Category:

Disaster & Management

Gallagher launches Pandemic group insurance product for India’s Front-Line Workforce

“Insurance products generally exclude pandemics, epidemics and infectious disease management in a commercial environment. As such, a COVID-19 specific solution for the India market presents a practical solution for the business community and our clients, and we are delighted to be able to reach this point,” Wade concluded.

read more

Trump administration pushing to rip global supply chains from China: officials

“We’ve been working on [reducing the reliance of our supply chains in China] over the last few years but we are now turbo-charging that initiative,” Keith Krach, undersecretary for Economic Growth, Energy and the Environment at the U.S. State Department told Reuters.

The pandemic has highlighted China’s key role in the supply chain for generic drugs here that account for the majority of prescriptions in the United States. It has also shown China’s dominance in goods like here the thermal cameras needed to test workers for fevers, and its importance in food supplies.

read more

Global coronavirus cases surpass 3.5 million amid underreporting fears

Globally, there were 74,779 new cases over the past 24 hours, according to the Reuters tally that is based on official government data, taking total cases to around 3.52 million.

“We could easily have a second or a third wave because a lot of places aren’t immune,” Collignon said, noting the world was well short of herd immunity, which requires around 60% of the population to have recovered from the disease.Peter Collignon, an infectious diseases physician and microbiologist at Canberra Hospital, told Reuters

read more

Covid-19 Pandemic:Confirmed cases cross 40,000,1,323 dead,record 2,644 new cases detected in last 24 hours

In a significant milestone in its fight against the novel Coronavirus,India has completed over 1 million Covid-19 RT-PCR tests (Reverse Transcription-Polymerase Chain Reaction).According to ICMR, a total of 1046450 samples have been tested as on 03 May 2020, 9 AM IST.RT-PCR is the only diagnostic test for Covid-19 approved by the World Health Organization.​​​​​​​India is current carrying out an average of 75,000 tests per day at 419 approved laboratories across the country.

read more

Covid-19 will make life tough for non-life insurers: experts

“The Covid-19 will surely have its negative impact on the Indian non-life insurance industry as the lockdown is expected to continue in one way or other. There will be a drop in the business for the first quarter while improvement is expected in the second quarter of FY 21,” G. Srinivasan,Director, National Insurance Academy and former chairman-cum-managing director, New India Assurance

read more