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Sensex tanks 1,053 pts, investors lose Rs 8 lakh crore
Selling by FIIs due to reasons like high valuation and mixed...
Aon named a top employer for 2024 in India
Aon plc, a global professional services firm, has been named a Top...
Insurers will see take-up of cyber insurance rise following COVID-19,GlobalData
GlobalData analyst, Jazmin Chong, commented: “Cyber insurance uptake has been the most impactful among micro businesses, which saw a 300% increase between 2016 and 2019, reaching 17.8%. This huge increase is due to the very low proportion of micro businesses that held cyber insurance in the past. However, small and medium businesses have also recorded notable rises. More than 50% of medium enterprises now hold cyber insurance, highlighting the growing awareness around the importance of protection against cyber incidents among larger-sized businesses.”
WMO seeks to verify “worrying” reports of Arctic heat record
The Arctic is warming at twice the speed of the global average and this year an unusually hot Siberian spring has melted ground snow and broken up river ice early.
Sanofi eyes approval of COVID-19 vaccine by first half of 2021
There are currently no vaccines to prevent the coronavirus that has infected more than 9 million people and killed over 469,000 globally, and only a couple of medicines that have demonstrated benefit in hospitalized COVID-19 patients in clinical trials.
Fearing second COVID-19 wave, Europe aims to train ‘army’ of medics
“We need a healthcare army,” said Maurizio Cecconi, president-elect of the European Society of Intensive Care Medicine (ESICM), which brings together medics from around the world who work in wards with extremely ill patients.
China’s annual dog-meat fair opens; activists hope for last time
The coronavirus, which is believed to have originated in horseshoe bats before crossing into humans in a market in the city of Wuhan, has forced China to reassess its relationship with animals, and it has vowed to ban the wildlife trade.
In April, Shenzhen became the first city in China to ban the consumption of dogs, with others expected to follow.
India’s COVID-19 tally 4,25,282 with 14,821 fresh cases, death toll rises to 13,699
The country crossed the four lakh-mark on Sunday eight days after recording three lakh COVID-19 cases and has witnessed a surge of 2,34,747 infections from June 1 till 22.India registered over 10,000 cases for the 11th day in a row
The number of recoveries also continued to surge with 2,37,195 patients cured so far, while there were 1,74,387 active cases, according to the updated official figures at 8 am.One patient has migrated
ICICI Bank divests 1.5% stake in ICICI Pru Life for Rs 840 crores
The Government of Singapore today has acquired 1.14 percent equity stake in ICICI Prudential Life Insurance Company through open market transactions on June 22.It bought 1,64,30,820 equity shares (representing 1.14 percent of the total paid up equity capital) of ICICI Prudential at Rs 391.6 per share, as per bulk deals data on the National Stock Exchange.
The ICICI Bank’s shareholding in ICICI Prudential Life Insurance Company Limited stands at approximately 51.4%
Insurers need to be flexible with customers following unemployment spikes,says GlobalData
“Insurers need to be flexible with their customers in order to reduce the impact of rising unemployment. Payment holidays can help for a limited time period. Insurers should also be flexible and allow their customers to adjust their level of cover to one that is more affordable for them. The development of usage-based policies and short-term, on-demand policies with lower premiums will also help insurers retain some of their customers during difficult times, said Yasha Kuruvilla, Insurance Analyst at GlobalData
Work-from-home:Best Practices
According to Northwestern Medicine, a lack of routine can cause people to experience stress, poor sleep, poor eating, poor physical health, and perhaps most importantly for remote work — an ineffective use of time. Find a routine that works for you and follow through consistently.
AIA receives nod for China’s first wholly foreign owned life insurance company
China removed foreign shareholding restrictions on life insurers in January to further open up the financial market
AIA Company Limited has received approval from the China Banking and Insurance Regulatory Commission to convert its Shanghai Branch into a wholly-owned subsidiary of AIA Co. This new subsidiary will be incorporated in Shanghai and is the first wholly foreign owned life insurance company approved for incorporation in Mainland China,said AIA .
AIA will now begin the application process for separate regulatory approvals to establish branches of the newly incorporated subsidiary in additional territories in Mainland China.