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Indian
SC sets aside SAT’s “aiding and abetting corruption’ remarks against former IRDA member Joseph
Aggrieved by a SAT order, the IRDAI and its former member PJ Joseph...
Sebi moots new disclosure framework for IPOs of loss-making cos
The move comes against the backdrop of many new age companies, that...
EV charging stations expand 2.5 times in 9 cities including Delhi, Mumbai
Efforts by the government resulted in 2.5 times increase in...
Dollar millionaires in India rise 11% in pandemic-hit 2021: Survey
The survey of 350 such dollar millionaires also indicated that the...
International
US, European Covid-19 vaccine developers pledge to uphold testing rigour
According to the statement, the nine companies pledge to follow established guidance from expert regulatory authorities such as the FDA.
Among other hurdles, approval must be based on large, diverse clinical trials with comparative groups that do not receive the vaccine in question. Participants and those working on the trial must not know which group they belong to, according to the pledge.
Swiss Re sees positive outlook for renewals, further market hardening expected
Overall, Swiss Re expects the non-life insurance market to continue to grow, driven primarily by exposure growth. Swiss Re Institute forecasts a global growth rate of 3.3% in real terms for 2021. Other factors driving demand are the awareness, triggered by COVID-19, of the danger of being uninsured and the increasing frequency of weather-related events.
Swiss Re is making use of advanced technology to lead the way in underwriting. This includes enriching client exposure information with geospatial data to improve both the accuracy and speed of risk and loss assessments. In contracts, natural language processing complements human contract reviews, which helps to flag favourable vs potentially problematic clauses and generate new wording insights
QBE Hong Kong offers new mental health support coverage for individual PA products
The mental health support coverage is a new feature and it will help to subsidise consultations with professional psychologists for those suffering from mental wellbeing concerns brought on by enforced Work-From-Home (WFH) arrangements during COVID-19.
“In the near future, we are looking at creating new products to address mental wellness which will better protect our customers and their families,” said Lei Yu, CEO North Asia and Regional Distribution Head.
Don’t stop us paying dividends, European insurers tell regulators
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