Property reinsurance rates and terms have been relatively stable...
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No new Bill on insurance reforms in Winter Session of Parliament
Indian insurance industry is expecting legislative measures...
GIFT IFSC emerging as a global innovative re/insurance market place, says IFSCA chairman
K Rajaraman, chairman, International Financial Services Centre...
37% of patients suffer long-Covid: Study
The study did not provide any detailed causes of long-Covid symptoms, their severity, or how long they could last. It, however, said older people and men had more breathing difficulties and cognitive problems, whereas young people and women had more headaches, abdominal symptoms and anxiety or depression.
LIC seeks to appoint CFO before its mega IPO planned in 2021/22
LIC is currently under going a valuation exercise for an IPO that could be India’s biggest ever as the government seeks to raise around 900 billion Indian rupees by selling 5%-10% stake in the company by the end of the fiscal year that runs through March.
Active COVID-19 cases in country lowest in 194 days
The death toll climbed to 4,47,751 with 378 fresh fatalities, according to the data updated at 8 am.
Investors with $4 trln assets aim to tackle Asian firms on climate change goals
The six investors include BMO Global Asset Management EMEA, Fidelity International, Dutch pension fund PGGM, Britain-based Local Authority Pension Fund Forum, Aviva Investors and Legal & General Investment Management.
Initial engagement will focus on carbon risk and coal at banks and coal-exposed power companies, the group of investors, facilitated by Singapore-based advisor Asia Research & Engagement (ARE), said in a statement.
The move comes as investors become more active in the field of environmental, social and corporate (ESG) governance, helping to shape firms’ climate commitments to better manage that risk for their clients. ESG-related steps they have taken include backing activist shareholder resolutions and voting on board members and remuneration.
Covid caused biggest decrease in life expectancy since World War II: Study
The research team assembled an unprecedented dataset on mortality from 29 countries, spanning most of Europe, the US and Chile — countries for which official death registrations for 2020 had been published.
It took on average 5.6 years for these countries to achieve a one-year increase in life expectancy recently, while the progress was wiped out over the course of 2020 by Covid-19, they said.
The largest declines in life expectancy were observed among males in the US, who saw a decline of 2.2 years relative to 2019 levels, followed by Lithuanian males (1.7 years), they said.
India reports 26,041 new COVID-19 cases
At least 73 percent of Odisha’s population and over 93 percent of health workers have developed antibodies against SARS-CoV2, according to a recent serosurvey conducted by the Indian Council of Medical Research (ICMR).
The survey was conducted in 12 of the state’s 30 districts between August 29 and September 15 by experts of ICMR’s Regional Medical Research (ICMR), Bhubaneswar with help of the Health and Family Welfare Department of the Odisha government.
LIC inks ‘Print to Post’ agreement with Postal department
DIPAM shortlists Cyril Amarchand Mangaldas as legal advisor for LIC IPO
The government aims to come out with the IPO and subsequent listing of LIC on the bourses in the January-March quarter of 2022. The government is also mulling allowing foreign investors to pick up stakes in country’s largest insurer LIC.
ICICI Pru Life in discussion for onboarding Account Aggregator system: Official
Earlier this month, the government unveiled the Account Aggregator (AA) network to allow sharing of financial data of individuals, which can be used by various financial services providers such as banks, insurers, fintech companies.
”It is a big enabler and there are some discussions. We will have to see operationally where exactly we are,” Deepak Kinger, Chief – Risk and Compliance, ICICI Prudential Life Insurance Company (ICICI Pru Life), told PTI.
European insurers to boost ESG investments on Solvency II Reform
The Commission estimates that the risk-margin reduction could release up to EUR90 billion of capital and that the lower charges for long-term equities could release about EUR10 billion