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Here is a masonry blog layout with no sidebarHannover Re anticipates significant price increases in property and casualty reinsurance
Hannover Re is looking ahead with optimism to the upcoming renewals as at 1 January 2021 and 1 April 2021 in the Asia-Pacific markets, even though price movements will likely vary from region to region depending on the burden of losses. The impacts of the Covid-19 pandemic must be kept in mind here as an element of uncertainty.
Hannover Re has launched a strategic initiative intended to maximise even more intensively the growth potential offered by its business in the APAC region.
Business in the area of structured reinsurance continues to develop in line with expectations in the current year. Going forward, too, Hannover Re expects to see further growth in demand for innovative and tailor-made reinsurance solutions.
S&P expects India’s economy to contract 9% in fiscal 2021
Indian government to infuse $2.72 billion in state-run banks
Same sex marriages not recognised by our laws society and our values Centre to HC
The submission was made before a bench of Chief Justice D N Patel and Justice Prateek Jalan by Solicitor General (SG) Tushar Mehta during hearing of a PIL seeking a declaration that same sex marriages be recognised under the Hindu Marriage Act (HMA) and Special Marriage Act.
He said the plea to grant recognition to or permit registration of such marriages was “not permissible” for two reasons — firstly, the petition was asking the court to legislate and secondly, any relief granted “would run contrary to various statutory provisions”.
Yoga, AYUSH herbs, nutritious diet: Health Ministry issues new protocol for recovered patients
The ministry acknowledged it has been observed that after acute COVID-19 illness, recovered patients may continue to report wide variety of signs and symptoms, including fatigue, body ache, cough, sore throat and difficulty in breathing, saying the recovery period is likely to be longer for patients who suffered from more severe form of the disease and those with pre-existing illness.
A holistic approach is required for follow-up care, says the protocol which is not to be used as a preventive or curative therapy.
Slovenian woman sentenced for cutting off her hand for insurance payout
Prosecutors said that days before the incident, Adlesic’s partner searched for information on the internet about how artificial hands work. They claimed that this was another proof that it was done deliberately.During the trial, the woman claimed innocence, saying she would never have cut off her hand deliberately.
End of combustion engine moves closer with EU climate plan
Under a new climate target for 2030, European automakers would need to embrace tougher pollution standards, with new rules that could retire combustion engines to science museums. Energy will grow increasingly cleaner, with an additional 350 billion euros ($415 billion) per year required for investment in production and infrastructure. And to help cut greenhouse gases in agriculture, Europeans would be encouraged to eat less meat.
“Reimagine insurance:Five keys to innovation”:McKinsey
Insurers around the world have scrambled to weather the sudden disruption brought on by COVID-19. Many were able to quickly adapt to their new reality, from transitioning to remote-working arrangements to embracing digital technologies for customer engagement. Such sweeping change—for example, several years of digital acceleration accomplished in a matter of months—has the benefit of freeing organizations to embrace new ways of working. Leaders should not miss their chance to push even further for innovation and pursue bold strategies.
‘Developing Asia’ to shrink for first time in nearly six decades: ADB
“Most economies in the Asia and Pacific region can expect difficult growth path for the rest of 2020,” ADB Chief Economist Yasuyuki Sawada said in a statement.
“The economic threat posed by the COVID-19 pandemic remains potent, as extended first waves or recurring outbreaks could prompt further containment measures,” Sawada said.
COVID-19 has set global health progress back decades – Gates Foundation
“After 20 consecutive years of declines in extreme poverty, we’ve now seen a reversal,” said Mark Suzman, chief executive of the Gates Foundation, in an interview with Reuters. “We’ve had nearly 40 million people thrown back into extreme poverty. That’s well over a million a week since the virus hit.”
The report cited International Monetary Fund projections that, despite the $18 trillion dollars already spent on trying to stimulate economies around the world, the global economy will lose $12 trillion or more by the end of 2021 – the biggest global GDP loss since the end of World War Two.
China coronavirus vaccine may be ready for public in November: official
A unit of state pharmaceutical giant China National Pharmaceutical Group (Sinopharm) and U.S.-listed Sinovac Biotech SVA.O are developing the three vaccines under the state’s emergency use programme. A fourth COVID-19 vaccine being developed by CanSino Biologics 6185.HK was approved for use by the Chinese military in June.
Funds and firms call for tougher 2030 EU climate target
In a separate letter, 127 business leaders and 30 investors, some of whom are in the IIGCC, also backed an emissions-cutting target of “at least 55%” by 2030.This would help ensure Europe’s economic recovery from the coronavirus pandemic is driven by green growth, said the companies, which include Unilever, Google, EDF, Deutsche Bank and H&M.
The EU expects a 55% 2030 emissions-cutting goal to require additional energy investments of 350 billion euros ($415 billion) a year from 2021 to 2030, compared with the previous decade.
India’s tally of coronavirus infections nears 5 million
The death toll crossed 80,000 on Tuesday, swelled by 1, 054 in the last 24 hours, the ministry added.
There are 9,90,061 active cases of the coronavirus disease (COVID-19), comprising 20.08 per cent of the total 49,30,236 cases, it said.
According to the Indian Council of Medical Research, 5.83 crore tests have been conducted so far and 10.73 lakh samples were tested on Monday.
With airline fleets grounded, plane recyclers bet on parts boom
In 2020, Naveo expects 2,000 aircraft will be retired, or parked and not returned to service, up from 680 in 2019. But those planes would not all be immediately dismantled, as some carriers wait in case market conditions improve, Managing Director Richard Brown says.
Indeed, UK-based Air Salvage International, which normally dismantles between 40 and 50 aircraft a year, has parked more planes without a buyer for their parts since the COVID-19 outbreak. Founder Mark Gregory expects most will eventually be dismantled.
COVID-19: 58% of recovered cases coming from five states
India’s COVID-19 tally of cases mounted to 47,54,356 with 94,372 new infections being reported in a day, while the death toll climbed to 78,586 with 1,114 people succumbing to the infection in a span of 24 hours, the data updated at 8 am showed.
1,114 COVID-19 fatalities have been registered in a span of 24 hours. Maharashtra has reported the maximum number of 391 deaths followed by Karnataka with 94 deaths, whereas Tamil Nadu has reported 76 deaths.
Flyers can take videos in flights but can’t use recording gadgets: DGCA
New Delhi: Aviation regulator DGCA "clarified" on Sunday passengers can take photos and videos inside flights but can't use any recording equipment that creates chaos, disrupts flight operations, violates safety norms or is banned by the crew...
Sweden’s record-breaking cashlessness may not be good news
It wasn’t always obvious that cashlessness could become a risk. Moving to digital transactions comes with plenty of benefits, including the kind of transparency that makes things like money laundering and tax evasion much harder to do. But Sweden seems to have crossed a crucial tipping point. If there’s no cash at all to fall back on, what happens if digital networks fail? And what about cyberattacks? Such events can do a lot more damage than old-fashioned bank robberies.
Covid treatment accounted for only 11% of health insurance claims in Apr-Aug: Study
The COVID-19 scare, it said, “has triggered everyone to prioritise health insurance like never before not only for protection against a pandemic but also against any bigger events or illnesses like lifestyle disease which will stay here forever.”
As regards the cost of treatment, the insurance aggregator said COVID-19 treatment may cost more than ₹10 lakh in case of prolonged hospitalisation.
A comprehensive health insurance policy with ₹10 lakh sum insured for a 32-year-old individual costs anywhere between ₹7,000–9,000 annually, it said.