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Less than 10 pc of world’s population have coronavirus antibodies: WHO Chief scientist

by AIP Online Bureau | Mar 1, 2021 | Eco/Invest/Demography, Health, International News, Pandemic

Geneva: The World Health Organization (WHO) estimates that less than 10 per cent of the global population have antibodies to the coronavirus, WHO Chief Scientist Soumya Swaminathan said. "Less than 10 per cent of the world's population actually has antibodies...

Mumbai power outage could have been Chinese cyber sabotage, says minister

by AIP Online Bureau | Mar 1, 2021 | Eco/Invest/Demography, Indian News, Risk Management, Technology

  MUMBAI: A power failure that crippled India’s financial capital of Mumbai in western Maharashtra state last year could have been a case of cyber sabotage, a local minister said on Monday, as China denied a report that it was behind the outage. Mumbai...

COVID times: Airlines industry awaits guidelines for vaccinated passengers

by AIP Online Bureau | Mar 1, 2021 | Eco/Invest/Demography, Health, Indian News

  New Delhi: Many countries, including India, might have embarked on ambitious vaccination drives to curb coronavirus infections, but the airline industry is still waiting for global guidelines on overseas travel for individuals vaccinated against COVID. An...

Cinven and Singapore’s GIC complete acquisition of Miller

by AIP Online Bureau | Mar 1, 2021 | Intermediaries, International News, Reinsurance

  London: Cinven, the international private equity firm, and GIC, Singapore’s sovereign wealth fund, have completed the acquisition of leading specialist insurance and (re)insurance broker, Miller, from Willis Towers Watson. Founded in 1902, Miller operates...

Chinese hackers target Indian vaccine makers SII, Bharat Biotech, says security firm

by AIP Online Bureau | Mar 1, 2021 | Eco/Invest/Demography, Indian News

  NEW DELHI: A Chinese state-backed hacking group has in recent weeks targeted the IT systems of two Indian vaccine makers whose coronavirus shots are being used in the country’s immunisation campaign, cyber intelligence firm Cyfirma told Reuters.Rivals...

Insurtech platform premiums to exceed $556 Billion globally in 2025, as AI drives market transformation

by AIP Online Bureau | Mar 1, 2021 | Eco/Invest/Demography, International News, Life, Non-Life, Reinsurance, Technology

  Hampshire: A new study by Juniper Research has found that the total value of premiums generated by insurtech platforms – platforms with technology supporting insurance at the heart of their design – will exceed $556 billion in 2025, from $250...

Sagarmala Dev Co inks pacts for maritime projs worth Rs 11,870 cr

by AIP Online Bureau | Mar 1, 2021 | Eco/Invest/Demography, Indian News, Non-Life

  New Delhi:  Sagarmala Development Company Ltd (SDCL) on Monday said it has inked pacts for maritime projects worth Rs 11,870 crore with various public as well as private sector players. The projects pertain to development of product-specific warehouses,...

British insurer Aviva sets out net zero 2040 climate strategy

by AIP Online Bureau | Mar 1, 2021 | Climate, Environment, Renewable Energy, Eco/Invest/Demography, International News, Life, Non-Life

London: British insurer Aviva (AV.L) plans to become a net zero carbon emissions company by 2040, it said on Monday, claiming this was the most demanding target set by any major insurer worldwide. Following the 2015 Paris Agreement on climate change, many countries...

Claire Le Gall-Robinson appointed to the SCOR’s group executive committee

by AIP Online Bureau | Mar 1, 2021 | International News, Reinsurance

  Paris: Claire Le Gall-Robinson joins SCOR’s Executive Committee with effect from today. In addition to her role as General Secretary, which she has held since 2016, Claire Le Gall-Robinson is in charge of governance, the compliance function and the legal...

India reports 15,510 new COVID-19 cases, 106 deaths

by AIP Online Bureau | Mar 1, 2021 | Eco/Invest/Demography, Health, Indian News, Non-Life, Pandemic

New Delhi: As many as 15,510 new COVID-19 cases and 106 deaths were reported in India in the last 24 hours, the Union Health Ministry informed on Monday. With this, the total number of cases reported in the country now stands at 1,10,96,731, including 1,68,627 active...
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