According to Maskeliunas, a researcher at KTU's Department of...
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India’s Retail Health Insurance profitable, to touch $25 billion in next 5 years: Avendus Capital Study
Anshul Agarwal, managing director and Co-head, Consumer, Financial...
First Covid, now layoffs: Indian professionals undergo tremendous stress, anxiety
Saumya Mudgal, Senior Consultant, Psychiatry, Max Hospital in...
Global protection gap for mortality, health and natural cat reach a new high of $1.24 trillion:Swiss Re
Globally, mortality resilience declined the most, driven by a widening of the mortality protection gap in the Asia-Pacific region, where China’s protection gap expanded due to rapidly growing household debt
Health resilience was stable despite some deterioration in emerging markets.
The global health protection gap widened by more than 5% to USD 588 billion.Natural catastrophe resilience was lowest of the three risk areas. Swiss Re Institute expects that health and mortality protection gaps will widen as households grapple with lower incomes, higher healthcare costs and the financial consequences of losing a breadwinner as a result of the pandemic.
Centre frames draft policy on data privacy under National Digital Health Mission
Data collected across the National Digital Health Ecosystem (NDHE) will be stored in at the central level, the state or Union Territory level and at the health facility level, by adopting the principle of minimality at each point, according to the document.
Max Bupa expects 30-35% growth in current fiscal, says MD&CEO Ramachandran
As the pressure on health services rises, the insurer is likely to see an increase in telehealth services demand wherein consultancy to patients can be given via phone or through video services. This could have constructive long-term effects, helping healthcare reach more remote and less affluent populations including the under or uninsured said the official.
Coronavirus most prevalent among those aged between 5 and 17: Sero survey
Dr Mahesh Verma, the head of a Delhi government committee tasked with strengthening the preparedness of hospitals to battle coronavirus, said, “It is difficult to keep children and youngsters home-bound. Even if they are not going to school, they might be going out to play… or they might have contracted it through an indirect route. But it’s just a prediction and needs to be studied.”
Alphabet’s Verily targets employer health insurance with Swiss Re partnership
Alphabet Inc’s life sciences division Verily’s new subsidiary, Coefficient Insurance Company, will be backed by the commercial insurance arm of Swiss Re, which is also making a minority investment in the new company.
“Coefficient is aimed at reducing blind spots and providing greater cost control mechanisms for self-funded employers,” Verily Chief Executive Officer Andy Conrad said in a statement.
Self-insurance arrangements are increasingly commonplace among larger employers, who typically pay health insurers to manage their healthcare benefits, but cover the costs of those claims themselves.
Coronavirus re-infections raise concerns about immunity
The cases, in Belgium and the Netherlands, follow a report this week by researchers in Hong Kong about a man there who had been re-infected with a different strain of the virus four and a half months after being declared recovered – the first such re-infection to be documented.
That has fuelled fears about the effectiveness of potential vaccines against the virus, which has killed hundreds of thousands of people, though experts say there would need to be many more cases of re-infection for these to be justified.
SC refuses to entertain plea for national policy for compensation to COVID-19 victims
A bench of Justices Ashok Bhushan and R S Reddy dismissed the plea saying that every state has a different policy and gives compensation as per its financial power.
Advocate Deepak Prakash, appearing for petitioner Hashik Thayikandy, said that all he is asking for is a national policy to be formulated that would provide for uniform compensation throughout the country.
India’s COVID-19 tally rises to 31,67, 323; death toll climbs to 58,390
The COVID-19 case fatality rate has declined to 1.84 per cent.
There are 7,04,348 active cases of coronavirus infection in the country which comprises 22.24 per cent of the total caseload, the data stated.
Bears are going extinct in US stock market’s $13 trillion rebound
“It looks like all those fund managers over the past quarter went from being bearish and expecting a stock market crash to now bullish,” Shawn Cruz, senior market strategist at TD Ameritrade, said in an interview. “Sentiment’s turned positive about equities in general but also sentiment is turning positive for a return to growth.”
The tide is getting harder to fight with retail investors flocking to unprofitable companies such as Nikola Corp. and Moderna Inc. More money managers are forced to embrace the rally, ignoring this year’s profit contraction and banking on fiscal and monetary stimulus. At 26 times forecast earnings, the S&P 500 was trading at the highest multiple since the dot-com era.
Europe’s Covid surge looks less deadly as rise in testing keep deaths low
Many of the infections stem from younger people traveling and partying during the summer holidays, and some of those cases have been asymptomatic. Better treatment of the disease and improved procedures for identifying Covid-related deaths also help lower the death toll, John Ford, a lecturer in public health at the University of Cambridge.said.