Category:

Risk Management

Covid-19 travel insurance becoming a vacation staple

The market for all types of Covid-19 travel coverage is estimated to be between $30 billion to $40 billion a year, according to travel insurance consultant Robyn Ingle, with companies like AXA and AIG underwriting protection.

Airline bookings are on the rise in some regions, driving cautious hopes of a revival in summer traffic, but also raising fears among tourist destinations of getting hit with bills should vacationers become stranded by the virus.

More than a dozen countries from Aruba to Thailand require Covid-19 coverage for visitors, with Jordan the latest to consider such protections, organizers of an emergency services plan told Reuters.

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Crisil not sure about strength of credit qualit

Maintaining a cautiously optimistic outlook on credit quality for the near to medium-term, a Crisil director Akshay Chitgopekar said they are watching the normalisation of economic activity, agriculture performance and rural demand, the flow of investments into infrastructure to gauge the level and sustainability of the recovery seen from last October.

A second wave of the pandemic, especially with mutations that undermine the effectiveness of current vaccines, leading to containment measures can derail the ongoing recovery, he warned.

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Data sharing, cybersecurity top concern areas for banks, customers: Deloitte

Observing that not only banks, but even customers are wary of data sharing, it said, “Cybersecurity and data protection are the top concern areas across all age groups, followed closely by wariness towards third-party access to data and transparency on data usage”.

Over the years, the value of data has reached unprecedented levels.

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Junk your old car and get 5% rebate from automakers on new buy: Gadkari

“There are four major components of the policy…Apart from rebate, there are provisions of green taxes and other levies on old polluting vehicles. These will be required to undergo mandatory fitness and pollution tests in automated facilities. For this automated fitness centres would be required through out in the country and we are working in that direction,” Gadkari said.

Automated fitness tests will be set up under public private partnership (PPP) mode while the government will assist private partners and state governments for scrapping centres, he said.

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Covid-19 accelerates shift towards digitalisation: Infosys-Milken report

The report finds that the shift to remote work has allowed employers to hire talent beyond where they physically operate. Some firms have used this opportunity to double down on diversity and inclusion. The Covid-19 pandemic has changed employment forecasts for different sectors. Although utility companies experienced the smallest decline in employment during Covid-19, it is projected to have the largest decline of any sector over the next decade.

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Pandemic fatigue, absence of fear of disease leading to spike in cases in Maharashtra: Centre

”Don’t let the guard down. Stay to basics of surveillance, contact tracing and testing. Micro plan and ensure strict compliance of protocols. Strengthen teams to ensure meticulous home quarantine, do focused testing of 100 per cent population in hotspot areas repeated at five days, and isolate positives to check spread,” it said.

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Govt open to evaluate, explore cryptocurrencies, says Thakur

A High-Level Inter-Ministerial Committee (IMC) was constituted under the Chairmanship of Economic Affairs Secretary on digital currencies and it has submitted its report.

The government would take a decision on the recommendations of the IMC and the legislative proposal, if any, would be introduced in Parliament following the due process, he said while inviting suggestions and views on this issue.

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