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Insurance for All by 2047: Working groups among stakeholders formed to strengthen and implement strategies, says IRDA
Participants in "Insurance for All" Vision Meet, hosted by...
Tata AIA Life announces a new term insurance ‘Sampoorna Raksha Promise’
Tata AIA Life Insurance, has announced a new term insurance...
India second largest insurtech market in APAC: S&P Report
”India is the second largest insurance technology market in Asia-Pacific. India has at least 66 insurtech companies and accounted for 35 per cent of the USD 3.66 billion in insurtech-focused venture capital invested in the APAC region. ”Insurance technology investors are attracted to India since it is one of the fastest-growing insurance markets in the world,” S&P Global Market Intelligence fintech analyst Sampath Sharma Nariyanuri said.
Demand, employment severely hit by 2nd wave of Covid: RBI
“The biggest toll of the second wave is in terms of a demand shock – loss of mobility, discretionary spending and employment, besides inventory accumulation, while the aggregate supply is less impacted,” it said.
Insurance for safeguarding employee value:Lloyd’s report
COVID-19 has exacerbated many of the risks involving human capital value. With the pandemic impacting the entire workforce globally, and many organisations still operating under a remote working model, the value of employees in achieving productivity is vital for business continuity. It is becoming increasingly apparent that talent attraction and retention, and employee wellbeing are not just intrinsically linked, they also have a direct impact on business performance.
Small town reporters reveal Covid-19 carnage in India
Meanwhile, in Prime Minister Narendra Modi’s home state of Gujarat, the Divya Bhaskar newspaper found that 123,000 death certificates were issued between March 1 and May 10 – about 65,000 more than the same period last year though the state reported 4,218 Covid-19 deaths.
The Gujarat Samachar reported that an average of 200 bodies are being cremated daily using 72 tonnes of wood in Vadodara, compared with an average 60 corpses using 21.6 tonnes of wood before the pandemic.
Delaying 2nd Covid vaccine dose in under 65 may cut deaths: Study
The longer it takes to effectively vaccinate the global population, the greater the likely risk of vaccine resistant strains developing. This has led to calls to prioritise single-dose vaccination for as many people as possible, even if this means delaying a second dose beyond the studied time frame.
Both the Pfizer and Moderna covid-19 vaccines in a standard two dose schedule are highly effective at preventing symptomatic infections and death. But immunity worldwide remains low, partly owing to low vaccination rates.
World Insurance Report 2021: Insurers must blend physical and digital distribution models in a post-pandemic era
AI-based analytical tools and a 360-degree view of customers is essential for a customized customer-experience. The most successful insurers will win and retain customers by reinventing their operating ecosystem to support a ‘phygital’ model based on a mix of physical presence and digital engagement.
“Insurers have an opportunity to convert digital traffic to sales by focusing on a hyper-personalized virtual experience,” said Anirban Bose, CEO of Capgemini’s Financial Services and Group Executive Board Member.
MoF wants staffs of banks and insurance companies to be vaccinated on priority
`In the light of the recent government’s decision to open up vaccination to all persons above the age of 18 years from 1st May 2021.,I would request you to kindly consider putting in place a special dispensation in your State/UT, to enable the employees/ staff of banks and insurance companies to avail of vaccination easily and on priority basis.This will go a long way in assuring them about their safety/life and will also boost their morale in continuing to provide their best services to customers.” said Madnesh Mishra, joint secretary, MoF
COVID-19 kills more than 4,000 Indians amid clamour for vaccines
Two states – Karnataka, which includes tech hub Bengaluru, and Maharashtra, which includes Mumbai – have announced they will temporarily suspend vaccination for people aged 18-44 years as they prioritize those over 45 who need their second dose.
Maharashtra also announced that curbs on movement would be extended until the end of the month in a bid to break the chain of infections. Mostly rural Bihar in the east extended curbs until May 25.
States gear up to tackle Covid-19 in villages with online consultations, surveillance committees
Door-to-door surveillance using pulse oximeter, temperature guns and antigen test kits and setting up of gram yoddha samiti in villages for supporting families of patients have also been set up in Gujarat.
Gig-economy riders in Spain must become staff within 90 days under new rule
The decree, which was agreed on with trade unions and business associations, aims to clarify the legal situation of thousands of riders after Spain’s Supreme Court ruled last year that companies must hire them as employees.
A debate on how to regulate workers’ rights in the gig economy is unfolding globally. The European Commission has opened a public consultation period on potential EU-wide rules.