Domestic exporters said that the present situation is not alarming...
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India: Domestic air passenger traffic touches new high
As per official data, the total number of domestic passengers was...
Autistic people experience a reduced life expectancy: Study
The researchers found that autistic men without a learning...
China:Coronavirus cases surpass SARS as big economic hit looms
India was the latest nation to report a case, a student of Wuhan University. And South Koreans protested at facilities earmarked as quarantine centres, throwing eggs at a minister.
IRDAI fines ICICI Lombard Gen and TATA AIG Gen Rs 1 crore each for violating regulations
“it is noted that ICICI Lombard General Insurer continued selling issuing Group Personal Accident policies with policy term of more than one year even after 1st July, 2013 and individual Personal Protect policies with policy term of more than 3 years even after 1st October, 2013, in spite of both the products not meeting the maximum policy term criteria as prescribed in the IRDA (Health Insurance) Regulations, 2013 and even after taking a certificate based approval from the IRDAI on modifying the product term in accordance to the IRDA (Health Insurance) Regulations,2013,’’ said IRDA in its rulings against the company.
Mathur panel suggests ovehauling of Microinsurance Regualtions
The committee has suggested Index Based Products that are utilized by other developing countries like Kenya in Africa for insuring against calamities like drought
People with pre-existing conditions are more vulnerable to Coronaviruses:AIR
Mortality associated with the 2019 novel coronavirus is observed particularly among people who are older than 60 years of age, with the mean value of 73 years of age.
European insurers balk at EU raising capital requirements due to Cyber, Climate Risks
Valdis Dombrovskis, vice president of the European Commission and responsible for financial services, said the 11-trillion-euro ($12.2 trillion) European insurance sector faced growing cyber and climate risks.
Coronavirus:Over 9,800 infected, WHO declares world health emergency
The death toll from the new virus currently stands at 213 and the number of reported cases at well over 8,000. It has now infected more people in China than were affected during the outbreak of SARS, a relation of the coronavirus.
Indian economy in great position; consumption story growing: BofA CEO
Asked about the demographic dividends and other growth prospects for India, Bank of America’s CEO Brian T Moynihan said, “The best thing about your country is, it is big, it is growing, the population is young, the education continues to improve and you have a huge talent pool.”
Many global firms face high Coronavirus costs due to insurance exclusions
Companies buy business interruption policies with their property insurance to cover loss of revenue if they are forced to close temporarily, but those policies are also likely to exclude communicable diseases, an underwriter in London and insurance executives said.
Facebook will pay $550 million to settle a lawsuit that claimed it illegally stored user data
Facebook said it had 2.89 billion monthly active users of its products around the world, but growth stagnated in the US and Canada on the main social network — the primary source of advertising sales. Monthly active users hit 2.5 billion on the main network as of Dec. 31, slightly topping analysts’ estimate of 2.49 billion.
Fighting Coronavirus virus with hygienic maesures
Hospitals are meant to be places where disease is cured — but they can also be where it’s most effectively propagated. That’s particularly the case with coronaviruses: The 2015 outbreak of Middle East Respiratory Syndrome in South Korea took place almost entirely within healthcare settings, with just a handful of transmissions outside of hospitals. About a fifth of people who caught Severe Acute Respiratory Syndrome worldwide were healthcare workers. That share rises further if you include patients who were infected in hospitals and clinics.