BC Patnaik, Member, Life, IRDAI Recently, Patnaik, who retired as a...
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Data privacy is a major concern for insurance industry: LIC CEO
(LtoR) Siddhartha Mohanty, CEO and MD, Life Insurance Corporation...
Microinsurance Network announces partnership with African Insurance Organisation
Together, MiN and AIO, with additional support from the...
Rs 4,698.10 cr paid for death claims under PMJJBY last fiscal
Pyment of Rs 4,698.10 crore was against 2,34,905 death claims under the PMJJBY in the last fiscal, Gaur said.
As many as 2,50,351 death claims were filed under the PMJJBY, and of them, 13,100 were dismissed in 2020-21. The remaining 2,346 claims were being examined.
India’s new bad bank with $27 billion pile of stressed debt look for investors
By housing bad loans of many lenders under one roof, the entity should help speed up decision-making and improve bargaining power when resolving these assets.
Delta variant forces new lockdowns across world as Europe eases curbs
Bangladesh announced that it would impose a new national lockdown from Monday over the variant, with offices shut for a week and only medical-related transport allowed. Sydney’s normally bustling harbourside centre was nearly deserted after people were ordered to stay home except for essential trips.
New Zealand, citing “multiple outbreaks” in Australia, announced a three-day suspension of its quarantine-free travel arrangement with its larger neighbour.
Oz, Israel were Covid success stories till Delta strain struck
In Australia, around a million people in four eastern and central Sydney neighbourhoods, which include Bondi Beach, were ordered to stay home for at least a week as total infections in an outbreak connected to the Delta variant topped 60. The lockdown is a shock for a population that had returned to relative normality after months of recording few cases.
Israel, which has prided itself on having one of the world’s most successful vaccination campaigns, has seen infections surge since dropping a requirement to wear masks in enclosed public places 10 days ago.
SII making first batch of Covovax: Poonawalla
“Excited to witness the first batch of Covovax (developed by @Novavax) being manufactured this week at our facility in Pune. The vaccine has great potential to protect our future generations below the age of 18. Trials are ongoing. Well done team @seruminstindia,” Poonawalla said in a tweet.
Third wave of coronavirus unlikely to be as severe as second wave: ICMR Study
Presenting a vaccine ramp-up scenario where 40 percent of the population has received two doses within three months of the second wave peak, and further that the effect of vaccination is (conservatively) to reduce severity of infection by 60 percent, the study said it illustrates how vaccination could substantially reduce the overall burden during the possible third wave.
Explainer: Climate change and financial disclosure – what’s at stake?
Global regulators are working towards creating a common set of guidelines for assessing climate-related financial risks.
The Financial Stability Board, an international body that monitors the global financial system, created the Task Force on Climate-related Financial Disclosures (TCFD), which released in 2017 recommendations on climate risk disclosure.
A network of central banks also released climate-change scenarios and guides for measuring risks, while the U.N. Environment Programme Finance Initiative (UNEP FI) last year published methods insurers can use to disclose climate risks.
Azentio Software acquires insurance digitalisation specialist Candela Labs
This is Azentio’s first acquisition as an independent company following its carve out from 3i Infotech in 2020.The acquisition is an important building block in Azentio’s growth plans as it looks to become the preeminent BFSI led technology products company in the high-growth APAC and MEA markets.
HDFC Life announces a bonus of Rs 2180 cr for its 15.49 lakh participating plans in FY 2021
15.49 lakh policyholders of HDFC Life Insurance are eligible for this bonus. ICICI Prudential Life Insurance declared its highest-ever annual bonus of Rs 867 crore for the policyholders for FY21.
Bajaj Allianz Life, has declared bonuses amounting to Rs. 1,156 crore to its policyholders. This includes a special one-time bonus of Rs. 315 crores, which is over and above the regular bonus.
Moody’s cuts India growth forecast for 2021 to 9.6 pc
“Mobility and economic activity will likely accelerate in the second half of the year as the pace of vaccinations pick up. The government recently announced a strategy to centralise vaccine procurement in order to boost vaccinations, which if successful, will support the economic recovery,” it added.