The Reserve Bank of India (RBI) has approved state owned Central...
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AM Best maintains outlook for global reinsurance industry to positive
Property reinsurance rates and terms have been relatively stable...
No new Bill on insurance reforms in Winter Session of Parliament
Indian insurance industry is expecting legislative measures...
All possible help being extended to people in 26 flood ravaged districts: Bihar CM Nitish Kumar
All possible help is being extended to the people. Daily review meetings are being conducted along with the issuance of safety guidelines. People have been evacuated from affected areas and provided with relief aid,” said Chief Minister Nitish Kumar.
Lower death rate pushes elderly population growth to 13.8 cr in 2021:NSO Study
Elderly in study means all those people who are of the age of 60 years and above. ”According to the Report of the Technical Group on Population Projections for India and States 2011-2036, there are nearly 138 million (13.8 crore) elderly persons in India in 2021 comprising 67 million males and 71 million females,” the NSO study ‘Elderly in India 2021’ said.
Aviva to refund at least $5.6 billion to investors after rationalising its global spread
Since joining Aviva just over a year ago, Blanc has focused the firm on its U.K., Ireland and Canada businesses while selling off eight units in other markets. The firm has retained operations in China, India and Singapore
China steps up crackdown on insurance technology companies
The online insurance industry had been expected to grow to 2.5 trillion yuan ($385 billion) in a decade.
COVID-19: India reports 40,120 fresh infections, active cases lowest since March 2020
Under Nationwide Vaccination Drive, 52,95,82,956 COVID-19 vaccine doses have been administered so far, while 57,31,574 doses were administered in the last 24 hours.
New method for modelling COVID-19 spread incorporates real-time data on people’s movements
“Our work opens the door to a larger integration between epidemiological models and real-world data to, through the use of supercomputers, determine best public policies to mitigate the effects of a pandemic,” Ritabrata Dutta of Warwick University, UK said.
No plan for IPO as of now, says Bajaj Allianz Life CEO
As of June, its overall AUM stood at Rs 77,270 crore, up from Rs 73,773 crore in FY21, which was only Rs 56,085 crore in FY20, said Tarun Chugh, managing director and chief executive at Bajaj Allianz Life.
He added that with clipping at 28 per cent in FY21, the company was the fastest growing large life insurer in the year.
India’s chronic disease burden helped fuel Covid-19’s brutal waves
For years India has faced an escalating non-communicable disease crisis as its middle-class expands and leads a more sedentary and affluent lifestyle. That makes them susceptible to ailments such as diabetes and heart disease that account for almost two-thirds of all deaths in the country. Those existing conditions may have allowed the coronavirus to do more damage, boosting cases and fatalities and potentially fueling the near collapse of India’s health system.
COVID-19 numbers in SE Asia plateaued over past month mainly due to cases in India remaining stable: WHO
The highest number of new cases were reported from India (278,631 new cases; 20.2 new cases per 100,000; 2 per cent decrease), Indonesia (225,635 new cases; 82.5 new cases per 100,000; 18 per cent decrease), and Thailand (141,191 new cases; 202.3 new cases per 100 000; 20 per cent increase).
In the region, the highest numbers of new deaths were reported from Indonesia (11,373 new deaths; 4.2 new deaths per 100,000; 9 percent decrease), India (3511 new deaths; 0.3 new deaths per 100,000; 8 percent decrease), and Myanmar (2045 new deaths; 3.8 new deaths per 100,000; 22 percent decrease).
Munich Re remains bullish on India despite hit hard with Covid-19 mortality claims
“In life and health reinsurance business, the claims clearly exceeded the our expectation of €140 million of virus-related losses in the second quarter, mainly due to the high mortality rate in India and South Africa,” he said