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End the secrecy: Insurers call on the EU to regulate private Third-Party Litigation Funding
Currently, the practice whereby private investors who are not party...
DFC provides $50 million in new political risk insurance to expand War Insurance for Ukraine business
The facility will create a portfolio of war risk insurance policies...
Small cars too need adequate number of airbags to ensure safety: Gadkari
Mostly, lower middle-class people buy small economy cars and “if their car won’t have airbags and when accidents happen, then it may result in deaths. So, I appeal to all car manufacturers to provide a minimum of six airbags across all variants and segments of the vehicle,” he said.
While acknowledging that additional airbags in small cars will increase their cost by at least Rs 3,000-4,000, Gadkari also said, “in our country, poor should also get protection (in case of road accidents)”.
C-DOT developing tech to tap all media for broadcasting disaster alerts
The Centre for Development of Telematics (C-DOT) is developing the system for National Disaster Management Authority (NDMA) and expects it to be ready in 18 months, CDOT chairman and executive director Rajkumar Upadhyay told PTI.
”We are developing a pan-India integrated alert system which can send out alerts across all mediums at one go in an emergency situation. It will be deployed by NDMA. Once the system is deployed, the department concerned will have to just mark the area on the map by pen and the alert will go across all mediums in that area in the local language,” Upadhyay said.
Almost 90% of people in India’s financial capital have COVID-19 antibodies: survey
Sero-prevalence was significantly higher in individuals who had received either first or both doses of COVID-19 vaccine as compared to their unvaccinated counterparts, the survey by the Brihanmumbai Municipal Corporation (BMC) noted.
India reports 35,662 new COVID cases in last 24 hrs, over 55.07 Cr samples tested so far
This comes a day after, India on Friday created a world record by administering the highest-ever single day COVID-19 vaccine doses with over 2.5 crore jabs given in a day on the occasion of Prime Minister Narendra Modi’s birthday.
AM Best upgrades GIC Re’s credit rating outlook to stable, co’s balance sheet strength remains strong
GIC Re,with a global premium of $6,481 billion in 2020. is the 10th largest non-life reinsurer in the world and third largest reinsurer in Asia after China Re and Korea Re. The business profile assessment of favourable reflects GIC Re’s position as a leading reinsurer in India, with an approximate 75% market share based on ceded domestic written premium. The company continues to have close relationships with direct insurers in India, and local regulations provide GIC Re with a competitive advantage in obtaining domestic reinsurance placements.
In addition, the company maintains a geographically diversified underwriting portfolio, with over 35% of business sourced outside of India in fiscal year 2021.
Jitendra Singh launches AXA’s free telemedicine services in India
SAATH(Supportive Action Across Telemedicine and Healthcare) will connect people to doctors including general practitioners, ayurvedic doctors, nutritionists and Sewa International volunteers. In addition to telemedicine services, it will provide information on: availability of hospital beds and oxygen cylinders; ambulance assistance; home Intensive Care Unit setup information; food supplies for COVID-19 patients; access to psychologists; and more. Using the wide range of services, SAATH aims to increase acceptability, affordability and accessibility to telemedicine and virtual care.
Coronavirus compounds climate disasters but shows action can work- Red Cross
Almost half of 140 million people around the world, who are hit by to disasters caused by extreme weather fuelled by climate change, with more severe storms, floods, and heatwaves live in the Asia-Pacific region, the International Federation of Red Cross Red Crescent Societies (IFRC) said in a report published this week.
“Recovery from disasters is so much harder when livelihoods have been hit hard by COVID-19 and the measures taken to contain it,” said Maarten van Aalst, director of the Red Cross Red Crescent Climate Centre and author of the report.
87% of Indian cos victims of security breach last year: Report
“While organisations are adapting to the hybrid approach thinking about both working from anywhere and application hosting, they continue to experience a high level of network breaches and facing ongoing connectivity and security challenges,” Murali Urs, Country Manager, Barracuda Networks India, said in a statement.
Govt prioritising vaccinating eligible people in UP, Punjab: Report
The cumulative COVID-19 vaccine doses administered in the country crossed 78 crore on Friday. The government said 20 per cent of India’s adult population have received both doses of COVID-19 vaccine and 62 per cent have got at least one dose.
Of all the vaccines used, around 87.8 per cent are Covishield manufactured by Serum Institute, around 12.11 per cent are Bharat Biotech’s Covaxin and less than one per cent Sputnik V.
Adherence to COVID-19-appropriate behaviour during festive season key to prevent 3rd wave: Experts
”Currently, there is a declining trend of COVID-19 cases and we are in a pretty good situation. However, the coming few weeks with the festive season ongoing and with that associated changes of decrease in Covid-appropriate behavior, large gatherings, and super-spreading events can be a deciding factor for the third wave,” AIIMS Director Randeep Guleria said.
He said the next two-three months are crucial in terms of preventive strategies for the country to continue to be in a good position.