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Here is a masonry blog layout with no sidebarSpiceJet ties up with Om Logistics for COVID-19 vaccine transportation
Recently, the Gurugram-based airline said its dedicated freighter division SpiceXpress has the capability to transport sensitive drugs and vaccines in controlled temperatures ranging from (-)40°c to (+)25°c.
The strategic partnership aims to not only provide a speedy and seamless solution for COVID-19 vaccine movement and delivery, but also to create a sustainable cold chain network both domestically and internationally, SpiceJet said in a release.
Bharat Bio working on nasal vaccine
Indian doctors find lead, nickel in blood samples after hundreds suffer mystery illness
High levels of lead in the bloodstream can impair development of brains, nervous systems and vital organs such as heart and lungs
The illness has infected more than 300 children, with most of them suffering from dizziness, fainting spells, headaches and vomiting. They have tested negative for COVID-19.
India could authorise COVID-19 vaccines in weeks, 300 million on priority list
Indian Prime Minister Narendra Modi’s government has identified 300 million people, including healthcare workers, policemen, and citizens above the age of 50, who would be administered a vaccine on a priority basis, health secretary Rajesh Bhushan said.
“Every single Indian who needs to be vaccinated, will be vaccinated,” Bhushan said, adding that the government expected the vaccination process to take over a year to complete.
India’s COVID-19 caseload rises to 97.35 lakh; recoveries cross 92 lakh
The number of people who have recuperated from the disease surged to 92,15,581, pushing the national recovery rate to 94.66 per cent, while the COVID-19 case fatality rate stood at 1.45 per cent.
There are 3,78,909 active coronavirus infections in the country now which comprises 3.89 per cent of the total caseload, the data stated.
The COVID-19 active caseload remained below four lakh for the third consecutive day.
Amazon eyes potential $100 million investment in India’s Apollo Pharmacy – media report
When $2 trillion falls short, the next 2020 may be uninsurable
At the core is the reality that the global non-life insurance industry’s US$2 trillion in capital won’t last in a “black swan” event, such as a cyberattack or another pandemic, that hobbles the global economy.
Insurance markets for events, travel and business interruption have all been roiled by the virus. For those looking to protect against the possibility of pandemics, most will find that firms are offering few safeguards going forward.
Allianz, Europe’s biggest insurer, said it will focus on tightening up contracts to exclude pandemics. Munich Re has stopped selling business-interruption policies that cover coronavirus losses.
Those vaccinated against Covid-19 may still need to wear masks
AstraZeneca’s Covid-19 vaccine 70.4% effective at preventing the infection
The Company is also making rapid progress in manufacturing with a capacity of up to 3 billion doses of the vaccine in 2021 on a rolling basis, pending regulatory approval. The vaccine can be stored, transported and handled at normal refrigerated conditions (2-8 degrees Celsius/ 36-46 degrees Fahrenheit) for at least six months and administered within existing healthcare settings.
Nifty, Sensex hit record highs on vaccine progress
World COVID-19 caseload breaches 68 million mark
According to The New York Times, the vaccine made by Pfizer and BioNTech provides “strong protection” against Covid-19 within about 10 days of the first dose, according to documents published on Tuesday by the Food and Drug Administration before a meeting of its vaccine advisory group.
The US continues to be the worst-affected country from the pathogen with its caseload breaching the 15 million cases mark. As of now, the tally stands at 15,161,807.
The US also has the highest death toll from the virus with 286,189 succumbing to the virus across the US. As many as 5,786,915 patients have recovered from the Wuhan-originated pathogen.
Reinsurers raise $ 22 billion capital in 2020,booked $20b of COVID-19 related losses:Willis Re
In the first nine months of 2020 the global (re)insurers which Willis Re track booked $20b of COVID-19 related losses. This remains considerably below the c.$68b mid-point of top-down loss estimates for the global non-life industry. More is coming with Q4 results with, for example, Munich Re announcing on 1 December that it will book an additional c.€1.1b, said the report.
A number of (re)insurers have included a significant Incurred But Not Reported (IBNR) component in their booked losses due to considerable uncertainty around ultimate COVID-19 losses. This uncertainty is due in part to pending legal rulings, particularly in relation to business interruption (BI) covers, which will decide if and how COVID-19 related claims should be covered.
U.S. cybersecurity firm FireEye discloses breach, theft of internal hacking tools
Cyber risk is new threat to financial stability: IMF
“Given strong financial and technological inter-connections, a successful attack on a major financial institution — or on a core system or service used by many — could quickly spread through the entire financial system, causing widespread disruption and loss of confidence.” said Jennifer Elliott and Nigel Jenkinson of IMF’s Monetary and Capital Markets Department
Munich Re’s “Ambition 2025” sets new growth and results targets
Return on equity to increase to 12–14% by 2025
Solvency ratio to remain in the ideal corridor of 175–220%
Extensive decarbonisation strategy: Shifting away from coal, oil and natural gas“
“With our Munich Re Group Ambition 2025, we’ve created a strategy that is uniform across the Group – spanning reinsurance, primary insurance and asset management. We have committed ourselves to ambitious financial targets, and we will continue adding value for our shareholders, clients, staff and communities. The Munich Re Group Ambition 2025 will help us to elevate Munich Re to a new level of success.”said Joachim Wenning,Chairman of the Board of Management
Round-the-clock RTGS from December 14
“Round the clock availability of RTGS will provide extended flexibility to businesses for effecting payments and will enable introduction of additional settlement cycles in ancillary payment systems.
“This can also be leveraged to enhance operations of Indian financial markets and cross-border payments,” the RBI said.
UK warns people with serious allergies to avoid Pfizer vaccine after two adverse reactions
Percentage of uninsured vehicles rises to 57% in 2018-19, Kerala corners the highest average in motor death claims
Maharashtra is the leading state in terms of total premiums collected from Motor business, followed by Tamil Nadu, Uttar Pradesh,Karnataka, Gujarat and Kerala.
The bulk of the uninsured vehicles are Two Wheelers with the un-insurance being as high as 66%.
For the financial year 2018-19, total death claims on account of motor insurance paid by the domestic general insurers was Rs. 9,01,207 and for Injury claims it was Rs. 2,51,094 which showed an increase over FY 2017-18.