Non-Life

According to the study, hypertension is the third leading risk factor after air pollution, responsible for 10-20 per cent of all health loss in eight states in India, primarily in the south.

“Most of these risk factors are preventable and treatable, and tackling them will bring huge social and economic benefits,” said study lead author Christopher Murray, Director of the Institute for Health Metrics and Evaluation (IHME) at the University of Washington in the US.

Serum Institute, Bharat Biotech to begin trial of intranasal COVID-19 vaccine soon: Vardhan

Oct 18, 2020 | Eco/Invest/Demography, Health, Indian News, Non-Life, Pandemic

Vardhan said the late stage trial generally involves thousands of participants, sometimes 30,000 to 40,000.

Of the vaccines currently in Phase 3 trials, all are administered by injection, according to the World Health Organization (WHO).

IBAI votes out its president Sanjay Kedia, elects five new faces as directors

Oct 18, 2020 | Indian News, Intermediaries, Life, Non-Life

IBAI’s 15-member board of directors, have chosen Sumit Bohra as the new the new president of the association.
After voting out some existing directors who were seeking re-election, the brokers had elected five new faces as directors for three years,.
They are Sundaram Venkatavaradan of Abhivridhi Insurance Brokers. Rashmi Ravi Iyer of Global Insurance Brokers, Sandeep Dadia of Aditya Birla Insurance Brokers, Mohan Sriraman of Paavana Insurance Brokers, Surender Kumar Tonk of Advance Life Insurance Brokers

Dr Reddy’s gets DCGI nod to conduct Covid-19 vaccine phase 2/3 human trails

Oct 17, 2020 | Eco/Invest/Demography, Indian News, Non-Life, Pandemic

Kirill Dmitriev, CEO of the Russian Direct Investment Fund, said, “We are pleased to collaborate with the Indian regulators and in addition to Indian clinical trial data, we will provide safety and immunogenicity study from the Russian phase 3 clinical trial.This data will further strengthen the clinical development of Sputnik V vaccine in India.”

India’s COVID-19 infection tally crosses 74 lakh with 62,212 new cases

Oct 17, 2020 | Eco/Invest/Demography, Indian News, Non-Life, Pandemic

There are 7,95,087 active cases of coronavirus infection in the country which comprises 10.70 per cent of the total caseload, while the recoveries have surged to 65,24,595, according to the data.

The COVID-19 case fatality rate due COVID-19 was recorded at 1.52 per cent.
According to the Indian Council of Medical Research (ICMR), a cumulative total of 9,32,54,017 samples have been tested up to October 16 with 9,99,090 samples being tested on Friday

Hurricane Delta to cost insurers between $2bn – $3.5bn:RMS

Oct 17, 2020 | Disaster & Management, Eco/Invest/Demography, International News, Non-Life, Reinsurance

“The overlapping nature of Delta and Laura will create a complicated claims management and loss attribution process for the industry. Using an innovative combination of high-resolution aerial imagery and machine-learning techniques, the modeling teams at RMS assessed the competing impacts of Hurricane Laura on Hurricane Delta losses. We determined that more than half of the impacted postal codes were also impacted by Laura, representing more than 90% of loss in this event. While Delta caused higher than expected damage to many structures due to pre-existing damage from Laura, reduced overall exposure-at-risk in the overlapping region after Laura means losses attributed to Delta will end up being lower than if Laura had never happened,” said Jeff Waters, senior product manager, RMS North Atlantic Hurricane Models.

Driverless race steps up with Cruise allowed to drive empty in San Francisco

Oct 17, 2020 | Eco/Invest/Demography, Facts, Non-Life, Risk Management, Technology

Cruise is the fifth company to receive the driverless permit in California. Alphabet’s Waymo was the first in late 2018 to receive it for about three dozen test vehicles with speeds of up to 65 miles per hour. This year SoftBank-backed Nuro, whose vehicle has no steering wheel or pedals, was also approved and has delivered medical supplies for temporary COVID-19 hospitals.

Chinese startup AutoX and Amazon.com Inc’s AMZN.O Zoox also got their permits in recent months. The four previous permits are for cities in Silicon Valley that are easier to navigate.Under its permit, Cruise cars can go anywhere on San Francisco streets at a maximum speed of 30 miles per hour, and can drive both day and night.

Vaccine cooperation, recovery could boost global income $9 trillion by 2025, IMF chief says

Oct 16, 2020 | Eco/Invest/Demography, Health, International News, Non-Life, Pandemic

Equitable and affordable access to COVID-19 therapeutics and vaccines globally will be key to avoiding long lasting scars on the world economy, the IMF’s International Monetary and Financial Committee said in its statement.

TCS launches 10 cyber threat management centres globally

Oct 16, 2020 | Eco/Invest/Demography, Facts, Non-Life, Risk Management, Technology

These are located in Bloomington, US, Manchester, UK, Madrid, Spain, as well as at major Indian cities in the last four months, the statement said, adding that TCS plans to open more such centres in other regions.

These centres will focus on providing cyber security solutions and services, including managed detection and response services, incident management and breach support, on-demand cyber vigilance services, digital forensics and regulatory compliance.