(L to R) Satyajit Tripathy, Member (distribution), Irdai and Vivek...
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Risk Management
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5 cases of Human Metapneumovirus (HMPV) detected in 3 states
The ICMR emphasized that despite the detection of these 5 cases,...
GIC Re issues fiat for stricter underwriting and pricing to fix undercutting of Fire premium
``We are closely monitoring the evolving market dynamics and are...
India’s rank slips to 86th in corruption perception index 2020
Delia Ferreria Rubio, chair of Transparency International'(TI) said that Covid 19 is not just a health and economic crisis, it is also an economic crisis,which we are currently failing to manage. She said that countries with higher levels of corruption have been less able to meet the pandemic challenge.
Global public debt likely to touch 98 pc of GDP in 2020 amid COVID crisis: IMF
Noting that global public debt is projected to edge up further from 98 per cent of GDP in 2020 to almost 100 per cent of GDP in 2021 driven by advanced and emerging market economies, Paolo Mauro, Deputy Director of the Fiscal Affairs Department at IMF said, with the pandemic still out of control and economies growing below potential, additional fiscal support will be necessary in 2021, to protect livelihoods.
Cyber Insurance- a must for Enterprises
A cyber insurance cover is a must especially for corporates as it is designed to help an organization mitigate risk exposure by offsetting costs involved with recovery after a cyber-related security breach or similar event.
Currently, insurance covers are designed to protect against a number of cyber exposures that can impact businesses including direct costs to the corporates as well as claims/losses from third parties.
In India, over 139 million women and girls now use modern methods of contraception: Report
“India continues to be one of the countries with the highest levels of domestic government expenditure, reflecting the governments’ commitment to its family planning programmes,” the report said.
Air pollution can permanently harm eyes, may result in irreversible blindness
The researchers, including those from the University College London, UK, noted that AMD is the leading cause of irreversible blindness among the over 50s in high-income countries, with the numbers of those affected projected to reach 300 million by 2040.
Known risk factors include older age, smoking, and genetic make-up, they said.
Two-thirds of world see ‘climate emergency’: UN survey
“Concern about the climate emergency is far more widespread than we knew before,” Stephen Fisher, a sociologist at Oxford who helped design the survey and process the data, told AFP in an interview.
“And the large majority of those who do recognise a climate emergency want urgent and comprehensive action.”
Global life insurers impose restrictions, worried about long-term pandemic risks
Life insurers, including Prudential Financial Inc, and Aviva PLC, are now imposing waiting periods before COVID-19 patients, including those who have recovered, can apply for coverage, executives and spokespeople said. Some are also limiting coverage for certain age groups.
Infosys, TCS, Cognizant join WEF coalition to tackle workplace racism
”With just 1 per cent of Fortune 500 companies led by Black chief executives, the need to tackle racial under-representation in business is urgent and obvious,” WEF Managing Director Saadia Zahidi said.
The founding members of the coalition also include AP Moller-Maersk, AlixPartners, AstraZeneca, BlackRock, Bloomberg, Boston Consulting Group, Bridgewater Associates, Centene, Cisco, Cognizant, Dentsu International, Deutsche Bank, EY, H&M, Henry Schein, HP and IKEA.
Why Chinese involvement in financial frauds in India is alarming
Police said that around 40,000 confirmed victims have been identified who have been cheated of crores in two months. Almost Rs 4.75 crores of cheated money has been blocked in various accounts and more than Rs. 25 lakhs recovered in cash from the arrested Chinese nationals.
“The malicious app was also making millions of Indian users follow thousands of social media accounts of unknown origin and ownership, with huge potential of future misuse of this by a foreign entity,” said Anyesh Roy, DCP Crime Crime.
Climate change drives $268 bn global damage from 2020 natural disasters with 64% uninsured:Aon report
“When Natural Disasters and a Pandemic Collide” global annual report explores “connected extremes”
Asia recorded $95 billion in economic damage from natural disasters in 2020. Just 9% was insured; which means the protection gap was 91% further highlighting protection gap vulnerabilities in 2020