by AIP Online Bureau | Apr 24, 2020 | Disaster & Management, Eco/Invest/Demography, Facts, Health, Policy, Regulation
SYDNEY: Australia will make it illegal for non-health officials to access data collected on smartphone software to trace the spread of the coronavirus, Prime Minister Scott Morrison said on Friday, amid privacy concerns raised by the measure. Australia has so far...
by AIP Online Bureau | Apr 23, 2020 | Eco/Invest/Demography, International News, Reinsurance
Paris: At the April 1, 2020 reinsurance renewals, SCOR Global P&C grew gross premiums up for renewal by 5.7 per cent to EUR 504 million, while benefitting from broadly improving market conditions as evidenced by a 6.6% overall increase in pricing. ...
by AIP Online Bureau | Apr 23, 2020 | Disaster & Management, Eco/Invest/Demography, Health, International News
LONDON: British motor insurers should repay all or some of their premiums to customers because of a steep drop in car use and claims due to the coronavirus lockdown, a group of lawmakers said. The lawmakers said car insurers had reported an almost 50% drop in claims...
by AIP Online Bureau | Apr 23, 2020 | International News, Life, Non-Life, Reinsurance
London: Global reinsurer capital rose by 7% to $625 billion in 2019, according to Aon’s Reinsurance Aggregate (ARA) report, which tracked the financial performance of 23 leading reinsurance carriers over the year. Traditional capital rose 9% to...
by AIP Online Bureau | Apr 23, 2020 | Disaster & Management, Eco/Invest/Demography, Facts, Health
The tidal waves of unemployment filings across the U.S. showed only the barest signs of abating last week as more than 4 million people applied for benefits, bringing the five-week total during the coronavirus pandemic to 26.5 million. Most states...
by AIP Online Bureau | Apr 23, 2020 | Disaster & Management, Eco/Invest/Demography, Health, International News, Non-Life, Reinsurance
LONDON: Lloyd’s of London insurers Hiscox and Beazley expect to pay up to $345 million (279.06 million pounds) between them to settle claims for issues including cancellation of travel and events due to the coronavirus crisis, they said on Wednesday....
by AIP Online Bureau | Apr 23, 2020 | Disaster & Management, Eco/Invest/Demography, Facts, Risk Management, Technology
A cylindrical robot rolls into a treatment room to allow health care workers to remotely take temperatures and measure blood pressure and oxygen saturation from patients hooked up to a ventilator. Another robot that looks like a pair of large fluorescent lights...
by AIP Online Bureau | Apr 23, 2020 | Eco/Invest/Demography, Indian News, Life
Hyderabad: Due to the disruptions caused by the Covid -19 pandemic nationwide lockdown, the domestic life insurance industry, consisting of 24 players led by the state owned Life Insurance Corporation(LIC),has degrown by 32 per cent in its new premium income to...
by AIP Online Bureau | Apr 23, 2020 | Disaster & Management, Eco/Invest/Demography, Health, International News
Geneva: The head of the World Health Organization (WHO) said on Wednesday that he hoped the Trump administration would reconsider its suspension of funding, but that his main focus was on ending the pandemic and saving lives. There were "worrying upward...
by AIP Online Bureau | Apr 23, 2020 | Disaster & Management, Eco/Invest/Demography, Health, International News, Life, Non-Life, Reinsurance
London: Willis Re, the reinsurance business of leading global advisory, broking and solutions company Willis Towers Watson has published a COVID-19 Impact Report. Many insurance companies will end up holding more risk than anticipated relative to...
