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Indian
Most of India should remain locked down for 6-8 weeks: ICMR chie
Passenger vehicle sales dip 10% in April due to Covid led restrictions
“As expected, the COVID wave has impacted the sales of vehicles in the month of April 2021. Sales of passenger vehicles fell by about 10.07 per cent, compared to March 2021, due to various restrictions in states which have been experiencing a surge in COVID-19 cases,” SIAM Director General Rajesh Menon said.
Amazon-backed Acko seeks new funds at $1 billion value
The funding round, if successful, will make Acko the latest unicorn in India, where there’s been a boom for the technology industry. In April, the country minted at least six new startups with a valuation of $1 billion or more in a week’s time.
Acko, founded in 2016, is among India’s first digital insurers that provides coverage for cars, motorbikes and even taxi passengers as well as health insurance, according to its website. It has more than 400 employees and has sold policies to over 50 million customers. Besides Amazon, the startup also counts Accel, Catamaran Ventures and SAIF Partners among its investors.
Religious and political events among factors that accelerated COVID-19 transmission in India:WHO
International
Swiss Re highlights five top risks for re/insurance industry
• Emerging geopolitical risks, the re-emergence of asbestos and risks from new technologies such as cyber, biased algorithm or the erosion of risk diversification pose the largest challenges
• Other risks are in the health and environmental area, such as people sleeping less and issues around environmental liability
Digital agility is key for insurers as BigTechs ponder entering the market:World Insurance Report
SoftBank’s talks for minority investment in Swiss Re fails
Nephila climate & Allianz close proxy revenue swap for Australia solar farms
Bermuda: Nephila Climate, the weather and ESG-driven...
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