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WHO says coronavirus unlikely to have leaked from China lab

by AIP Online Bureau | Feb 9, 2021 | Eco/Invest/Demography, Health, International News, Non-Life, Pandemic

  The coronavirus is unlikely to have leaked from a Chinese lab and is more likely to have jumped to humans from an animal, a World Health Organization team has concluded, an expert said Tuesday as the group wrapped up a visit to explore the origins of the virus....

Overall COVID-19 seropositivity among healthcare workers over 25 per cent: minister

by AIP Online Bureau | Feb 9, 2021 | Eco/Invest/Demography, Health, Indian News, Non-Life, Pandemic

  New Delhi: The overall COVID-19 seropositivity among healthcare workers is assessed to be 25.7 percent as per the third seroprevalence study, Minister of State for Health Ashwini Choubey told Rajya Sabha on Tuesday. Sero survey or Seroprevalence studies are...

No provision of insurance for recipients of COVID-19 vaccine: Choubey

by AIP Online Bureau | Feb 9, 2021 | Eco/Invest/Demography, Health, Indian News, Non-Life, Pandemic

  New Delhi: There is no provision of insurance for recipients of COVID-19 vaccine against any kind of side effects or medical complications that may arise due to the inoculation, Rajya Sabha was informed on Tuesday. The COVID-19 vaccination is entirely voluntary...

UK company directors face personal liability for financial statements

by AIP Online Bureau | Feb 9, 2021 | Eco/Invest/Demography, International News, Non-Life, Regulation, Risk Management

  LONDON:  Company directors would become personally liable for the accuracy of their financial statements under landmark proposals from Britain’s finance ministry next week to improve corporate behaviour, sources familiar with the plans said on...

Scientists warn over misuse of Climate Models in financial markets

by AIP Online Bureau | Feb 9, 2021 | Climate, Environment, Renewable Energy, Eco/Invest/Demography, International News, Risk Management

  Misuse of climate models could pose a growing risk to financial markets by giving investors a false sense of certainty over how the physical impacts of climate change will play out, according to the authors of a paper published on Monday. With heat waves,...

Willis to pay $2.1m cash retention agreements for 4 executives till Aon merger

by AIP Online Bureau | Feb 9, 2021 | Eco/Invest/Demography, International News

  Willis Towers Watson said it has approved retention agreements worth $2.1 million for four executives as an incentive for their continued employment until the closing of the broker’s merger with Aon, According to a WTW filing with the U.S. Securities and...

Lloyd’s launches global resilience platform for systemic risks

by AIP Online Bureau | Feb 9, 2021 | Eco/Invest/Demography, International News, Non-Life, Reinsurance, Risk Management, Technology

  London: Lloyd’s of London is launching “Futureset,” a new global platform and community dedicated to driving greater societal and economic resilience to the world’s most challenging risks. The focus of the platform is to help build...

U.S. insurance asset sales attract new private equity players, strategies

by AIP Online Bureau | Feb 9, 2021 | Eco/Invest/Demography, International News, Life, Non-Life

  NEW YORK: U.S. insurers are stepping up sales of annuities and other capital-intensive assets amid a surge in interest from new and established private equity buyers hungry to boost the amount of money they manage, according to industry sources and public data....

New premium of life insurance firms rises 3.7 pc to Rs 21,390 cr in Jan

by AIP Online Bureau | Feb 9, 2021 | Eco/Invest/Demography, Indian News, Life

  Mumbai: The new business premium of life insurance companies grew 3.72 per cent at Rs 21,389.70 crore in January 2021, data from Irdai showed on Monday. All the 24 life insurance companies had collected s total first-year or new business premium of Rs 20,623.01...

Number of newborns in China drops 15% in 2020 as coronavirus weighs

by AIP Online Bureau | Feb 9, 2021 | Eco/Invest/Demography, Facts, Health

BEIJING/SHANGHAI: The number of newborns in China plummeted 15% in 2020 from a year earlier, according to the Ministry of Public Security, with the onset of the novel coronavirus disrupting the economy and weighing on decisions to have a family. China saw 10.035...
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