The regulator also urged insurers to ensure that empanelled...
Category:
Health
Latest
FPIs invest Rs 11,557 cr in equities in Dec; COVID updates to drive flows in near term
'Concerns about COVID spread in China is a sentiment negative and...
Rajasthan has 90 per cent health insurance coverage: CM
The state government's Chiranjeevi Health Insurance Scheme, which...
IMF chief warns global economy ‘not out of the woods,’ dangers lurk
The IMF last month further slashed its 2020 global output forecasts, predicting a 4.9% contraction and weaker-than-expected recovery in 2021.
IMF Managing Director Kristalina Georgieva said $11 trillion in fiscal measures by G20 members and other countries, as well as massive central bank liquidity injections, have put a floor under the global economy.
Even so, dangers lurked, she said, including a major new wave of infections, stretched asset valuations, volatile commodity prices, rising protectionism and political instability.
A second wave could eat into insurers’ capital:S&P
Currently estimates of insured losses from COVID-19 vary and include V.J. Dowling’s $80 billion to the Lloyd’s estimate $107 billion and Willis Towers Watson’s $140 billion. The consensus is that the bulk of the losses will come from event insurance, business interruption and entertainment. S&P expects the bulk of claims to be reported in Q2 and Q3. However, it warns, losses could escalate if conditions worsen beyond the current recovery scenario.
Moderna Phase 1 results show coronavirus vaccine safe,induces immune response
Dr. Anthony Fauci, director of the National Institute of Allergy and Infectious Diseases, whose researchers developed Moderna’s vaccine candidate, called the results “good news,” noting that the study found no serious adverse events and the vaccine produced “reasonably high” levels of virus-killing or neutralizing antibodies.
Afghanistan faces ‘catastrophe’ as COVID-19 cases grow: Red Crescent
Red Crescent Secretary General Nilab Mobarez said acute protective equipment shortages and difficulties in accessing remote regions were hampering its COVID-19 response. But it was expanding mobile health teams and adding thousands of community volunteers to try and detect and prevent the disease, which it said it expected to spread over coming weeks
Single-day spike of 29,429 COVID-19 cases in India
Of the 582 new deaths reported, 213 are from Maharashtra, 85 from Karnataka, 67 from Tamil Nadu, 43 from Andhra Pradesh, 35 from Delhi, 28 from Uttar Pradesh, 24 from West Bengal, 14 each from Bihar and Gujarat , 10 each from Madhya Pradesh and Telangana.
63.24 per cent of patients have recovered so far
Tokyo Olympics at risk if coronavirus mutates, gets stronger:Japan adviser
“I think the virus is mutating all the time … it may be a much stronger virus that triggers a second wave,” Kiyoshi Kurokawa, a prominent Japanese government adviser,told Reuters. “The Olympics may be postponed again, but I can’t predict.”
Positive news on Oxford/AstraZeneca COVID-19 vaccine could come Thursday:report
AstraZeneca’s experimental vaccine is probably the world’s leading candidate and most advanced in terms of development, the World Health Organization’s chief scientist said in June.
The company has signed agreements with governments around the globe to supply the vaccine should it be cleared for use.
India’s tech hub Bengaluru, other towns back in lockdown amid COVID-19 surge
In all, India has 906,752 cases of the novel coronavirus with 28,498 new infections reported on Tuesday, according to data from the federal health ministry, the third highest total in the world behind Brazil and the United States.
South African regulator cautions insurers over rejection of virus claims
A Cape Town court on June 26 ruled in favor of a restaurant seeking payment from Momentum Metropolitan Ltd.’s Guardrisk Insurance Co. Guardrisk is “in the process of engaging with our legal team to study the judgment and consider the next steps,” a representative said.
India’s COVID-19 tally crosses 9 lakh with 28,498 fresh cases; death toll climbs to 23,727
The march of coronavirus infection in the country has picked up pace with the number of cases increasing by more than 26,000 for the fifth consecutive day. It took 110 days for the COVID-19 cases in the country to reach one lakh and just 56 days more to go past the nine-lakh mark.
Around 63.02 per cent of patients have recovered so far.