“We see a more aggressive Russia, foreign partners have also spoken...
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Oak Reinsurance launches Syndicate 2843, receives Lloyd’s nods to underwrite
OAK Re is launching Syndicate 2843 in collaboration with blue chip...
Rapid increase of Himalayan glacial lakes, NGT issues notice to Centre others
Taking cognisance of a news report showing about 10.81 per cent...
Cabinet approves listing of ECGC, capital inusion of Rs 4,400 cr
The government will inject Rs 4,400 crore in the ECGC over a period of five years beginning 2021-22, said Commerce Minister Piyush Goyal told reporters after the Cabinet meeting.
He also said Rs 500 crore infusion will be done immediately. The listing of ECGC is likely to happen next year.
75 per cent COVID-19 patients were overcharged by hospitals: survey
Though the Maharashtra government had announced that the rates of treatment of COVID-19 at private hospitals will be regulated, the official instructions were not heeded, he said.
37% of patients suffer long-Covid: Study
The study did not provide any detailed causes of long-Covid symptoms, their severity, or how long they could last. It, however, said older people and men had more breathing difficulties and cognitive problems, whereas young people and women had more headaches, abdominal symptoms and anxiety or depression.
MS Amlin Underwriting expands US operations, appoints David Mocklow as CFO & Chief Claims Officer
Newly formed, US based sister company, MS Amlin Distribution Holdings (MS ADH) will explore further acquisitions and investment opportunities for MS AUL, whilst serving as the holding company for future US based acquisitions.
Cardiovascular diseases cause more deaths in India: Survey
On the findings of the health and wellness survey, Sanjay Datta, Chief – Underwriting, Reinsurance & Claims, at ICICI Lombard said, “Lack of awareness of the ailment coupled with the severity of the impact of the pandemic on our overall health, makes it even more critical to adopt a healthy lifestyle. A heart-healthy lifestyle is more likely to supplement one’s immune system. Along with having an active lifestyle, it is also imperative to look after our mental health as stress anxiety tighten their grip around our fast-paced lives.”
Varas Brokers of US signs strategic MOU with India’s Salasar Brokers
Ambarish Khaitan, Senior VP Strategy & Reinsurance, said – “We are delighted to announce our new strategic partnership with Varas Brokers, the USA with whom we are targeting to provide our joint expertise and tailored insurance solutions to our clients in this challenging market. We look forward to this collaboration and aim to work together, not just technically but also culturally, to reach a common goal in creating a top-notch solution”
Cyclone damages Indian crops just before harvesting
“Within a week the cotton production outlook changed. We were expecting higher yields, but now yields will go down and even the quality of harvested crop would be inferior at the beginning,” Chirag Patel, chief executive at Jaydeep Cotton Fibers Pvt Ltd, a leading exporter. said.
Farmers have expanded areas under soybean, but rainfall is limiting the rise in production, said Davish Jain, chairman of the Soybean Processors Association of India.
Researchers find double benefit of climate protection through both limiting, delaying global warming
In the study, the scientists analysed the joint impacts of demographic development and climate change on people exposed to tropical cyclones — and found that timing of when certain warming levels are reached becomes crucial. The results are even more obvious on the country level, explained Johannes Gutschow.
“Our model shows, with unprecedented detail, that in 2050 all countries at high risk of tropical cyclones are projected to see a rise in exposure. Due to the projected population growth, we found exposure changes of nearly 300 per cent in some East African countries, up to 100 per cent in the US and also a strong increase for the Arabian Peninsula.”
Nearly 7K applications okayed for Delhi govt’s Covid aid scheme, 6,000 cases get Rs 50K each
The call centre set up by the Delhi government for making calls to the affected families and apprise them about the scheme as well as assisting them in filing the application on e-district portal, received around 11,000 calls till Sunday, an official statement said on Monday..
China encourages mainland insurers to sell catastrophe bonds in Hong Kong
Mainland property and casualty insurance companies and reinsurance companies can set up special-purpose entities in Hong Kong to raise funds from bond sales, according to a statement of the China Banking and Insurance Regulatory Commission (CBIRC).
The arrangement can help diversify insurers’ losses from natural disasters such as earthquakes, floods and typhoons, it said.