International News

FTLife and Munich Re announce collaboration on digital underwriting

Life, Technology       Oct 22, 2020

  Hong Kong: FTLife Insurance Company Limited and Munich Re Automation Solutions, a leading provider of digital new business, underwriting and analytics solutions to the insurance industry, today announced a new collaboration focusing on the provision of a cloud-based digital underwriting solution. The new collaboration will...

Number of South Koreans dying after flu shot rises, prompts vaccine worries

Eco/Invest/Demography, Health, Non-Life, Pandemic       Oct 22, 2020

SEOUL: At least 13 South Koreans have died after receiving flu shots in recent days, according to official and local media reports, ramping up fears about vaccine safety even as authorities rule out a link.Health authorities said on Wednesday they had no plans to suspend...

Insurers drop appeal against UK COVID-19 payout ruling on three policies

Eco/Invest/Demography, Health, Non-Life, Pandemic       Oct 21, 2020

  LONDON: Six insurers have decided not to appeal against a London High Court ruling that they were wrong to reject claims from holders of three business interruption insurance policies who have been pushed to the brink of collapse by the COVID-19 pandemic.RSA, QBE, Hiscox, MS...

IMF cuts Asia's growth forecast, warns of pandemic-driven risks

Eco/Invest/Demography, Health, Pandemic       Oct 21, 2020

TOKYO : The International Monetary Fund slashed this year’s economic forecast for Asia, reflecting a sharper-than-expected contraction in countries like India, a sign the coronavirus pandemic continues to take a heavy toll on the region.While the IMF upgraded next year’s growth forecast, it warned the...

Europe's hospitals under major stress as coronavirus cases surge

Eco/Invest/Demography, Pandemic       Oct 21, 2020

  AMSTERDAM/MADRID:  Europe’s hospital systems are at risk of buckling under the strain of soaring numbers of COVID-19 infections that have put the continent once again at the centre of the global pandemic. With case numbers that were brought largely under control by the unprecedented lockdowns...

AstraZeneca COVID-19 vaccine trial volunteer has died, Brazil health authority says

SAO PAULO: Brazilian health authority Anvisa said on Wednesday that a volunteer in a clinical trial of the COVID-19 vaccine developed by AstraZeneca and Oxford University has died, stating it had received data from an investigation into the matter. The regulator said testing of the...

Doris Höpke,member of the Board of Management responsible for Europe and Latin America 

Further rate hardening expected,cyber insurance market to surpass $ 7bn in 2020:Munich Re

  Munich:  Following years of eroding rates caused by excess capacities and low major-loss expenditure, particularly in European markets, low interest rates – likely to remain even lower for even longer due to the coronavirus pandemic – are impacting the profitability of reinsurers.Insurance covers are therefore...

Less carbon, more electric vehicles: automakers prepare for potential Biden win

  WASHINGTON/NEW YORK: Automakers are gearing up for tough new vehicle emissions rules and policies favoring electric vehicles if Democratic presidential candidate Joe Biden wins the White House.Biden and U.S. President Donald Trump both need the votes of auto workers in Midwestern swing states such as...

World trade rebounding slowly, outlook uncertain: U.N. report

Eco/Invest/Demography, Non-Life, Pandemic       Oct 21, 2020

  GENEVA: The value of global trade is set to fall by 7% to 9% in 2020 from the previous year, despite signs of a fragile rebound led by China in the third quarter, a United Nations report said on Wednesday.No region was spared by an...