G Srinivasan,MD &CEO, Galaxy Health Insurance Company Earlier,...
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Inclusivity: Star Health launches of an industry-first insurance policy in Braille
Anand Roy, MD & CEO of Star Health Insurance said, “This policy...
Institutional investors put in bids worth Rs 2,300 cr for GIC Re OFS
Based on indicative price of Rs 395.03 for the bids, institutional...
Maruti crosses 50 lakh cumulative sales milestone in rural markets of India
Stating that rural markets have a very special place in the company’s business, he said, ”over the years, we have carefully studied the needs of this segment… We remain committed to delivering products and services that match the customer needs in rural India.” While the aspirations of upcountry customers are very similar to those at metros, they demand more attention and care, he added.
Property mkt to touch USD 1 trillion by 2030; number of people employed in sector to grow at 7 cr: Housing secy
The secretary said it is estimated that around 88 crore people will be living in urban areas by 2051 as against the current 46 crore, creating huge potential for real estate development.
Sharing the success story of RERA, he said around 67,000 projects and 52,000 property agents are registered under this law. More than 70,000 cases have been disposed of by the real estate authorities established under this law. All states, except West Bengal have implemented this law, he said, adding that the ministry has written to the state government regarding this.
Natural disaster H1 insured losses hit a 10-year high of $42 billion
Floods in Europe since last week have likely caused $2-3 billion in reinsurance losses, analysts say. read more
Natural disasters were responsible for around 3,000 deaths globally in the first half, with 800 fatalities from the heatwave which hit parts of Western Canada and the U.S. Pacific Northwest in late June.
As cyberattacks rise, Cyber insurers are overhauling their strategies
Cyber policies are relative newcomers to the centuries-old insurance industry. The sector has exploded in the past decade — with premiums more than doubling since 2015 and totaling $3.15 billion last year, according to the National Association of Insurance Commissioners.
Some firms are charging more for less coverage. Clients in US paid 35% more for cyber coverage in the first quarter than they did in the same period last year, according to broker Marsh McLennan. Demand for standalone policies surged 24% last year.
Wrestling with higher costs and more risk, insurers are tightening standards, boosting prices and slashing how much they’re willing to pay for a breach.
Prevalence of COVID-19’s Delta variant among specimens sequenced over past 4 weeks exceeded 75 per cent: WHO
“According to GISAID data, as of 20 July, the prevalence of Delta among the specimens sequenced over the past 4 weeks exceeded 75 percent in many countries worldwide including Australia, Bangladesh, Botswana, China, Denmark, India, Indonesia, Israel, Portugal, Russian Federation, Singapore South Africa, and the United Kingdom,” the update said.
India reports 41,383 new COVID-19 cases, deaths rise by 507
India’s daily positivity rate remained less than 3 per cent for 31 consecutive days. The positivity rate stood at 2.41 per cent.
From China to Germany, floods expose climate vulnerability
“Governments should first realize that the infrastructure they have built in the past or even recent ones are vulnerable to these extreme weather events,” said Eduardo Araral, associate professor and co-director, Institute of Water Policy, at Singapore’s Lee Kuan Yew School of Public Policy
. In Europe, climate change is likely to increase the number of large, slow-moving storms that can linger longer in one area and deliver deluges of the kind seen in Germany and Belgium, according to a study published https://agupubs.onlinelibrary.wiley.com/doi/full/10.1029/2020GL092361 June 30 in the journal Geophysical Research Letters.
World Bank signs $125 million to support Resilient Kerala Program
The Resilient Kerala Program will focus on two key areas.
First, it will incorporate disaster risk planning in the master plans of urban and local self-governments to ease financial constraints on the state government when faced with unexpected shocks. Second, it will help make the health, water resources management, agriculture, and road sectors more resilient to calamities.
48.68 crore Covid vaccine doses manufactured in India: Govt
Under the ”Mission COVID Suraksha, facility augmentation for production of Covaxin is being supported, whereby Bharat Biotech and three public sector enterprises (PSEs) — Haffkine Biopharmaceutical Corporation Limited in Mumbai, Indian Immunologicals Limited (IIL) in Hyderabad and Bharat Immunologicals Biologicals Limited (BIBCOL) in Bulandshahr — are being supported.
Covid antibodies last at least nine months after infection, study finds
Physical distancing, as well as limiting the number of contacts and mask wearing, continue to be important to reduce the risk of transmitting the disease, even in highly vaccinated populations, according to the study.