While the integration of ESG in the life insurance sector presents...
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India becomes the first country to prepare entire fauna checklist
"The faunal checklist will be an invaluable reference for...
Insurance premiums for climate resilience and NatCat protection are set to increase by 50% by 2030, to reach $200-250 billion, says report
Whilst insurance promises to be a great enabler to unlocking the...
COVID-19: India records 18,855 fresh cases, 163 more fatalities; recovery rate surges to 96.96 pc
The number of people who have recuperated from the disease has surged to 1,03,94,352, pushing the national COVID-19 recovery rate to 96.96 per cent, while the case fatality rate stands at 1.44 per cent.
The number of active COVID-19 cases in the country remained below two lakh for the 10th consecutive day.
NGT junks Punjab govt plea to recover penalty from defaulting farmers for burning crop residue
The plea sought to recover the amount of environmental compensation (pending dues and future liabilities) from the payment of sale proceeds of food grains of the defaulting farmers who have burnt paddy residue.
The NGT had in 2015 directed state governments to take coercive and punitive action against persistent defaulters of its crop residue burning order and asked them to withdraw the assistance provided to those farmers.
Mark Zuckerberg defends WhatsApp privacy policy amid India backlash
The WhatsApp policy has now been put on hold till May 15. It aims to share commercial user data with parent Facebook. The Indian government has also written a letter to WhatsApp CEO Will Cathcart to withdraw the policy.
“All of these messages are end-to-end encrypted, which means we can’t see or hear what you say and we never will, unless the person that you message chooses to share it and business messages will only be hosted on our infrastructure if the business chooses to do so,” Zuckerberg said.
Life and health insurance most likely products to see long-term benefits from COVID-19:GlobalData survey
Ben Carey-Evans, Analyst at GlobalData, comments: “Business interruption insurance is another product that could positively be impacted by COVID-19. Businesses around the world would have been scarred by forced closures throughout 2020 and into 2021 were they not able to operate. It is likely that the positive impact to this business line will be felt over time, as business owners would be very interested in policies that include pandemic cover. This product would likely have scored even higher had there not been disputes around whether insurers should pay out on COVID-19-related claims.”
OUTLOOK 2021: Regulatory challenges abound for U.S. insurers as Biden takes over, pandemic rages
While a major overhaul of insurance regulation has been ruled out, and Biden’s primary insurance-related focus is expected to be on healthcare, experts say life and property-and-casualty insurers will also need to prepare for an increase in regulatory attention from the new administration as it rushes to temper the impact of the COVID-19 pandemic.
Natural Covid-19 remedy-makers conduct clinical trial
“A clinical trial was conducted in India to monitor the outcome of a combination treatment for Covid. An Ayurvedic Remedy called ‘Immunofree’ by Corival Life Sciences, and a Nutraceutical called ‘Reginmune’ by Biogetica is found to work better in a comparative clinical trial against Standard of Care,” said a statement.
Financial operations of FB, Google, Amazon regulated: RBI, Sebi tell HC
The submission by Sebi and Reserve Bank of India have been made in response to a PIL seeking a detailed legal framework for regulating operations of techfin companies such as Facebook, Google and Amazon in India’s financial sector space.
AXA XL makes key appointment in APAC & Europe distribution team
Gleises takes on the role in addition to her responsibilities as Global Head of Revenue Synergies. She will develop AXA XL’s client strategy and oversee its implementation across the region.
India projects economic growth of 11% for 2021/22
“With the economy’s returning to normalcy brought closer by the initiation of a mega vaccination drive, hopes of a robust recovery in services sector, consumption, and investment have been rekindled,” said the survey.
J&J says vaccine offers 100% protection against coronavirus deaths
J&J’s vaccine is different from the messenger RNA-based shots made by Moderna and partners Pfizer and BioNTech SE, which each were shown to be more than 90% effective.