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Here is a masonry blog layout with no sidebar1 mn cloud computing jobs to be created by 2022 in India: Report
rapid growth of cloud-native services and increasing acceptance of cloud-based environments as secure coupled with a need to save costs are driving companies away from traditional data centres (DCs) to cloud environments.In India, IT giants are now building solutions on the cloud rather than on physical infrastructure due to increased flexibility, scalability and speed.
IDBI bank yet to take call on exiting IDBI Federal Life Insurance
“We started the sale process in the insurance joint venture, but then the LIC deal occurred. The sale process is on hold now. We will take a decision on IDBI Federal Life Insurance in consultation with LIC once it completes its investment,” said Rakesh Sharma, Chief Executive Officer and Managing Director of IDBI Bank, in its post-results press conference.
FPIs pull out $900 mn from Indian market on widening CAD in Sept quarter
Bharti Axa Life new biz premium jumps 52% to Rs 398 cr in H1
IndiGo plane tilts mid-air, airline denies engine issue; probe ordered
Global assessment shows hundreds of species face extinction without immediate action
“We now recognise 853 AZE sites – far more of these last refuges for species than previously known. In order to save any species, the number one priority is to protect their habitats, but 43 per cent of these sites lack any formal protection whatsoever” said Dr Ian Burfield, Global Science Coordinator at BirdLife International and lead coordinator of the new AZE site assessment.
UN collaborates with global insurers to tackle climate change impacts
The pilot group will develop analytical tools that they will use to pioneer insurance industry climate risk disclosures that are in line with the recommendations of the Financial Stability Board’s Task Force on Climate-related Financial Disclosures (TCFD). This will require them to make use of the latest climate science, including some of the most advanced, forward-looking climate scenarios available.
Half of India’s ATMs may close down by March 2019, warns Industry body
Apollo Hospitals, a $2 bn health empire, makes a comeback
Health-care is becoming one of India’s largest businesses, with the size of the hospital industry projected to more than double to $133 billion over the next four years, according to the government’s India Brand Equity Foundation. Most patients pay health costs out of pocket, but incomes are rising and the insurance industry is developing. More Indians could be insured over the coming decades as Prime Minister Narendra Modi’s government expands a new initiative to provide health insurance for the poorer half of the country’s population.
Nation needs a break: Indians feel most vacation-deprived in the world
Vacation deprivation is on the rise, and 75 per cent of Indian feel vacation deprived which is the highest in the world followed by South Korea (72 per cent) and Hong Kong (69 per cent), according to the annual Expedia 2018 Vacation Deprivation Report.Indian workers also do not take all vacation days and rank five to leave their vacations unused after Japan, Italy, Australia, New Zealand.
Indians work hardest, happy with working 5 days a week, says study
Mexico was the second-highest at 43 per cent of workers, followed by the US at 27 per cent, according to the culture study survey by US-based multi-national workforce management firm Kronos Incorporated.The UK (16 per cent), France (17 per cent) and Australia (19 per cent) are the least content with the standard five-day workweek, it added.
SCOR announces the creation of SCOR Europe SE
With effect from January 1, 2019, SCOR Europe SE, a 100%-owned subsidiary of SCOR SE, will underwrite all new and renewed business relating to risks located in the EEA that can no longer be accepted by SCOR UK Company Ltd. after the Brexit date. SCOR Europe SE will also take over all commitments from policies previously issued by SCOR UK Company Ltd. if the latter can no longer honor these following Brexit, the terms of which remain uncertain at this stage.
China moves closer to allowing foreigners to control insurance ventures: sources
RMS estimates insured losses from California wildfires to be between $9 Bn and $13 Bn
Mohsen Rahnama, Chief Risk Modeling Officer, RMS, said: “Wildfire is now a major catastrophe risk that must be rigorously managed with the best data and model science. With increasing exposure due to properties near wildland areas and ongoing climate variability, insurers, policymakers, and homeowners must adapt to the prospect of more frequent and severe wildfires.”
Asia led by China and India will drive global insurance growth:Swiss Re
According to latest data from different sources, this sigma estimates that the global re/insurance sector has total assets under management of about USD 30 trillion – roughly three times the size of China’s economy. This large asset base should be fully mobilised as risk absorber. Further, the report newly estimates that the global mortality and property protection gap currently stands at USD 500 billion in premium-equivalent terms. The gap represents the still elevated vulnerability to adverse events for many households and businesses across the world, and the very large opportunity for insurers to further contribute to improving resilience.
Important to address concerns quickly in cyber era, Nestle CEO on Maggi crisis learning
Maggi was banned by the Food Safety and Standards Authority of India (FSSAI) in June 2015 for five months for allegedly containing lead beyond permissible limits, forcing Nestle India to withdraw the product from the market. Following legal battles, the popular noodles brand was back in the market in November 2015.
Aon launches cover for intangible assets
Non-Damage Business Interruption policies protect companies’ revenues against business interruption costs that result from an event where there is no physical damage. For an increasing number of firms, physical damage is a lesser risk priority than risks related to income streams and cash flows, such as a terrorist threat, a cyber attack, or unseasonal weather.
GI Council reconstituted, IRDA nominates four new members
As the new nominated members by the IRDAI, former additional chief secretary, Andhra Pradesh, C R Biswal has been inducted in the council as the eminent person not connected with insurance.The other nominated members of the council are Vikram Jit Singh Chhatwal¸ whole time director, Medi Assist Insurance TPA as the TPA representative, Saumil Dilip Mehta, director, Mehta & Padamsey Insurance Surveyors & Loss Assessors Pvt as the Surveyors & Loss Assessors representative, V V Venkatasubramanian as the policyholders representative and Y Ramanand Rao as the agents’ representative