Scenes of widespread devastation were evident across West Bengal's...
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20th SIRC: Swiss Re new group CEO Andreas Berger to address the event, to be held from 4 to 7 Nov
Promising thought-provoking discussions, SIRC 2024 will delve into...
3 PSU general insurers need Rs 94-102 billion capital infusion to meet solvency of 1.5, says ICRA
Neha Parikh, vice president and sector head – Financial Sector...
Global Covid-19 caseload tops 139.6 mn, death toll surge past 2.99 million
The US is the worst-hit country with the world’s highest number of cases and deaths at 31,575,138 and 566,212, respectively, according to the CSSE.
In terms of infections, India follows in the second place with 14,291,917 cases.
Climate scientists swap fieldwork for high-paid finance jobs
Asset manager Schroders said it has more than 10 staff with scientific backgrounds in its insurance-linked securities team, including people with PhDs in climatology. Its sustainable investing team has grown by four people to 22 in the last year and is planning further expansion.
The British want to clean up outer space
John Auburn, Astroscale’s managing director and group chief commercial officer in the UK, says that not only could this make space safer, but it could also reinvigorate his country’s space sector. “What the UK industry is pushing now is a complete end-to-end debris removal mission,” he says. “This would be the ultimate post-Brexit space mission.”
ICICI Lombard’s net profit rises 23 % to Rs 346 crore in Q4 FY 21,combined ratio at 101.8 %
Among the business segments, motor, marine and health portfolio saw an underwriting loss in Q4 Fy 2020-21. The insurer had a munderwriting losses stood at Rs 207.97 crore, marine underwriting loss at Rs 10.18 crore, health (retail) underwriting loss was at Rs 8.77 crore and health (corporate) underwriting loss at Rs 23.4 crore.
It has paid claims of over Rs 100 crore on account of natural catastrophe in Fy 2020-21, mainly for Cyclone Amphan that had triggered a total insurable losses of over Rs 1500 crore.
Fears of vaccine exclusion as India uses digital ID, facial recognition
But a requirement to register for appointments on a mobile app using Aadhaar is excluding millions of people who do not have an Aadhaar ID, said Anushka Jain, an associate counsel at the Internet Freedom Foundation in Delhi.
Using facial recognition at vaccine centres risks further marginalising vulnerable people who may be misidentified and refused the vaccine, and raises fears the controversial technology could become the norm at all centres, she added.
India daily increase of record 234,692 COVID-19 infections
India’s deaths from COVID-19 rose by 1,341 to reach a total of 175,649, the data showed.
India may witness 1,750 deaths per day due to Covid-19, surging to around 2,320 by the first week of June, according to a report of the Lancet Covid-19 Commission by India Task Force members.
US lawmakers welcome India”s move to increase FDI in insurance sector to 74 %
Washington: Two influential US lawmakers have applauded the Indian government''s move to increase foreign direct investment in the insurance sector from the existing 49 per cent to 74 per cent, saying it will further deepen bilateral trade and...
Vaccination not shield against COVID, can reduce severity, lower fatality: Experts
From Delhi to Chennai and even in tier-2 cities like Patna, cases of vaccination beneficiaries contracting the coronavirus infection have been reported in the last couple of months.
Lloyd’s Lab announces its sixth cohort with a focus on product simplification and climate
For the sixth cohort, the InsurTech start-ups have been selected based on solutions geared towards four key themes: climate change and decarbonisation; geopolitics; data and models; and claims support services. The teams will explore how they can support Lloyd’s customers around the world by creating simpler products capable of responding quickly in the aftermath of a disaster.
Latest Covid-19 wave deadlier in Brazil than India: No one knows why
It’s too early to say if India can continue to avoid the more lethal fate of Brazil. While some parts of the country have imposed targeted lockdowns, elections are being held in five states — seeing thousands of voters pack campaign rallies — along with a month long Hindu pilgrimage that brings throngs to the banks of Ganges river.