Non-Life

No clear link between school opening and COVID surge, study finds

International News       Oct 01, 2020

  LONDON: Widespread reopening of schools after lockdowns and vacations is generally not linked to rising COVID-19 rates, a study of 191 countries has found, but lockdown closures will leave a 2020 “pandemic learning debt” of 300 billion missed school days.The analysis, by the Zurich-based independent...

Indian monsoon rains above average for second year in a row

Indian News       Sep 30, 2020

MUMBAI: India’s monsoon rains in 2020 were above average for the second year in a row, the first time that has happened in more than six decades, weather department officials said on Wednesday. The 9% above-average rainfall replenished reservoirs and built up ground water, helping...

Moderna COVID-19 vaccine appears safe, shows signs of working in older adults: study

Facts       Sep 30, 2020

  CHICAGO:- Results from an early safety study of Moderna Inc's MRNA.O coronavirus vaccine candidate in older adults showed that it produced virus-neutralizing antibodies at levels similar to those seen in younger adults, with side effects roughly on par with high-dose flu shots, researchers said on...

Lloyd’s launches “first-of-its-kind” parametric business interruption insurance policy for SMEs

International News       Sep 30, 2020

London: Lloyd’s has launched a new “first-of-its-kind” business interruption policy for small and medium sized enterprises (SMEs), specifically designed to protect them against IT disruption or downtime. Parametrix Insurance offers simple and reliable coverage by removing the traditional indemnity trigger that most insurance policies today...

Georgia court allows lawsuit against sperm bank to proceed

International News       Sep 30, 2020

  A couple who accused a sperm bank of misrepresenting its process for screening donors and providing incorrect medical and educational history of the donor they selected can proceed with a lawsuit against the sperm bank, Georgia’s highest court ruled Monday. A Fulton County judge had...

Financial firms and governments deeply sceptical of cryptocurrencies: survey

International News       Sep 30, 2020

  Financial firms and governments overwhelmingly see cryptocurrencies as risky, a major survey found on Tuesday, with the potential for bitcoin and other digital tokens for use in money laundering and sanctions busting among the chief worries. Around 60% of respondents from financial firms, government and...

National Insurance incurs a loss of Rs 4100 cr in 2019-20, govt infuses Rs 1675 cr as additional capital

Indian News       Sep 29, 2020

  Kolkata: Kolkata based state- owned National Insurance Company(NIC)  has made a net loss of Rs. 4108 crores in 2019-20. The losses for the third year in a row can be mainly attributed to high claims ratio in our major portfolios like Motor, Health and Crop,...

$9 billion of Cat bond issuance during the 12-month period to June 2020

International News       Sep 29, 2020

  London: Aon plc today announced the launch of its ILS Annual Report 2020, which analyses the key trends observed in the insurance-linked securities (ILS) sector during the 12-month period to June 30, 2020. The report, Alternative Capital: Growth Potential and Resilience, reveals that ILS markets...

AXA XL launches Digital Risk Engineer, a connected solution to monitor ``buildings and assets''

International News       Sep 29, 2020

  Paris: AXA XL is accelerating the scaling of its new Digital Risk Engineer proposition – a connected solution designed to enable companies to monitor the “health” of their buildings and assets – having recently completed the successful pilot phase. Available globally, Digital Risk Engineer uses...

China to tighten supervision of country's booming online insurance business

International News       Sep 29, 2020

BEIJING: China’s banking and insurance regulator issued draft rules on Monday to rein in risks accumulated in country’s booming online insurance sector. The rules, on which the regulator is seeking public feedback till Oct. 28, will ban unlicensed institutions and individuals from participating the online...

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