SIRC 26
Indian
Bengal flood situation remains critical; 3 lakh affected
IIM Bangalore organises first-of-its kind fintech festival
PSU general insurers’ employees observe strike to protest proposed privatisation
The one-day strike against the passage of the General Insurance Business (Nationalisation) Amendment Bill 2021 in the Lok Sabha was successful across the country, General Insurance Employees All India Association’s General Secretary K Govindan claimed.
About 52,000 employees and officers across all four PSGI companies participated in the day-long strike, he added.
India reports 42,982 new COVID-19 cases
Meanwhile, India’s COVID-19 vaccination coverage has exceeded 48.93 cr. Cumulatively, 48,93,42,295 vaccine doses have been administered through 57,21,937 sessions, as per the provisional report till 7 am today. 37,55,115 vaccine doses were administered in the last 24 hours, said the Union Health Ministry.
International
SCOR issues a new contingent capital facility
Denis Kessler, Chairman & Chief Executive Officer of SCOR, comments: “Our new strategic plan “Quantum Leap” sets out ambitious profitability and solvency targets given the current financial and economic environment. This new contingent capital facility is an essential part of the active capital management policy that is at the heart of our strategy. This facility protects SCOR’s solvency, at a very low cost for our shareholders, against events such as a global pandemic or a natural catastrophe of historic proportions.”
Berkshire Hathaway launched Commercial Crime Insurance in Asia
“Corporate fraud is becoming increasingly sophisticated as technology advances at an exponential pace across the globe. Companies now face new threats and are tasked with protecting both traditional and digital assets,” said Scotland Walsh-Riddle, head of Executive & Professional Lines, BHSI Asia. “Our policy is important protection for a company’s balance sheet by both insuring against losses arising from a wide range of threats and providing support to investigate the cause of a loss.”
France to require insurers, banks to run Climate Change stress tests in 2020
European investors urge Big-Four auditors to take action on Climate Risks
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