Siddarth Mohanty, MD &CEO, LIC Siddartha Mohanty, MD &CEO,...
Category:
Life
Latest
GST on Health, Life Insurance: Newly formed GoM to meet on Oct 19
A final call by the council on taxation of insurance premiums is...
New York Life Insurance makes strategic investment in Max Estates, commits Rs 1200 crore
Sahil Vachani, MD & CEO of Max Estates, said, “We are pleased...
Men took bigger jobs hit in pandemic across euro zone: ECB study
Men accounted for more than 60% of the jobs losses last year, while in terms of hours worked they suffered more than two-thirds of the overall drop, the ECB said in an Economic Bulletin article.
With women heavily represented in the leisure and hospitality sector, some economists and even ECB officials warned that women were at risk of losing more, but the study suggests that women found new work more easily then men.
9 months after lockdowns, US births see biggest decline since 1973
Coupled with the more than half a million Americans who have died from Covid-19, the drop in births will have long-term consequences for the population growth.
Italy’s Generali agrees to buy Axa’s insurance assets in Malaysia
Italy’s top insurer will buy the majority stakes that France’s Axa holds in two local joint-ventures with Malaysia’s Affin Bank, Generali said in a statement.The total consideration for the combined deals is around 262 million euros ($312 million), Generali said.
European Insurers’ Body warn about market access barriers in India, Argentina, Brazil, Indonesia and Canada
Removing these barriers is vital to reduce protection gaps and to avoid dangerous concentrations of risk in these jurisdictions. Furthermore, to avoid a build-up of climate-related risks in any one jurisdiction and to facilitate the sharing of natural catastrophe risk across (re)insurance markets, it is more important than ever that discriminatory barriers to trade and market access be removed.
UK remains Europe’s most attractive destination for financial services investment, gap with France narrows:EY
According to global investors surveyed, the top three drivers of UK growth in the coming years are the digital economy (top with 54% stating this), real estate (second with 42%), and financial services (third with 33%). Healthcare and wellbeing came fourth with 29%.At a city level, London continues to be seen as Europe’s most attractive destination for financial services FDI (backed by 44% of respondents) followed by Stockholm (19%) and Amsterdam (17%).
Life insurers may see short-term pressure on profitability due to pandemic: ICICI Pru Life
“In the short-term, the profitability of the insurance industry is expected to be an area of concern given the increase in mortality and morbidity rates induced by the pandemic. Even more than a year after the pandemic first struck, there continues to be significant uncertainty regarding its absolute impact on mortality and morbidity experience,” the insurer said.
India spent Rs 2,386 cr in 2020 on oral cancer treatment: Study
‘India’s cancer scenario is burdened with oral cavity cancer being the most common among men. In fact, India accounted for almost a third of the global incidence in 2020.”
Dr R.A. Badwe, Director, Tata Memorial Center said, “As per the GLOBOCAN statistics, the rate of new cases being diagnosed has increased by a staggering 68 per cent in the past two decades alone, making it a real public health crisis.
“To add to this, accessibility to health services is low, which coupled with poor health literacy results in a majority of cases presenting with advanced stage disease that is often difficult to treat.”
Too early to decide on Covid-19 booster shots:WHO
“We do not have the information that’s necessary to make the recommendation on whether or not a booster will be needed,” Soumya Swaminathan, the World Health Organization’s chief scientist, said in a Zoom interview Friday. The “science is still evolving.”
20% rise in intake of anti-depressants among people since Covid outbreak
The sale and consumption of antidepressants, also called neuro-cognitive enhancers, has increased by 20 per cent, observes Dr Rajiv Mehta, vice-chairperson, Institute of Psychiatry and Behavioural Sciences, Sir Gangaram Hospital.
Counting Covid-19 enters new era as threats shift away from cases
Scientists say comparing the prevalence of Covid to the flu, which kills about 650,000 people globally each year, will become an important yardstick come next fall and winter. Covid has killed more than 3.8 million people since the start of 2020, but vaccinated countries should eventually be able to treat its periodic resurgences in the same way as they do the flu — and make policy decisions accordingly.