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Here is a masonry blog layout with no sidebar2-day `Connected Claims Europe’ goes virtual,to be held on Aug 18-19
All insurance executives can attend the the virtual event for free for the first time..
The next generation of claims is on the horizon, as AI, machine-learning, telematics, IoT and payment solutions are paving the way for the customer experience that will give Amazon and Uber a run for their money. Now is the time to win customers hearts, build your innovation dream team and deliver the definitive digital claims experience for all. The entire industry needs to pull together or risk falling behind.
South Korea says it is battling ‘second wave’ of coronavirus
ICICI Bank divests 1.5% stake in ICICI Pru Life for Rs 840 crores
The Government of Singapore today has acquired 1.14 percent equity stake in ICICI Prudential Life Insurance Company through open market transactions on June 22.It bought 1,64,30,820 equity shares (representing 1.14 percent of the total paid up equity capital) of ICICI Prudential at Rs 391.6 per share, as per bulk deals data on the National Stock Exchange.
The ICICI Bank’s shareholding in ICICI Prudential Life Insurance Company Limited stands at approximately 51.4%
Govt warns against large-scale phishing attacks using COVID-19 as bait
‘Such emails are designed to drive recipients towards fake websites where they are deceived into downloading malicious files or entering personal and financial information,’ Indian Computer Emergency Response Team (CERT-In) said in its latest advisory dated June 19.
The advisory noted that the ‘malicious actors’ are claiming to have 2 million individual/citizen email IDs and are planning to send email with the subject line: free COVID-19 testing for all residents of Delhi, Mumbai, Hyderabad, Chennai and Ahmedabad in a bid to coax users to disclose personal information
Mukesh Ambani, Asia’s wealthiest man, joins club of world’s 10 richest
The net worth of Mukesh Ambani, chairman of Reliance Industries Ltd., has jumped to $64.5 billion, making him the only Asian tycoon in the exclusive club of the world’s top 10 richest people, according to the Bloomberg Billionaires Index. He overtook Larry Ellison of Oracle Corp. and France’s Francoise Bettencourt Meyers, the wealthiest woman, to reach the No. 9 spot.mbani, who owns 42% of Reliance, has benefited from a flurry of investment into the company’s digital unit, Jio Platforms Ltd., that Reliance said has made it net-debt free ahead of a March 2021 target. The shares of the Indian conglomerate have doubled from a low in March, just as other billionaires on the list have been hit by the impact of the coronavirus pandemic.
New quarantine norms may turn away Delhiites from getting tested: Experts
India’s COVID-19 tally crosses 4 lakh with highest single-day spike of 15,413 cases
This is the first time 15,000 Covid-19 cases were reported in a single day, 14,516 people had contracted the infection on Saturday, taking the tally to 410,461.India added 101,468 Covid-19 cases in just eight days—there were 308,993 infections on June 13.
55.48 per cent of the patients have recovered so far.
Hetero, Cipla get nod to manufacture, market antiviral drug remdesivir
The Union health ministry, in its ‘Clinical Management Protocols for COVID-19’, recommended the use of the remdesivir on patients in moderate stage of the disease that is, those on oxygen. The drug has been included as an “investigational therapy” only for restricted emergency use purposes.
It is not recommended for those with severe renal impairment and high level of liver enzymes, pregnant and lactating women, and those below 12 years, the document on ‘Clinical Management Protocols for COVID-19’ stated.
Coronavirus crisis: Centre extends Rs 50 lakh insurance cover for healthcare providers till September
The insurance cover despite being a well-publicised scheme, awareness of the same appearsto be little amongst some of State Nodal Agencies as a substantial number of some 75 claims, lodged till date are outside the purview of the policy on account of either the deceased not being a health worker or the deceased having died of other than corona related ailments, said Atul Sahay CMD, NIA.
SBI’s new mantra work-from-anywhere
On the business side, the focus of the bank in the days ahead would be on revisiting risk assessment and business procedures in addition to rapid adoption of digital technology, said State Bank of India’s annual report.
“Bank will also have to revisit its risk management framework, its internal models of risk assessment and capital planning and business procedures to better adapt to new operating environment,” the report said.
FPIs infuse Rs17,985 cr in June amid increasing liquidity, risk appetite
China bans some US hen, shuts Pepsi plant to struggle coronavirus
NGT imposes Rs 25 lakh fine on two units in Noida, says threat of irreversible damage to environment
“In view of depleting groundwater, there is a threat of irreversible damage to the acquifiers and salinity of the water. Moreover, it is leading to scarcity of drinking water, thereby depriving a section of the society from access to potable water which is already scarce. The rainwater harvesting systems have to be regularly maintained as per norms,” the bench said.
Britain says stabbing ‘atrocity’ in town park was terrorism
Insurers need to be flexible with customers following unemployment spikes,says GlobalData
“Insurers need to be flexible with their customers in order to reduce the impact of rising unemployment. Payment holidays can help for a limited time period. Insurers should also be flexible and allow their customers to adjust their level of cover to one that is more affordable for them. The development of usage-based policies and short-term, on-demand policies with lower premiums will also help insurers retain some of their customers during difficult times, said Yasha Kuruvilla, Insurance Analyst at GlobalData
Work-from-home:Best Practices
AIA receives nod for China’s first wholly foreign owned life insurance company
China removed foreign shareholding restrictions on life insurers in January to further open up the financial market
AIA Company Limited has received approval from the China Banking and Insurance Regulatory Commission to convert its Shanghai Branch into a wholly-owned subsidiary of AIA Co. This new subsidiary will be incorporated in Shanghai and is the first wholly foreign owned life insurance company approved for incorporation in Mainland China,said AIA .
AIA will now begin the application process for separate regulatory approvals to establish branches of the newly incorporated subsidiary in additional territories in Mainland China.
Coronavirus pandemic accelerating with Americas worst, warns WHO
With many nations easing restrictions but fearful of a second wave of infections, WHO emergencies expert Mike Ryan urged a gradual and scientific approach.“Exiting lockdowns must be done carefully, in a step-wise manner, and must be driven by the data,” he said. “If don’t know where it is the chances are the virus will surprise you.”