by AIP Online Bureau | Feb 22, 2020 | Eco/Invest/Demography, International News, Non-Life, Regulation, Risk Management, Technology
U.S. legislation will be introduced in the coming weeks that could hurt technology companies’ ability to offer end-to-end encryption, two sources with knowledge of the matter said, and it aims to curb the distribution of child sexual abuse material on...
by AIP Online Bureau | Feb 22, 2020 | Eco/Invest/Demography, International News, Non-Life
China’s two-year state custody of Anbang Insurance Group Co., the group that became a poster child for private companies with too much debt and lofty global ambitions, is set to end this weekend. Authorities took control of the 2 trillion yuan ($285...
by AIP Online Bureau | Feb 21, 2020 | Eco/Invest/Demography, Facts, Health
BEIJING: China's tech billionaire Jack Ma has pledged over $2 million to support the development of antiviral drugs to combat the new coronavirus which has killed 2,236 people in the country and infected more than 75,000 others. The World Health...
by AIP Online Bureau | Feb 21, 2020 | Eco/Invest/Demography, International News, Technology
London: A report titled ‘The State of the Digital Economy in the Commonwealth’ has revealed the yawning digital gap between high and low income Commonwealth countries, while offering solutions to tackle the imbalance. The report was launched...
by AIP Online Bureau | Feb 21, 2020 | International News, Non-Life, Reinsurance, Risk Management, Technology
Boeing Co. engineers discovered in 2017 that a software glitch had rendered a warning light on the newly introduced 737 Max inoperable on 80% of the planes. But the company chose not to fix it or to inform U.S. regulators. The next year, a Lion Air jet...
by AIP Online Bureau | Feb 21, 2020 | Disaster & Management, Eco/Invest/Demography, International News, Non-Life, Reinsurance
The outbreak of the new virus threatens to erase $29 billion of this year's revenue for global airlines, mostly for Chinese carriers, as travel crashes worldwide, according to the International Air Transport Association. The trade group for global airlines...
by AIP Online Bureau | Feb 21, 2020 | Eco/Invest/Demography, Indian News, Technology
Mumbai: Investment in financial technology (fintech) ventures in India nearly doubled to $3.7 billion in 2019 making the country the world's third largest fintech market, as per an analysis by Accenture. "Fintech investments in India nearly...
by AIP Online Bureau | Feb 21, 2020 | Disaster & Management, Eco/Invest/Demography, Health, International News, Non-Life, Reinsurance
BEIJING: China reported an uptick in new cases of coronavirus on Friday, boosted by more than 200 people testing positive for the disease in two prisons outside of Hubei province, the epicentre of the outbreak.As international authorities tried to stop the...
by AIP Online Bureau | Feb 20, 2020 | Disaster & Management, Eco/Invest/Demography, Health, International News, Non-Life
Ping An Insurance Group Co. of China Ltd., China’s largest insurer by market value, said on Thursday that the coronavirus may have an impact on its business. Ping An’s comments on the virus were included in its annual results, where the...
by AIP Online Bureau | Feb 20, 2020 | International News, Reinsurance
Zurich: Reinsurer Swiss Re reported on Thursday a smaller-than-expected profit in 2019 due to claims for a series of man-made and natural disasters, as well as expenses for its U.S. casualty business, sending its shares lower. Net profit in the year rose...
