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German ‘insurtech’ Wefox plans risk-prevention product

by AIP Online Bureau | Mar 12, 2021 | Eco/Invest/Demography, International News, Non-Life, Risk Management, Technology

  BERLIN: German insurance tech startup Wefox plans to launch a risk prevention product that will use data from smartphones and other connected devices to warn users of impending danger, its founder and CEO Julian Teicke told Reuters on Thursday. The product, to...

Maharashtra:Two health officials test Covid postive after 2nd vaccine dose

by AIP Online Bureau | Mar 11, 2021 | Eco/Invest/Demography, Facts, Health, Non-Life, Pandemic, Risk Management

  Jalna: Two health officials test Covid postive after 2nd vaccine doseTwo health department officials have tested coronavirus positive in Jalna district of Maharashtra days after they were given the second dose of COVID-19 vaccine, an official said on...

Denmark, Norway, Iceland suspend use of AstraZeneca vaccine

by AIP Online Bureau | Mar 11, 2021 | Eco/Invest/Demography, Health, International News, Non-Life, Pandemic

Denmark, Norway and Iceland on Thursday temporarily suspended the use of AstraZeneca's Covid-19 vaccine over concerns about patients developing post-jab blood clots, as the manufacturer and Europe's medicines watchdog insisted the vaccine was safe. Denmark was...

Arora to handle investment portfolio after Kutumbe retires

by AIP Online Bureau | Mar 11, 2021 | Indian News, Regulation

  Hydearbad: With Pravin Kutumbe, member, Finance & Investment,IRDA,retiring today from his post, after completing his three-year stint, both of his portfolios have been distributed between SN Rajeswari, member,Distribution and PK Arora, member,...

China’s Microsoft hack, Russia’s SolarWinds attack threaten to overwhelm U.S.

by AIP Online Bureau | Mar 11, 2021 | Eco/Invest/Demography, International News

  China’s global attack on Microsoft’s popular email software revealed last week and an equally sprawling Russian attack discovered three months ago have created a two-front war that threatens to overwhelm cybersecurity’s emergency responders,...

Greensill, Gupta and the fragile tower of money and metal

by AIP Online Bureau | Mar 11, 2021 | Eco/Invest/Demography, International News, Risk Management

  Lex Greensill’s business has unraveled at a blistering pace, leaving a tangled trail of destruction all around it. On Monday, Greensill Capital filed for administration in the UK, capping a stunning collapse for its founder. The bank that he owns in...

US selects compensation experts to oversee Boeing 737 MAX victim fund

by AIP Online Bureau | Mar 11, 2021 | Eco/Invest/Demography, International News

  Prominent attorneys Kenneth Feinberg and Camille Biros have been named to oversee a $500 million victim compensation fund for the relatives of 346 people killed in two fatal Boeing 737 MAX crashes, a spokeswoman for Feinberg confirmed on Wednesday, the second...

Most economies won’t return to pre-Covid activity levels by 2022: Moody’s

by AIP Online Bureau | Mar 11, 2021 | Eco/Invest/Demography, Health, International News, Non-Life, Pandemic

  New Delhi: Moody's Investors Service on Thursday said the credit downturn arising out of COVID-19 will be short-lived but most economies will not return to pre-pandemic activity levels until 2022. In the year since the World Health Organisation (WHO)...

Europe’s sustainable assets surge in 2020, more to come – EFAMA

by AIP Online Bureau | Mar 11, 2021 | Climate, Environment, Renewable Energy, Eco/Invest/Demography, International News

Assets in mutual funds which invest according to environmental, social and governance (ESG) criteria in Europe grew sharply in 2020 and should continue to accelerate, Europe's investment management industry body, EFAMA, said on Thursday. Net assets in ESG funds...

HSBC toughens stance on fossil fuel funding after shareholder heat

by AIP Online Bureau | Mar 11, 2021 | Climate, Environment, Renewable Energy, Eco/Invest/Demography, International News, Risk Management

  London: HSBC will phase out its support for the coal industry in the developed world by 2030 and in the developing world by 2040, the bank said on Thursday, bowing to investor pressure to toughen its stance on fossil fuel financing. Investors managing some $2.4...
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