Welcome to My Blog

Here is a masonry blog layout with no sidebar

UN chief criticises lack of global cooperation on COVID-19

Secretary-General Antonio Guterres said it’s important to use that fact to make countries understand that bringing them together, putting together their capacities, not only in fighting the pandemic in a coordinated way but in working together to have the treatments, testing mechanisms, the vaccines accessible to everybody, that this is the way we defeat the pandemic.

IRDAI forms panel to suggest ways to insure drone technology

Among other issues,the committee will make recommendations relating to design and development of product/s meeting the needs of RPAS owners and operators, including Third Party Liability,make recommendations relating to underwriting of such risks including the re-insurance perspective and examine any other relevant matter relating to the subject.

SoftBank-backed Lemonade plans to raise up to $286 million in IPO

The company, which started in New York in late 2016, is part of a growing number of young companies looking to shake up the insurance sector through a better use of technology.

The company says it has digitized the entire insurance process, replacing brokers and paperwork with algorithms and providing policies in as little as 90 seconds and claim payments in three minutes.

IRDAI asks insurance industry to guard against large-scale phishing attack campaign against Indian individuals and businesses

Any unusual activity or attack should be reported immediately to cert-in at incident@cert-in.org.inin the format prescribed by Cert-In  (https://www.cert-in.org.in/PDF/certinirform.pdf)under intimation to IRDAI at infosec@irdai.gov.in.

The IRDAI has further said it has been brought to the notice of the authority that a website using domain name- www.irdaionline.org.in is advertising to the general public on sale of insurance and exams conducted by IRDAI. This domain name is not authorized by the authority.

Maharashtra bans guru’s ‘spurious’ coronavirus treatment

Earlier yesterday, Ramdev had launched Coronil and Swasari as Ayurvedic cure for Covid-19, stressing that the medicines had been tested in “a clinical case study and clinical controlled trial”, which found that “69 percent patients recovered in three days and 100 % patients recovered within seven days” of the treatment.

Hours after its launch, India’s federal government asked Patanjali to provide details about Coronil, trials and sample size and asked the company to stop advertising the product until it had been approved.

CCRIF pays Guatemala $3.6 mn under its excess rainfall parametric insurance policy

CCRIF currently has 22 member governments of which three are from Central America – Nicaragua, Panama, and Guatemala. Since its inception in 2007, CCRIF has made a total of 43 payouts for 21 events (earthquakes, tropical cyclones, and excess rainfall events) to 14 member governments totalling US$155.8 million. CCRIF’s payouts are made within 14 days of an event, allowing governments to begin to address their most pressing needs and close the liquidity gap.

GIC Re’s net profit almost doubles to Rs 1197 crore in Q4 FY 2019-20,Annual gross prm exceeds Rs 51k in 2019-20

Devesh Srivastava, CMD, GIC C Re, said, “GIC Re has maintained its market standing in both domestic and foreign businesses. However, fiscal 2020 has seen the Insurance Industry register severe claims World-wide as well as in India. The explosion of the Covid-19 Pandemic has further aggravated the situation leading to an impact on the financial markets and the economy in general.”

He added that the highlight, however, has been a strong performance in the fourth quarter with a profit after tax of Rs. 1,197 crore which has offset a large proportion of the losses incurred in the three quarters of the year 2019-20.

Patanjali to launch ayurvedic drug for Covid-19, claims cure within 14 days

“We appointed a team of scientists after Covid-19 outbreak. Firstly, the simulation was done and compounds were identified which can fight the virus and stop its spread in the body. Then, we conducted a clinical case study on hundreds of positive patients and we have got 100 per cent favourable results,” Balkrishna said.

Coronavirus cases in India climb to 4,40,215, nearly 11,000 recoveries in single day

During the last 24 hours, a total of 10,994 COVID-19 patients have recovered, taking the recovery rate to around 56.38 per cent amongst coronavirus infected patients, an official said.

Of the 312 fresh fatalities reported till Tuesday morning, 113 were from Maharashtra, 58 from Delhi, 37 from Tamil Nadu, 21 from Gujarat, 19 from Uttar Pradesh, 14 from West Bengal, 9 from Haryana, seven each from Rajasthan and Telangana, six from Madhya Pradesh, five each from Andhra Pradesh and Karnataka, three from Jammu and Kashmir, two each from Bihar and Punjab and one each from Chhattisgarh, Goa, Odisha and Uttarakhand.