by AIP Online Bureau | Jun 18, 2020 | International News, Life, Non-Life, Reinsurance
Paris: French reinsurer SCOR has welcomed Standard & Poor’s(S&P) decision to affirm its ‘AA-’ rating with ‘stable outlook’, recognizing the group’s ability to absorb the shock of the COVID-19 pandemic...
by AIP Online Bureau | Jun 18, 2020 | Eco/Invest/Demography, Indian News, Risk Management
MUMBAI: Fitch cut its outlook on India’s sovereign rating to “negative” from “stable” on Thursday and forecast a 5% contraction in growth for the current fiscal year, saying the coronavirus outbreak was extracting a heavy toll on...
by AIP Online Bureau | Jun 18, 2020 | Eco/Invest/Demography, International News, Non-Life, Reinsurance, Risk Management, Technology
Washington: The U.S. Justice Department will propose legislation as soon as Wednesday to try to remove protections that big tech platforms like Alphabet’s Google and Facebook have had for decades, a department official said on Wednesday, speaking on...
by AIP Online Bureau | Jun 18, 2020 | Disaster & Management, Eco/Invest/Demography, Health, International News, Non-Life, Reinsurance, Risk Management
London: Insurers are set to argue against paying out fully on claims made by businesses forced to shut because of the pandemic, saying that shops in Sweden lost money even without a strict lockdown. The strategy was raised at the first case management...
by AIP Online Bureau | Jun 18, 2020 | Disaster & Management, Eco/Invest/Demography, Health, International News
ATHENS: Merchant ship crew members stranded at sea for months due to coronavirus-related travel restrictions could now start refusing to further extend their contracts and stop working, potentially disrupting global trade, the International Transport...
by AIP Online Bureau | Jun 18, 2020 | Eco/Invest/Demography, Pension & Social Security, Risk Management
LONDON: Most London-listed companies that transferred pension obligations to insurance companies saw their share prices rise by up to 3% more than sector peers in the six months after completing the deals, a report showed on Wednesday. Two-thirds of the more...
by AIP Online Bureau | Jun 18, 2020 | Eco/Invest/Demography, Facts, Non-Life, Risk Management, Technology
SUVs are more likely than passenger cars to injure or kill pedestrians, according to a new U.S. insurance industry study which recommended design changes to improve safety. Sport utility vehicles “seem to be more deadly to pedestrians than cars...
by AIP Online Bureau | Jun 17, 2020 | Disaster & Management, Eco/Invest/Demography, Health, International News
MANILA: Developing Asia will likely clock up its weakest growth in nearly six decades this year, the Asian Development Bank (ADB) said on Thursday, as measures to contain the contagious novel coronavirus hammer economic activity. Developing Asia, a group of 45...
by AIP Online Bureau | Jun 17, 2020 | Disaster & Management, Eco/Invest/Demography, Health, International News
SHANGHAI: Low standards of hygiene in China’s wholesale food markets and vulnerabilities in its food supply chain need to be urgently addressed after a new coronavirus outbreak in Beijing, a leading body of the ruling Communist Party said. The...
by AIP Online Bureau | Jun 17, 2020 | Eco/Invest/Demography, Facts, Risk Management, Technology
CHICAGO: For the past seven years, a Munich-based firm called riskmethods has tried to interest companies in buying software that allows them to track all their suppliers in a way that minimizes risks in operating globally spread supply chains. Until recently,...
