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Reinsurance outlook changes to stable as sector raises prices amid economic recovery:Moody’s

Price increases will drive stronger earnings for reinsurers through 2022 amid the post-pandemic economic recovery
Capitalization remains solid with solvency ratios well above regulatory thresholds
Uncertainty over Covid liabilities has diminished although pandemic-related claims continue to affect earnings for some large multiline reinsurers in 2021, driven by higher than expected mortality claims. The pandemic has caused reinsurers to take a more prudent stance towards systemic risk management, including communicable disease, cyber events and climate change.

UK PM Johnson to hike taxes to pay for social care

Johnson wants to raise the National Insurance (NI) tax paid by around 25 million working people to subsidize care for pensioners, including wealthy retirees, according to British media.
In 2019, Johnson said he had a plan for social care and promised to prevent the elderly from having to sell their houses to pay for care.

Global bodies join hands to launch 500 actions to reduce environmental health burden

Environmental pollution and other environmental risks cause 24 per cent of deaths through, for example, heart disease, stroke, poisonings, traffic accidents, and others, all of which could at least be substantially reduced, if not eliminated, through bold preventive action at national, regional, local and sector-specific levels.

Air pollution alone leads to 7 million deaths each year, while climate change is expected to contribute increasingly to a broad range of health impacts, both directly and indirectly through effects on biodiversity.

Hyundai to go electric for its new commercial vehicle by 2028

Further underscoring its pioneering commitment to clean sustainable energy for all types of mobility, the Group unveiled unprecedented plans that will see the electrification of all new commercial vehicle models – featuring fuel cell electric or battery electric powertrains, as well as the application of fuel cell systems – to all models by 2028. The daring strategy will put the Group at the vanguard of the commercial vehicle sector, in the process helping to reshape the industry and realize a sustainable clean future.

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