Indian
Centre won’t rush in giving Covid-19 vaccine to children: Mansukh Mandaviya
Union Health Minister Mansukh Mandaviya On the probability of...
Boeing may win order for up to 80 737 Max jets from India’s Akasa
Any transaction would allow Boeing to establish itself firmly in a...
Showers, flooding toss Chennai; 14 killed in rain battered TN
The state government said 14 people were killed so far in...
One nation, one portal to redress public grievances soon: Union minister Jitendra Singh
He said efforts are being made to integrate state grievance portals...
International
Germany sets up protective shield for credit insurers
Swiss Re can manage Covid-19 crisis,chairman
Swiss Re’s Chairman Walter B. Kielholz said“Despite the current circumstances, business is running without interruptions at Swiss Re as we continue to handle claims, renew contracts,share our knowledge and innovate. While at this point we assess the financial impact of the current crisis on Swiss Re as absolutely manageable, we run our business and allocate capital with the prudence that current volatility calls for.”
Chubb CEO Greenberg Warns Retroactive Measures Would ‘Bankrupt’ Insurance Industry
Greenberg said that a potential way to handle pandemic risks in the future would be to create a public-private partnership, where insurers could start covering that risk for a proper price and the government could take on the tail-risk exposure. That model would echo efforts by the government and insurance industry to deal with terrorism risks after the Sept. 11, 2001, attacks.He cautioned, however, that affordability would become a major question. Insurers will need to set prices to appropriately account for the heightened risk, but that could mean policyholders might shy away from coverage because of the higher cost.
Hiscox says UK lockdown not covered under business interruption policy
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