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Aon and Guy Carpenter partner with The Institutes RiskStream, to streamline the reinsurance placement process

“Distributed ledger technology has the potential to decrease costs, simplify processes and increase data security across all areas of risk management, and reinsurance, in particular, stands to benefit significantly from this technology,” said Christopher McDaniel, President of The Institutes RiskStream Collaborative. “The best solution for the market and for reinsurance buyers is to build a successful solution alongside brokers, reinsurers and carriers. Each has a vital role to play and DLT can provide efficiencies to all participants.”

Bajaj Allianz General reports a net profit of Rs 780 crore in 2019-20

Tapan Singhel, MD & CEO, Bajaj Allianz General Insurance said that, “In a year which saw the industry combined ratio deteriorate from 113 per cent to over 120 per cent  and where the growth dropped from 17 per cent to about 12 per cent Bajaj Allianz General Insurance witnessed a growth of 17 per cent which is over the market and a combined ratio which is below 100 per cent.”

Adopting a healthy lifestyle helps reduce the risk of dementia

Dementia is a rapidly growing public health problem affecting around 50 million people globally. There are nearly 10 million new cases every year. Dementia is a major cause of disability and dependency among older people. Additionally, the disease inflicts a heavy economic burden on societies as a whole, with the costs of caring for people with dementia estimated to rise to US$ 2 trillion annually by 2030.