Price increases will drive stronger earnings for reinsurers through 2022 amid the post-pandemic economic recovery
Capitalization remains solid with solvency ratios well above regulatory thresholds
Uncertainty over Covid liabilities has diminished although pandemic-related claims continue to affect earnings for some large multiline reinsurers in 2021, driven by higher than expected mortality claims. The pandemic has caused reinsurers to take a more prudent stance towards systemic risk management, including communicable disease, cyber events and climate change.
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Internet and smartphones are damaging wellbeing of people: Study
Abdullah Al-Rashid, Director of Ithra’s Digital wellbeing program says: “As an organisation dedicated to individual enrichment, we at Ithra want to understand the cultural impacts of mankind’s growing reliance on the internet and social media. Unfortunately, our research shows that half of all people believe over-reliance on these platforms is damaging their wellbeing. This is why we are launching Sync – a new initiative designed to raise awareness about digital wellbeing, support novel research in partnership with global entities, and unite thought leaders globally to find new ways to protect the public.”
G20 health ministers agree vaccine confidence measures
The member nations India, the United Kingdom, the United States, Argentina, Australia, Brazil, Canada, China, France, Germany, Indonesia, Italy, Japan, Republic of Korea, Mexico, Russia, Saudi Arabia, South Africa, Turkey and the European Union agreed to work together to enhance timely global access to safe, affordable and effective COVID-19 vaccines, therapeutics and diagnostics.
Australia detects new UK strain, Hong Kong cancels Britain flights
The new strain has prompted Britain’s European neighbours and several others including Canada and Iran to close their doors to travellers from the country.
Much is unknown about the strain, but experts said current vaccines should still be effective against it.
Asian nations including Japan and South Korea said they were monitoring the new strain even as they battle a spike in infections at home.
India suspends all flights originating from UK until Dec 31
The ban will come into effect on Wednesday and all passengers arriving from the UK before then will be tested on arrival at airports, the ministry said.
COVID-19-battered auto sector drives into 2021 with cautious optimism
”The biggest challenge is to sustain business operations and ensuring financial health of the organisation. Performance of the automotive industry is linked to each stakeholder in the value chain starting from vendors to our dealerships,” Kim said. Honda Cars India Senior Vice President and Director Marketing & Sales Rajesh Goel said with the health crisis expected to continue for some time, rise in personal mobility is likely to help the auto industry sustain sales momentum in the coming months.
“People are now more inclined to immunity-boosting products”
”Ayurveda-based preventive healthcare and hygiene — both personal and household — are gaining prominence in the consumer mind space. People are now more inclined to prophylactic health remedies, especially immunity-boosting products. This trend would sustain, going forward,” Dabur India CEO Mohit Malhotra said.
Echoing similar sentiments, Patanjali Ayurved MD Acharya Balkrishna said, ”this pandemic has helped to create faith in Ayurveda and Yoga among the section which does not believe in it. This is an opportunity for us as people are now having faith in Ayurveda and traditional system.” One of the biggest outcomes of the COVID-19 pandemic is the acceleration in the adoption of digital medium by FMCG companies, not just for distribution but also for marketing and advertising, Mayank Shah said.
European neighbours shut doors to Britain as new coronavirus strain spreads
“The United Kingdom has issued an alert concerning a new strain of Covid-19,” Di Maio wrote on his Facebook account. “As the government, our duty is to protect Italians and for this reason… we will sign, with the health minister, a decree suspending flights to and from Britain,” he said, without specifying when the measure would come into effect.
US issues guidelines on Covid-19 vaccination after allergic reactions
Anyone who had a severe reaction to a Covid-19 vaccine should not get the second dose, the agency said, defining severe as needing the medication epinephrine or treatment in a hospital.
Individuals with histories of severe allergic reaction to vaccines should consult their doctors about the Covid-19 shot. The CDC said people with severe allergies to food, pets, latex or environmental conditions as well as people with allergies to oral medication or a family history of severe allergic reactions could still get vaccinated.
Ombudsman directs Bajaj General Insurance to pay full hospitalisation expenses for Covid treatment
After scrutinizing the documents produced on record coupled with the depositions of both the parties, Miland Kharat, Ombudsman, Mumbai & Goa observed that the policyholder has taken treatment in the insurer’s network hospital. However, it appeared that the hospital has not adhered to Preferred Provider Networ (PPN) rates and has overcharged the patient in violation of their agreement with the Bajaj Allianz General Insurance .
“Nevertheless, it would not be fair to penalise the policyholder for the same as he has genuinely incurred the expenses and has paid the charges as billed by the hospital. The policyholder is entitled to be reimbursed the entire hospitalization expenses barring non-medical items and the Bajaj Allianz General insurance may seek refund of the amount billed in excess of agreed rates directly from the hospital.” he directed.
Top U.S. health official says third COVID-19 vaccine could come next month
Admiral Brett Giroir, an assistant secretary at the Department of Health and Human Services, told ABC News that data was yet to be released on the novel coronavirus vaccine from Johnson & Johnson and Janssen, but that if approved it would give the United States its third vaccine following ones from Pfizer Inc and Moderna Inc.
Maharashtra cities under night curfew from Tue,Quarantine For Europe, Middle East Arrivals
The coronavirus situation in the state is under control, through not completely, said Maharashtra Chief Minister Uddhav Thackeray
Chief of Asia’s largest pharmaceutical company urges transparency in virus vaccine rollout
“Medicines or vaccines are never perfect… there are always some side effects,” said Weber, who joined Takeda in 2014 and took the top job a year later after nearly two decades at Britain’s GlaxoSmithKline.