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Germany, Global Parametrics and Hannover Re unvel a new Natural Disaster Fund Deutschland

Dr. Maria Flachsbarth, Parliamentary State Secretary to the Federal Minister for Economic Cooperation and Development (BMZ), said, “The NDF is an innovative mechanism that brings together public and private insurance players for the benefit of poor and vulnerable people who far too often face a protection gap. While about 50 percent of disaster losses are covered by insurance in high-income countries, the corresponding proportion in poorer countries is less than five percent. The BMZ is committed to help closing this gap through a substantive contribution to the NDF”.

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Insurers need profound transformation and the right talent, reveals EY Insurance Outlook 2020

Insurers agree that talent is the “secret sauce” to maximize returns on investments in technology, digital transformation and new business models. But with the industry struggling to attract the right talent, the report finds that insurers need to either reposition themselves as technology firms or proactively communicate on why the industry matters, what value it brings to society and the overall appeal of an insurance career.

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Rural India achieved 100 pc ODF status: Govt

“As a result, the sanitation coverage in the country, which was 38.7 per cent as on October 2, 2014 has increased to 100 per cent and all the 5,99,963 villages of the country have declared themselves ODF,” Minister of State in the Jal Shakti Ministry Rattan Lal Kataria said in a written response to a question in the Rajya Sabha.

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E-pharmacies await govt regulations for the sector

Another media report suggets, the government has issued an order to stop sale of online medicines till the draft rules for regulation of e-Pharmacies are finalised and come into force. The order issued on 28 November, 2019 by V G Somani, Drug Controller General (India), has directed all states and union territories to prohibit sale of medicines through online platforms without licenses with immediate effect.

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