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ACKO appoints Mallesh Bommanahal as Chief Data Scientist
ACKO has announced the appointment of Dr Mallesh Bommanahal as a...
Insurance cover under Ayushman Bharat health insurance scheme likely to be doubled
The increase in coverage to Rs 10 lakh per family per year and...
Indian insurance industry strikes a chord with “Diversity and Inclusion”
The themes for this year’s edition included mental health, inclusivity in multi-generational workplaces, among others.
The India festival was organised by AIG, Anviti Insurance Brokers, Lloyd’s, Swiss Re and Willis Towers Watson
Nearly seven crore tests conducted in India for detection of COVID-19
“Evidence has revealed that higher numbers of testing subsequently leads to lowered positivity rate. States that are testing the highest numbers are also reporting a gradual decline in the positivity rate,” the ministry said.
Maruti Suzuki launches car subscription plan in Delhi, NCR, Bengaluru
“The programme is especially focussed to bring convenience to the individual customers. Besides flexibility of tenure, it offers nil down payment and includes registration costs, insurance and its renewal as well as routine maintenance,” MSIL Executive Director (Marketing and Sales) Shashank Srivastava said.
Climate risk need to be baked into company financial accounts:UN climate envoy
Specifically, the investor groups, which include the United Nations-backed Principles for Responsible Investment, said companies needed to explain the key assumptions made with regard to climate risk and make sure they are compatible with the goals of the Paris climate agreement
Next Insurance raises $250 million, valuation exceeds $2 billion
The round was led by CapitalG, Alphabet Inc’s GOOGL.O independent growth fund, with participation from existing investor Munich RE. This brings Next Insurance’s total funds raised to $631 million.
MENA reinsurers strive to adapt to testing conditions:AM Best
AM Best notes that in general, the region’s reinsurers have demonstrated resilience in a difficult operating environment. The strategies adopted by MENA reinsurers vary considerably. Certain reinsurers benefit from long-standing legal cessions in their domestic markets, while others focus on providing proportional capacity. Strategic shifts are ongoing, with some looking to increase nonproportional and facultative business, as well as improve regional and international diversification.
Men at 62% increased risk of COVID-19 associated deaths: Study
“We need further studies on what exactly makes men more vulnerable to COVID-19. We do not yet know which biological or possibly social factors lead to these marked differences,” the authors concluded.
AXA XL appoints Jonathan Salter as Head of Risk Consulting
Nancy Bewlay, Global Chief Underwriting Officer at AXA XL, said: “As the COVID-19 crisis continues to challenge the way companies operate, loss prevention has never been more important. Jonathan’s extensive experience, innovative approach and proven track record position him ideally to lead AXA XL Risk Consulting, which has, since March, been offering remote services, including site analysis. Our remote, tech-enabled capabilities have been extremely well received by clients and now form a key part of our product suite.”
U.N. aviation agency ICAO advises Pakistan to suspend issuance of new pilot licenses
“Pakistan should improve and strengthen its licensing system to ensure that it takes into account all necessary processes and procedures and prevents inconsistencies and malpractices before new licenses are issued and privileges of suspended licenses are re-established,” said ICAO, in a previously unreported letter to the Pakistan Civil Aviation Authority (PCAA) last week.
India’s coronavirus infections surge to 5.82 million
A total of 1,141 people died of COVID-19 in the last 24 hours, the ministry said, taking mortalities to 92,290, which is a relatively low 1.6% of all cases.