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Indian
Rising premium growth, govt reforms to strengthen insurers’ profitability: Moody’s Report
''The Indian insurance industry's growth prospects are favourable,...
5G scare: AI cancels 8 US flights; DGCA working to overcome situation
Air India stated on Twitter that it won't be operate eight India-US...
Risk mitigation in insurance key to drive penetration: Official
Both the government and the Insurance Regulatory and Development...
ICICI Lombard General Q3 profit remains flat at Rs 318 cr
Bhargav Dasgupta, managing director and CEO, ICICI Lombard General...
International
Prudential partners PAI Health to measure physical activity on digital health app,Pulse
PAI Health services will be available to Pulse users across 11 markets in Asia.
Nic Nicandrou, chief executive of Prudential Corporation Asia, said, “It has never been a more important time than now to help people build health resilience and boost immunity by adopting a more active lifestyle. Through Pulse, we are committed to providing leading technology, content and services to help people live healthier lives. We are excited to add PAI Health’s programme to our platform and provide new actionable heart health insights to users, so we can help them live healthy and well, for longer.”
Global airlines less hopeful on COVID-19 recovery
“The second half of this year will see a slower recovery than we’d hoped,” IATA Chief Economist Brian Pearce said. June passenger numbers were down 86.5% year-on-year, the organisation said, after a 91% contraction in May.
Recovery prospects are weakened by the spread of COVID-19 in the United States and developing countries together representing 40% of global air travel, IATA said.
Toyko,Sydney aim to lure edgy Hong Kong financial firms, but Singapore a top draw
Institutions have not made any major moves from Hong Kong as yet, but they are being circumspect even about discussing contingency plans as the topic is sensitive and many hope to expand in mainland China.
Busan in South Korea is offering tax breaks and rent free offices to financial firms, while Taiwan’s top regulator told Reuters he hoped the island’s rule of law and democratic values would attract business.
The political upheaval in Hong Kong has created an opportunity for Australia and Sydney to become a stronger regional financial centre,” Senator Andrew Bragg wrote to Australia’s Treasurer this month, proposing policy changes.
“Tokyo will, frankly, struggle to steal significant market share from, let alone replace, Hong Kong,” said Steven Tran, a partner at law firm Mayer Brown in Hong Kong, who was previously based in Tokyo for four years.
Second wave of coronavirus in Asia prompts fresh lockdowns
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