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Swiss Re signs MoU with IIRM to enhance capability building programs in India’s insurance industry
(Lto R) Amit Kalra, Swiss Re's Head GBS Centres India and Suresh...
Acrisure Re partners with Mahindra Insurance Brokers in preferred broker agreement
Matthew Harvey, head of broking at Acrisure Re fac, said: “India is...
Bajaj Allianz Gen launches product to provide global health insurance coverage
Tapan Singhel, MD and CEO at Bajaj Allianz General Insurance Global...
Digital ads dominate FY22, ASCI takes help of AI-based tracking system
In this, the education sector remains the single largest violative...
International
New kind of loans and bonds could fill $28 billion Covid funding gap: WHO
The WHO and GAVI vaccine alliance aim to provide poor and middle-income countries with diagnostic tests, drugs and vaccines through a fund known as the Access to Covid-19 Tools (ACT) Accelerator, which was set up last April.
Bruce Aylward, a senior WHO adviser and its ACT coordinator, said that new financing mechanisms – including concessional loans and catastrophe bonds – were discussed at a meeting of the ACT facilitation council on Monday, co-chaired by Norway and South Africa.
‘1.8bn people depend on healthcare facilities without basic water services’
The report titled, ‘Global progress report on WASH in health care facilities: fundamentals first’, comes as the ongoing pandemic is exposing key vulnerabilities within health systems, including inadequate infection prevention and control, reports Xinhua news agency.
Worldwide, one in four healthcare facilities has no water services, one in three does not have access to hand hygiene where care is provided, one in 10 has no sanitation services, and one in three does not segregate waste safely.
Covid wiped out 81 mn jobs in Asia-Pacific; women, youngsters affected: ILO
Employment in Asia-Pacific showed a 4.2% decline compared with the pre-crisis trend, with the gap at 4.6% for women and 4% for men, the ILO said in a report. Young people have been especially affected by working-hour and job losses, the ILO said, with the youth share of employment losses three to 18 times higher than their share of total employment.
Insolvencies, Cyber Threats and ESG scrutiny drive 2021 risks for Directors and Officers: Allianz
“Many insurers are still digesting the effect of previous pricing inadequacy and exposure and loss trend increases from prior-year policies,” says Shanil Williams, Global Head of Financial Lines at AGCS.
“This is also at a time of great uncertainty around forward-looking exposure assessments, in particular the impact of Covid-19 on the economy in general and on specific industries. Combined with many ‘known unknowns’ like climate change, cyber risks or environmental, social or governance (ESG) factors, this has created a lot of nervousness in this sector. As a global D&O insurer, AGCS remains committed to working in partnership with our customers to ensure we have sustainable solutions for all parties involved,” said Williams.
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