As life expectancy in India reaches an impressive average of 72...
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Insuring The Sharing Economy
As traditional ways of doing business become more fluid, new risks and uncertainties are emerging. In particular, many sharing economy companies currently assert that whatever happens in the course of a peer-to-peer transaction is between the participants and all they are doing is supplying the platform.
Interim Budget 2019-20: Focussing on Health Insurance & Wearable Technology
The Union Budget of 2019 can provide an instant fillip to health insurance by incentivising manufacture and sale of health wearable technology devices and biosensors. Similar to the boost provided to the education sector through distribution of laptops to students and the revolution in the communication sector through enhanced mobile connectivity, tax breaks on wearable health devices can stimulate the economic growth rate through social wellbeing.
Bonding with Banks
There is tremendous scope for innovation given the large number of banking customers. With banks selling insurance products of more than one insurance company, options are also in abundance with the scope for customised product offerings. For instance, loan secure products which give the customer the protection to from paying financial liabilitiesin case something unfortunate happens
Global debt reaches an all-time high of $184 trillion, 225 percent of GDP in 2017
On average, the world’s debt now exceeds $86,000 in per capita terms, which is more than 2½ times the average income per-capita.The most indebted economies in the world are also the richer ones. You can explore this more in the interactive chart below. The top three borrowers in the world—the United States, China, and Japan—account for more than half of global debt, exceeding their share of global output.
What does the future hold for data privacy?
A group of mobile telephone operators in India has begun a pilot project with the World Health Organisation to identify whether their network data can provide insights into population volume and movement patterns and be used to improve planning to control the spread of tuberculosis – one of the biggest killers in the country.
Virtual Competition: Online Platforms, Consumer Outcomes and Competition in Insurance
The importance of platforms in insurance is likely to increase further, due to the deployment of new technologies and shifting consumer expectations. A global consumer survey (unpublished) by The Geneva Association and Edelman Intelligence revealed that 60% of respondents would go online to look for information about insurance. Platforms such as Google, Amazon, and Alibaba have entered into agreements with insurance companies or are otherwise weighing up their entrance to the insurance space.
LIC’s Global Call
We have to make LIC , a global financial conglomerate!! LIC has achieved a cult status as far as life insurance is concerned. Now I dream of a day when LIC of india will acquire a similar status as a conglomerate. This is my ultimate vision for LIC @ 75… A place where all kinds of people, with all kind of needs and in all kinds of places: are served under just one roof…that of LIC of india…and they need not go anywhere else, ever!!!
Asia’s Digital Revolution
The penetration of e-commerce, as a percentage of total retail sales, now stands at 15 percent in China, compared with 10 percent in the United States. E-commerce penetration is lower in the rest of Asia but is growing fast, particularly in India, Indonesia and Vietnam.
WHO guidelines: Management of physical health conditions in adults with severe mental disorders
People with SMD have a 2-3 times higher average mortality compared to the general population, which translates to a 10-20 year reduction in life expectancy . People with bipolar disorder and schizophrenia have been shown to have higher rates of mortality in both high and low-income settings. The majority of these premature deaths are due to physical health conditions.
Stronger global financial system, but new vulnerabilities emering since crisis
There are other ways stability risks could rise sharply. These include a broader escalation of trade tensions, a no-deal Brexit, renewed concerns about fiscal policy in some highly indebted euro area countries, and a faster-than-expected normalization of monetary policy in advanced economies.