by AIP Online Bureau | Nov 16, 2020 | Eco/Invest/Demography, Health, International News, Non-Life, Pandemic, Technology
ZURICH/FRANKFURT: Breakthrough technology that transforms the body into a virus-zapping vaccine factory is poised to revolutionise the fight against COVID-19 but future pandemics and even cancer could be next, scientists say.The initial success of so-called messenger...
by AIP Online Bureau | Nov 16, 2020 | Eco/Invest/Demography, Facts, Health, Non-Life, Pandemic
HELSINKI: While many countries struggle with a second wave of the coronavirus, Finland has halted a rise in new infections at Europe’s lowest level, helped by the fact that for Finns social distancing comes naturally.While a remote Nordic location and one...
by AIP Online Bureau | Nov 16, 2020 | Eco/Invest/Demography, Health, International News, Non-Life, Pandemic
Medical costs of German COVID-19 patients who have left hospitals are on average 50% higher than before they were admitted, data from a major insurer showed, a sign that even those who have recovered struggle to regain full health. The study from...
by AIP Online Bureau | Nov 16, 2020 | Eco/Invest/Demography, Health, Intermediaries, International News, Non-Life, Pandemic, Risk Management, Technology, Workplace/Employee Benefits
Cybersecurity has emerged as the most pressing exposure for business confronting a new "age of risk," topping the coronavirus pandemic and climate change, in part because cybercrime is so pervasive, the head of insurance broker and consulting firm...
by AIP Online Bureau | Nov 16, 2020 | Eco/Invest/Demography, International News, Non-Life
AXA SA was ordered to pay tens of millions of euros in back taxes last year after French fiscal authorities deemed a Luxembourg-based structure was improperly used to avoid tax payments in France, Mediapart reported on Sunday. French fiscal authorities found in...
by AIP Online Bureau | Nov 16, 2020 | Climate, Environment, Renewable Energy, Eco/Invest/Demography, International News, Non-Life, Reinsurance
Three strong typhoons over the past three weeks have killed more than 100 people in the Philippines and damaged farms and infrastructure worth almost 25 billion pesos ($518.5 million), based on reports from its disaster agency. A number of provinces north of...
by AIP Online Bureau | Nov 16, 2020 | Eco/Invest/Demography, Health, International News, Non-Life, Pandemic, Reinsurance, Risk Management
LONDON: Major insurance companies told the UK Supreme Court on Monday it was wrong to assume there could be unlimited cover during a pandemic in an appeal closely watched by thousands of British businesses devastated by the coronavirus crisis. Opening a fast-tracked,...
by AIP Online Bureau | Nov 16, 2020 | Eco/Invest/Demography, Facts
LONDON: Insurance companies in Europe and Asia Pacific are at different stages of their journey to integrate environmental, social and governance (ESG) factors into their businesses, according to new research conducted by AM Best. A new Best's Special...
by AIP Online Bureau | Nov 16, 2020 | Disaster & Management, Eco/Invest/Demography, International News, Non-Life, Reinsurance, Risk Management
BOSTON: Catastrophe modeling firm AIR Worldwide (AIR) estimated that the global modeled insured average annual loss from catastrophes worldwide in 2020 is nearly USD $ 100 billion. The 1 percent aggregate exceedance probability insured loss (or the...
by AIP Online Bureau | Nov 16, 2020 | Eco/Invest/Demography, Facts, Health, Non-Life, Pandemic
Zurich: Consumers’ shifting demands are now combining with digital innovation to transform analogue business models, with record funding being allocated towards Insurtech developments, even against a backdrop of the coronavirus pandemic, according to a...
