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Eco/Invest/Demography

Poor public risk management led to higher Covid-19 Pandemic losses and P&C market exposure:Denis Kessler 

Denis Kessler, chairman and chief executive officer of SCOR said that this is the biggest surprise of the crisis because it’s the opposite of what, broadly speaking, had been anticipated and modelled for pandemic risk. While the industry was certainly not unaware of pandemic threat, it failed to accurately anticipate the lines it would impact most severely

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High recovery keep active COVID-19 cases in India below 6 lakh

The Health ministry further said 76 per cent of the new cases of COVID-19 were from 10 states and UTs, with Kerala and Delhi having contributed the maximum of more than 6,000 cases each. Maharashtra had over 4,000 new cases in a day.

As many as 514 fatalities have been reported in a a day. Of these, nearly 80 per cent were concentrated in 10 states and UTs with Maharashtra reporting the maximum 120 deaths.

India’s COVID-19 fatality rate stands at 1.49 per cent, with 21 states and UTs have deaths per million lower than the national average, the ministry said. 

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