than 100%, while in the United States, rates for public companies were up by 59%, Marsh said in a quarterly commercial insurance survey.D&O insurance protects company directors and executives against litigation costs.
Jonathan Turner, CEO for speciality insurance at broker Gallagher, said D&O rates for public companies seen as particularly exposed to COVID-19 legal claims had risen by as much as 2,000%.
Mauritius seeks compensation after vessel blackens beaches
More than half of about 1,000 tons of fuel that leaked from the MV Wakashio has yet to be removed from the sea and coast. About 1,020 tons of oil has been transfered from the big ship to small tankers, and crews are working to remove more than 1,500 tons that still remains, Nagashiki Shipping, which owns the vessel, said on Tuesday.
Plea in SC seeks commission for inquiry into mismanagement of COVID-19 pandemic
COVID-19: SC seeks response from Centre on plea to ban disinfection tunnels
“In the guise of preventing COVID-19 many sanitisation and disinfection devices have emerged which wrongfully claim to be effective in preventing the spread of this virus.”These include disinfection tunnels involving spraying and fumigation of disinfectants and disinfection tunnels exposing human beings to ultra violet rays with a belief of disinfecting them,” a PIL filed by law student Gursimran Singh Narula pleaded
China’s Shenzhen says chicken imported from Brazil tests positive for coronavirus
Experts say that while the SARS-CoV-2 virus is capable of infiltrating food or food packaging materials, it cannot reproduce and cannot survive at room temperature for long.
However, Li Fengqin, who heads a microbiology lab at the China National Center for Food Safety Risk Assessment told reporters in June that contaminated food put in cold storage could be a potential source of transmission.