Chinese insurers have received a total 376,200 claims relating to the Henan floods as of July 26, the CBIRC said, and the total payouts so far reached 492 million yuan.

Expand number of types of cybercrimes from 9 to 23, Russia proposes to UN

Jul 28, 2021

The draft convention, presented by Gorodov in Vienna, “introduces new elements of crimes committed using information and communication”.

“The draft reflects 23 corpus delicti, including unauthorized access to personal data, illegal distribution of counterfeit medicines and medical devices, terrorism, extremism, rehabilitation of Nazism, illegal trafficking of drugs, weapons, involvement of minors in illegal activities and much more — all the most relevant in the world of cybercrime,” Deputy Prosecutor General Petr Gorodov said.

AIR Worldwide enhances extreme event models for Japan, Releases updated earthquake and typhoon models

Jul 28, 2021

“In 2018 and 2019, four powerful typhoons struck Japan, incurring total insured losses of approximately USD 30 billion from wind and flood damage,” said Dr. Boyko Dodov, vice president of research, AIR Worldwide.

“As is the case after any major storm or severe storm season, we have been analyzing and reanalyzing a plethora of meteorological data, market exposure and company claims data sets from these and previous historical storms,” he said.

Global banks show tantalising signs of stability: S&P

Jul 28, 2021

S&P said its base case is that the global banking sector will continue to slowly stabilise as the economic rebound gains momentum and as support is gradually withdrawn. Should a re-intensification of risks occur, this will require more support from public authorities for the real economy.For 11 of the top 20 banking jurisdictions, S&P estimates that a return to pre-Covid-19 levels of financial strength will not occur until 2023 or beyond. For the other nine, it estimates that recovery may occur by year-end 2022.

« Older Entries

Next Entries »

Briefs