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Maersk to pause all container shipments through the Red Sea
"Following the near-miss incident involving Maersk Gibraltar...
Period talks: Many women feel menstrual leave at workplace should be a valid option
Several countries across the world have taken the initiative of...
Non-life insurance premium set to exceed Rs2 lakh crore in 2019-20
Seven standalone health insurers in the private sector reported a 21.31 per cent jump in their total premium income at Rs 12,602.31 crore in the period as against Rs 9,633.21 crore during the year-ago period.
Wealth managers rein in leverage as clients battle markets downturn-sources
Bankers from three Swiss wealth managers in Asia, which has the highest numbers of billionaires globally, said they asked some clients in the last couple of weeks to raise collateral against their loans amid a panic selling in securities.
Caronavirus Crisis:IRDAI allows life and health insurance customers extra time to pay their premium
In case of health insurance policies, the insurers may condone delay in renewal up to 30 days without deeming such condonation as a break in policy. However, insurers are requested to contact the policyholders well in advance so as not to have a discontinuance in coverage.
Social distancing is a luxury Indians earning just Rs 150 a day cannot afford
The quandary facing India’s informal workforce of 450 million people is one of the starkest examples of how social inequality threatens to undermine virus containment efforts around the world. From undocumented minimum-wage workers in the world’s richest postcodes to job-seekers flooding into swelling metropolises, the urban poor often have limited access to health care, no medical insurance and no financial safety net.
Supply chain problems move from China to U.S. and other nations
Companies involved in the transport of goods say the impact is being felt hardest in air freight as more airlines shut down services, adding to difficulties with the transport of key goods such as medicines and perishable foods.
Wedding insurance excludes Pandemics, and US couples find they have no cover
The cancellations are also highlighting fights with a little-known corner of the industry: wedding insurance. Couples have begun battling with companies they paid in case of disaster, only to hear back that no policy can cover a global pandemic.
Coronavirus outbreak exposes flaws in design of Pandemic Bonds
But since the bonds were launched in 2014, backed by about $190 million in promised financing from donor countries, investors have reaped more profits than countries battling epidemics. And even in the current pandemic, any payout to stricken countries would barely make a dent into what the outbreak has cost them.
French insurers to contribute $216M to Solidarity Fund for businesses
Almost all insurance contracts covering companies, such as business interruption, supply-chain breakdown, cancellation of events or failure to deliver, exclude epidemics, according to FFA.
The French finance ministry said on Monday it was waiting for innovative proposals from insurers to design an insurance product that would improve cover of major health risks in the future.
Caronavirus Pandemic: Companies’ recruitment strategy shift to virtual platforms
Companies are checking the travel history (official and personal) of the past three months, also their medical history is getting checked. However, if they have any illness, status of illness, track of residence locations, any address update that need to be done is also done.
India faces spike in coronavirus cases, says study, in test for health system
According to the estimates, the number of confirmed cases could rise to more than 4,000 by the end of March and to between 30,000 and 230,000 by end-April.