Category:

Health

“Reimagine insurance:Five keys to innovation”:McKinsey

Insurers around the world have scrambled to weather the sudden disruption brought on by COVID-19. Many were able to quickly adapt to their new reality, from transitioning to remote-working arrangements to embracing digital technologies for customer engagement. Such sweeping change—for example, several years of digital acceleration accomplished in a matter of months—has the benefit of freeing organizations to embrace new ways of working. Leaders should not miss their chance to push even further for innovation and pursue bold strategies.

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COVID-19 has set global health progress back decades – Gates Foundation

“After 20 consecutive years of declines in extreme poverty, we’ve now seen a reversal,” said Mark Suzman, chief executive of the Gates Foundation, in an interview with Reuters. “We’ve had nearly 40 million people thrown back into extreme poverty. That’s well over a million a week since the virus hit.”

The report cited International Monetary Fund projections that, despite the $18 trillion dollars already spent on trying to stimulate economies around the world, the global economy will lose $12 trillion or more by the end of 2021 – the biggest global GDP loss since the end of World War Two.

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India’s tally of coronavirus infections nears 5 million

The death toll crossed 80,000 on Tuesday, swelled by 1, 054 in the last 24 hours, the ministry added.
There are 9,90,061 active cases of the coronavirus disease (COVID-19), comprising 20.08 per cent of the total 49,30,236 cases, it said.

According to the Indian Council of Medical Research, 5.83 crore tests have been conducted so far and 10.73 lakh samples were tested on Monday.

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Covid treatment accounted for only 11% of health insurance claims in Apr-Aug: Study

The COVID-19 scare, it said, “has triggered everyone to prioritise health insurance like never before not only for protection against a pandemic but also against any bigger events or illnesses like lifestyle disease which will stay here forever.”

As regards the cost of treatment, the insurance aggregator said COVID-19 treatment may cost more than ₹10 lakh in case of prolonged hospitalisation.

A comprehensive health insurance policy with ₹10 lakh sum insured for a 32-year-old individual costs anywhere between ₹7,000–9,000 annually, it said.

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COVID-19: 58% of recovered cases coming from five states

India’s COVID-19 tally of cases mounted to 47,54,356 with 94,372 new infections being reported in a day, while the death toll climbed to 78,586 with 1,114 people succumbing to the infection in a span of 24 hours, the data updated at 8 am showed.

1,114 COVID-19 fatalities have been registered in a span of 24 hours. Maharashtra has reported the maximum number of 391 deaths followed by Karnataka with 94 deaths, whereas Tamil Nadu has reported 76 deaths.

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Restaurant dining linked to COVID-19; severe illness less common with GI symptoms

“Masks cannot be effectively worn while eating and drinking, whereas shopping and numerous other indoor activities do not preclude mask use,” researchers said in the report on Friday in the U.S. Center for Disease Control and Prevention’s Morbidity and Mortality Weekly Report. “Eating and drinking on-site at locations that offer such options might be important risk factors associated with SARS-CoV-2 infection,” they added.

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