Industry experts say the pandemic has focused bank executives’ minds when it comes to IT spend and more digitally savvy lenders will steal a march on competitors.

“There is a digital divide,” Jerry Silva, global banking research director at IDC said. “Sometimes I call it the predatory gap, because those banks are going to be able to steal market share from those that weren’t prepared prior to 2020.”

Under pressure, WHO plans COVID-19 vaccine insurance scheme for poor nations

Oct 29, 2020

The scheme is being set up by the promoters of the COVAX vaccine facility, which is co-led by the WHO and GAVI, a global vaccine alliance, a COVAX document published on Thursday said. COVAX aims to distribute at least 2 billion effective shots around the world by the end of next year.

The scheme could foot the bill for 92 low-income countries, mostly in Africa and South-East Asia, meaning their governments would face little or no costs from claims brought by patients, should anything go unexpectedly wrong after a COVAX-distributed vaccine is administered.

Typhoon Triggers Vietnam Landslides; 16 Dead

Oct 29, 2020

Meanwhile,the Philippines is bracing for a new storm that will hit the Southeast Asian nation this weekend, days after Typhoon Molave left at least 16 people dead and thousands in evacuation sites.

Insurtechs raise a record-breaking $ 2.5 bn in Q3 2020 globally as ‘funding gap’ widens

Oct 28, 2020

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,

« Older Entries

Next Entries »

Briefs