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Here is a masonry blog layout with no sidebarDeep-freeze challenge makes Pfizer’s shot a vaccine for rich
The expense of deploying the Pfizer shot will likely heighten existing fears that wealthier nations will get the best vaccines first, despite a World Health Organization-backed effort called Covax that aims to raise $18 billion to purchase vaccines for poorer countries.
“The requirement for extremely cold temperatures is likely to cause spoilage of a lot of vaccine,” said Michael Kinch, a vaccine specialist at Washington University in St. Louis.
New India’s net profit rises 5 % to Rs 555.59 cr in Q2 FY 2020-21, combined ratio improves from 116.62% to 105.75%
Thanks to the lock down due to the Covid-19 pandemic, -for the first time , NIA has booked underwriting profits in motor during the period. The company’s liability portfolio has been profitable during the period.
Atul Sahai, Chairman Cum Managing Director, NIA said,”Considering the challenging macro environment, the company has delivered excellent results for the quarter and the half year ended 30th Sep 2020. Compared to the Industry the company has registered much better growth and has also increased its market share to 14.56 per cent as of Sep 30,2020. The growth has been accompanied by healthy operating metrics with combined ratio declining from 116.62 per cent in H1FY20 to 105.75 per cent in H1FY21.”
Brazil suspends Sinovac COVID-19 vaccine trial due to severe adverse event
Insurtech Coherent secures $14mn investment from Cathay Innovation and Franklin Templeton
The new funding from Cathay Innovation and Franklin Templeton provides Coherent with the ability to invest and rapidly expand its operations and capability..Coherent will add technology and actuarial talent to its growing workforce at its current offices in Hong Kong, Singapore, Shanghai and Manila plus hire new teams in Japan, USA and Thailand. The increased reach will also extend its customer portfolio which currently covers large insurers in Hong Kong, Singapore, Indonesia, Mainland China, Japan, the Philippines, Thailand, Brazil and Myanmar.
Oneglobal Broking sets up Singapore operation
Why Pfizer’s ultra-cold COVID-19 vaccine will not be at the local pharmacy any time soon
The main issue is that the vaccine, which is based on a novel technology that uses synthetic mRNA to activate the immune system against the virus, needs to be kept at minus 70 degrees Celsius (-94 F) or below.
“The cold chain is going to be one of the most challenging aspects of delivery of this vaccination,” said Amesh Adalja, senior scholar at Johns Hopkins Center for Health Security.
How Pfizer vaccine could be cold comfort for some Asian nations
That is a problem for everyone in the world, given the World Health Organization estimates about 70% of people must be inoculated to end the pandemic, and Asia alone is home to more than 4.6 billion – or three-fifths of the global population.
Some Asian countries are prioritising containing the novel coronavirus rather than looking to stockpile vaccines, while others are looking for alternatives to the messenger RNA technology used by Pfizer that requires such ultra-cold storage.
Europe charges Amazon with using its dominance and data to squeeze rivals
The regulator looked into how the company collects data on competitors that sell on its platform, offering everything from electronics and toys to food and kitchenware. It says that Amazon uses that sensitive information, which shows what is proving popular or not, to better target its own products.
Aon’s new quality of Intellectual Property Solution helps companies realize full value of their IP portfolio
“Our Quality of Intellectual Property solution and resulting report helps companies articulate and realize the full value of their IP portfolio for M&A or financing transactions,” said Lewis Lee, CEO of IP Solutions at Aon.
“With QoIP, a deal team can catalogue IP with greater precision, describe its connection to the enterprise’s revenue streams and strategy, and benchmark it against competing IP portfolios. We believe this will help sellers better position their company to the marketplace,.” he said.
SEBI proposes extending risk management committee requirement to top 1,000 listed firms
The committee should be responsible for taking measures for risk mitigation, business contingency plan as well as monitoring and overseeing implementation of the risk management policy, as per the watchdog. It should also be responsible for keeping the board informed about the nature and content of its discussions, recommendations and actions to be taken.
FM Sitharaman asks banks to ensure all accounts are linked with Aadhaar by March next year
” by March 31, 2021, every account should have a PAN where needed and where applicable, and Aadhaar in every one of your accounts,” Sitharaman said while addressing the 73rd annual general meeting of the Indian Banks’ Association (IBA).
She said banks should discourage non-digital payments and should bank on promotion of digital payments techniques and also adopt many of the UPI driven payments.
Britain hardens climate disclosures for listed companies
Still no clarity from UK to assess financial market access, says EU
With less than two months before Britain’s full access to the EU ends under post-Brexit transition arrangements on Dec. 31, London’s giant financial hub faces being largely cut off from its biggest customer.
Britain’s finance minister, Rishi Sunak, said on Monday he would not wait for Brussels to decide on UK access and would instead unilaterally allow EU financial firms to offer selected services to UK customers from January.
Much at stake as Supreme Court weighs future of ‘Obamacare’
What’s at stake has real-world consequences for just about every American, as well as the health care industry, a major source of jobs and tax revenues. Whether the Affordable Care Act stays, goes, or is significantly changed, will affect the way life is lived in the US
The argument against the law from the Trump administration and conservative states is that the 10-year-old statute was rendered unconstitutional in its entirety when Congress dialled down to zero a penalty on those remaining uninsured.
President-elect Joe Biden would build on the ACA by improving it and adding a new public health insurance option. But party liberals want a government-run system for all Americans, including the 160 million covered through employer plans.
Digital distribution capabilities ‘Critical’ to securing SME Business, says Markel
LONDON: Richie Whitt, Co-Chief Executive Officer, Markel Corporation said that investing in digital capabilities would be “critical” to re/insurers, particularly when trying to secure small to medium-sized enterprise business. “I am not...
French Court rules against Covéa and CEO Derez in unsolicited takeover bid for SCOR
COVEA and Thierry DEREZ have appealed against the ruling of the Paris Commercial Court, rendered.
According to a press release by COVEA, this ruling contains serious and multiple errors of appreciation, both in fact and in law.In addition, it disregards an essential truth: it is for the corporate interest of both SCOR and its shareholders that COVEA expressed the wish to submit a proposal for a combination between the two companies. Such project would have notably guaranteed the financial soundness of SCOR and would have promoted its development.
Crypto crime slows in 2020, but ‘DeFi’ hacks rise: CipherTrace report
Crypto crime hit $4.5 billion globally in 2019.
So far this year, losses from thefts and hacks, excluding misappropriation and fraud, grew to $468 million as of end-October, up 30% from $361 million for the whole of last year, the CipherTrace report said. About 20% of those hacks, or roughly $98 million, came from “decentralized finance” or DeFi, which are transactions on platforms that facilitate lending outside of banks.
After easing of WFH rules, India Inc continues to innovate ahead
The pandemic has been the biggest disruptor of this century and this move by the government can be a gamechanger for the IT and BPO industry, positioning India as a global outsourcing hub leading to job creation beyond the metros.
The changes will enable companies to attract talent from anywhere, reduce costs of operations while also accelerate development and use of new human resources, marketing, sales, business development and other practices to ensure high productivity.