Debasish Panda,chairman, IRDAI "There is a need to come out of the...
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Gallagher appoints Sneha Gokarn as its new CEO for India
Sneha Gokarn, CEO and principal officer of Gallagher, India...
Marine insurers continue to support trade in the Red Sea & Black Sea
The impact on Suez Canal transits and global supply chains are...
Irdai gives final nod for merger of HDFC ERGO Health with HDFC ERGO General Insurance
Under this, share exchange ratio of 100:385 has been okayed by the board of the subsidiary companies which would mean allocation of 385 shares in HDFC ERGO Health for 100 shares in HDFC ERGO
With the merger of HDFC ERGO Health Insurance with HDFC ERGO General Insurance, the number of there stand-alone health insurers will from seven to five..
Earlier,IRDA had asked Reliance General Insurance to take over Reliance Health Insurance as the exclusive health insurers was had fallen short of solvency margin and the financially troubled promoter company Reliance Capital was unable to infuse capital in its health insurance subsidiary.
Japan suicides rise as economic impact of coronavirus hits home
According to preliminary police data, the total number of suicides for October was 2,153, an increase of more than 300 from the previous month and the highest monthly tally since May 2015.
Of October’s cases, 851 were women, a rise of 82.6% over the same month in 2019. The number of suicides by men rose 21.3%.
Cases of suicide had been falling steadily until July but then the economic impact of the novel coronavirus outbreak hit home and the numbers started rising, activists say.
Climate finance neglects small-scale farmers – new report
Small-scale farmers currently produce 50 percent of the world’s food calories. However, higher temperatures – together with increased incidences of drought and flooding – destroy crops and livestock and make it difficult for them to continue to feed their communities and earn a living.
“It is unacceptable that the people who produce much of the world’s food, and who are at the greatest mercy of increasingly unpredictable weather, receive the least support. Small-scale farmers living on marginal lands are on the frontline of climate change and should have access to the climate finance they need to adapt their production,”said Gilbert F. Houngbo, President of IFAD..
Global insurance markets set to rebound with China leading recovery, says Swiss Re
Global insurance premiums expected to grow by 3.4% in real terms in 2021, after contracting an estimated 1.4% in 2020
China will lead recovery with premiums up by an estimated 10% in non-life next year, and by 8.5% in life
Insurance recovery supported by heightened risk awareness driving demand and continued strong rate hardening
Amid uncertainty of how the COVID-19 crisis will evolve, and the risk of trade war and a credit crisis, public policy should focus on sustainable infrastructure development and inclusive growth
Global insurance markets set to rebound with China leading recovery, says Swiss Re Institute
New India’s net profit rises 5 % to Rs 555.59 cr in Q2 FY 2020-21, combined ratio improves from 116.62% to 105.75%
Thanks to the lock down due to the Covid-19 pandemic, -for the first time , NIA has booked underwriting profits in motor during the period. The company’s liability portfolio has been profitable during the period.
Atul Sahai, Chairman Cum Managing Director, NIA said,”Considering the challenging macro environment, the company has delivered excellent results for the quarter and the half year ended 30th Sep 2020. Compared to the Industry the company has registered much better growth and has also increased its market share to 14.56 per cent as of Sep 30,2020. The growth has been accompanied by healthy operating metrics with combined ratio declining from 116.62 per cent in H1FY20 to 105.75 per cent in H1FY21.”
Oneglobal Broking sets up Singapore operation
Oneglobal’s strategy is to build out its operations in Asia, of which the establishment of a Singapore company is a key element and follows its announcement of the opening of Hong Kong in August this year, with further offices and senior broker hires to follow.
Why Pfizer’s ultra-cold COVID-19 vaccine will not be at the local pharmacy any time soon
The main issue is that the vaccine, which is based on a novel technology that uses synthetic mRNA to activate the immune system against the virus, needs to be kept at minus 70 degrees Celsius (-94 F) or below.
“The cold chain is going to be one of the most challenging aspects of delivery of this vaccination,” said Amesh Adalja, senior scholar at Johns Hopkins Center for Health Security.
Europe charges Amazon with using its dominance and data to squeeze rivals
The regulator looked into how the company collects data on competitors that sell on its platform, offering everything from electronics and toys to food and kitchenware. It says that Amazon uses that sensitive information, which shows what is proving popular or not, to better target its own products.
Aon’s new quality of Intellectual Property Solution helps companies realize full value of their IP portfolio
“Our Quality of Intellectual Property solution and resulting report helps companies articulate and realize the full value of their IP portfolio for M&A or financing transactions,” said Lewis Lee, CEO of IP Solutions at Aon.
“With QoIP, a deal team can catalogue IP with greater precision, describe its connection to the enterprise’s revenue streams and strategy, and benchmark it against competing IP portfolios. We believe this will help sellers better position their company to the marketplace,.” he said.
Still no clarity from UK to assess financial market access, says EU
With less than two months before Britain’s full access to the EU ends under post-Brexit transition arrangements on Dec. 31, London’s giant financial hub faces being largely cut off from its biggest customer.
Britain’s finance minister, Rishi Sunak, said on Monday he would not wait for Brussels to decide on UK access and would instead unilaterally allow EU financial firms to offer selected services to UK customers from January.