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Here is a masonry blog layout with no sidebarCorona Kavach health insurance policy evokes good response: Insurers
“The response has been tremendous as people are quite eager to buy these plans. Since these plans have gone live on the PolicyBazaar’s website, the company has been selling 300-500 policies per day,” said Amut Chhabra, Head-Health Insurance, Policybazaar.com.
Most customers buying these plans are young individuals, he said, adding that “the policies are very much affordable like Rs 208 monthly, which is a fairly cheap amount.” Observing that the response to the Corona Kavach is from across the country, he said, the policy is “following the same trend as the corona situation right now in the country with people from Maharashtra, Tamil Nadu, Karnataka, Delhi NCR showing massive interest in the newly launched plans”.
India plans to reduce number of state-owned banks to just five: sources
First human trial of AstraZeneca COVID-19 vaccine shows promise
Floods kill scores in India’s tea-growing Assam; nine rhinos drown
Verisk launches Life Risk Navigator Software Platform
“As the life insurance industry undergoes a digital transformation, the demand for modern analytics platforms has grown significantly,.Life Risk Navigator brings together a robust modeling suite and allows organizations to streamline their pricing, ERM, and portfolio optimization workflows into a single platform.”” said Maroun Mourad, president, global underwriting at Verisk. “
Munich Re’s Covid-19 reinsurance losses at €700m in Q2
The largest share of these losses is attributable to cover for major events,with a lower impact reported in life and health business as well as other lines of property-casualty insurance, including business interruption. At this time, Munich Re perceives considerable ongoing uncertainty with respect to the macroeconomic development and the financial impact of COVID-19, and does not expect that uncertainty will subside between now and early 2021
“Allow the merger of 3 PSU general insurers”:Officers’association urges Sitharaman
The proposed mega company,would have faced the the challenges posed by the private companies,who are indulging in unhealthy trade practices.The competitors – particularly from the private sector,had launched vilified campaign of ‘possible short-comings’ in the services rendered by these PSGI companies on account of proposed merger so as to en-cash the situation for expanding their market, said Confederation
Insurance software firm Majesco acquired by PE outfit Thoma Bravo for $594M
“We are extremely excited to partner with Thoma Bravo,a firm with an established track record of working with companies transitioning to the cloud.This transaction delivers significant cash value to our stockholders.Moreover, the added flexibility we will have as a private company, combined with the benefit of Thoma Bravo’s knowledge and domain expertise, can allow us to more effectively focus on our long-term investment and growth objectives, to the benefit of our employees, customers and partners.We are in alignment with Thoma Bravo on our strategic vision to help global insurers transition to the cloud,” Majesco CEO Adam Elster said
Swiss Re’s digital insurance platform iptiQ gets a new CEO
In his new role at iptiQ, Carlo Bewersdorf will be focused on driving Swiss Re’s ambition to protect more people and their families by making insurance more accessible and engaging. He will seek to further develop a business model based on forging strong partnerships to sell insurance via trusted brands. At the heart of this effort is the drive to dovetail Swiss Re’s expertise with the smart use of data and technology to create no-fuss, scalable digital insurance solutions.
China raises equity investment cap for insurers to 45%
Aditya Puri highest paid banker for FY20 with Rs18.92cr in remuneration
Policybazaar to raise $150 million in third quarter
Growth over the last year is between 70 per cent and 100 per cent depending on insurance product, he said, adding, “this year we should be profitable. We were profitable in FY18, while FY19 and FY20 we were not quite profitable. So this (growth in business) will help us to become profitable from this year onwards.”
Covid-19 spread may spike in monsoon with fall in mercury: IIT-AIIMS study
India received 6% more rainfall than normal so far this monsoon, says IMD
COVID crisis: Survey says 55.1% households had only two meals a day
“Women and children are usually the worst affected in any disaster. The COVID-19 crisis is proving to be no different. It is causing cascading damage to poor and vulnerable children — through stretched health services, inadequate medical supplies, higher risk of violence & exploitation, minimal access to education and lower intake of nutritious food stemming from the severe drop in income levels in families,” said Cherian Thomas, Regional Leader, World Vision International, South Asia and Pacific region.
FPIs pull out Rs 9,015 cr in July so far, remain net sellers in Indian mkts
Himanshu Srivastava, associate director – manager research, Morningstar India said “The surge in markets has been providing profit booking opportunities to them. In addition to that, many states have also been implementing fresh lockdown measure to curb rising coronavirus cases, thus fanning concerns that growth in the domestic economy could be pushed further ahead.”
India’s COVID-19 tally climbs to10,77,618,recoveries stand at 6,77,422
Ensure ban on petcoke,furnace oil; use cleaner fuels,NGT directs CPCB
The tribunal was hearing pleas filed by Sumit Kumar and Amarjeet Kumar seeking a ban on the use of all forms of petcoke, as it emits fine particulate matter (PM) which is harmful to human health.
According to the plea, the objection to the use of petcoke and furnace oil, which has already been banned in certain states, is causing of huge emission of sulphur dioxide and other pollutants.