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Allianz and Reliance Group’s Jio Finance float three 50-50 JVs for life,non-life and reinsurance business in India
Jio Financial Services Limited (JFSL) and Allianz Group (Allianz),...
India’s insurance sector to see slower growth due to muted auto sales and weak corporate health renewals: Report
"We expect slower industry growth largely due to a slowdown in...
WHO backs mask wearing on long flights as new Omicron variant spreads
Passengers should be advised to wear masks in high-risk settings such as long-haul flights, said the WHO's senior emergency officer for Europe, Catherine Smallwood, adding: "this should be a recommendation issued to passengers arriving from anywhere where there is...
Beazley launches industry’s first Cyber Catastrophe Bond
This is the first time that a liquid Insurance-Linked Securities (ILS) instrument has been created for cyber catastrophe risks, said Beazley The $45 million bond gives Beazley indemnity against all perils in excess of a $300 million catastrophe event, with the...
National Health Authority introduces new system to measure performance of hospitals under Ayushman Bharat PM-JAY
RS Sharma, CEO, National Health Authority The statement said that under value-based care, the performance of AB PM-JAY empanelled hospitals will be measured based on five performance indicators such as Beneficiary Satisfaction; Hospital Readmission Rate; the extent of...
Sinking Joshimath: Admin sounds alert, asks residents to move to relief centres
Taking stock of the prevailing situation in the popular pilgrimage site, Uttarakhand Chief Minister Pushkar Singh Dhami has given instructions for monitoring all ongoing development works in the area while ensuring immediate relief and rescue of residents affected by...
China not to include Pfizer Inc’s Covid drug in its insurance scheme
Boxes of Paxlovid are changing hands for as much as 50,000 yuan ($7,313.15), more than 20 times the original price of 2,300 yuan, according to local media reports and social media posts. Beijing has been largely resistant to Western vaccines, but has greenlighted...
General insurers’ premium grows by 14.44% to Rs 20,687 crore in Dec , PSU gen insurers market share falls over 2% to 33.16%
The private sector general insurers have mobilised a total premium of Rs 96,246 crore, up 22 per cent in Apr-Dec period while PSU general insurers have gathered a total premium of Rs 62,092 crore,up 8.64 per cent, during the same period. Mumbai:The total premium of...
Nurturing Talents: Compensation for Indian Workforce
Though western countries are embracing and adopting the concept of Total Rewards for retaining employees, a more nuanced approach is warranted when designing a compensation structure for the Indian workforce Shwetha Ram While the COVID-19 pandemic upended the...
Airlines in India to add 100 aircraft per year to fly 412 mn passengers
Civil Aviation Ministry officials said that there were about 400 aircraft in 2013 and in 2021-22, the number increased to 700. Airlines in India are going to add 15 per cent capacity or 100 to 110 aircraft per year and the aviation sector is looking at close to 1,200...
Health minister Mandaviya urges Odisha govt to implement Ayushman Bharat insurance scheme in state
Union Health Minister Mansukh Mandaviya The minister said "50 crore families have been given health security under the Ayushman Bharat - PMJAY scheme while affordable and quality medicines are being provided by more than 9,000 Jan Aushadhi Kendras across the country"...
Hackers use AI tool to write malicious code
"Cybercriminals are finding ChatGPT attractive. In recent weeks, we're seeing evidence of hackers starting to use it to write malicious code. ChatGPT has the potential to speed up the process for hackers by giving them a good starting point," said Sergey Shykevich,...