The negative outlook on the Long-Term ICR reflects pressure on Swiss Re’s operating performance assessment, following non-life underwriting losses in recent periods, partly driven by the casualty book of business.The group has implemented actions to improve the performance of certain sub-segments of its portfolio. However, these actions have had limited impact on results so far.

For first time,world records 1million coronavirus cases in 100 hours-Reuters tally

Jul 18, 2020

The pandemic has now killed more than 590,000 people in almost seven months, edging towards the upper range of yearly influenza deaths reported worldwide. The first death was reported on Jan. 10 in Wuhan, China before infections and fatalities then surged in Europe and later in the United States.

The Reuters tally, which is based on government reports, shows the disease is accelerating the fastest in the Americas, which account for more than half the world’s infections and half its deaths.

Insurers favor warehouse investments over offices as pandemic hastens real estate shifts

Jul 17, 2020

Pandemic lockdowns have spurred companies to re-examine their need for office space if employees continue working at home in the post-pandemic world, a trend that could drive down office occupancy rates and rents.

India lifted 271 mn people out of poverty between FY06-16, says UN report

Jul 17, 2020

Covid-19 is the latest crisis to hit the globe, and climate change all but guarantees more will follow soon. Each will affect the poor in multiple ways. More than ever, we need to work on tackling poverty and vulnerability to poverty – in all its forms,” Director of the Human Development Report Office at UNDP Pedro Coneico said.

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