In US insurance industry, data scientists are emerging as the...
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Promoting Mental Wellbeing: Investing in APAC Youths
Research shows that approximately half of all mental health...
Maritime Safety: New risks and challenges for Shipping Industry
“Although recent sanctions are making it harder for these vessels...
Blue sky thinking: 5 things to know about air pollution
Air pollution is also harming also harms our natural environment. It decreases the oxygen supply in our oceans, makes it harder for plants to grow, and contributes to climate change.Around 90 per cent of people go through their daily lives breathing harmful polluted air, which has been described by the United Nations as the most important health issue of our time. To mark the first International Day of Clean Air for blue skies, on 7 September, UN News explains how bad it is and what is being done to tackle it.
Covid 19 Pandemic: Almost 1 in 3 affected due to work stress, ICICI Lombard survey
Sanjay Datta, Chief – Underwriting, Reinsurance & Claims, ICICI Lombard General Insurance , said, “With the transformed perception of the masses, our consumer base today looks at a health insurer not only for financial immunity during times of ill-health but we are now looked up as a partner in their holistic wellness journey. Additionally, through this survey, we observed a mindset change taking place with 47% of people and 42% of the younger age group (25-35 years) wanting to adopt a healthy lifestyle to not just get a better appearance but also feel better about themselves. Therefore keeping overall wellness as a focus, ICICI Lombard intends to act as a conduit towards a health-conscious India.”
The hybrid work revolution after Covid-19 is already transforming economies
While a more permanent transformation of working life will have painful consequences for many inner-city businesses, economists see a recalibration underway that can revitalize smaller towns and suburbs. New digital tools mean that retail and hospitality — as well as knowledge-intensive industries — are already undergoing far-reaching change.
Working from home around one day a week will boost productivity by 4.8% as the post-Covid economy takes shape, according to a recent study of more than 30,000 U.S. employees co-authored by José María Barrero of Instituto Tecnológico Autónomo de México and others. Much of that one-off increase is projected to come from reduced commuting time, a factor not usually captured by economists.
Modernising Fraud Risk Management: a must for Insurers in Pandemic
Equipped with subject matter expertise, technology, insight, connections, and money, these fraudsters are running mini organized crime empires across the country. With help from insiders, they have mapped the insurers to understand their SOPs, priorities, approach and risk appetite.
Indian insurance companies have also learned and devised effective fraud risk mitigation techniques aimed at controlling these leakages. They have invested in technology and embraced analytics in their fight against fraud.
Has global automobile market revived?
By market, India market showed the largest increase of 95.2 per cent year-on-year. It was followed by Russia (38.2 per cent |), the US (29.3 per cent |), China (27.5 per cent |), Europe (27.1 per cent |), Brazil (26.3 per cent |), and Mexico (18.1 per cent |). Compared to the first half of 2019 before COVID-19, India (1.5 per cent |) and Russia (6.0 per cent |) showed positive growth rate. The U.S. (1.3 per cent |) and China (1.1 per cent |) also showed similar level before COVID-19. However, Brazil (24.6 per cent |), Europe (23.0 per cent |), and Mexico (19.6 per cent |) showed relatively slow recovery.
ANALYSIS-Climate science struggles with ‘blind spots’ in developing nations
Only 35% of the authors working on the sixth assessment report – the current series that will culminate in a synthesis due to be finalized in September next year – hail from developing countries, according to a study published in the MDPI journal Climate, up from 31% for the fifth assessment report. Huq said that during his time working on the third and fourth IPCC assessment reports, published in 2001 and 2007, the number of scientists’ nationalities increased – but countries in the Global South were represented by just one or two authors.
Claim and counter-claim: health insurance key point of debate in pandemic
Health insurance companies received a total of 23.06 lakh claims from April 2020 till August 6, 2021, of which 13.19 lakh claims worth Rs 14,783 crore were received since April 1 this year, it said.
But why are claims being rejected? Giving the flip side of the picture, companies in the business said there are various reasons, including patients hiding pre-existing conditions or raising a claim before the waiting period of certain days after purchasing a policy.
Extreme weather makes everything harder, except climate-risk analysis
The findings were hardly surprising to those who follow climate science closely, but the gravitas of the report, which summarizes work by thousands of academics, will shift the broader conversation on global warming for years to come.That we now acknowledge, without doubt, that rising global temperatures are causing more extreme weather underlines the importance of all the work being done to assess the financial costs of climate change. It is also a reminder that financial analysts, policymakers and economists can’t begin to capture the full scale and effect of a warming planet.
Misplaced Confidence: Is India ready for another Covid wave?
Epidemiological models that predicted the second wave suggest that another, shallower wave might hit India as soon as this month. And the country isn’t nearly as ready as it thinks.Part of what is driving overconfidence is the particularly devastating nature of India’s second wave.
9 trends to watch as aviation readies for post Covid-19 takeoff:Allianz
The sudden halt imposed on the aviation industry by the Covid-19 crisis hit the sector hard. In April 2020, two-thirds of the global commercial aviation fleet sat idle on the tarmac, while passenger traffic was down 90% year-on-year. Today, the aviation industry is slowly rebounding, led by domestic travel.
As more aircraft return to the skies, a new report from aviation insurer Allianz Global Corporate & Specialty (AGCS) highlights some of the unique challenges airlines and airports face as they restart operations – ranging from “rusty” pilots to insect infestations. It also identifies a number of ways in which Covid-19 is reshaping the sector, driving long-term changes in fleet composition, flight routes and passenger demand.