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40 pc elderly want to be employed for as long as possible, 13 pc experience physical abuse: study
The insurance sector and schemes - both government and private -...
India would become USD 5-trillion economy by 2026-27: CEA
''We are now USD 3.3 trillion, it is not such a difficult target to...
LIC to focus on non-par products, launches non-participatory, savings product Dhan Sanchay
(L to R) MR Kumar, chairman, Siddhartha Mohanty, managing director,...
Paritosh Tripathi to succeed Kandpal as new MD & CEO of SBI General Insurance
Paritosh Tripathi, MD & CEO,(Designate), SBI General Insurance...
International
Prudence Foundation launches 2nd edition of its Tech Awards to find life-saving technologies for disaster resilience
Winners will have access to financial support, coaching and networking opportunities to help scale their innovative technology solutions
Since 2000, more than 40 per cent of global disaster events have taken place in the Asia Pacific region, resulting in around 800,000 deaths and affecting 3.2 billion people. This year, the COVID-19 pandemic which has infected more than 11 million people and expected to result in over $2.7 trillion in economic losses[ has magnified the importance of disaster preparedness and collaboration across all sectors in reducing the threat and impact of natural disaster events.
Munich Re to no longer cover events cancelled for pandemics
The world’s largest resinsurer is making the change after it faced large losses this year in the wake of the coronavirus crisis.
Torsten Jeworrek, who oversees the reinsurance segment, said that Munich Re would remain in the business but that the tweak in its strategy was a result of the pandemic. The resinsurer will also adjust prices for event cancellation coverage, he said.
The cancellation and postponement of sports events like the Olympics in Tokyo as well as concerts have been a major burden for Munich Re, which expects a total of 4 billion euros ($4.85 billion) in COVID-related losses.
Get used to limited access, EU tells City of London bankers & insurers
Brexit makes it “even more urgent” for the EU to develop its own capital market to cut reliance on the City of London, Europe’s biggest financial centre, Mairead McGuinness said.
Britain’s full access to the EU ends on Dec. 31 when a transition period that followed Brexit in January expires.
Many banks, asset managers and insurers in London have opened hubs in the bloc to avoid disruption to clients from limited direct access from the UK.
France to help farmers to abandon glyphosate weedkiller developed by Bayer’s Monsanto
Glyphosate, first developed by Bayer’s Monsanto under the Roundup brand, has generated intense global debate over its safety since a World Health Organization agency concluded in 2015 that it probably causes cancer.
While regulators worldwide have determined glyphosate to be safe, Bayer agreed in June to settle nearly 100,000 U.S. lawsuits for $10.9 billion, denying claims that Roundup caused cancer.
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