IIHL, after transferring the funds ,has asked the CoC and...
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Kerala CM Vijayan requests PM Modi for financial assistance to tackle climate change
Prime Minister Modi on Saturday visited to the disaster-affected...
10 X-Band Doppler Weather Radars to enhance weather monitoring, says Jitendra Singh
Jitendra Singh, Union minister of State (Independent Charge) for...
Govt plans Rs 50,000 cr programme to boost health infrastructure: Report
The program will allow companies to access funds for ramping up hospital capacity or medical supplies with the government acting as a guarantor, said the people, who asked not to be identified citing rules. The focus is likely to be on strengthening Covid-19 related health infrastructure in smaller towns,.
India:Amid unlock, Doctors warn of ‘Worse Than Second Wave’ situation if norms not followed
Medical experts in mid-May had concurred that it was lockdown majorly that had brought down the count of daily cases, while cautioning that the severity of cases was still the same.
Covishield dose interval under discussion: NTAGI Working Group Chairman
“Decision to increase the gap between administering 2 doses of COVISHIELD has been taken in a transparent manner based on scientific data. India has a robust mechanism to evaluate data. It’s unfortunate that such an important issue is being politicised!,” said Vardhan on Twitter.
AXA XL appoints new leadership for Global Political Risk, Credit & Bond
AXA XL underwrites PRCB coverages to large organizations on a global basis. This class includes Political Risk insurance, Credit insurance covering the non-payment of debt obligations and providing commercial bonding requirements around the globe.
Hedge Funds remain an option for some insurers
The life/annuity segment raised its dollar exposure in hedge funds 5.8%, to $5.4 billion, and the property/casualty segment, 5.5%, to $6.6 billion.
Several qualities made hedge funds attractive to investors during the pandemic, including risk diversification and a low correlation to other asset classes. The hedge fund industry still lost approximately $44.5 billion in asset flows in 2020, according to the report, but that is nearly half the amount pulled out in 2019.
UK COVID-19 BI claims exceed $1 Billion; About half of claims Paid
In total, 16,159 claims have been paid in full out of 37,702 claims that have been accepted by insurers for a final clearance rate of 42.86%.
Aggregate claims paid has risen by 7.9% since the last FCA report, which showed £701.4 million in claims paid. Insurers have made initial or final payments on 53.97% of BI claims that have been accepted by the carriers.
The payments are being made after the U.K. Supreme Court ruled in a BI test case in April. It found insurers are liable for the COVID-19-related business interruption claims of about 370,000 policyholders under policies written before the outbreak and never designed to cover pandemic claims.
Narayan Murthy’s Anviti Insurance Brokers rebranded as Aon India
.“So going forward, after the full intergration of Wills Tower Watson into Aon globally, there will be further changes on how Aon will operate in the Indian market, if it decides to operate through partnership,” said sources.
COVID-19:Insurance protection gap reaches new high of $1.4 trillion in 2020, Swiss Re
Jérôme Haegeli, Swiss Re Group Chief Economist said “”The global pandemic has accentuated the gap between the rich and poor. It has laid bare the need for governments to focus on rebuilding and promoting social cohesion. Social equity – and at its heart, creating equal opportunities for all – will be a defining feature of a more resilient world.”
Indian tech firms struggling with Covid-19 trauma
Indian tech firms help young workers in Covid trauma
There is a cultural hurdle companies need to cross as they help staff. Consulting a psychologist or a psychiatrist is often taboo in India so companies sometimes camouflage their support. Workers are given access to “life coaches,” not psychologists, and they’re measured on a “happiness index,” rather than an anxiety or depression scale.
India confirms first death following Covid-19 vaccination
It is the first death linked to Covid-19 vaccination due to anaphylaxis. It re-emphasises the need to wait for 30 minutes at the inoculation centre after receiving the jab.
The panel said benefits of vaccination are overwhelmingly greater than the small risk of harm and as a measure of utmost precaution, emerging signals of harm are being constantly tracked and reviewed periodically.