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MFs add 7 mn accounts in 5 months of FY23 as awareness, digital access rise
The sharp increase in mutual fund (MF) folio count implies that a...
Ayushman Bharat Digital Mission crosses 1 cr digitally linked health records
Union Health Minister Mansukh Mandaviya Over 28,300 hospitals of...
India on track to attract $100 bn FDI this fiscal on back of reforms: Govt
The reform measures include liberalization of guidelines and...
Lightning, heavy rains kill at least 36 in India
Global warming has also increased the frequency of lightning, said...
International
Swiss Re partners with radar satellite-based flood monitoring provider ICEYE
The partnership announced today will advance Swiss Re’s natural catastrophe services by enabling early warning systems and near real-time flood monitoring built on ICEYE’s world-leading flood monitoring capabilities with radar satellite imaging.
Pranav Pasricha, Swiss Re’s Global Head of P&C Solutions: ”By combining Swiss Re’s risk knowledge with ICEYE’s data, we will be able to further expand our capabilities in geo and remote sensing. The partnership will enable us to develop solutions, advance our services to the benefit of our clients and enable faster claims payouts. We see this as an important commitment for a serious natural catastrophe threat and think it could become a real game changer.”
Insurtech platform premiums to exceed $556 Billion globally in 2025, as AI drives market transformation
Insurtech to Represent 8% of Global Insurance Premiums by 2025
The top 5 leading vendors were found to be:Ping An,Axa,Munich Re,Humana and Allianz.
The report identified that weakened customer loyalty, and the driving down of premiums by increased competition and the shift to digital will cause seismic change in insurance over the next five years.
Cinven and Singapore’s GIC complete acquisition of Miller
Greg Collins, CEO, Miller, commented,“Today marks the start of a new phase of growth. From this point onwards you will begin to see us make precise strategic investments as we look to establish Miller as the leading independent specialist (re)insurance broking firm for clients across the specialist sectors in which we choose to do business. This includes expanding our offering in Asia, Europe and North America, alongside recruiting and incentivising highly skilled specialist brokers to add to the depth of our existing talent base.
Less than 10 pc of world’s population have coronavirus antibodies: WHO Chief scientist
The only way to achieve mass herd immunity is through vaccination, the WHO chief scientist stressed.
According to Swaminathan, the currently approved vaccines offer good protection against severe disease, hospitalization and death from COVID-19. The vaccines’ effectiveness with regard to mild disease and asymptomatic coronavirus infection is still being studied.
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