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“SIRC 2020 Re-Mind”:Mumenthaler and Kessler to address the virtual event, Global-Asia Insurance Partnership to be launched

by AIP Online Bureau | Oct 28, 2020 | Climate, Environment, Renewable Energy, International News, Non-Life, Reinsurance, Risk Management

  Singapore: The Singapore International  Reinsurance Conference (SIRC) Organising Committee will be organising the ‘SIRC 2020 Re-Mind,’a virtual event during 2 to 5 November – as the rescheduled 17th SIRC, the...

Insurtechs raise a record-breaking $ 2.5 bn in Q3 2020 globally as ‘funding gap’ widens

by AIP Online Bureau | Oct 28, 2020 | Eco/Invest/Demography, International News, Technology

  London: Solid investor appetite for new and mature opportunities in the InsurTech sector was again in evidence during Q3 2020, as $2.5 billion was raised by InsurTech firms across 104 deals, up 63% and 41% respectively over the prior quarter. Deals included two...

As demand picks steam in Sep, Indian economy’s animal spirits soar

by AIP Online Bureau | Oct 27, 2020 | Eco/Invest/Demography, Health, Indian News, Pandemic

  Mumbai & New Delhi: The Indian economy may contract or stagnate this fiscal but it will bounce back to be among the fastest growing in the world next year, Finance Minister Nirmala Sitharaman said .. Demand revival and the government’s focus on...

Novartis upbeat as drugmakers see hospitals coping with COVID

by AIP Online Bureau | Oct 27, 2020 | Eco/Invest/Demography, Health, International News, Pandemic

ZURICH: Novartis joined rivals Merck, Johnson & Johnson and Roche in predicting the worst of the pandemic may be over for drugmakers, amid signs healthcare systems have learned how to cope with surging infections without shutting down all services. The Swiss...

UK Vaccine Taskforce Chair says early COVID-19 vaccines may be imperfect – The Lancet

by AIP Online Bureau | Oct 27, 2020 | Eco/Invest/Demography, Health, International News, Pandemic

  London:: UK Vaccine Taskforce Chair Kate Bingham said on Tuesday that the first generation of COVID-19 vaccines “is likely to be imperfect” and that they “might not work for everyone”. “However, we do not know that we will ever...

The poor now linked to banking system, have access to loans: PM

by AIP Online Bureau | Oct 27, 2020 | Banking & Bancassurance, Eco/Invest/Demography, Indian News

Lucknow: Prime Minister Narendra Modi on Tuesday said his government has acknowledged the honesty and hard work of street vendors by offering them loans that were inaccessible to the poor in the past. "Those doing politics in the name of the poor had created an...

Epidemic & Pandemic insurance contracts less ambiguous in Asia:Peak Re CEO

by AIP Online Bureau | Oct 27, 2020 | Eco/Invest/Demography, Health, International News, Non-Life, Pandemic, Reinsurance

  London: Franz-Josef Hahn, chief executive officer, Peak Re, said that the wording in pandemic insurance contracts written in Asia Pacific were often tighter than in more developed markets due to the region’s additional experience with contagious...

Arctic headache for ship insurers as routes open up

by AIP Online Bureau | Oct 27, 2020 | Climate, Environment, Renewable Energy, Eco/Invest/Demography, International News, Non-Life, Reinsurance

  Arctic headache for ship insurers as routes open upArctic headache for ship insurers as routes open upDouble the manpower is needed to navigate. Lookout shifts are kept to just one hour, so sailors don’t lose concentration and miss a mass of floating ice....

EU warns not enough COVID vaccines for all in Europe until 2022

by AIP Online Bureau | Oct 27, 2020 | Eco/Invest/Demography, Health, International News, Pandemic

  BRUSSELS: Only part of the European Union population can be inoculated against the new coronavirus before 2022, EU officials said in an internal meeting, as the vaccines the bloc is securing may not prove effective or may not be manufactured in sufficient...

Delhi nearing third peak, situation worrisome in WB, Kerala: NITI Aayog

by AIP Online Bureau | Oct 27, 2020 | Eco/Invest/Demography, Health, Indian News, Pandemic

New Delhi: While the spread of Covid-19 in the country seems to be stabilising for now, two states and an Union Territory (UT) have remained a matter of concern for the Centre. NITI Aayog (health) member and head of the national task force for Covid-19, V.K. Paul,...
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