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Nations strike deal at COP28 to transition away from fossil fuels
“It is the first time that the world unites around such a clear...
Google’s court loss to Epic Games may cost billions but final outcome years away
Epic Games will now have a chance to submit a court filing on how...
EU insurers must preserve capital positions as Coronavirus crisis escalates: Watchdog
“Insurers are likely to face progressively difficult conditions in the immediate future, both in terms of navigating challenging market conditions and in maintaining operations,” the European Insurance and Occupational Pensions Authority (EIOPA) said in a statement.
Lloyd’s to close its underwriting room from today,asks market insurers to provide estimates for coronavirus losses
Lloyd’s of London chief executive John Neal said last week that the impact for the 330-year old commercial insurance market was likely to be felt through claims for supply chain disruption.
COVID-19: How many people will die?
The Imperial study looked at the effects of two containment methods: mitigation, which seeks to slow the spread of the virus; and suppression, which aims to reverse epidemic growth and maintaining that indefinitely.It found that even strict mitigation measures would still see British and American intensive care capacity overwhelmed and lead to hundreds of thousands of deaths.
IRDAI forms committee to review corporate governance guidelines for Indian insurers
Four key functions (risk management, actuarial, compliance and internal audit) are an essential part of the system of governance.
These key functions are expected to be operationally independent to ensure an effective and robust internal control environment within an insurer and support high quality of decision-making by the management, said IRDAI.
SEBI relaxes result announcement norms for India Inc to manage coronavirus crisis
While granting relaxations to listed entities from other compliance stipulations specified under Listing Obligations and Disclosure Requirements((LODR) Regulations, the Sebi has allowed quarterly filing of corporate governance report and shareholding pattern of listed entities to be done upto May 15;
Fourth coronavirus death in India,Total numbers at 177,No international passenger flights during March 22-29
There were 18 fresh cases in last 24 hours with Chhattisgarh and Chandigarh reporting their first COVID-19 patients on early Thursday. One more person infected with coronavirus died in Punjab, which decided to impose fresh restrictions.
PM Modi announces COVID-19 Economic Response Task Force, urges people to stay indoors
Asking people to sacrifice “some weeks of yours, some time of yours”, Modi said given that coronavirus has no cure yet, the only way to stay safe is to stay indoors.
ICICI Lombard General Insurance unveils exclusive ‘COVID-19 Protection” cover’
The health cover is priced affordably at a premium of Rs149 and provides a sum insured of Rs. 25,000 includingvalue added benefits such as Health Assistance and CHAT/Virtual assistance, tele-consultation and ambulance assistance, as part of the offering.
The unique benefit of the COVID-19 protection cover is the coverage across of the age group of 18-75 years,covering the elderly population that is said to be majorly impacted by the virus.
Coronavirus pandemic: Don’t lay off employees: Industry body CII tells member companies
Meanwhile,according to media reports, the Union government is planning to give unemployment benefits to a section of organised workers who have lost their jobs due to the coronavirus pandemic.
Cash is king as emergency stimulus fails to stop market panic
Nearly every stock market in Asia was down and circuit breakers were hit in Seoul, Jakarta and Manila. Traders reported huge strains in bond markets as distressed funds sold any liquid asset to cover losses in stocks and redemptions from investors.