In another major decision, the IRDAI's new regulations have...
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Health Insurance: IRDAI removes age cap on policies since Apr 1
“Insurers must ensure they offer health insurance products catering...
Investor climate group to go for assets in private equity, debt
The Net-Zero Asset Owner Alliance, whose pension fund and insurer...
No provision of insurance for recipients of COVID-19 vaccine: Choubey
The COVID-19 vaccination is entirely voluntary for the beneficiary, Minister of State for Health Ashwini Choubey said in response to a question on whether those administered/to be administered with the COVID-19 vaccines are insured against any kind of side effects or medical complications that may arise due to inoculation.
Overall COVID-19 seropositivity among healthcare workers over 25 per cent: minister
The Indian Council of Medical Research is undertaking periodic sero-surveillance to monitor the trend of COVID-19 infection. As per the third seroprevalence study (December 2020 to January 2021) results the overall COVID-19 seropositivity among healthcare workers is assessed to be 25.7 per cent,” he said in a written reply. Seroprevalence is highest among doctors and nurses (26.6 per cent), followed by para-medical staff (25.4 per cent), field staff (25.3 per cent) and administrative staff (24.9 per cent), Choubey said in a written reply.
WHO says coronavirus unlikely to have leaked from China lab
The WHO team’s mission is intended to be an initial step delving into the origins of the virus, which is believed to have originated in bats before being passed to humans through another species of wild animal, such as a pangolin or bamboo rat, which is considered an exotic delicacy by some in China.
Transmission through the trade in frozen products was also a possibility, WHO food safety and animal diseases expert Peter Ben Embarek said.
IRDAI asks insurers to promote Govt’s Digilocker for e-storing their policy documents
Digilocker is an initiative under the Digital India program by the Government of India where citizens can get authentic documents/ certificate in digital format from original issuers of these certificates.
The insurers should inform their retail policyholders about Digilocker and how to use it. Insurers are also advised to enable the process by which the policyholders can place their policies in the digilocker., said the IRDAI.
I
India backs AstraZeneca shot despite South Africa halt
Paul said Johnson & Johnson could manufacture its shot in India. He also said many more vaccines, including Russia’s Sputnik V, Cadila Healthcare’s ZyCov-D and a Novavax product, were in the queue.
Govt asks people to register as cyber crime volunteers to check unlawful online content
The project known as Indian Cyber Crime Coordination Centre (I4C) is an initiative of the Union Ministry. It was started in militancy-hit Jammu and Kashmir last week where the police issued a circular asking citizens to register themselves as volunteers.
Budget proposals positive for insurance sector: Fitch Ratings
“Fitch expects a relaxation of foreign-ownership rules to attract international insurers and promote competition within the sector. This will, in turn, increase the insurers’ access to capital and thereby improve the industry’s solvency position,” the agency said in a statement.
A few Covid vaccine recipients developed a rare blood disorder
It is not known whether this blood disorder is related to the Covid vaccines.
More than 31 million people in the United States have received at least one dose, and 36 similar cases had been reported to the government’s Vaccine Adverse Event Reporting System, VAERS, by the end of January. The cases involved either the Pfizer-BioNTech or Moderna vaccine, the only two authorized so far for emergency use in the United States.
U.S. insurance asset sales attract new private equity players, strategies
Insurers inked 441 deals worth $25 billion in 2020, up from 356 deals worth about $22 billion the year before, according to data from Refinitiv. That momentum continued into January which was the most active month for insurance deal-making in 20 years, according to PricewaterhouseCoopers.
Lloyd’s launches global resilience platform for systemic risks
“The COVID-19 pandemic has shown that a hypothetical systemic risk, is never far from becoming a reality and that we must do everything we can to prepare and mitigate against the worst impacts of the constantly changing and challenging risk landscape,” commented John Neal, CEO of Lloyd’s.