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Indian general insurers see record underwriting losses of Rs31,810 crore in Fy 2022-23, PSU general insurers shut 1,148 offices
The public sector insurers' underwriting losses, with OIC's largest...
Indian insurance penetration falls marginally to 4% in FY 2022-23: Irdai report
The country’s insurance penetration has fallen as the insurance...
Container ships sent to Tripoli to keep Lebanon supply lines running
Ship insurer Gard said: “According to our correspondents, the port of Beirut is closed for a minimum period of 14 days which could be extended until port facilities have been restored.”
The International Transport Workers’ Federation, which represents seafarers, quoted its representatives in Lebanon as saying at least 12 dockers and seven separate seafarers had been killed in the port. The figure could not be independently confirmed.
Lebanon, which imports almost all it uses, relies on container ships to bring in everything from refrigerated food cargoes to clothing and other consumer goods.
There is no firm date for Beirut port to re-open, and this is a strain on supply chains.
Robots running the industrial world are open to cyber attacks
Robots are often connected to networks and run via software, according to the report, and previously unknown vulnerabilities could allow hackers to hide malicious code in them and other automated, programmable manufacturing machines.
The researcher found flaws in software produced and distributed by the Swedish-Swiss multinational ABB Ltd, one among world’s largest industrial robot maker. They also found other vulnerabilities in one of industry’s most popular open-source software called “Robot Operating System Industrial”, or Ros-I, adapted for ABB and for Kuka AG, a German robot maker.
Global coronavirus deaths exceed 700,000, one person dies every 15 seconds on average
Even in parts of the world that had appeared to have curbed the spread of the virus, countries have recently seen single-day records in new cases, signaling the battle is far from over. Australia, Japan, Hong Kong, Bolivia, Sudan, Ethiopia, Bulgaria, Belgium, Uzbekistan and Israel all recently had record increases in cases.
Proportion of youth with COVID-19 triples in five months: WHO
An analysis by the WHO of 6 million infections between Feb. 24 and July 12 found that the share of people aged 15-24 years rose to 15% from 4.5%.
Apart from the United States which leads a global tally with 4.8 million total cases, European countries including Spain, Germany and France, and Asian countries such as Japan, have said that many of the newly infected are young people.
“Younger people tend to be less vigilant about masking and social distancing,” Neysa Ernst, nurse manager at Johns Hopkins Hospital’s biocontainment unit in Baltimore, Maryland told Reuters in an email.
How the pandemic may change ‘work-life balance’ forever
Some of the best companies for work-life balance] have really great paid-time off policies, flexible working schedules, good parental leave, sabbaticals and gym credits,” said Amanda Stansell, senior research analyst at workplace website Glassdoor. But as workers shifted to remote work, the spirit of in-person events and company culture needed to be recreated at home
Oneglobal Broking sets up Asian operation in Hong Kong
Jonathan Palmer-Brown,cairman, Oneglobal commented, “This is an exciting moment for Oneglobal as we extend our reach into Asia. I’m proud that we are one of the first broking businesses in Hong Kong to be authorised by the Insurance Authority, which is testament to our strong business plan and outstanding leadership. Anthony Langridge is known to many Asian business leaders and his appointment is a vital building block in our campaign to grow across Asia, which will see new colleague and location announcements in the coming months.”
Zydus Cadila’s COVID-19 vaccine candidate found safe in early-stage human trial
Zydus plans to complete late-stage trials for ZyCoV-D by February or March and could produce up to 100 million doses a year initially, the company’s chairman told Reuters last month.
India reported a daily jump of more than 50,000 coronavirus infections for the seventh straight day on Wednesday.Total cases now stand at 1.91 million, the third biggest, after the United States and Brazil
Construction sector sees significant increase in insurance premiums:Mactavish
Bruce Hepburn, CEO, Mactavish said: “Some of these problems are also affecting other sectors, but there are two factors that make them particularly challenging for construction companies. The first is the difficulties posed to the sector by the end of lockdown and return to work,which are far from straightforward on active construction sites. The second is the way in which commercial contracts create a complex web of liabilities and obligations across contractors, sub-contractors and other elements of the supply chain.”
90% of recovered COVID-19 patients in Wuhan suffering from lung damage:report
According to the first phase results, 90 per cent of the patients” lungs are still in a damaged state, which means their lungs ventilation and gas exchange functions have not recovered to the level of healthy people, state-run Global Times reported.
Some recovered patients have to rely on oxygen machines even three months after being discharged from the hospital, Liang Tengxiao, a doctor from the Dongzhimen Hospital, Beijing University of Chinese Medicine, was quoted as saying by the report.
Aditya Birla Health Insurance launches Covid-19 cover
Mumbai: With the onset of COVID-19, Aditya Birla Health Insurance (ABHICL),the health insurance arm of Aditya Birla Capital Limited, has introduced an array of services and product solutions that will enable customers to take care of their health in such...