Insurance underwriting profit fell 69 per cent, dented by rising...
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Infants, older adults in India exposed to more heatwave days in last decade, Lancet report reveals
Estimating economic impacts of heat in India, the report found that...
Meeting sodium recommendations could avert deaths from heart disease: Study
Countries, including the UK, Argentina, and South Africa, have...
Italy’s Generali agrees to buy Axa’s insurance assets in Malaysia
Italy’s top insurer will buy the majority stakes that France’s Axa holds in two local joint-ventures with Malaysia’s Affin Bank, Generali said in a statement.The total consideration for the combined deals is around 262 million euros ($312 million), Generali said.
European Insurers’ Body warn about market access barriers in India, Argentina, Brazil, Indonesia and Canada
Removing these barriers is vital to reduce protection gaps and to avoid dangerous concentrations of risk in these jurisdictions. Furthermore, to avoid a build-up of climate-related risks in any one jurisdiction and to facilitate the sharing of natural catastrophe risk across (re)insurance markets, it is more important than ever that discriminatory barriers to trade and market access be removed.
UK remains Europe’s most attractive destination for financial services investment, gap with France narrows:EY
According to global investors surveyed, the top three drivers of UK growth in the coming years are the digital economy (top with 54% stating this), real estate (second with 42%), and financial services (third with 33%). Healthcare and wellbeing came fourth with 29%.At a city level, London continues to be seen as Europe’s most attractive destination for financial services FDI (backed by 44% of respondents) followed by Stockholm (19%) and Amsterdam (17%).
Green hydrogen purchase to be made mandatory: R K Singh
Green hydrogen is produced using renewable energy and electrolysis to split water and is distinct from grey hydrogen, which is produced from methane and releases greenhouse gases into the atmosphere, and blue hydrogen, which captures those emissions and stores them underground to prevent them causing climate change.
4 major Korean insurers cut exposure to coal power
Top Korean non-life insurers DB Insurance, Hyundai Marine & Fire Insurance, Hanwha General Insurance, and Hana Insurance, which have provided nearly half of the total US$52 bn coal underwritings by Korean insurance companies — say no more insurance for both construction and operations of coal plants
Pfizer in final stages of agreement to supply vaccine doses to India: CEO
Pfizer, he said, has made a specific plan that the mid and low-income countries, which includes India, will receive at least two billion of those doses. There would be at least one billion doses this year, said Pfizer’s CEO Dr Albert Bourla
Gujarat govt announces policy to promote electric vehicles
The state government will provide a subsidy up to Rs 20,000 on the purchase of an electric two-wheeler, Rs 50,000 for three-wheeler and Rs 1,50,000 on the purchase of a four-wheeler, he said.
As per a rough estimate, the new policy will help in saving fuel worth Rs 5 crore every year, Rupani said, adding that carbon dioxide emission will be reduced by six lakh tonnes annually.
37 percent excess rainfall so far this monsoon: IMD
The country gauged 13.78 cm precipitation against the normal of 10.05 cm till June 21, it said. ”The cumulative rainfall during this year’s Southwest Monsoon season till June 21 has been exceeded by about 37 percent above Long Period Average (LPA),” the weather department said in a statement.
‘If we are disciplined, then we can stay safe,’ says Health Ministry on COVID third wave
Speaking about rural vaccination, Paul said, “More than half of the doses administered over the last few weeks were inoculated in rural areas, which makes it clear that rural outreach is possible. We are fully hopeful and confident that it is completely possible for us to cover rural areas.” Dr Paul emphasised that gender balance in inoculation needs to be focused and said, “46 per cent of the people who received the vaccine yesterday were women and 53 per cent were men. We have to work on this imbalance, create awareness among women and bring them forward.”
India’s electric vehicle sales to grow at 26% in FY21-23: Fitch Solutions
In the overall Asia region, EV market will continue to grow at a fast pace as more countries look to support EV uptake, reduce emissions and attract EV related manufacturing investment.