Maruti Suzuki India sold a total of 181,531 units, including...
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ACKO’s 2024 Accident Index:78% of all road accidents in India occur in metro cities
Most Accident-Prone Cars Hyundai i10 topped the list as the car...
Insurance (Amendment) Act, 2024: Govt has no composite plans for LIC and PSU general insurance companies
To enable PSU insurers to avail composite licenses, the government...
Swiss Re creates a central cyber underwriting team,John Coletti to head Global Cyber
With his expertise, John Coletti will help Swiss Re to address the complex nature of cyber risk, including important industry issues such as ransomware and risk aggregation. John Coletti will report into Gregory Schiffer, Head of Global Specialty, and will be responsible for Swiss Re’s global cyber business, which includes portfolio ownership, global underwriting activities as well as cyber product development.
Madras HC puts order on `bumper-to-bumper cover’ for new vehicles on hold
GI Council had sought certain clarifications as well as time from the Madras HC , pointing out the order cannot be implemented from Spt o1 and it is advisable to hear the various interested parties in the matter and the insurance sector regulator the IRDAI..
DGCI gives nod for phase 2/3 trials of Biological E’s Covid vaccine on those aged between 5 & 18
India’s drug regulator in July granted permission to Serum Institute of India (SII) for conducting phase 2/3 trials of Covovax on children aged 2 to 17 years with certain conditions.
Pollution likely to cut 9 years of life expectancy of 40% of Indians
More than 480 million people living in the vast swathes of central, eastern and northern India, including the capital, New Delhi, endure significantly high pollution levels, said the report prepared by the Energy Policy Institute at the University of Chicago (EPIC).
“Alarmingly, India’s high levels of air pollution have expanded geographically over time,” the EPIC report said.
India logs 41,965 new COVID-19 cases
With 1.33 crore COVID-19 vaccine doses being administered on Tuesday, the highest ever in a single day, the cumulative doses given in the country under the vaccination drive has exceeded 65.41 crores, according to the ministry.
Total global reinsurance capacity rises 7% to $ 517 billion in 2020, Munich Re regains top ranking: AM Best
From Asia, there are three reinsurers which are part of top 15 global reinsurers. They are China Re, Korea Re and India’s state owned GIC Re(13), with a global premium of $6,481 billion in 2020.
Although the global reinsurance industry has been able to absorb the exceptional shock from the COVID-19 pandemic, perils that are becoming more complex and interrelated highlight the need for innovation to cover unmodeled risks as they emerge, and traditional risks as they evolve, according to the special report.
Ping An Insurance denies regulator halted sales of alternative investments
The nation’s largest insurer by market value is facing a setback after impairments related to troubled property developer China Fortune Land Development Co. wiped 20.8 billion yuan ($3.2 billion) from profit in the first half. The company on Friday had signaled the worst of the hit may be over and it may even claw back some of the losses this year if the debt situation of the developer improves.
Uber proposes industry-wide gig worker benefits model in Canada
Uber said it advocates for benefits funds everywhere, but added that labor laws, social safety nets and different cultures meant it would pursue a different approach in every country, with Monday’s proposal tailored to Canada.
Gig companies have long been criticized for the lack of benefits and protections they offer their independent contractor workers. Many labor unions, some lawmakers and the Biden administration have said gig workers should be reclassified as employees.
The companies have also faced several lawsuits in Canada and the United States alleging worker misclassification.
India’s monsoon rainfall forecast to be above average in September
Nearly half of India’s farmland gets no irrigation and is dependent on the annual rains from June to September. Farming accounts for nearly 15% of the economy, Asia’s third-biggest sector, but sustains more than half of a population of 1.3 billion.
Weather disasters becoming more frequent and costly, UN agency says
“Thanks to our early warning service improvement we have been able to have a decrease of the casualties at these kind of events, but the bad news is that the economic losses have been growing very rapidly and this growth is supposed to continue,” WMO Secretary-General Petteri Taalas told a press conference.
“We are going to see more climatic extreme because of climate change and this negative trend in climate will continue for the coming decades,” he said.