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Here is a masonry blog layout with no sidebarFintech funding in Southeast Asia triples to record $3.5 bln this yr – report
Singapore, Southeast Asia's financial hub, accounted for nearly half of the region's deals at $1.6 billion, including six mega rounds worth a combined $972 million. The next most active was Indonesia, the region's most populous country, with $904 million raised,...
QBE Re launches life reinsurance for MENA with addition to Dubai office
The newly created role marks an expansion of QBE Re’s offering in the region to focus on growing opportunities in the MENA life reinsurance market. QBE Re has appointed Mohamed El Sabri as Head of Life Reinsurance for Middle East and North Africa (MENA).Subject to...
Flooding: more likely, more extreme and more unpredictable
-Unprecedented weather patterns are challenging the flood risk landscape, which was previously well defined by government and historic records-Many flood damages occur outside of mapped river floodplains, and companies outside larger hazard zones can still be affected...
DAS SAYS GDP TO CLIP AT 9.5% AS GROWTH IMPULSES STRONG
Reserve Bank Governor Shaktikanta Das Mumbai: Stating that growth impulses and the fast-moving economic indicators are strong, Reserve Bank Governor Shaktikanta Das on Wednesday exuded Crediting various measures taken by the government and RBI for the...
U.S. auto safety regulator awards over $24 mln to Hyundai Motor whistleblower
The payout to Kim is the first under the U.S.Motor Vehicle Safety Whistleblower Act, passed by Congress in 2015 to create a whistleblower reward program in the Department of Transportation for industry insiders who provide information to safety regulator The U.S. auto...
WTW partners with Indeez for gig workers and digital platforms in Asia Pacific
Simon Weaver, Head of Corporate Risk & Broking, Asia Pacific, and Head of Australasia, WTW said: “Prior to the outbreak of COVID-19, the International Labour Organisation estimated that 1.3 billion people were working in the gig economy in 2018 in this region. The...
Equity MFs log Rs 5,215-crore inflow in Oct amid rally in markets
Equity schemes have been witnessing a net inflow since March this year and the segment has received a net inflow of Rs 73,766 crore during this period, highlighting the positive sentiments among investors. Before this, such schemes had consistently witnessed outflows...
Electric vehicle sales set to jump 80% in 2021: Report at COP2
In the first half of 2021, sales of passenger electric vehicles (including battery electric, plug-in hybrid and fuel cell vehicles) were 140 per cent higher than the same period in 2019, reaching seven per cent of global passenger vehicle sales. Glasgow:Passenger...
LIC leads in individual insurance, pvt sector in group insurance
According to a research report by Emkay Global Financial Services Ltd, the new retail policy count remained anemic for most private players barring SBI Life Insurance. “The reinsurance price increase and tightening of underwriting processes led to lower sales of pure...
“For 2021, we expect the pricing to maintain. In the non-proportional segment, pricing is soft and challenging” GLN Sarma,CEO, Hannover Re, India Branch
Germany based Hannover Re, is the third-largest global reinsurance group, with a gross premium of around €24 billion. It has set up its India branch office in Mumbai three years back and has ambitious plans for India as part of its long term Asian growth strategies....
Six major carmakers agree to phase out fossil-fuel vehicles by 2040, UK says
Cars, trucks, ships, buses and planes account for about a quarter of all global carbon emissions, data from the International Energy Agency showed, of which the bulk comes from road vehicles. GLASGOW: Six major automakers on Wednesday will commit to phasing out the...
Heat waves kill thousands of Indians every decade
Heat waves kill thousands of people every decade. Ahmedabad, a city in the western state of Gujarat, lost more than 1,300 people in 2010 when temperatures hit 47 degrees Celsius. In India’s desert state of Rajasthan, where temperatures frequently reach 40 degrees...
96 countries recognised Covishield, Covaxin: Health Minister Mandaviya
Among 96 nations include Canada, the United States of America, Australia, Spain, the United Kingdom, France, Germany, Belgium, Russia, and Switzerland. New Delhi: As many as 96 countries have recognised Covaxin and Covishield and both of these COVID-19 vaccines have...
Cryptocurrency market cap hits $3 trn mark for 1st time, Bitcoin on fire
Despite uncertainties and high volatility surrounding it, Bitcoin may touch the $100,000 mark by the end of this year. The Bitcoin market cap alone has crossed $2.5 trillion amid its rising adoption globally, particularly in India. The global cryptocurrency market has...
New framework for climate-vulnerable countries reengineers approach to financing nat cat response
The framework is adaptable and scalable across multiple developing countries to address climate-exacerbated natural hazards and weather perils including drought, flooding tropical cyclones, convection storms, and wildfire London: The Insurance Task Force (ITF) as part...
Willis Towers Watson appoints Clare Muhiudeen as Head of Asia
Based in Hong Kong, Clare will be responsible for driving business growth and directing Willis Towers Watson’s (WTW) client and colleague experience across its business segments in Asia. Reporting to Pamela Thomson-Hall, Head of International at WTW, Clare succeeds...
APEC leaders meeting to chart path forward from pandemic
In all, APEC members account for nearly 3 billion people and about 60% of the world's GDP. They span the Pacific rim, from Chile to Russia to Thailand to Australia. Wellington:U.S. President Joe Biden and his Chinese counterpart Xi Jinping will have a rare virtual...
India’s decarbonization journey poses $15 trillion economic opportunity by 2070, says report
The five pillars -- energy, mobility, industry, infrastructure and cities, and agriculture -- contribute to over 90 per cent of India's greenhouse gas emissions, it said, adding India will need to address these pillars, alongside four cross-sectoral enablers, as part...