``Globally, the private financial sector has repeatedly shown...
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Global IT outage: Enhancing cyber resilience
The incident highlights the need to shift our perception of...
Global IT outage: A ‘huge wake-up call’ for cyber insurance industry
Insurers are expecting a "wave of notifications" in the coming...
Chubb report reveals risk and uncertainty faced by digital SMEs
Chubb partnered with Accenture to survey small and mid-sized businesses in nine markets around the world and the results revealed four mega-trends that impact businesses pursuing digital transformation.
Tobacco consumption is the single leading cause of cancer in India
“Smokers are affected far more with severe Covid complications than non-smokers, so quitting tobacco should be the top most promise that one should make to one self,” said Mudit Agarwal, Sr. Consultant — Head & Neck Surgical Oncology at RGCIRC.
The World Health Organization (WHO) has also stated that tobacco use increases the risk of suffering from serious symptoms due to Covid-19 illness. Smokers have up to a 50 per cent higher risk of developing severe disease and death from Covid-19, WHO has stated.
AM Best maintains negative outlook on India non-life insurance
However, in fiscal year 2021, despite India’s GDP contracting by approximately 8%, the non-life insurance market achieved a positive, albeit muted, growth rate of over 5%. Prospectively, AM Best expects the trajectory of non-life insurance premiums in India to continue to be one of growth over the long term with rising consumer awareness and accessibility of insurance products.
Factors that could lead AM Best to revise its segment outlook to stable from negative include evidence of sustainable improvement in underwriting performance, supported by better pricing discipline, as well as an improved balance of overall earnings and stabilised economic indicators.
Monsoon likely to be normal in north and south, above-normal in central India: IMD
“Quantitatively, the monsoon seasonal (June to September) rainfall over the country as a whole is likely to be 101 per cent of the Long Period Average (LPA) with a model error of plus or minus 4 per cent,” said Mrutunjay Mohapatra,India Meteorological Department (IMD) Director General said.
No decision on Baden-Baden Reinsurance Meeting 2021 till June 15
Baden Baden: The organisers of annual Baden-Baden Reinsurance Meeting has decided to not to open registration and booking options for the Baden-Baden Meeting 2021 untill June 15, 2021 due to covid-19 pandemic situation. Hotels will not take any...
Lilly India gets nod for use of monoclonal antibody drugs for treating Covid-19
Lilly said it is engaging in active dialogue with the Indian government and regulatory authorities to donate bamlanivimab and etesevimab in order to speed up access and provide treatment options for patients with Covid-19. The drugs together have been authorised under emergency use authorisation in the United States and select European Union countries for treatment of mild to moderate Covid-19.
2.21 lakh hectare of crops damaged in Cyclone Yaas in Bengal, says Mamata
”Around 2.21 lakh hectare of crops and 71,560 hectare of horticulture have been damaged in West Bengal by Cyclone Yaas. The state has incurred a total loss of more than Rs 20,000 crore,” she told reporters at the secretariat.
Banerjee on May 28 submitted a report to Prime Minister Narendra Modi on the damages caused by the cyclone, and sought a Rs 20,000-crore package for redevelopment of the worst-affected areas.
X-Ray Setu plans to on-board 10K doctors for COVID detection in rural areas
”We are planning to create a strong network of 10,000 doctors in the next 15 days who are trained in leveraging XraySetu, so that when the third COVID wave comes, we are ready with solutions that can reach doctors in rural areas,” said non-profit organisation Artpark CEO Umakant Soni.
He said that India had 5,335 rural community health centres (CHCs) as of March 31, 2019 that can be used and private estimates indicate that two-third of them have a working X-Ray machine and a technician to operate it.
Lucknow man alleges no antibodies developed after taking Covishield shot, files complaint against Adar Poonawalla, ICMR chief
“If FIR is not filed, then I will move to the Court. I have also mentioned in this complaint all those government institutions, whose authorised this vaccine for vaccination. This matter is being considered by the higher authorities, after which further action can be taken,” he told ANI.
X-Press Pearl loss will add to insurers’ container ship headaches
Insurers will face hull and machinery, cargo and liability claims, although there is still much uncertainty about the size of the loss. The vessel itself was only three months old; it is unclear how much the hull was insured for and which company insured it.
Rob Hawes, head of marine at loss adjuster Crawford & Co. estimated that the cargo loss could be between $30 million and $50 million, based on the X-Press Pearl’s 2,700 container capacity and an assumption that a container houses an average of $15,000 to $20,000 of goods.