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Eco/Invest/Demography

April 1 Renewals:Market pricing remain firm in all classes and territories, Willis Re 

James Kent, Global CEO of Willis Re, said: “The market landscape has not seen much change since 1 January and consequently the important 1 April renewals saw more of the same between reinsurers and their customers. Market results for 2020 illustrate the challenges faced by the global reinsurance sector of reduced investment income, declining prior-year reserve releases, rising COVID-19 loss reserving, and increased volatility in the frequency and severity both of natural catastrophes and man-made losses.

However, reinsurers’ 2020 results, when adjusted for COVID-19 claims reserves, have shown encouraging improvements in underlying combined ratios and buyers’ immediate concerns over capacity availability and pricing have been allayed leading to an orderly renewal.”

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Study reveals increased rates of organ damage after discharge from hospital with Covid-19

Although Covid-19 is most well known for causing serious respiratory problems, it can affect other organs and systems within the body, including the heart, kidneys, and liver.

Several unexplained symptoms that continue for more than 12 weeks after Covid-19 are said to be part of a post-Covid syndrome (also known as “long Covid”), but the long term pattern of organ damage after infection is still unclear.

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U.S. envoy Kerry heads to India to try and lift ‘climate ambition’

India, whose per capita emissions are way lower than that of the United States, European countries and even China, is concerned that binding itself to such a target could constrain the energy needs of its people.

Kerry kicks off his trip on Thursday that will also take him to the United Arab Emirates and Bangladesh, which experts say is especially vulnerable to climate change as it has large numbers of people living in areas barely above sea level, and lacks infrastructure to protect them

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Govt proposes to establish alternate funding, increase assistance in new Rare Disease Policy Draft

Noting that India has close to 50-100 million people affected by rare diseases or disorders, the policy report said almost 80 per cent of these rare condition patients are children and a leading cause for most of them not reaching adulthood is due to the high morbidity and mortality rates of these life-threatening diseases.

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Study confirms link of processed meat to cardiovascular disease, early death

After following the participants for almost a decade, the researchers found consumption of 150 grams or more of processed meat a week was associated with a 46 per cent higher risk of cardiovascular disease and a 51 per cent higher risk of death than those who ate no processed meat.
However, the researchers also found moderate levels of consumption of non-processed meats had a neutral effect on health.

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Major auto firms log robust sales in March on pent up demand

Toyota Kirloskar Motor, Honda Cars and Mahindra and Mahindra (M&M) also reported strong sales last month as compared to the year-ago period, when dispatches were adversely impacted due to the impending transition to BSVI from April 2020 and the nationwide lockdown to contain the coronavirus pandemic.

The country’s largest carmaker Maruti Suzuki India said its domestic sales stood at 1,49,518 units last month. The auto major had reported sales of 76,976 units in March 2020.

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Suez Canal to seek over $1bn compensation for losses caused by stuck ship

The SCA chairman explained that the compensation demanded by the authority is not only for the financial losses caused by six-day navigation suspension, but includes the expenses of using dredgers and tugboats and the physical damage caused during the salvage process.

Egypt resumed navigation in the canal several hours after the Ever Given was freed and re-floated on Monday, after which many of the 422 ships that have been kept waiting started to cross the waterway.

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