Chief Minister Mohan Charan Majhi during a review meeting on Friday...
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Aadhaar Card not valid document for determining age of a road accident victim to grant compensation: SC
The top court was hearing an appeal filed by kin of a man who died...
Hack at UnitedHealth’s tech unit impacted 100 mln people, US health dept says
UnitedHealth has previously said that hackers potentially stole a...
Majority of Indians experience no or mild side effects post 2 doses of Covid vax: Survey
Community social media platform LocalCircles said that according to its nationwide survey, ”70 percent of Indians after taking the first dose of Covishield and 64 percent with Covaxin experienced no or mild side effects.”
“Govt to have minimum presence in life insurance, general insurance and reinsurance” Sitharaman
“If minimum presence is something that has to be there as per policy, I will obviously be present in LIC, in the general insurance industry, and somewhat in the reinsurance sector also,” finance minister said.
Debashish Panda, secretary, department of financial services(DFS) announced changes to the pension payouts of Public Sector Banks. Family members of deceased PSB bankers will now get pension of 30 pc of last drawn salary as against earlier Rs 9,284, says
“Pension payouts to bank employees could increase to Rs 30,000-Rs 35,000 from the earlier cap of Rs 9284,” Panda said.
Govt working on establishing charging infra for EVs across country: Pandey
”We are working in a way so that the EVs become a public movement. That’s how we are going ahead with this,” Union Heavy Industries Minister Mahendra Nath Pandey noted.
Covid in India maybe entering some kind of stage of endemicity: WHO’s Soumya Swaminathan
“As far as India is concerned that seems to be what is happening and because of size of India and heterogeneity of population and immunity status in different parts of country in different pockets, it is very very feasible that the situation may continue like this with ups and downs in different parts of the country, particularly where there are more susceptible population, so those groups who were perhaps less affected by first and second waves or those areas with low levels of vaccine coverage we could see peaks and troughs for the next several months,” said Chief Scientist of the World Health Organisation Dr Soumya Swaminathan.
Better incentives for better quality healthcare providers under AB-PMJAY: National Health Authority CEO
As of now, Ayushman Bharat Scheme has been implemented in all 33 states and union territories, Dr.R.S. Sharma said.
On the topic of fraudulent billing by hospitals, Dr R.S. Sharma highlighted, “We have a very robust IT system in place for fraud detection. Every single instance of fraud is immediately detected and investigated. We have anti-fraud software and systems deployed on our platform that immediately catches on any pattern that seems even remotely suspicious and this is investigated and appropriate action is taken.”
Global reinsurers’ profitability improve in H1, inflation and rate deceleration remain concern, Willis Re
Continued favourable pricing, particularly for commercial lines business, supported meaningful premium growth for the
majority of the (re)insurers
The average combined ratio for the (re)insurers was 93.7%,with every company posting a sub-100% combined ratio.
Despite the strong H1, two concerns weigh on the outlook: the decelerating rating environment and the prospect of higher inflation, said the report.
Ships resume berthing at halted port terminal in China
The partial closure of the world’s third-busiest container port worsened congestion at other major Chinese gateways such as Shanghai, Xiamen and Hong Hong, as ships diverted away amid uncertainty over how long virus control measures in the city would last.
Aon unveils a new team for its global operations
Joe Monaghan will assume the role of global growth leader and will have full responsibility for overall growth strategy. This includes developing innovation at scale and integrating practice groups, client segments, global specialties, capital advisory, securities and regional growth priorities and strategic growth leaders.
Insured losses from Europen floods between $6 billion– $7.7 billion:RMS
The loss estimate includes insured property and business interruption loss to residential, commercial, industrial, automobile, and infrastructure lines and accounts for the potential of post-event loss amplification and extended business interruption. It excludes losses observed in the Netherlands, which sits outside of the model domain, and losses in Switzerland, Bavaria and Saxony in Germany, and Austria, which were caused outside the time window of the heaviest rainfall.
17 major global reinsurers record $ 6.1 billion Covid-19 pandemic-related losses in H1:Fitch
Pretax income for life and health reinsurance business improved notably in 1H21, despite an increase in mortality losses from the pandemic to USD2.5 billion in 1H21 (1H20: USD1.3 billion), as investment results rebounded. Net premiums earned (NPE) increased in 1H21 for life and health reinsurers overall, with six of the eight companies reporting higher NPE.