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Here is a masonry blog layout with no sidebarOdisha, Bengal brace to fight cyclone Amphan amid Covid crisis; NDRF deployed
The cyclone, according to an IMD report, has intensified into a very severe cyclonic storm over the Bay of Bengal. It is likely to make a landfall somewhere between Digha in West Bengal and Hatiya Islands in Bangladesh on Wednesday.”The trajectory is mostly towards West Bengal, Sagar Islands and probably towards Bangladesh…. But we have to watch the trajectory very closely. NDRF has deployed the teams well in advance. They are either deployed or moving towards the destination,” S N Pradhan, the chief of National Disaster Response Force (NDRF) said in New Delhi.
As it rolls in towards the Indian shores ominously, the cyclone is likely to unleash heavy rain and high-velocity winds in large swathes of coastal Odisha and West Bengal.
Maritime advisory by U.S. sanctions for ship owners,insurers
The guidelines, known as a Global Maritime Advisory, concern sanctions on Iran, North Korea and Syria. The State Department said it is committed to disrupting sanctions evasion and smuggling of goods, including oil exports from Iran, which the Trump administration imposed sanctions on soon after pulling out of the Iran nuclear deal in 2018.
Global shippers and insurers had balked at an initial outline of the advisory that the State Department previewed in March, arguing it would have disrupted international trade with legal questions.
AXA to provide medical support to customers of 5,000 Accor hotels worldwide
“AXA’s ambition is to move from a payer to a partner with its customers, notably by providing them with innovative solutions in health. This is why AXA has become over the last year a world leader in telemedicine solutions. Partnering with Accor, a worldwide leader in hospitality, is a unique opportunity to enlarge people’s access to our healthcare expertise and solutions. As we are facing an unprecedented health crisis with Covid-19, this ambition has never been more relevant, said Thomas Buberl, CEO of AXA.
Health groups ask India to rescind Gilead’s patents for COVID-19 drug remdesivir
Covid-19 could cause economic loss up to $8.8 trn, 9.7% of global GDP: ADB
The ADB’s forecast, equal to 6.4% to 9.7% of global gross domestic product, was worse than projections in April when it said the global economy could suffer between $2.0 trillion and $4.1 trillion in losses, depending on how long containment measures were in place.
Measures to contain the spread could inflict $1.7 trillion to $2.5 trillion in economic losses in Asia, and between $1.1 trillion and $1.6 trillion in China, the ADB said.
Death toll due to COVID-19 rises to 2,649; cases climb to 81,970: Health Ministry
Covid-19 Pandemic:General insurance industry prm degrows by 10 % in Apr,NIA records 7% prm growth
“It could become possible due to the company’s strong presence on digital platform. Out entire team has risen to the challnges. The loss of premiums in the motor segment was compensated by health and property segments. The premium for property risks have gone up since Apr2020,” said Atul Sahai, CMD, NIA.
NIA has also managed to grow its miscellaneous business which has compensated its loss of premiums in cargo, hull and aviation, a few segments severely impacted by the countrywide lockdown.
The overall depressive trends in the industry due to Covid -19 pandemic will continue till September 2020. Hopfully, all the segments including motor portfolio will look up, said Sahai.
Temperature checks, masks the new normal for air travel, says Dubai airport CEO
U.N. warns of global mental health crisis due to COVID-19 pandemic
The UN report outlined action points for policy-makers to aim “to reduce immense suffering among hundreds of millions of people and mitigate long-term social and economic costs to society”.
These included redressing historic under-investment in psychological services, providing “emergency mental health” via remote therapies such as tele-counselling for frontline health workers, and working proactively with people known to have depression and anxiety, and with those at high risk of domestic violence and acute impoverishment.
WeWork directors seek to preserve right to sue SoftBank over failed $3 billion tender
Lloyd’s of London to pay up to $4.3 billion in coronavirus claims
Global trade fell 3% in Q1 of 2020 due to Covid-19; may slide further: UN
Sitharaman unveils second tranche of relief for migrant workers, small farmers & poor
The Central government has also asked states to use the State Disaster Response Fund (SDRF) to set up shelters and provide food and water to the urban poor, including migrant labourers. Rs 11,000 crore was sent for this purpose, said Finance Minister Nirmala Sitharaman
National Portability Ration Cards can be used in any ration shops that will be applicable across the country. By Auguist 2020, 67 cr beneficiaries in 23 states or 83 per cent of all PDS beneficiaries will get covered. By March 2021, 100 per cent will be covered, she said.
Managing Millennial Mindset
To remain relevant, cites the Capgemini and Efma’s World Insurance Report 2020, incumbent insurers must take action, by re-evaluating their portfolios and harnessing partnerships to become ‘Inventive Insurers’. This involves shaping existing products to meet fast-evolving customer needs and preferences.
AXA’s Garance Wattez-Richard bags “Geneva Association Women in Insurance Award” for initiatives on underserved populations
Ms Wattez-Richard founded AXA’s Emerging Customers business in 2016. It now distributes insurance to 18 million customers across Asia, Africa and Latin America by engaging over 50 public- and private-sector partners in 10 countries. Among its successes, AXA protects 500,000 entrepreneurs in Egypt, 75% of whom are women, and partners with Airtel Payment Bank in India to protect 3 million customers.