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Here is a masonry blog layout with no sidebarShip insurance costs soar after Middle East tanker attacks
Oil tanker insurance costs to jump after Gulf attacks
The Joint War Committee, a group that advises insurers, designated the entire Persian Gulf and waters just outside it a so-called Listed Area after the incidents a month ago. The classification gives underwriters room to charge more. As of Thursday, owners were reluctant to send vessels to the region while there was also a dearth of cargoes, according to traders and shipbrokers involved in that market, who spoke on condition of anonymity.
ACORD launches solution to digitise insurance lifecycle End-To-End
“The market needs accelerators to help it gain cost savings and efficiencies. ACORD iConductor is a turn-key solution that helps realize these benefits by digitizing the whole insurance lifecycle to streamline, automate, and eliminate inefficiencies.This platform is designed and built to address the current and future scale of the insurance market, and because it’s owned and governed by the industry, its evolution will align with demand for standardized risk exchange,” said Bill Pieroni, President and Chief Executive Officer of ACORD.
Pan-India doctors go on day-long protest in solidarity with Kolkata medicos
After entire healthcare system in West Bengal was crippled over the past four days, now doctors’ in Delhi, Mumbai and other cities in India especially AIIMS hospitals in the national capital, Raipur, Patna and Punjab are observing protest shutdown. Resident doctors in several government hospitals in Kerala and Hyderabad also staged protests as they started their ‘cease work’ demonstrations in respective cities. Around 4,500 Maharashtra Association of Resident Doctors (MARD) stopped attending to patients in all the 26 government hospitals in the state simultaneously on Friday.
Uber, Lyft appeal for deal on driver status as independent contractors
Faced with legislation in California that endangers their business model, Uber Technologies Inc. and Lyft Inc. are urging a compromise that would keep their drivers from being considered employees. “We can make independent work better if we update...
RBI asks banks to grout ATMs to wall, pill or floor to enhance security
Nine more children die in Bihar, toll rises to 63
India to become 5 trillion dollar economy by 2024: Hardeep Singh Puri
“We are a 2.8 trillion dollar economy. We are moving from this to 3 trillion dollar economy and 5 trillion dollar economy by the time the next elections take place.This year we are likely to overtake the UK to become the fifth largest economy in the world. I have absolutely not doubt that by 2030 we’ll be a 10 trillion dollar economy,” Puri said.
Uber to unveil next-generation Volvo self-driving car
Peak Re develops a new cancer multi-protection solution for Vietnam
It is part of the company’s strategy to support the evolving needs of the emerging middle class and address the protection gaps in emerging Asia.Peak Re plans to offer more solutions that boost affordable and simple insurance products in Asia beyond Vietnam, Peak Re is also actively engaging in developing customised solutions for different protection needs in other Asian markets, including China, India, Thailand, the Philippines and Cambodia.
FDI inflows to India rose 6% in 2018 to $42 bn, says UN report
“Tech and cyber dominate insurers’ horizon scanning of business risks”
Urgent need for business and technology modernisation poses the greatest threat to the global insurance industry according to the survey. At the heart of responses was the view that many sector players are weighed down by legacy business models and IT infrastructure that are poorly equipped to handle the changing demands of the industry.
Singapore’s new IP insurance initiative to support innovative enterprises enter global markets
In advanced economies such as the USA, more than 80 per cent of enterprise value of S&P 500 is already in the form of intangible assets. These trends are increasingly driven by Asian economies, with Asian IP filings growing at the compounded average growth rate of 12.7 percent from 2007 to 2017, twice as fast as the rest of the world.
Microsoft launches AI digital labs in India, to train 1.5 lakh students
FICCI for increasing FDI cap in insurance to 74%
New Delhi: The government needs to increase foreign direct investment cap in the insurance sector and multi-brand retail trading for products manufactured and sourced from India for attracting overseas inflows, industry chamber FICCI said on June 13. ...
Suspected attack on 2 oil tankers near Strait of Hormuz stokes fears of War
The prospects of a conflict have spiked since the Trump administration tightened in early May its sanctions on Iranian oil exports. Trump abandoned a year ago the 2015 deal that was meant to prevent Iran from developing a nuclear bomb and reimposed sanctions in a bid to force the Islamic Republic to rein in its military program and proxy militias. Facing economic catastrophe, Iran has threatened to retreat from the accord itself unless European parties throw it an economic lifeline.
Britain commits to net zero greenhouse gas emissions by 2050
EU says it’s ready for ‘Undesirable’ No-Deal Brexit, but some insurers are unprepared
The EU considers the Brexit deal, negotiated over 18 months, to be complete and not open to renegotiation. Departing Prime Minister Theresa May tried and failed three times to convince Parliament to approve it. The EU no-deal preparations are mainly unilateral measures. The bloc refuses to enter into “mini-deals” with the U.K. to help make no-deal Brexit easier.