James Shea, CEO of Sompo P&C, said “Strategic acquisitions have...
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Liberty Mutual Reinsurance and Safehub launch parametric earthquake insurance solution
ShakeNet Parametric reduces basis risk for parametric...
J-K: Five killed, 14 injured as landslide hits Mata Vaishno Devi route
The hill state of Himachal Pradesh, already reeling under the...
China says peak COVID infections exceeded 7 million daily, deaths more than 4,000 daily
However,there is great skepticism about the COVID data released by China and the World Health Organization (WHO) recently accused it of underplaying the seriousness of the pandemic by concealing the true nature of the situation in the country, the Hong Kong Post...
Research suggests woman’s risk of pregnancy loss linked to certain job hazards
Manufacturing jobs and health/social work were associated with higher risks of early abortive outcomes compared with financial and insurance jobs. In an analysis of 2010-2019 information on more than 1.8 million employed and non-employed pregnant women in South Korea,...
India’s Retail Health Insurance profitable, to touch $25 billion in next 5 years: Avendus Capital Study
Anshul Agarwal, managing director and Co-head, Consumer, Financial Institutions Group (FIG) & Business Services, Avendus Capital said, “Unique characteristics of Retail Health Insurance such as high persistency of 90%, pricing power, relatively low loss ratio and...
Leading reinsurers and Aon join hands to implement Open Exposure Data, to reduce costs and increase transparency
The Open Exposure Data Standard will also lower barriers of entry for model developers – including commercial vendors, third-party data providers and academia and other research institutions. Initial testing on reinsurance placement data for Japan, Australia and China...
Bermuda (Re)insurers see improved pricing, performance in 2023
Market pricing surged at the January 2023 reinsurance renewal, shifting to a true hard market in property and some specialty lines with supply constrained and demand growing. Importantly, terms and conditions saw structural changes that benefited (re)insurers....
First Covid, now layoffs: Indian professionals undergo tremendous stress, anxiety
Saumya Mudgal, Senior Consultant, Psychiatry, Max Hospital in Gurugram said there has been a drastic increase in the number of patients coming from MNCs. "These patients are usually presented with the issues of panic anxiety and panic disorder with agoraphobia and...
Considering downgrading Covid-19 to same category as seasonal influenza: Japan’s PM Fumio Kishida
Fumio Kishida, Prime Minister,Japan Currently, Covid is given the second rank which is equal to tuberculosis and avian influenza. Further, the officials plan to put it at the fifth rank, equaling to seasonal influenza, CNN reported quoting Japan's Health Ministry. "In...
B’desh asks Russia not to send cargo through ships under US sanctions
His comments came weeks after Moscow last month sent a ship to deliver equipment for Bangladesh’s Rooppur nuclear power plant, which is being built with Russian assistance, but Dhaka refused to accept the vessel due to the US sanctions Dhaka: Bangladesh on Sunday...
Climate change:Punjab’s cotton maize yield to dip by 11-13 by 2050, says report
One of the most intriguing findings is that changes in minimum temperature have resulted in changes in mean temperature throughout all growing seasons. It means that the minimum temperature has shown a rising trend," the report said A rise in minimum temperature is...
India on top gear in its drive to achieve ambitious 2030 milestones
For a market that already has over 13 lakh EVs including 2Ws, 3Ws, and 4Ws, and continues to grow, the coming years hold tremendous promise If Maruti launches its first EV priced below Rs 10 lakh, it can be a potential game-changer. Currently, Tata Tiago is the only...