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Benoît Ribadeau-Dumas to succeed Denis Kessler as CEO of SCOR

Augustin de Romanet, Lead Independent Director of SCOR, commented “Since 2002, Denis Kessler has shaped SCOR, turning it around in an outstanding way and subsequently establishing it as the world’s fourth largest reinsurer, with a rating of AA-. By choosing Benoît Ribadeau-Dumas, a very high-profile figure well known for his intellect and his leadership, the Board of Directors confirms its high level of ambition for SCOR.”

Vaccinating the world means solving patent impasse; India has suggestion

The International Federation of Pharmaceutical Manufacturers and Associations argues that suspending patents is fraught with danger. If you waive patents this time round, you risk harming the whole medical infrastructure that allowed Covid vaccines to be developed in record time, said Director General Thomas Cueni.

Auto sector suffered Rs 2,300-cr loss a day in lockdowns, says par panel

“The committee was informed by the auto industry associations that all the major original equipment manufacturers (OEM) have cut down their production by 18-20 per cent due to low demand and decline in sales of vehicles. As a result, the employment scenario in the automobile sector has been affected and an estimated job loss in the auto sector at 3.45 lakh,” the panel said in its report.

Hiring of manpower has been stopped in the auto industry sector. Besides that, 286 auto dealers have been closed. Further, production cuts in the automobile sector have a percolating negative impact on the component industry adversely affecting the Micro, Small and Medium Enterprises (MSME) engaged in the automobile spare parts manufacturing, the report states.

“1.45 crore cashless treatments have been provided to the poorest citizens under AB-PMJAY”

“We have made remarkable progress in operationalizing Ayushman Bharat – Health and Wellness Centers and crossed a major landmark in our journey. With 51,500 centres now functional, more than one-thirds of the target has been met. This has led to improved access to affordable primary healthcare services for more than 25 crore people,” Union Health minister Harsh Vardhan said.

Less than 45 pc of households in five states use clean fuel for cooking Govt survey

It found that over 70 per cent of the population in 16 states are living in households that use an improved sanitation facility.

Lakshadweep (99.8 per cent) and Kerala (98.7 per cent) have the highest percentage of population living in households with an improved sanitation facility, while Bihar (49.4 per cent) and Ladakh (42.3 per cent) have the lowest, the survey said.

Earnix launches its Usage and Behavior-Based insurance offering

The pandemic has accelerated the surge in consumer demand for personalization in insurance, and specifically, for UBI and BBI. This phenomenon will forever change how people and businesses consume insurance and will require all carriers to personalize in real-time the products and prices they offer,” said Udi Ziv, CEO at Earnix.

Over 60 pc women in 12 states and UTs never used internet: Survey

The states and UTs where less than 40 per cent women have used the internet are Andhra Pradesh (21 per cent), Assam (28.2 per cent), Bihar (20.6 per cent), Gujarat (30.8 per cent), Karnataka (35 per cent), Maharashtra (38 per cent), Meghalaya (34.7 per cent), Telangana (26.5 per cent), Tripura (22.9 per cent), West Bengal (25.5 per cent), Dadra & Nagar Haveli and Daman & Diu (36.7 per cent) and Andaman & Nicobar Islands (34.8 per cent), the survey revealed.

In comparison, more percentage of men have used the internet.

$83 billion global insured cat losses in 2020, the fifth-costliest on record:Swiss Re 

”As with COVID-19, climate change will be a huge test of global resilience.Neither pandemics nor climate change are ‘black swan’ events. But while COVID-19 has an expiry date, climate change does not, and failure to ‘green’ the global economic recovery now will increase costs for society in future,”said Jerome Jean Haegeli, Swiss Re Group Chief Economist.

COVID-19: India records 22,065 infections, 354 fatalities

The number of people who have recuperated from the disease surged to 94,22,636 pushing the national recovery rate to 95.12 per cent, while the COVID-19 case fatality rate stood at 1.45 per cent

The active COVID-19 caseload remained below four lakh for the eighth consecutive day on Tuesday

There are 3,39,820 active coronavirus infections in the country which constitute 3.43per cent of the total caseload, the data stated

Lloyd’s, Parsyl to insure emerging market COVID-19 vaccine rollout

The Global Health Risk Facility (GHRF), made up of 14 insurers and reinsurers, has been set up to address the challenges of transporting temperature-sensitive vaccines, and will be supported by $26.7 million in funding from the U.S International Development Finance Corporation, the companies said on Tuesday.

The DFC loan will be used to capitalize a new public-private Lloyd’s syndicate, which will start operating in January, and allow the GHRF to offer cost-effective insurance policies for shipments of vaccines and medical products to developing countries.

Syndicate 1796 is the first public-private partnership to address a global health emergency in Lloyd’s 330-year history, the companies said.

Farmers’ protest resulting in daily loss of Rs 3,500 cr: Assocham

Assocham President Niranjan Hiranandani said, ”The size of the combined economies of Punjab, Haryana, Himachal Pradesh and J&K is about Rs 18 lakh crore. With the ongoing farmers’ agitation and blockade of roads, toll plazas and railways, the economic activities have come to a halt.”

On Monday, the Confederation of Indian Industry (CII) had said the farmer agitation has led to supply chain disruptions, which will impact the economy in the coming days and may impinge upon the ongoing recovery from the economic contraction due to COVID-19.