Indian

Fintech firms can check digital frauds: RBI Dy Guv Sankar

Sep 28, 2021

”Another area where fintech holds promise is to prevent digital frauds, which have become apparent as the pace of digital penetration has outstripped development of awareness,” he said. Citing data, he said incidents of digital frauds have risen during the pandemic.

Centre extends nationwide COVID-19 containment measures till Oct 31

Sep 28, 2021

The home secretary said there should be a continued focus on the five-fold strategy i.e. Test-Track-Treat-Vaccination and adherence to COVID-appropriate behaviour, to safely navigate through the festive season and avoid the possibility of a surge in COVID-19 cases.

Suspension of scheduled int’l passenger flights extended till Oct 31

Sep 28, 2021

“However, international scheduled flights may be allowed on selected routes by the competent authority on a case-to-case basis,” the Directorate General of Civil Aviation added.

Scheduled international passenger services have been suspended in India since March 23, 2020 due to the coronavirus pandemic.

Active COVID-19 cases in country lowest in 194 days

Sep 28, 2021

The death toll climbed to 4,47,751 with 378 fresh fatalities, according to the data updated at 8 am.

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International

Insurers Hiscox and Beazley expect COVID-19 claims of up to $345 million

Apr 23, 2020

Hiscox said it expected to pay up to $175 million to settle claims if disruption from the COVID-19 pandemic that has put billions of people on lockdown lasts more than six months.That sum would decrease to up to $150 million if the disruption lasted six months or less.

Global reinsurer capital rose by 7% to $625 billion in 2019,Net income of 23 large global reinsurers almost doubles to $18.2 billion

Apr 23, 2020

Mike Van Slooten, Head of Business Intelligence for Reinsurance Solutions, and author of the ARA report, said: “Reinsurers faced a challenging operating environment in 2019. On the underwriting side, carriers were confronted with higher retrocessional costs, adverse development of recent catastrophe losses, and deteriorating trends in US casualty business. At the same time, interest rates in the key US and UK markets went into reverse, as policymakers sought to address worsening prospects for global economic growth.”

Car insurers should repay premiums,British lawmakers say

Apr 23, 2020

Major U.S. motor insurers are offering credit to auto and motorcycle policy holders following a decline in driving, as most Americans stay at home under widespread orders to help contain the spread of the novel coronavirus.

US State files lawsuit against China on coronavirus handling

Apr 22, 2020

The lawsuit alleges that during the critical weeks of the initial outbreak, the Chinese authorities deceived the public, suppressed crucial information, arrested whistleblowers, denied human-to-human transmission in the face of mounting evidence, destroyed critical medical research, permitted millions of people to be exposed to the virus, and even hoarded personal protective equipment (PPE, causing a global pandemic that was unnecessary and preventable.

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