by AIP Online Bureau | Aug 19, 2021 | Eco/Invest/Demography, International News, Non-Life, Risk Management
Lonon: A London court on Wednesday approved a 10 billion pound-plus ($14 billion-plus) class action against global payments processor Mastercard that claimants said could entitle 46 million British adults to roughly 300 pounds each if it is successful....
by AIP Online Bureau | Aug 19, 2021 | Eco/Invest/Demography, International News, Non-Life, Risk Management, Technology
Singapore: Tokio Marine Insurance Singapore Ltd. (TMiS), a subsidiary of Tokio Marine Group, announced it was hit by a ransomware cyber attack. Upon a detection of the attack, TMiS immediately took necessary measures including the isolation of the network to...
by AIP Online Bureau | Aug 19, 2021 | Eco/Invest/Demography, Indian News, Non-Life, Pandemic, Risk Management, Technology
New Delhi: After a year into the pandemic-driven remote working, 40 per cent of Indian businesses reported an increase in the cyber attack volume, severity and/or scope of cyber attacks in the last 12 months in comparison to the global figure of 47 per cent, a new...
by AIP Online Bureau | Aug 19, 2021 | Climate, Environment, Renewable Energy, Eco/Invest/Demography, International News, Non-Life, Reinsurance
Fitch Ratings believes climate volatility, which has exacerbated the intensity and severity of natural disasters, remains an area of focus for Asian reinsurers. The protection gap signals vast potential for reinsurance growth, but Asian reinsurers face...
by AIP Online Bureau | Aug 19, 2021 | Climate, Environment, Renewable Energy, Eco/Invest/Demography, International News, Non-Life, Reinsurance, Risk Management
NEW YORK: AXA XL, the property & casualty and specialty risk division of AXA, expands regional underwriting capabilities with the addition of senior environmental underwriters –Lindsay Judd, Jay Kao, Angela Case and Igor Pavlo. AXA XL also announced the...
by AIP Online Bureau | Aug 19, 2021 | Intermediaries, International News, Non-Life, Reinsurance
London: Miller, a leading independent specialist (re)insurance broker, today announces the appointment of Ron Whyte who joins to lead the broker’s expansion in Asia. Ron joins Miller from Willis Towers Watson (WTW) where most recently he held the role of...
by AIP Online Bureau | Aug 19, 2021 | Eco/Invest/Demography, International News, Non-Life, Pandemic, Reinsurance
NEW YORK: Marsh, the world’s largest insurance, together with global bank, Citi, announced the placement of an innovative risk mitigation structure on behalf of Gavi, the Vaccine Alliance (Gavi), to cover the risk associated with a number of governments...
by AIP Online Bureau | Aug 19, 2021 | Eco/Invest/Demography, Facts, Health, Non-Life, Pandemic
The COVID-19 vaccines by Pfizer and AstraZeneca are less effective against the Delta variant of coronavirus compared to the Alpha variant, according to a study led by researchers at the University of Oxford. The researchers, however, noted that with Delta,...
by AIP Online Bureau | Aug 19, 2021 | Eco/Invest/Demography, Health, Indian News, Non-Life, Pandemic
MUMBAI: Several Indian states are building facilities with more paediatric beds, plus oxygen, due to concern that children returning to school without being vaccinated will be among the most vulnerable during a third wave of coronavirus infections. Health...
by AIP Online Bureau | Aug 19, 2021 | Eco/Invest/Demography, Health, Indian News, Non-Life, Pandemic, Policy
New Delhi: Over 3.86 crore people did not get their second dose of anti-Covid vaccines — Covishield and Covaxin — within the stipulated period of time, the government has said in response to an RTI query. According to information on the CoWIN portal, as of...
