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US surgeons transplant a gene-edited pig kidney into a patient for the first time
"I saw it not only as a way to help me, but a way to provide hope...
Regulatory Revamp: IRDAI approves Bima Sugam, unveils 8 new principle-based consolidated regulations
Debasish Panda, chairman, IRDAI These new regulations encompass...
Majority of corporate employees want to work from home at least once a week: Survey
Among other findings, 91 per cent of the respondents favoured flexible working hours. Stating that the priorities of the workforce have undergone a shift, the consultant said corporate employees want an empathetic employer and work-life balance, more than a comfortable salary. The pandemic has prioritised working in an environment that puts health and well-being at the forefront.
Alpha, Delta and more: Why coronavirus variants are causing alarm
The four variants of concern — alpha, beta, gamma and delta — all carry multiple mutations affecting the spike protein. That raises questions about whether people who have developed antibodies to the “regular” or “wild type” strain — either from a vaccine or from having recovered from Covid — will be able to fight off the new variants.
DGCI gives nod for phase 2/3 trials of Biological E’s Covid vaccine on those aged between 5 & 18
India’s drug regulator in July granted permission to Serum Institute of India (SII) for conducting phase 2/3 trials of Covovax on children aged 2 to 17 years with certain conditions.
Covid 19 Pandemic: Almost 1 in 3 affected due to work stress, ICICI Lombard survey
Sanjay Datta, Chief – Underwriting, Reinsurance & Claims, ICICI Lombard General Insurance , said, “With the transformed perception of the masses, our consumer base today looks at a health insurer not only for financial immunity during times of ill-health but we are now looked up as a partner in their holistic wellness journey. Additionally, through this survey, we observed a mindset change taking place with 47% of people and 42% of the younger age group (25-35 years) wanting to adopt a healthy lifestyle to not just get a better appearance but also feel better about themselves. Therefore keeping overall wellness as a focus, ICICI Lombard intends to act as a conduit towards a health-conscious India.”
Hong Kong’s strict quarantine rules threaten to erode allure of financial hub
Hong Kong’s decision in August to increase mandatory hotel quarantine to three weeks for arrivals from most countries has prompted a backlash from banks, hedge funds, and traders who say it is hampering new investment into the asset management market and risks setting off a brain drain. Financial services contribute around 20% to Hong Kong’s gross domestic product, government statistics show.
20 APAC re/insurers record a higher premium of $821.4bn in 2020, COVID induces demand for life & health products, GlobalData
Seven players reported more than 5% rise in premiums earned. In addition, the top companies maintained financial robustness through flexible hedging of assets under management.The most notable performers in the region were Japan-based insurer Dai-ichi Life, China-based New China Life Insurance and China Reinsurance; and Taiwan-based Cathay Financial.Dai-ichi Life outperformed the top players, with its revenue growth surpassing 20%, as the weaker Yen allowed the company’s returns from its investments soar significantly over the previous year.
China Reinsurance reported 19.2% increase in y-o-y revenue owing to swift growth in savings- and protection-type life, domestic P&C reinsurance, and health reinsurance business, which led to 16.2% growth in premium income; and obtaining surplus investment returns by surpassing the market benchmarks.
Indian growth jumps in April-June, helped by looser pandemic curbs
Many analysts said the risk of spiking infections 19 from the Delta variant and the sluggish pace of vaccinations in some states could slow momentum, however, with the economy unlikely to regain its pre-pandemic size of about $2.9 trillion before the middle of fiscal year 2022-23.
UN hails end of poisonous leaded gas use in cars worldwide
Petroleum containing tetraethyllead, a form of lead, was first sold almost 100 years ago to increase engine performance. It was widely used for decades until researchers discovered that it could cause heart disease, strokes and brain damage.
UNEP said studies showed leaded gas caused measurable intellectual impairment in children and millions of premature deaths.
“The cost of environmental degradation is real,” said UNEP’s executive director, Inger Andersen, citing what she described as a “very, very ballpark number” of USD2.45 trillion in damage to the global economy prevented by the ban.
M&A in global insurance sector remain subdued during H1
Despite witnessing robust U.S.Mergers and acquisitions (M&A) activities, the global insurance industry fell 3% in the first half of 2021. There were 197 completed deals worldwide, down from 206 in the second half of 2020, said Clyde & Co.’s...
New Zealand’s Auckland stays in lockdown, officials report Pfizer-linked death
The health ministry on Monday announced a woman had died due to myocarditis, which is known to be a rare side effect of the Pfizer-BioNTech COVID-19 vaccine. Myocarditis is an inflammation of the heart muscle that can limit the organ’s ability to pump blood and can cause changes in heartbeat rhythms. The health ministry did not provide the woman’s age. Pfizer in New Zealand did not immediately reply to an emailed request for comment.
Moderna Inc’s COVID-19 vaccine contamination woes in Japan have widened with another million doses being suspended after foreign substances were found in more batches and two people died following shots from affected lots.