''As we delve into the Feb 2024 data, we observe that there is a...
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Indian women turn smart investors, beat men in SIP investments: Report
Goal-based investing has emerged as a key point for women...
Govt directs Automobiles, Consumer Durables sectors to provide detailed info on warranty, service centres
Rohit Kumar Singh, Consumer Affairs Secretary To address the new as...
Companies face five liability risk trends during Covid-19 pandemic:Allianz
“Pricing in the liability insurance market may have turned in recent months, however social inflation trends and large court verdicts continue in the United States. This combined with expanded exposures for non-US companies doing business in the US and an increase in automotive part recalls are putting pressure on liability insurers,” said Ciara Brady, Global Head of Liability at AGCS.
“Overlay this with the uncertain economic outlook, political instability and unknown impacts from coronavirus and this is creating a challenging market for clients, brokers and insurers alike. While we have to react to new loss trends in underwriting, AGCS remains committed to supporting our clients with solid risk transfer solutions and capacity to address today’s liability exposures,” said Ciara.
Indian Oil gets USTDA support in its green tech endeavour
The US Trade and Development Agency’s (USTDA) funding will support state-owned IOC’s evaluation of technologies to capture and utilise carbon dioxide produced during refinery operations, presenting a novel and cost-effective environmental strategy that can be expanded to other refineries in India, according to a statement on Wednesday.
AstraZeneca suspends leading COVID-19 vaccine trials after a participant’s illness
The vaccine, developed with the University of Oxford, has been described by the World Health Organization as probably the world’s leading candidate and the most advanced in terms of development. The suspension dims prospects for an early rollout amid reports that the United States was aiming for a fast-track approval before the November presidential election.
India reports record daily jump of 95,735 Coronavirus cases
In the last 24 hours, 95,735 new infections were detected, with 1,172 deaths accounting for the highest single-day mortality figures in more than a month, to push the toll beyond 75,000.
The COVID-19 fatality rate has further dropped to 1.68 per cent while the recovery rate was recorded at 77.74 per cent
There are 9,19,018 active cases in the country which comprise 20.58 per cent of the total caseload, the data stated
COVID-19: India reports 89,706 fresh cases; death toll rises to 73,890 with 1,115 fatalities
The COVID-19 case fatality rate has further dropped to 1.69 per cent.
There are 8,97,394 active cases of COVID-19, which is 20.53 per cent of the total caseload in the country, the data stated.
Global Coronavirus deaths hit 9,00,000 as cases surge in India
An average of more than 5,600 people die each day from COVID-19, according to Reuters calculations based on data from the last two weeks. The rate of deaths is holding steady taking 18 days to climb from 800,000 to 900,000 deaths. It took 17 days to go from 700,000 to 800,000.
“SCOR well positioned to capture profitable growth opportunities”:Kessler
Kessler commented: “With the Covid-19 pandemic, SCOR has once again demonstrated its capacity to absorb major shocks combined with the resilience of its business model. Regarding the assessment of our exposure to the Covid-19 pandemic that we provided at the end of July 2020, on the P&C side, claims are developing as expected. On the life side, at this stage, claims experience is emerging better than expected. In addition, the pandemic has also exacerbated society’s growing aversion to risk, creating the conditions to drive stronger growth for the reinsurance industry.
First batch of Russia’s Covid-19 vaccine Sputnik V released into public
“The first batch of the ‘Gam-COVID-Vac’ (Sputnik V) vaccine for the prevention of the new coronavirus infection, developed by the Gamaleya National Research Center of Epidemiology and Microbiology of the Ministry of Health of Russia, has passed the necessary quality tests in the laboratories of Roszdravnadzor (medical device regulator) and has been released into civil circulation,” the ministry said in a statement.
India to have 220 GW renewable energy capacity by 2022: PM
“Technology holds the key to scale up the use of solar energy. Technological advancements have already brought about a significant reduction in the price of solar power. A further reduction in the cost will provide a major boost to the use and expansion of renewable energy,” Prime Minister Narendra Mod said in the message.
India’s child mortality rate declined between 1990 and 2019: UN
However, the COVID-19 pandemic has resulted in major disruptions to health services that threaten to undo decades of hard-won progress toward eliminating preventable child deaths.