The industry saw net inflows of Rs 2.7 trillion in 2023 as compared...
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Indian tax payers migrating to higher range of total gross income: SBI Research report
The number of ITRs filed by people earning between Rs 10 lakh and...
682 cases of JN.1 recorded in 12 states till Jan 6: Sources
199 cases were reported in Karnataka, 148 in Kerala, 139 in...
U.N. warns of global mental health crisis due to COVID-19 pandemic
The UN report outlined action points for policy-makers to aim “to reduce immense suffering among hundreds of millions of people and mitigate long-term social and economic costs to society”.
These included redressing historic under-investment in psychological services, providing “emergency mental health” via remote therapies such as tele-counselling for frontline health workers, and working proactively with people known to have depression and anxiety, and with those at high risk of domestic violence and acute impoverishment.
WeWork directors seek to preserve right to sue SoftBank over failed $3 billion tender
In the motion, WeWork’s special committee, filed a “status quo order” which would preserve the committee’s authority pending the outcome of the legal case between WeWork and SoftBank. A judge in Delaware court last month set the trial date for the case for early January.
Lloyd’s of London to pay up to $4.3 billion in coronavirus claims
Insured losses are likely to total $107 billion, similar to natural catastrophe losses in 2005 led by Hurricanes Katrina, Rita and Wilma and to 2017 including Hurricanes Harvey, Irma and Maria, Lloyd’s said.
Global trade fell 3% in Q1 of 2020 due to Covid-19; may slide further: UN
“Everywhere governments are pressed to make post-Covid-19 recovery decisions with long-lasting consequences,” said UNCTAD Secretary-General Mukhisa Kituyi.
Sitharaman unveils second tranche of relief for migrant workers, small farmers & poor
The Central government has also asked states to use the State Disaster Response Fund (SDRF) to set up shelters and provide food and water to the urban poor, including migrant labourers. Rs 11,000 crore was sent for this purpose, said Finance Minister Nirmala Sitharaman
National Portability Ration Cards can be used in any ration shops that will be applicable across the country. By Auguist 2020, 67 cr beneficiaries in 23 states or 83 per cent of all PDS beneficiaries will get covered. By March 2021, 100 per cent will be covered, she said.
Managing Millennial Mindset
To remain relevant, cites the Capgemini and Efma’s World Insurance Report 2020, incumbent insurers must take action, by re-evaluating their portfolios and harnessing partnerships to become ‘Inventive Insurers’. This involves shaping existing products to meet fast-evolving customer needs and preferences.
AXA’s Garance Wattez-Richard bags “Geneva Association Women in Insurance Award” for initiatives on underserved populations
Ms Wattez-Richard founded AXA’s Emerging Customers business in 2016. It now distributes insurance to 18 million customers across Asia, Africa and Latin America by engaging over 50 public- and private-sector partners in 10 countries. Among its successes, AXA protects 500,000 entrepreneurs in Egypt, 75% of whom are women, and partners with Airtel Payment Bank in India to protect 3 million customers.
Germany must stabilise social security system with cash injection: officials
The German economy, Europe’s largest, is facing its deepest recession since World War Two even though a lockdown to contain the spread of the virus is being gradually eased. The plunge in business activity is expected to push down tax revenues and tear a gigantic hole in the public finances.
Twitter to let some employees to work from home permanently
Tech giants like Facebook Inc and Alphabet Inc’s Google have allowed most of their employees to work remotely until the end of this year.
Coverage of Pandemic Risk through P/C Insurance could be designed like existing Federal Programs:US actuaries’ body
“Pandemic risk is more similar to the catastrophic risks covered by programs like the Terrorism Risk Insurance Program and the National Flood Insurance Program than to risks normally insured by the commercial insurance market, and any new federal program seeking to facilitate pandemic risk coverage should reflect that difference,” said Academy Vice President, Casualty, Lisa Slotznick, the signer of the letter on behalf of the Academy’s Casualty Practice Council to the House committee.