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Govt to form panel on affordable medicines, health products

by | Jan 23, 2019 |

The other members of the committee will be Chief Economic Advisor of Ministry of Finance, Secretary of Department of Health Research, NLEM Vice-Chairperson, Joint Secretary of Department of Industrial Policy and Promotion, DG of Health Services in Ministry of Health and Family Welfare.The subject experts in biomedical devises, pharmaceuticalsand biotechnology etc will be invitee members in the committee.

Weather catastrophes drive majority of $225 billion economic cost of natural perils in 2018 – Aon report

by | Jan 22, 2019 | , , , ,

Of that total, private sector and government-sponsored insurance programs covered USD90 billion of the total – the fourth-highest year on record. This means the protection gap, which is the portion of economic losses not covered by insurance, was 60 percent and at its lowest level since 2005.

HDFC Life net at Rs 913 cr, up 20 %, in Apr-Dec

by | Jan 22, 2019 | ,

Vibha Padalkar, MD & CEO said “We continue to grow faster than the industry and sustain our leadership position on profitability. Our commitment towards diversification, both in terms of product mix and distribution, has helped us withstand macro as well as regulatory headwinds. We believe that our focus on the three tenets of protection viz. mortality, morbidity and longevity, coupled with our aspiration of being the leading digital life insurer in India, will enable us to make the most of the long term growth potential of the life insurance industry.

AGCS opens reinsurance branch in India, targets EUR50 million premium over next 5 yrs

by | Jan 21, 2019 | , , ,

AGCS India Branch will initially offer facultative, proportional, and non-proportional reinsurance solutions on the following lines of business: Property, Liability, Marine, Financial Lines, Construction & Engineering, and Energy. In particular, AGCS sees opportunities in large scale construction projects under the USD 106 billion Bharatmala infrastructure development plan, as well as strong contributions from the automotive, electronics and high-tech communication industries, all of which complement AGCS’s areas of specialist expertise.

World’s oldest man dies in Japan at 113

by | Jan 20, 2019 | , ,

Japan has one of the world’s highest life expectancies and was home to several people recognised as among the oldest humans to have ever lived. They include Jiroemon Kimura, the longest-living man on record, who died soon after his 116th birthday in June 2013. The oldest verified person ever — Jeanne Louise Calment of France — died in 1997 at the age of 122, according to Guinness

A.J. Gallagher’s ‘clean coal’ business draws ire of green investors

by | Jan 19, 2019 | , , ,

Now, the Green Century Funds and Calvert Funds – which include A.J. Gallagher in their portfolios based on its record as an insurance firm, not a coal supplier – said they will review the company’s green credentials. Green Century and Calvert are two of nation’s leading money managers focused on corporate environmental, social and governance matters.