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Zurich Kotak General Insurance to scale up its commercial insurance portfolio, Ajey Hegde to head the unit
Sean Walker, Head of Commercial Insurance & Chief Technical...
MSIG Insurance launches health policy to cover Parkinson’s disease and Alzheimer’s disease in Singapore
A patient afflicted with dementia is estimated to incur $1.6...
AXA XL appoints Sylvie Gleises as Country Manager, Singapore
Commenting, Xavier Veyry, CEO APAC & Europe at AXA XL, said: “Today’s businesses are faced with challenging economic conditions and evolving risks. The latest World Economic Forum Global Risks Report highlights extreme weather, climate action failure and human environmental damage as three of the top risks by likelihood. Clients need to look beyond current risks to ensure they are prepared for the risks of tomorrow, and there have never been more opportunities for AXA XL to partner with and make a difference to our clients and brokers.”
First US-based artificial heart implant for French firm
This “first US-based clinical study will be decisive for our development in the world’s biggest market for medical devices”, Stephane Piat, Carmat’s director general, said in a statement.The procedure took place at Duke University Hospital in Durham, North Carolina, Carmat said.
Three other centres for the study in the United States have been set up and are in the process of selecting trial candidates.
PM hails Cabinet decisions on shipping, animal husbandry, AYUSH
On the Cabinet approving the continuation of the National Ayush Mission as a Centrally Sponsored Scheme for another five years till 2026, the prime minister said the mission will keep popularising traditional forms of medicine and highlighting their benefits in a scientific manner.
EU urged to consider impact of new climate mechanism on developing countries
The Carbon Border Adjustment Mechanism (CBAM) comes into force in 2023 as part of new measures to cut carbon dioxide (CO2) emissions, including taxes on imports such as oil, coal and gas.
“Climate and environmental considerations are at the forefront of policy concerns, and trade cannot be the exception. CBAM is one of these options, but its impact on developing countries also needs to be considered,” said Isabelle Durant, the UNCTAD Acting Secretary-General.
Coronavirus outbreaks at the Tokyo Olympics
A number of cases have emerged involving athletes and other people involved with the Games.Postponed last year due to the COVID-19 pandemic, the Games have little public support in Japan amid fears about the spread of the virus.
Tokyo entered its fourth state of emergency earlier this week amid a rebound in COVID-19 cases that pushed Games organisers to ban spectators from nearly all venues.
Healthcare: ‘Public-private partnership to be given a boost in Kerala’
”The public-private partnership in the healthcare sector in the State will be strengthened and its brand of healthcare system will be taken forward effectively,” Kerala Health Minister Veena George said.
IAEA breaks ground for new facility to help countries tackle nuclear terrorism
The Centre will provide more than 2000 square meters of specialized technical infrastructure and equipment. Hands-on training will be conducted on demonstration systems and virtual reality environments. These platforms will emulate security systems used at nuclear power plants, research reactors and border crossings.
Participants will practice procedures on access and alarm controls, inspect physical protection systems, better understand computer security risks, and learn how to sweep an area for radioactive material during major public events, among other activities. Exercises at the training centre will also strengthen capabilities in radiological crime scene management and nuclear forensics.
Indian Consumers expects fall in income, savings due to high fuel, commodity prices: Survey
While 47 percent of the consumers expect that the uncertainty related to Covid may last 6-12 months in their household budget planning. As many as 49 percent felt their average household savings will reduce in 2021-22 in comparison to 2019-20, the survey said.
”A similar question LocalCircles asked consumers in May 2020 survey, 46 percent of consumers were expecting their savings to decline. This percentage has increased marginally to 49 percent of consumers now expecting their savings to decline in the financial year 2021-22 given the intensity of the 2nd wave of COVID-19.”
Strong rise in political risk globally:Coface Political Risk Index
Inflationary risks have been in the news in recent months. In this context, the annual update of the Coface Political Risk Index shows a strong rise in political risk across the world, and particularly in the emerging countries. Indeed, figures show a deterioration in living standards and purchasing power, as well as a rise in inequalities observed following the COVID-19 crisis. At this stage, these conditions are not necessarily leading to popular uprisings, which remain limited by people’s capacity to mobilise.
Olympics-Risk of COVID spread is ‘zero’, IOC chief says, amid rising cases
Just over a week before the July 23 opening ceremony, Tokyo reported 1,308 new COVID-19 infections on Thursday, its highest daily tally since late January. Postponed last year due to the COVID-19 pandemic, the Summer Olympics have little public support in Japan amid widespread fears about a further spread of the coronavirus.
Critics on Thursday submitted a petition against the Games that has garnered more than 450,000 signatures this month, Japanese media reported. Organisers have imposed Olympics “bubbles” to prevent further transmissions of COVID-19, but medical experts are worried they might not be sufficiently tight.