Debasish Panda, chairman, IRDAI Apr 19,2025, is the 25th foundation...
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BJP Manifesto 2024: PM Modi promises to make India a global insurance hub
Prime Minister Narendra Modi Every elderly person above the age of...
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India needs a healthcare regulator, will facilitate premium reduction:Economic Survey
The mitigation of information asymmetry, that will be ensured by the proposed healthcare regulator,would also help lower insurance premiums, enable the offering of better products and help increase the insurance penetration in the country,said the pre-Budget document tabled in Parliament on Friday.
India’s Insurance penetration rises to 3.76%,density at around $78 in 2019-20:Eco Survey
As of 2019, the penetration for life insurance in India is 2.82 per cent, the penetration for non-life insurance is much at 0.94 per cent.
During 2019-20, the gross direct premium of non-lLife insurers was Rs 1.89 lakh crore, as against Rs 1.69 lakh crore in 2018-19, registering a growth of 11.45 per cent. Within non-life category, motor and health segments primarily are the main contributors to industry to report this growth.
Life insurance industry recorded a premium income of Rs 5.73 lakh crore in 2019-20 as against Rs 5.08 lakh crore in the previous financial year, registering a growth of 12.75 per cent.
While renewal premium accounted for 54.75 per cent of the total premium received by the life insurers, new business contributed the remaining 45.25 per cent
Pfizer-BioNTech Say Their Covid Vaccine Works Against UK, South Africa Variants
One mutation in particular — known as E484K and found in the South Africa and Brazil strains but not the one in Britain — has experts particularly worried about immunity “escape”.
Toyota overtakes Volkswagen as top-selling global auto maker
Toyota said it had sold 9.53 million vehicles around the world last year, overtaking the 9.3 million sales made by its German rival.
The Japanese giant took the lead despite a decline in global sales of more than 10 percent as the auto industry suffered the effects of the coronavirus pandemic.
MS Amlin Underwriting appoints Chief Risk Officer and Chief Actuary
Desai, who will report into Johan Slabbert, CEO of MS AUL, brings over 18 years’ general insurance industry experience, both in the U.K and internationally from UBS, PwC and Hiscox.
Scullion will take up the newly created role of Chief Actuary in April and will report to Phil Green, CFO of MS AUL. She joins from Lloyd’s of London, where she has worked since 2015 and held the position of Head of Capital since 2018.
How many variants of the coronavirus are there?
Data so far suggests current vaccines should still protect against these variants, though there’s some concern their effectiveness may be slightly diminished. There is some evidence that some antibody treatments may be less effective against certain variants.
German draft doesn’t recommend AstraZeneca jab for over-65s
Questions remain about how well the vaccine protects older people. Only 12% of participants in the AstraZeneca research were over 55 and they were enrolled later, so there hasn’t been enough time to see whether they get sick at a lower rate than those who didn’t get the vaccine.
WHO launches plan to tackle neglected diseases as Covid-19 strains healthcare
By Zachary Fagenson, The World Health Organization (WHO) will on Thursday launch a plan to combat 20 diseases that affect the world's poorest people, seeking to prevent recent progress being erased by the impact of Covid-19 on healthcare...
Reliance signs $15 million deal with an Israeli firm to distribute Covid-19 breath test kit
Preliminary results from clinical trials it is conducting with Israeli hospitals Hadassah Medical Center and the Sheba Medical Center at Tel HaShomer have shown a success rate of 98 per cent compared to the standard PCR test authorised by global medical organisations.
COVID-19: India records 11,666 new cases, 147 districts record no new COVID-19 infections in last 7 days
The number of people who have recuperated from the disease surged to 1,03,73,606 pushing the national COVID-19 recovery rate to 96.94 per cent. The COVID-19 case fatality rate stands at 1.44 per cent.
“We have completed 42,674 sessions of vaccinations all over the country. As many as 23,55,979 people have been administered the COVID-19 vaccines so far and 3,26,499 health workers have received the vaccines in the last 24 hours,.”said Harsh Vardhan, Union Minister of Health and Family Welfare.