Category:

Health

Gene therapy to conquering hepatitis C: A decade of medical breakthroughs

Multiple new categories of medicines have moved from dreams and lab benches into the market and people’s lives, and investors who came along for the ride often reaped extraordinary profits. The Nasdaq Biotech Index is up 360% over the last 10 years to the S&P 500’s 190%. And that’s without mentioning the hundreds of billions of dollars in takeovers that rewarded shareholders with windfalls.

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Etiqa Insurance launches market-first Cancer insurance with No Claim Discount

“The risk of cancer increases with age. With an ageing population in Singapore, Etiqa recognises the increasing need for a comprehensive yet affordable cancer protection plan, which can reduce financial worry and allow one to fully focus on recovery if cancer is diagnosed. The NCD benefit in our Cancer Insurance is meant to encourage customers to consistently take charge of their protection needs,” said Sue Chi Kong, Chief Executive Officer of Etiqa Insurance Pte. Ltd.

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Insurers and brokers can’t set up TPAs as promoters:IRDAI

It is not immediately known  in what ways new regulations will be applicable to four PSU general insurance companies , National Insurance Company, New India Assurance Company, United Insurance Company, Oriental Insurance Company and General Insurance Corporation of India, which are promoters of , Health Insurance TPA of India(HITPA), the common in-house TPA  for four companies to handle health insurance claims. There are couple of  insurance brokers who have set up TPAs.

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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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