Shailaja Lall, Partner, Insurance & Reinsurance, Shardul...
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US, European regulators sign joint statement on effective AI competition
Generative AI has rapidly evolved in recent years and the...
Launch of NPS Vatsalya: Securing financial future of young citizens
"The launch of NPS-Vatsalya, allowing parents and guardians to...
Mobile app improves price data collection, says govt
The department is also utilising the services of Agriwatch for providing market intelligence, predictive analysis of prices and to develop price forecasting model. The department said it had proposed to DEA (department of economic affairs) for technical assistance fund under CARES Progamme of Asian Development Bank (ADB) for improving price monitoring and analysis.
Pvt health insurers offering 80-100 pc discounts on renewal premia for healthy customers
Aditya Birla Health will give a customer up to 100 per cent health returns if the insured earned enough health returns by looking after his/her health by being physically active on a regular basis.
Blood tests offer early indicator of severe Covid: Study
The findings, published in the journal Blood Advances, indicated that five proteins (resistin, lipocalin-2, HGF, IL-8, and G-CSF) that are associated with neutrophils, a type of white blood cell, were elevated in the Covid-19 patients who later became critically ill.
Rare Disease Day: Health advocacy groups press for govt policy, say India’s numbers unknown
Rare diseases, including genetic disorders such as Hunter syndrome, Gaucher disease and Fabry’s disease, are expensive to treat, difficult to identify and extract a huge toll, mostly on the young, the experts said ahead of Rare Disease Day on Sunday.
Rare diseases are also not covered by insurance policies. It is imperative the government steps in to help these patients so they can lead a near normal life, Health groups in India said.
They have also urged the government to make newborn screening mandatory to be able to identify genetical problems at an early stage. The monthly treatment cost of such diseases can be anywhere between Rs 10 lakh and Rs 50 lakh, they said.
UK health insurers’ profitability still strong despite coronavirus disruption:Fitch
Claims have reduced due to restricted hospital access, but we do not expect increased profits for insurers – any “excess” profits are likely to be used to meet the expected surge in demand from postponed elective surgeries or returned to policyholders through premium rebates.
Fintech players get $2.7 bn from VCs in 2020: Report
As against this, global fintech investments stood at a whopping $105 billion across 2,861 deals in the year, the third-highest annual total ever, as per the data collated by KPMG India.
S&P insurers moving cautiously in the aftermath of massive Texas Ice storm Uri
According to the catastrophe modelling agency Karen Clark & Co, Winter Storm Uri will cost the industry about $18 billion. In comparison, Hurricane Harvey caused $30 billion in industry insured losses in the U.S. and about $19 billion in Texas.
Specialty insurer and reinsurer SiriusPoint launches with over $3bn in capital
“We aspire to be a disruptive force in the industry and drive technology innovation – with skilled underwriting at the core of everything we do. We have set a goal to challenge the status quo and define new ways of conducting business with diversity of thought and expertise. I am very excited about our future. We are building a company and a culture we can be proud of.”
Govt sets 50 lakh users threshold to define ‘significant social media intermediary’ under IT rules
The move aims to make social media platforms like Facebook, WhatsApp, Twitter and Instagram – which have seen a phenomenal surge in usage over the past few years in India – more accountable and responsible for the content hosted on their platform.
Govt fixes Covid vaccine price at Rs 250 a shot for pvt hospitals
The Union Government has fixed the price of vaccines at Rs 250 for a dose which would be available at private hospitals for people above 60 years of age and those above 45 years of age with comorbidities, and will be vaccinated starting March 1, sources said.
The government has decided that the people will be vaccinated free of cost at the government hospitals.
The cost break-up is Rs 150 for a dose plus Rs 100 as a service charge which the private facilities can charge from the beneficiaries.