International News

No clear link between school opening and COVID surge, study finds

Eco/Invest/Demography, Non-Life, Pandemic       Oct 01, 2020

  LONDON: Widespread reopening of schools after lockdowns and vacations is generally not linked to rising COVID-19 rates, a study of 191 countries has found, but lockdown closures will leave a 2020 “pandemic learning debt” of 300 billion missed school days.The analysis, by the Zurich-based independent...

COVID-19 controls turn Asia into global surveillance hotspot, analysts say

Eco/Invest/Demography, Health, Pandemic       Sep 30, 2020

  KUALA LUMPUR: Asia has become the world's surveillance hotspot and is at risk of serious privacy breaches as measures rolled out to contain the spread of COVID-19 become permanent in many countries, researchers warned on Thursday. The Right to Privacy Index (RPI) published by British-based...

Lloyd’s launches “first-of-its-kind” parametric business interruption insurance policy for SMEs

London: Lloyd’s has launched a new “first-of-its-kind” business interruption policy for small and medium sized enterprises (SMEs), specifically designed to protect them against IT disruption or downtime. Parametrix Insurance offers simple and reliable coverage by removing the traditional indemnity trigger that most insurance policies today...

Georgia court allows lawsuit against sperm bank to proceed

Non-Life, Risk Management       Sep 30, 2020

  A couple who accused a sperm bank of misrepresenting its process for screening donors and providing incorrect medical and educational history of the donor they selected can proceed with a lawsuit against the sperm bank, Georgia’s highest court ruled Monday. A Fulton County judge had...

Financial firms and governments deeply sceptical of cryptocurrencies: survey

  Financial firms and governments overwhelmingly see cryptocurrencies as risky, a major survey found on Tuesday, with the potential for bitcoin and other digital tokens for use in money laundering and sanctions busting among the chief worries. Around 60% of respondents from financial firms, government and...

AIA Group CIO says equity volatility is biggest risk, has hedged

Eco/Invest/Demography, Life       Sep 30, 2020

  Heightened equity market volatility extending beyond the U.S. presidential election is the most significant risk for investors, AIA Group’s chief investment officer said on Tuesday. Mark Konyn, group CIO at the insurance and securities firm in Hong Kong, told the Reuters Global Markets Forum that...

IFRS Foundation Trustees consult on global approach to sustainability reporting

  London: Amid heightened focus on environmental, social and governance (ESG) matters, developments in sustainability reporting and increased calls for standardisation of such reporting, the The Trustees of the IFRS Foundation  are now seeking stakeholder input on the need for global sustainability standards and gauging support...

World Bank seeks board approval for $12 billion coronavirus vaccine financing plan

Eco/Invest/Demography, Health, Pandemic       Sep 30, 2020

WASHINGTON: World Bank President David Malpass said on Tuesday he is seeking board approval for a $12 billion (£9.33 billion) coronavirus vaccine financing plan to help poor and developing countries secure a sufficient share of vaccine doses when they become available in the coming months....

$9 billion of Cat bond issuance during the 12-month period to June 2020

Eco/Invest/Demography, Non-Life, Reinsurance       Sep 29, 2020

  London: Aon plc today announced the launch of its ILS Annual Report 2020, which analyses the key trends observed in the insurance-linked securities (ILS) sector during the 12-month period to June 30, 2020. The report, Alternative Capital: Growth Potential and Resilience, reveals that ILS markets...

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