Krishnan Ramachandran, MD & CEO at Niva Bupa In a bid to...
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Consulting firm McKinsey agrees to USD 78 million settlement with insurers over opioids
The insurers argued that McKinsey worked with Purdue Pharma – the...
Eurostar cancels trains due to flooding, stranding hundreds of travelers in Paris and London
The U.K. has been battered by strong, gusty winds and heavy rain...
Sprout.ai aids Covid-19 insurance claim settlements with AI solution
Tony Emms, former CCO at Zurich UK and Sprout.ai advisory board member, says: “This solution is potentially transformational for the health insurance industry. Claim handling based on illness and medication coding frameworks create a huge amount of complexity. Medical claims are often the most difficult to handle because of these issues and their high volume, low value nature. By circumventing the coding system, with an entirely justified reasoning behind the triage, Sprout.ai has simplified the process for claims handlers. This solution will succeed because it impacts both leakage detection and efficiency gains simultaneously.”
Indian Railways suspends all regular passenger train services indefinitely
It may be noted that 230 Special Trains, which are running at present, will continue to operate. Local trains in Mumbai, which are presently being run on limited basis only on the requisition of state government, will also continue to run, it said.
Companies risk losing a year’s profit from collapse of supply chains,says McKinsey
he New York-based consultancy, in a report that analyzes 325 companies in 13 industries, quantifies what corporate number crunchers have sensed since the tsunami struck Japan in 2011: that man-made and natural disasters are getting more severe, frequent and costly, and that supply chains spanning the globe need to adapt to reduce exposure to threats to business survival.
62,064 new COVID cases; 1,007 deaths
The recoveries surged to 15,35,743 with a record 54,859 more people recuperating in the past 24 hours, taking the recovery rate to 69.33 per cent. The case fatality rate has dropped to about 2 per cent, the ministry said.
Loss in Karnataka due to floods and torrential so far is estimated to be Rs 3,500-4,000 cr: Minister
“We will also seek relief for the total loss that has happened, based on how much the Centre gives we will see what needs to be done…in the coming days a proper survey will be done and a report will be sent (to the Centre),” he said
Passenger vehicle retail sales dip by 25% in July: FADA
Commercial vehicle sales declined 72.18 percent to 19,293 units as compared to 69,338 units in July 2019.Three-wheeler sales declined by 74.33 percent to 15,132 units last month as compared with 58,940 units in July 2019.
WHO decries ‘vast global gap’ in funds needed to fight coronavirus
World Health Organization chief Tedros Adhanom Ghebreyesus said the WHO was only “10% of the way” to funding the billions of dollars required.
“For the vaccines alone, over $100 billion will be needed,” Tedros said. This sounds like lot of money and it is.
“But it’s small in comparison to the $10 trillion that have already been invested by G20 countries in fiscal stimulus to deal with the consequences of the pandemic so far.”
Govt resumes appointment of directors in PSU general insurance companies,BBB selects 9
The nine senior officials who have new been selected as the new GM and directors are-Swami Balla for NIA, Anjan Dey for GIC Re,Deepak Prasad for GIC Re, Neera N Saxena for,NIC,Navneet Doda for NIC,Susmita Mukherjee for NIA,,Atul Jerath for OIC, Ravi Rai and Rajeev Chaudhury for UII.
10 states account for 80% Covid-19 cases:PM Modi,
“Our experience so far is that containment, contact tracing and surveillance are the most effective weapons against the pandemic with experts of the view that if positive cases are identified within 72 hours of onset, then infection slows down to great extent,” prime minister Narendra Modi said.
Modi said it was a matter of satisfaction that the average fatality rate in India has been going down and noted that it has been very low compared to the world average.
With the fresh cases, India’s COVID-19 tally rose to 22.68 lakh, while the recoveries have surged to 15,83,489, pushing the recovery rate to 69.80 per cent.
Record 64,399 new COVID cases, 861 deaths
There are 6,28,747 active cases of the coronavirus disease (COVID-19), comprising 29.20 per cent of the total caseload in the country. The total coronavirus cases have mounted to 21,53,010
This is the third consecutive day that the COVID-19 cases have increased by more than 60,000. India had crossed the 20-lakh mark on Friday.