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IBM gets out of facial recognition business

by AIP Online Bureau | Jun 8, 2020 | Eco/Invest/Demography, Facts, Risk Management, Technology

  International Business Machines Corp will no longer offer general purpose facial recognition or analysis software, new Chief Executive Officer Arvind Krishna said in a letter to the members of the United States Congress on Monday.   The company will stop...

Eelectric Cars:Emerging risks and claims scenarios for manufacturers,suppliers and insurers

by AIP Online Bureau | Jun 8, 2020 | Articles, Eco/Invest/Demography, Risk Management, Technology

: Around the globe, the take-up of electric cars is expected to accelerate rapidly in future, driven by consumer demand and government policies aimed at tackling climate change. The future of mobility is clearly electric, but the transition will lead to a fundamental...

Coronavirus Situation “Worsening” Worldwide: WHO

by AIP Online Bureau | Jun 8, 2020 | Disaster & Management, Eco/Invest/Demography, Health, International News, Non-Life, Risk Management

Geneva, Switzerland: The World Health Organization said Monday that the coronavirus pandemic situation was worsening around the globe, as it warned against complacency. The WHO said it had recorded its highest daily tally of new infections, with COVID-19 raging in the...

Munich Re’s ERGO to acquire 24.9% stake in Chinese P/C Insurer

by AIP Online Bureau | Jun 8, 2020 | Eco/Invest/Demography, International News, Non-Life

  Düsseldorf: Munich Re’s ERGO insurance unit has agreed to take a 24.9% stake in Chinese Taishan Property & Casualty Insurance Co.The transaction is a further step in expanding ERGO’s insurance portfolio in the Chinese market, said the...

PartnerRe’s Clarke is chairman of Global Reinsurance Forum

by AIP Online Bureau | Jun 8, 2020 | International News, Reinsurance

  The Global Reinsurance Forum (GRF) has appointed Emmanuel Clarke, president and CEO of PartnerRe for a two-year term. He succeeds Kevin J. O’Donnell, CEO of RenaissanceRe, who became chairman in 2018.   Jean-Jacques Henchoz, CEO Hannover Re, was...

Asian companies at higher risk of default this year: data

by AIP Online Bureau | Jun 8, 2020 | Disaster & Management, Eco/Invest/Demography, Health, International News

  Asian companies are at a higher risk of default in the coming quarters than last year, a Reuters analysis of their credit ratios showed, as the coronavirus pandemic has squeezed revenue and made it harder to refinance debt.   One measure of how easily a...

Restrictions, lckdowns substantially slowed the Pandemic,may have helped prevent half a billion Covid cases in 6 countries,research says

by AIP Online Bureau | Jun 8, 2020 | Disaster & Management, Eco/Invest/Demography, Health, International News

Johannesburg: Lockdowns and other public-health measures may have prevented about half a billion coronavirus infections in six countries, including China and the U.S.   “We find that the deployment of anti-contagion policies in all six countries...

Delhi to assess if there is community transmission of COVID-19 in city

by AIP Online Bureau | Jun 8, 2020 | Disaster & Management, Eco/Invest/Demography, Health, Indian News

  New Delhi: Deputy Chief Minister Manish Sisodia on Monday said the Delhi Disaster Management Authority (DDMA) will hold a meeting on Tuesday to assess whether there is community transmission of COVID-19 in the national capital. Addressing an online media...

Focus on house-to-house survey, prompt testing: Health min to civic bodies

by AIP Online Bureau | Jun 8, 2020 | Disaster & Management, Eco/Invest/Demography, Health, Indian News

  New Delhi: The Union Health Ministry on Monday asked officials of 45 civic bodies across 38 districts in 10 states, that are witnessing a surge in Covid-19 cases, to focus onhouse-to-house surveys, carry out prompt testing and undertake active surveillance...

AXA XL appoints Xavier Veyry as CEO Asia & Europe

by AIP Online Bureau | Jun 8, 2020 | International News, Non-Life, Reinsurance

  Singapore: AXA XL today announced that Xavier Veyry has been appointed as CEO Asia & Europe. In taking up the role,   Veyry will join AXA XL’s newly configured Leadership Team, reporting to Scott Gunter, CEO.   Veyry is currently Country CEO...
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