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E-pharmacies await govt regulations for the sector

by | Dec 3, 2019 | , ,

Another media report suggets, the government has issued an order to stop sale of online medicines till the draft rules for regulation of e-Pharmacies are finalised and come into force. The order issued on 28 November, 2019 by V G Somani, Drug Controller General (India), has directed all states and union territories to prohibit sale of medicines through online platforms without licenses with immediate effect.

IndiGo asks pilots to stop pushing Airbus engines to limit after shutdowns

by | Dec 3, 2019 | , ,

All the budget airline’s A320neo aircraft now use a lower thrust setting following take off, according to a spokeswoman from IndiGo, which has suffered 13 engine shutdowns during ascents this year. The decision was taken “in order to make every possible effort to minimize exposure of engines,” she wrote in an email, adding that manufacturer Pratt & Whitney stated there’s no evidence of a connection between climbing procedure and engine incidents.

SCOR issues a new contingent capital facility

by | Dec 3, 2019 | ,

Denis Kessler, Chairman & Chief Executive Officer of SCOR, comments: “Our new strategic plan “Quantum Leap” sets out ambitious profitability and solvency targets given the current financial and economic environment. This new contingent capital facility is an essential part of the active capital management policy that is at the heart of our strategy. This facility protects SCOR’s solvency, at a very low cost for our shareholders, against events such as a global pandemic or a natural catastrophe of historic proportions.”

5 risk trends company directors and officers need to watch in 2020:Allianz

by | Dec 3, 2019 | , , , , ,

:
•    “Bad news” events, impact of climate change, bankruptcies and political challenges have increasing risk implications for directors and officers (D&Os)
•    Growth of securities class actions and third party funding globally means litigation against companies and their D&Os is on the rise. US, Canada and Australia see highest activity but these trends are developing around the world
•    Profitability of D&O insurance sector impacted in recent years due to increasing competition, growth in lawsuits and rising claims frequency and severity. Further volatility anticipated

Berkshire Hathaway launched  Commercial Crime Insurance in Asia

by | Dec 2, 2019 | , , , ,

“Corporate fraud is becoming increasingly sophisticated as technology advances at an exponential pace across the globe. Companies now face new threats and are tasked with protecting both traditional and digital assets,” said Scotland Walsh-Riddle, head of Executive & Professional Lines, BHSI Asia. “Our policy is important protection for a company’s balance sheet by both insuring against losses arising from a wide range of threats and providing support to investigate the cause of a loss.”

Younger millennials and Gen Z fuelling Indian credit card business

by | Dec 1, 2019 | ,

Business is booming at the country’s second-largest card issuer. After Carlyle arrived in 2017 to replace GE Capital in the two-decade-old venture, earnings were 7.4 rupees a share in the year through March 2018. The most recent six-monthly profit topped that figure. Younger millennials and Generation Z — those born after 2000 — are driving this growth. In India’s fiscal year ended in March 2016, barely 2 per cent of credit card transactions were originated by people below 25 years of age. That number has jumped to 10 per cent. Add the 26-30 age group, and the youth share of plastic is 35 per cent, beating people over 40 by as much as eight percentage points.