Welcome to My Blog
Here is a masonry blog layout with no sidebarCentre sends countrywide advisory for ‘Bharat Bandh’
Cyber insurance shifting into personal lines as consumer interest rises in UK:GlobalData
Daniel Pearce, Senior Insurance Analyst at GlobalData, comments: “The need for cyber insurance policies has long been identified in the commercial space, where reliance on technology for day-to-day business activities has grown at an exponential rate. However, individuals have also become increasingly dependent on technology. With their exposure to cyber risks growing, the personal cyber insurance market is burgeoning.”
Country will not have to wait too long for COVID-19 Vaccine:PM Modi
ICICI Lombard and PLUM to provide technologically powered group health insurance products
Covid 19 Pandemic to hit life insurers’ investment income,ULIP and Pension and Annuity business:LIC Chief
TR Alamelu, member, IRDAI explained that that the solution to the issue of under-insurance in the country does not lie in mandating insurance because a stage has been reached where insurance should be a product on “demand” and It cannot be forced upon consumers by the industry or other stakeholders.
Tokyo Olympics delay costs near $2.8 billion
German prosecutors probe EY auditors over Wirecard collapse
EY said on Friday that “it is not aware of any indications of criminal behaviour by its auditors at Wirecard. EY has supported the investigations of the responsible authorities from the outset and will continue to do so in full.”
Wirecard collapsed into insolvency in June after EY, its auditor for more than a decade, was unable to confirm the existence of 1.9 billion euros ($2.3 billion) purportedly held in offshore trustee accounts.
New EU-U.S. data transfer pact? Not any time soon, says EU privacy watchdog
The European Union is also trying to devise different ways to manage its data transfers with the rest of the world after the CJEU said privacy watchdogs must halt or prohibit transfers outside the EU if other countries cannot assure that the data will be protected.
More than 5,000 companies had signed up to the Privacy Shield set up in 2016 when the Luxembourg-based EU Court of Justice (CJEU) scrapped it in July this year, disrupting their businesses and exposing them to the risk of privacy lawsuits.
Serum likely to supply COVID-19 vaccine at over $3 a dose to Indian government
The government is pinning its hopes for mass supply on Serum Institute, which lodged the first formal application for emergency-use approval of AstraZeneca’s shot on Monday.
Chief Executive Officer Adar Poonawalla had earlier said the vaccine would be priced at 1,000 rupees ($13.55) per dose in India’s private market, but governments signing large supply deals would likely buy it at lower prices.
India investigates if organochlorines behind unknown illness
More than 400 in the southern state of Andhra Pradesh have been hospitalised in the past few days, a health official said on Tuesday.
The unknown illness has infected more than 300 children, with most of them suffering from dizziness, fainting spells, headache and vomiting. They have tested negative for COVID-19.
EU climate deal unlikely without breakthrough on budget, envoy says
The climate and budget issues are interlinked.The EU has agreed that hundreds of billions of euros from its 1.8-billion-euro budget and attached COVID-19 recovery fund will be spent on helping countries cut greenhouse gas emissions.
The European Commission wants the EU to commit to cut net emissions at least 55% by 2030, from 1990 levels. The bloc’s current 2030 target is a 40% emissions cut.
A year into COVID-19, U.N. declares a day of ‘epidemic preparednes
The COVID-19 virus emerged in the Chinese city of Wuhan late last year and spread globally, so far infecting more than 66 million people and killing some 1.5 million. The World Health Organization (WHO) called it a pandemic in March, a declaration that the United States and others said came too late.
“Given that the General Assembly has previously declared international days devoted to chess, yoga and toilets it only seems fair that epidemics should have their day too,” said International Crisis Group U.N. director Richard Gowan.
Personal accident and health insurance in Asia-Pacific to reach $240.1bn in 2023:GlobalData
Varma concludes: “Personal accident and health insurance insurance is expected to see major developments as short-term accident covers, critical illness, disease-specific products become more mainstream. Furthermore, technology savvy middle class emerging markets and aging population in mature markets will support the business growth over the next few years.”
COVID-19 caseload in India rises to 96.44 lakh with 36,011 new cases
The number of people who have recuperated from the disease surged to 91,00,792 pushing the national recovery rate to 94.37 per cent, while the COVID-19 case fatality rate stands at 1.45 per cent.
There are 4,03,248 active coronavirus infections in the country which comprises 4.18 per cent of the total caseload, the data stated.
Pfizer seeks emergency approval for COVID-19 vaccine in India, media say
The U.S. company, whose vaccine was recently approved by the British government, has written to the Drugs Controller General of India (DCGI), CNN-News18 reported citing a government source.Officials at the DCGI and the health ministry did not respond to requests for comment. A government official, however, told Reuters that no application had been received as of Saturday night.
1st dynamic Covid surveillance system rolls out in 195 nations
“We can inform leaders where the outbreak is occurring before it shows up in overcrowded hospitals and morgues,” said Lori Post from Northwestern University’s Feinberg School of Medicine. said.
“Current systems are static and ours is dynamic.”
Northwestern is hosting a dashboard for the new Covid tracking system — open to anyone — with the new metrics as well as traditional metrics.
Each country’s dashboard will be monitored to inform policy leaders around the globe. Users will have metrics of the whole world at their fingertips.
COVID-19 could push number of people living in extreme poverty to over 1 billion by 2030: UN
“Severe long-term effects of the COVID-19 pandemic could push an additional 207 million people into extreme poverty on top of the current pandemic trajectory, bringing the total to over 1 billion by 2030,” noted the study.
The ‘Baseline COVID’ scenario, based on current mortality rates and the most recent growth projections by the International Monetary Fund (IMF), would result in 44 million more people living in extreme poverty by 2030 compared to the development trajectory the world was on before the pandemic.
Banks need to hire chief risk officers to deal with cybercrimes: Deloitte
“…these (cyber) attacks are becoming complex day by day. To address these challenges, banks need to appoint experienced Chief Risk Officers who can take the responsibility of skilling the employees and lead investment in military-grade cybersecurity solutions to detect the most advanced attacks,” said the Deloitte report on “Digitizing the post COVID world: The ‘3I’ approach”.