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Eco/Invest/Demography

COVID-19 caseload in India rises to 98.57 lakh with 30,254 new cases

The number of people who have recuperated from the disease surged to 93,57,464 pushing the national recovery rate to 94.93 per cent, while the COVID-19 case fatality rate stands at 1.45 per cent.

The COVID-19 active caseload remained below 4 lakh for the seventh consecutive day. There are 3,56,546 active coronavirus infections in the country which comprises 3.62 per cent of the total caseload, the data stated.

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Doctor On Call aims for 10 lakh subscribers by 2021-end

Doctor On Call rolled out the Swasthya Sewa initiative in July this year which offers doctor consultation to patients over a call for all kinds of ailments. The subscribers need to pay Rs 500 for a family as annual subscription fee to avail the company’s services. The company follows two models to cater to its subscribers. For complex ailments it has tie-ups with hospitals and specialist doctors and in order to cater to regular health issues of the subscribers, the company has around 15 doctors on its rolls.

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Insurers jostle to give dealmakers cover for when things go wrong

M&A protection can also remove a company’s need to set money aside for potential disputes and help them to avoid costly and lengthy litigation.

As a result, a spate of insurers has entered the market, with around 30 crowding in in Europe alone, broker Paragon said. Despite the rising level of claims, the entrants have pushed down premiums, but that could be temporary.

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From romance scams to phantom PPE, banks battle coronavirus crimewave

In pandemic-related scams banks are hiring more staff to prevent and detect fraudulent transactions, forging closer ties with local and global law enforcement and launching public awareness campaigns, bankers and their advisors told Reuters
BAE Systems Applied Intelligence research suggests U.S. insurance fraud, where scammers seek to dupe insurers on costs incurred as a result of COVID-19 restrictions, has doubled in 2020, so far costing the industry $100 billion.
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How pandemic bonds became the world’s most controversial investment

Here’s how the pandemic bonds worked.

The World Bank would sell $320 million of debt to investors. In the event of a pandemic, that debt would be written off and the principal would accrue to the bank to be distributed to needy countries. Premiums were juicy – the safest slice of the offering paid 6.9% over the Libor benchmark rate, similar to returns typically found on junk-rated corporate bonds and far greater than the 2.2% available on 10-year U.S. government debt at the time. For the second tranche, which had looser triggers for a writeoff, premiums were a whopping 11.5%.

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