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Health Ministry drafts rules to help COVID-19 patients access new drugs

by | Jun 8, 2020 | , , ,

According to a gazette notification of the draft rules published on June 5, a hospital or medical institution may import new drug for “compassionate use for treatment of patients suffering from life threatening disease or disease causing serious permanent disability or disease requiring therapy for unmet medical need”, which has not been permitted in the country, but under Phase-III clinical trial (human trial) in the country or abroad, by making an application to the Central Drug Regulator.

New Zealand says coronavirus ‘eliminated’ and life can resume without restrictions

by | Jun 8, 2020 | , , ,

There were no active cases in New Zealand for the first time since the virus arrived in late February, the health ministry said. New Zealand has reported 1,154 infections and 22 deaths from the disease.

New Zealand vowed to eliminate, not just contain, the virus. This means stopping transmission for an extended period after the last known case is cleared, while being ready to quickly detect and isolate any new cases including from abroad.

Covid-19 vaccine will take minimum 1 year to be available widely:Singapore PM Lee Hsien Loong

by | Jun 8, 2020 | , , ,

Countries will also strive to become less dependent on one another, especially for essential goods and services such as food or critical medical supplies, the prime minister said.

“This will have strategic implications. Countries will have less stake in each other’s wellbeing. They will fight more over how the pie is shared, rather than work together to enlarge the pie for all. It will be a less prosperous world, and also a more troubled one. All these changes will impact Singapore greatly and mean that the next few years will be a disruptive and difficult time,” he cautioned.

AXA XL appoints Xavier Veyry as CEO Asia & Europe

by | Jun 8, 2020 | , ,

Veyry is currently Country CEO of AXA China and Chairman of AXA Tianping in China and AXA General Insurance in Korea. Over the span of his 24-year career at AXA, . Veyry has held several CEO and leadership positions around the world and has lived and worked in 12 countries across the Middle East, Asia and Europe.He will step down from his role as CEO of AXA China later this year to lead AXA XL’s Asia & Europe business from Dublin, Ireland.

Munich Re’s ERGO to acquire 24.9% stake in Chinese P/C Insurer

by | Jun 8, 2020 | , ,

China has been one of the insurer’s most important strategic markets for about 15 years, said ERGO noting that it founded its Chinese travel insurance and health service company in 2005 and in 2013 formed ERGO China Life, its life insurance joint venture with the state-owned company Shandong Asset Investment Holdings Co. Ltd. In 2019, ERGO launched the regional headquarters of ERGO China.

Eelectric Cars:Emerging risks and claims scenarios for manufacturers,suppliers and insurers

by | Jun 8, 2020 | , , ,

“From supply chain networks to production processes to the product itself – the automotive industry will have to respond to many emerging risks to make the transition to electric vehicles happen,” says Daphne Ricken, Senior Underwriter Liability at AGCS. “The anticipated growth of electric cars brings the prospect of new defect or performance issues; more expensive repair costs; new fire and cyber threats; and even reputational issues around sustainable sourcing and disposal of critical components and raw materials for batteries.”