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Indian
Equity-oriented funds drive MF assets to record high in 2021 at Rs 37.7 lakh cr : Report
2021 saw investors put a larger amount of their money in...
LIC’s mega IPO to hit markets by March
Officials are working on the valuation of the company which manages...
ANALYSIS-India’s new COVID-19 rules aim to free up resources but carry risks
"This new strategy will affect data from rural India or certain...
India reports over 2.47 lakh fresh COVID-19 cases, 27 pc higher than y’day
380 COVID-19 infected patients lost lives in India in the last 24...
International
First human trial of AstraZeneca COVID-19 vaccine shows promise
Verisk launches Life Risk Navigator Software Platform
“As the life insurance industry undergoes a digital transformation, the demand for modern analytics platforms has grown significantly,.Life Risk Navigator brings together a robust modeling suite and allows organizations to streamline their pricing, ERM, and portfolio optimization workflows into a single platform.”” said Maroun Mourad, president, global underwriting at Verisk. “
Munich Re’s Covid-19 reinsurance losses at €700m in Q2
The largest share of these losses is attributable to cover for major events,with a lower impact reported in life and health business as well as other lines of property-casualty insurance, including business interruption. At this time, Munich Re perceives considerable ongoing uncertainty with respect to the macroeconomic development and the financial impact of COVID-19, and does not expect that uncertainty will subside between now and early 2021
Insurance software firm Majesco acquired by PE outfit Thoma Bravo for $594M
“We are extremely excited to partner with Thoma Bravo,a firm with an established track record of working with companies transitioning to the cloud.This transaction delivers significant cash value to our stockholders.Moreover, the added flexibility we will have as a private company, combined with the benefit of Thoma Bravo’s knowledge and domain expertise, can allow us to more effectively focus on our long-term investment and growth objectives, to the benefit of our employees, customers and partners.We are in alignment with Thoma Bravo on our strategic vision to help global insurers transition to the cloud,” Majesco CEO Adam Elster said
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