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Fewer severe natural disasters in the first half of the year; overall losses well below the average

“The most important thing is to understand the long-term developments. That is why we must continue to make every effort to understand the background to natural disasters, and provide safeguards against them in the form of intelligent prevention measures. This is borne out by statistics on flooding losses in Europe, which have generally decreased thanks to investment in flood protection and control.” Torsten Jeworrekm Munich Re Board member

“Market conditions are very tough in the Indian general reinsurance business”

Gen Re, a member of the Berkshire Hathaway,run by its famous Warren Buffet, has kicked off its operations in India after receiving the final licence from Insurance Regulatory and Development Authority of India (IRDAI).

Three of its functionaries- Winfried Heinen, Chairman of the Executive Board of Directors of General  Reinsurance AG, Rainer  Schurmann, managing director, Property & Casualty, Treaty Asia,Venkatesh N Chakravarty, chief executive officer, India, outline the reinsurer’s strategies for Indian market

Emerging sex disease MG ‘could become next superbug’

Eradication rates of MG following treatment with one family of antibiotics, called macrolides, are decreasing globally.MG can be missed – and if it is not treated correctly, it can develop resistance to antibiotics.One can get it by having unprotected sex with someone who has it. Condoms can prevent this spread.MG does not always cause symptoms and will not always need treatment, but it can be missed or mistaken for a different sexually transmitted infection, such as Chlamydia.

India Heading Towards Comprehensive Healthcare Crisis, Says Amartya Sen

Despite being one of the fastest growing economies in the world, India ranks among the poorest achievers of good health. The shortfall of India”s health achievements compared with those of, say, China or Thailand is large and has been growing larger. Even within South Asia, Bangladesh and Nepal have overtaken India in health accomplishment, including in life expectancy