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Indian
Meghalaya govt to power its remote health centres using solar technology
Irrespective of the difficult terrain, remoteness, vulnerability to...
All adults can avail Covid-19 booster shots at pvt centres from Apr 10
"It has been decided that the precaution dose of Covid vaccines...
Equity mutual funds log Rs 28,463-cr net inflow in Mar; debt funds see Rs 1.15 lakh cr outflow
Overall, the mutual fund industry registered a net outflow of Rs...
WHO’s supply suspension of Covaxin not to impact travel of people: MEA
'I certainly do not think there should be any impact at all on...
International
Insurtechs raise a record-breaking $ 2.5 bn in Q3 2020 globally as ‘funding gap’ widens
For the first time since Q4 2017, InsurTech start-ups based in India raised more funding rounds than those based in China.
$2.5 billion was raised by InsurTech firms across 104 deals, up 63% and 41% respectively over the prior quarter. Deals included two $500 million rounds, but the mid-tier funding gap for firms seeking investments in the $20 million to $50 million range has widened, according to the new Quarterly InsurTech Briefing from Willis Towers Watson,
“SIRC 2020 Re-Mind”:Mumenthaler and Kessler to address the virtual event, Global-Asia Insurance Partnership to be launched
Deputy Prime Minister, Coordinating Minister for Economic Policies and Minister for Finance, Heng Swee Keat will announce the launch of the Global-Asia Insurance Partnership (GAIP), a new global centre of excellence in risk management in Singapore that is a tripartite partnership amongst regulators, academia and industry
Singapore’s Nanyang Technological University will be the research institution partner under the GAIP, to work on studies about the future development and needs of the insurance sector.
All insurance/reinsurance industry practitioners and media can register for the virtual event free of cost at https://sirc.6connex.com/event/SIRC2020REMIND/login
Swiss Re joins global coalition to better predict & prevent outbreak and pandemics, to harness data and analytics
The Trinity Challenge aims to develop ideas and tools for tackling the three stages of infectious disease emergencies – identification, response and recovery.
By becoming a member of The Trinity Challenge, Swiss Re is joining leaders across the academic, non-profit and private sectors including Google, Microsoft and Facebook, GlaxoSmithKline, McKinsey & Company, the Gates Foundation, the University of Cambridge and Imperial College London.
Peak Re raises $250 million of capital, to boost reinsurance capacity
Commenting on the transaction, Franz Josef Hahn, Chief Executive Officer of Peak Re, said, “The transaction marks a significant milestone for Peak Re. The Securities will enable the company to diversify its capital structure, and bring additional capacity to the reinsurance market from international investors. Our business has shown resilience to the current pandemic, and with the hardening of the reinsurance market, the new capital will enable Peak Re to capture the growth opportunity ahead.”
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