by AIP Online Bureau | Jun 23, 2020 | Disaster & Management, Eco/Invest/Demography, International News
LA CRUCECITA, Mexico: A powerful earthquake of magnitude 7.4 struck southern Mexico’s Pacific coast on Tuesday, killing at least six people and seriously injuring others in isolated villages, while causing damage to buildings hundreds of miles away in...
by AIP Online Bureau | Jun 23, 2020 | Eco/Invest/Demography, Facts, Pandemic
BENGALURU: Indian drugmaker Cipla Ltd will price its generic version of Gilead Sciences Inc’s antiviral drug remdesivir for use in COVID-19 patients at less than 5,000 rupees ($66), the company said. Cipla and privately held Indian drugmaker Hetero Labs on...
by AIP Online Bureau | Jun 23, 2020 | International News, Life, Technology
Singapore: Munich Re Automation Solutions, a leading insurtech specialist and subsidiary of the Munich Re Group,is bringing its digital underwriting expertise to the Asia-Pacific life insurance market with ALLFINANZ SPARK, one of its SaaS solutions. ...
by AIP Online Bureau | Jun 23, 2020 | Eco/Invest/Demography, International News, Non-Life, Reinsurance, Risk Management, Technology
London: Though, the proportion of firms reporting a cyber security event in the past 12 months is down this year from 61% to 39%.the financial impact is many times greater than before, according to an international survey commissioned by insurer Hiscox, ....
by AIP Online Bureau | Jun 23, 2020 | Eco/Invest/Demography, International News, Pandemic, Technology
London: Specialist insurer Beazley has launched a contingency policy designed to cover event organizers if a transmission failure disrupts or cancels a live virtual event. The cover is available on a global basis and offers limits of up to $10 million....
by AIP Online Bureau | Jun 23, 2020 | Eco/Invest/Demography, International News, Non-Life, Reinsurance
London: A group of brokers and insurers in the London market has come together to announce a new approach to keeping the products of modern slavery out of the export supply chain. Fidelis, Aon and Marsh have developed a clause which makes it a condition...
by AIP Online Bureau | Jun 23, 2020 | Eco/Invest/Demography, Facts, Pandemic
PARIS: French drugmaker Sanofi SA said on Tuesday it expects to get approval for the potential COVID-19 vaccine it is developing with Britain’s GlaxoSmithKline Plc by the first half of next year, faster than previously anticipated.Sanofi, which is hosting...
by AIP Online Bureau | Jun 23, 2020 | Climate, Environment, Renewable Energy, Eco/Invest/Demography, Facts
GENEVA: The World Meteorological Organization (WMO) said on Tuesday it was seeking to confirm reports of a record temperature reading of more than 100 degrees Fahrenheit in Siberia, saying they were “worrying” but appeared to be consistent...
by AIP Online Bureau | Jun 23, 2020 | Eco/Invest/Demography, International News, Non-Life, Pandemic
London: The rise in remote working due to the pandemic will increase the risk of cyber- attacks, and leave small businesses vulnerable, according to GlbalData, a leading data and analytics company. This presents a chance for insurance to improve penetration...
by AIP Online Bureau | Jun 23, 2020 | Eco/Invest/Demography, International News, Pandemic, Reinsurance
WASHINGTON: The International Finance Corporation(IFC),a member of the World Bank Group, has partnered with six global insurance companies to mobilize $2 billion in credit capacity under the Managed Co-lending Portfolio Program (MCPP). AXA XL, Aspen...
