"Demand for coverage remains strong due to heightened natural...
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Jun 10 interview for IRDAI’s member, Non-life, postponed, new date yet to be fixed
After SK Rath, general manager(GM), GIC Re dropped out of the race,...
Lee Yuan Siong, group chief executive and president of AIA, becomes chairman of The Geneva Association
Lee Yuan Siong,group chief executive and president, AIA ``In every...
Financial firms should disclose emissions from activities they fund, group says
Worst-performing was the insurance industry, CDP said, with just 27% of companies the group had assessed providing plans to achieve the climate goals through their portfolios.
India records highest single-day spike with over 4 lakh new COVID cases
With 3,523 people succumbing to the infection in the last 24 hours, the death toll has mounted to 2,11,853.
Indian states run out of COVID-19 vaccines, nationwide inoculation delayed
Prominent U.S. disease modeler Chris Murray, from the University of Washington, said the sheer magnitude of infections in India in a short period of time suggests an “escape variant” may be overpowering any prior immunity from natural infections in those populations. “That makes it most likely that it’s B.1.617,” he said. But Murray cautioned that gene sequencing data on the coronavirus in India is sparse and that many cases are also being driven by the UK and South African variants.
No restriction of Covid-19 info,Pvt vaccine manufacturers can’t decide on vaccine allocation to states, says SC
“What happens to the marginalised and SC/ST population? Should they be left to the mercy of private hospitals, it asked.
The court also said the government must consider National Immunisation Programme for various vaccines and must think of providing free of cost vaccination to all citizens.
India’s insurers face potential profitability and solvency margin pressures as health segment grows:AM BEST
The health segment has posted some of the weakest underwriting results in India’s non-life industry over the past decade; the 10-year average loss ratio of the health insurance business is approximately 98% (FY2010-FY2020). Although this has abated in recent years, the loss ratio remains unviable at 88% in FY2020.
Another major cause of non-life companies’ poor underwriting results is the prevalence of group health insurance with limited rate adjustment capacity.
AM Best places credit ratings of Singapore Re under review with developing implications
This Credit Rating (rating) action follows an announcement made on the Singapore Exchange (SGX) on 21 April 2021 that Fairfax Asia Limited’s (Fairfax Asia) recent voluntary cash offer to purchase all issued and paid-up ordinary shares in the capital of Singapore Re, other than those already held by Fairfax Asia and other Fairfax Financial Holdings Limited (Fairfax group) companies, has been declared unconditional.
Suspension of scheduled international passenger flights extended till May 31 due to Covid-19: DGCA
Scheduled international passenger services have been suspended in India since March 23, 2020, due to the coronavirus pandemic.
But special international flights have been operating under the Vande Bharat Mission since May and under bilateral “air bubble” arrangements with selected countries since July.
India has formed air bubble pacts with around 27 countries including Kenya, Bhutan and France.
Take steps to reduce cost of COVID-19 treatment: Kerala HC to govt
Expressing concern over exorbitant amounts charged by the private hospitals, the court directed the government to discuss the matter with the managements of the hospitals and inform its decision to the court by next Tuesday.
Counsel for the government informed the court that it would consider further reducing the rates.
World of work needs resilient occupational safety and health systems: ILO
“There could be no clearer demonstration of the importance of a strong, resilient, occupational safety and health environment. Recovery and prevention will require better national policies, institutional and regulatory frameworks, properly integrated into crisis response frameworks,” said ILO Director-General, Guy Ryder.
New heads appointed for Kotak life and Kotak general insurance
Effective 1st May 2021, Kotak Mahindra Life Insurance Company Limited (Kotak Life) will be headed by Mahesh Balasubramanian as managing director (MD) while Kotak General Insurance Company (Kotak GI) will be led by Suresh Agarwal as MD & CEO.