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Indian
IRDAI to scrap licensing renewals for insurance brokers and other intermediaries: chairman Panda
Debasish Panda, chairman,IRDAI ``We have decided to dispense with...
New IRDA chief Panda launches `Reforms 2.0′ for Indian insurance industry
Debasish Panda,chairman, IRDAI ``After two-decades of...
Suspected Chinese hackers collect intelligence from India’s power grid
The hackers focused on at least seven “load dispatch” centers in...
“Every Indian should have at least one life insurance and a health cover ” says new IRDAI chief unveiling his new industry agenda
Debasish Panda, chairman, IRDAI IRDA chief has hinted that insurers...
International
Epidemic & Pandemic insurance contracts less ambiguous in Asia:Peak Re CEO
“Specifically, when you look at COVID-19, this part of the world is going through its fifth epidemic this century, and this century is only 20 years old. There are much less problems on the wordings side in respect of pandemics in Asia,” Franz-Josef Hahn, chief executive officer, Peak Re said.
Looking ahead to January 1, 2021 renewals,Hahn highlighted that the period represents a chance for reinsurers to “correct pricing” – a move he believes necessary for the development of a “sustainable” marketplace. Otherwise, [the marketplace] is not going to go any further and no capacity will be provided any longer,” .
UK Vaccine Taskforce Chair says early COVID-19 vaccines may be imperfect – The Lancet
“However, we do not know that we will ever have a vaccine at all. It is important to guard against complacency and over-optimism”, UK Vaccine Taskforce Chair Kate Bingham wrote in a piece published in The Lancet medical journal.
“The first generation of vaccines is likely to be imperfect, and we should be prepared that they might not prevent infection but rather reduce symptoms, and, even then, might not work for everyone or for long,” she added.
Novartis upbeat as drugmakers see hospitals coping with COVID
ZURICH: Novartis joined rivals Merck, Johnson & Johnson and...
AIG to separate Life & Retirement business
”Peter S. Zaffino, AIG’s President & Global Chief Operating Officer, and CEO-elect, stated, “Across AIG, we have made significant progress executing on our strategy to deliver value for our clients, distribution partners, shareholders and other stakeholders. Our businesses can be further strengthened by separating Life & Retirement from AIG, which we believe will enable each entity to achieve a more appropriate and sustainable valuation.”
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