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Indian
Indian general insurance prm to cross Rs 3 trillion by FY 2025, says ICRA
Neha Parikh, vice president and sector head – Financial Sector...
Shriram Life Insurance posts Rs 156 cr net profit in FY22-23
''Our growth has advanced thanks to the adoption of technology and...
Govt to roll out lost mobile blocking, tracking system pan-India on May 17
''One of the common practices is that miscreants change IMEI number...
Aviation watchdog issues warning on India over jet repo fight
The move by the Aviation Working Group, a UK-based entity that...
International
Global COVID-19 toll surpasses 4.5 million, US daily average for new cases increases
Climate Change: Insurers can afford to drop Oil and Gas—but many won’t
To date, just one insurer has promised to take “significant action” in this regard, according to analysts at Societe Generale SA.
Australia’s Suncorp was the first to announce it would no longer provide coverage for all new oil and gas production projects.While insurers (23 in all) have moved to end their underwriting of coal-related activities, they have been slow to act on oil and gas. That’s mainly because the insurance market for those fossil fuels is considerably larger, with estimated premiums of more than $17 billion in 2018, compared with $6 billion for coal power, said Peter Bosshard, program director at the Sunrise Project and global coordinator of Insure Our Future (IOF).
Japan’s Fukushima nuclear water to be released via undersea tunnel
The government decided in April to start discharging the water, after further treatment and dilution, into the Pacific Ocean in spring 2023 under safety standards set by regulators. The idea has been fiercely opposed by fishermen, residents and neighboring countries including China and South Korea.
The offshore discharge using a pipeline enclosed inside a concrete tunnel is an attempt to minimize the “reputational damage” that would occur if the contaminated water is released close to marine life off the Fukushima coast.
Sun Life taps AWS to transform its global digital services
As part of its move to accelerate digital transformation and deliver new client experiences using the cloud, Sun Life built development workspaces in North America and innovation labs in Asia to bring together IT teams and business leaders to innovate with AWS technologies.
In Asia, for example, one of the labs created the Sun Life Secure Experience, which enables Sun Life advisors to collaborate with clients virtually using video conferencing and secure file sharing.
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