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Indian
Bajaj Allianz General Insurance launches health product
Bajaj Allianz General Insurance on Friday launched a new product in...
Three dead, 10 injured in fire at India’s Gujarat Fluorochemicals plant
The company did not give additional details about the fire, but...
LIC to take legal action against misuse of Its logo on social media platforms
"It has also come to our notice that certain unscrupulous service...
Bank strike delays clearance of 38 lakh cheques worth Rs 37,000 crore
About one lakh bank branches remain closed and some others headed...
International
At least 126 killed as Myanmar jade mine collapse buries workers
“There’s no hope for the families to get compensation as they were freelance miners.”
The government of Nobel laureate Aung San Suu Kyi pledged to clean up the industry when it took power in 2016, but activists say little has changed.
Official sales of jade in Myanmar were worth 671 million euros ($750 million) in 2016-17, according to data published by the government as part of an Extractive Industries Transparency Initiative.
Big South African insurers face $232 million in claims from 500 virus-hit firms
Loss adjustment firm Insurance Claims Africa (ICA) is pushing a host of big South African insurers including Santam , Old Mutual, Hollard and HIC Underwriting Managers to make payouts under business interruption policies sold to its clients.They are firms in the hospitality and tourism industry now on the cusp of closure after virus restrictions brought their businesses to a standstill.
Ryan Woolley, ICA CEO, told journalists on Wednesday that its calculations showed the claims by the firms ICA is representing amounted to between 3.5 billion rand and 4 billion rand, though it had offered the relevant insurers reduced amounts to settle the matter.
Wirecard exposes Big 4 accounting lapses
The Big Four have each developed lucrative advisory arms to compete with McKinsey & Co. and other firms to provide the opportunity for revenue growth and brand building that accounting doesn’t. However, regulators say that creates an inherent conflict of interest and encourages the auditors to be restrained in their audits to protect consulting opportunities.
Allianz CEO sees business recovery in 2021 after coronavirus impact
Allianz may need a third less office space in the long term, he said. Travel costs could be cut by half. The company’s life insurance segment has held up despite the lack of personal contact between advisors and customers during the crisis. “You will be surprised how well business is developing”, said CEO Oliver Baete
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