by AIP Online Bureau | Jan 28, 2021 | Eco/Invest/Demography, International News, Technology
London: Despite the challenges faced by the (re)insurance sector in 2020 and the relatively slow start to InsurTech funding for the year, global investment in the sector reached a new accumulated annual high of US$7.1 billion for 2020, through 377 deals, the...
by AIP Online Bureau | Jan 28, 2021 | Eco/Invest/Demography, Health, International News, Life, Non-Life, Reinsurance
Brookfield Business Partners’ $1.2bn private equity with Genworth MI Canada was the insurance industry’s biggest cross border deal of Q4 2020 as cross border deals worth $5.27bn were announced globally in the quarter, according to GlobalData’s...
by AIP Online Bureau | Jan 28, 2021 | Eco/Invest/Demography, International News
LONDON: Global demand for gold fell to its lowest in 11 years in 2020 as the coronavirus upended the market, triggering huge stockpiling by investors but collapsing sales of jewellery and purchases by central banks, an industry report said on Thursday. The...
by AIP Online Bureau | Jan 28, 2021 | Eco/Invest/Demography, Indian News
Mumbai: Leading private sector life insurer ICICI Prudential on Wednesday reported a marginal 1.3 per cent growth in net profit at Rs 306 crore for the three months to December on higher tax outgo, which whittled down the massive investment gains. But the...
by AIP Online Bureau | Jan 28, 2021 | Eco/Invest/Demography, Health, International News, Non-Life, Pension & Social Security, Risk Management
AstraZeneca PLC was sued by a pension fund on behalf of investors who it says suffered losses because of flaws in the company’s testing of its coronavirus vaccine. For much of last year, the Cambridge, England-based pharmaceutical company was touting...
by AIP Online Bureau | Jan 28, 2021 | Climate, Environment, Renewable Energy, Eco/Invest/Demography, International News
European regulators need to overhaul their capital rules to free up insurers to invest more in climate-friendly infrastructure projects, the chief executive of German insurer Allianz said on Wednesday. “Today, the regulatory framework we have in Europe has...
by AIP Online Bureau | Jan 28, 2021 | Eco/Invest/Demography, Health, International News, Pandemic
The airline industry has called on the World Health Organization to rule it’s safe for people to fly without quarantining once they’ve had a coronavirus vaccine. Acknowledgement of that principle from the United Nations agency is vital to the...
by AIP Online Bureau | Jan 28, 2021 | Eco/Invest/Demography, Health, International News, Non-Life, Pandemic, Reinsurance, Risk Management
London: Insurers are facing a $2-3 billion loss if the Tokyo Olympics are canceled this year, amounting to the largest ever claim in the global event cancellation market, brokers say. With less than six months until the Games are due to start, the competition...
by AIP Online Bureau | Jan 28, 2021 | Eco/Invest/Demography, Health, Indian News, Non-Life, Pandemic
New Delhi, India's COVID-19 tally of cases crossed 1.07 crore with 11,666 new coronavirus infections being reported in a day, while the national recovery rate climbed to 96.94 per cent, according to the Union Health Ministry data updated on Thursday. The total...
by AIP Online Bureau | Jan 28, 2021 | Eco/Invest/Demography, Health, Indian News, Non-Life, Pandemic, Regulation
Jerusalem: Reliance Group has signed a USD 15 million deal with Israeli company Breath of Health (BOH) to distribute the company's swift Covid-19 breath testing system throughout India, a media report here said. According to the agreement, the Indian corporate...
