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GIC Re issues fiat for stricter underwriting and pricing to fix undercutting of Fire premium
``We are closely monitoring the evolving market dynamics and are taking all steps necessary to protect GIC Re’s interests. These measures would include enhanced risk assessment, collaboration with insurers and also prudent capacity allocation.’’ N Ramaswamy, CMD, GIC...
Bandhan Life partners with Policybazaar to launch Pension plan
Bandhan Life Insurance has partnered with Policybazaar.com to launch Bandhan Life Invest Pension - a ULIP pension plan designed to help customers build a corpus for their retirement years. Satishwar B., MD & CEO of Bandhan Life Insurance, commented, “By offering...
A top climate group for banks and asset managers is making changes
While GFANZ has grown in prominence — it now has more than 700 members — it also has become a target of US Republicans who accuse such alliances of functioning as anti fossil-fuel cartels. Such accusations have coincided with an increase in investigations and lawsuits...
Biden to permanently ban new offshore oil and gas exploration in some US coastal waters
US President Joe Biden The move is certain to complicate President-elect Donald Trump’s ambitions to drive more domestic energy production. Unlike other executive actions that can be easily undone, Biden’s planned declaration is rooted in a 72-year-old law that gives...
AI can spot patients at risk for suicide, finds study
Colin Walsh, associate professor of biomedical informatics, medicine and psychiatry at Vanderbilt University Medical Center said that most people who die by suicide have seen a health care provider in the year before their death, often for reasons unrelated to mental...
Tighter anti-spam norms in a mth; TRAI pilot soon to onboard past user consents onto digital system
TRAI is in the process of operationalising system of separate 160 series for service or transactional calls by principal entities (say banks, insurance companies or other service providers) to differentiate them from promotional calls. Currently, both types of calls...
Odisha CM declares unseasonal rain as natural calamity to provide relief to farmers
“Unseasonal rain was not on the list of natural calamities in the state. However, keeping in view the crop damage and plight of farmers, our government today declares the unseasonal rain as a natural calamity in the state to facilitate the disbursement of compensation...
AI tools like GPT-4 do not fare well in ‘conversing’ with patients study finds
"Our work reveals a striking paradox - while these AI models excel at medical board exams, they struggle with the basic back-and-forth of a doctor's visit," senior author Pranav Rajpurkar, an assistant professor of biomedical informatics at Harvard Medical School,...
AI revolutionising everything from patient care to health communication Delhi AIIMS director
"While AI can enhance precision and efficiency, we must preserve the human touch in healthcare. Compassion and technology must work together to create systems that prioritise the well-being of patients." Dr KP Kochhar, Head of the Physiology Department at AIIMS New...
Study estimates only a quarter of Indian population can access stroke facility in an hour
Ischaemic stroke is the most common, accounting for about 70-80 per cent of all strokes in India, according to a September 2024 study, published in the journal Scientific Reports Roughly a fourth of the Indian population has access to a rehabilitation centre within an...
Even before US alcohol warning, younger Americans were turning to mocktails
Public health bodies like the World Health Organization have increasingly turned their attention towards alcohol after making progress on stronger tobacco controls NEW YORK: The U.S. Surgeon General's warning of an increased risk of cancer from drinking alcohol may...
US surgeon general urges cancer warnings for alcoholic drinks
U.S. Surgeon General Vivek Murthy said alcohol consumption increases the risk of at least seven types of cancer, including breast, colon and liver cancer, but most U.S. consumers remain unaware of this. The Surgeon General's advisory said alcohol is responsible for...
No cause of concern in India over China HMPV surge, says govt
As a precautionary measure, the government said the number of laboratories testing for HMPV will be enhanced by the Indian Council of Medical Research(ICMR), and ICMR will be monitoring trends of HMPV for the entire year, said the goverment New...
Morgan Stanley to leave sector climate coalition
"These exits reveal the inadequacy of voluntary commitments and underscore the urgent need for state-level leadership and regulation," Vanessa Fajans-Turner, executive director of Environmental Advocates NY, said in a statement LONDON: Investment bank Morgan Stanley...
FIIs remain net buyers through primary market in 2024
In 2024, FIIs sold equity heavily for Rs 121,210 crore but they bought equity for Rs 121,637 crore through the primary market. Therefore, FIIs have net bought for Rs 427 crores in 2024.For the month of December, FIIs sold equity for Rs 2,590 crore through the...
DPDP rules in monsoon session of Parliament, Digital entities to get 2-yrs to comply: Vaishnaw
"We have also kept graded punishments to protect the interests of micro, small and medium enterprises. It is to save businesses who may be running their business using a single computer. However, Big Techs have higher obligations under the rules. Minor breaches will...
Consent management, localisation, parental nod for kids on social media in focus: Experts on DPDP
"We foresee that businesses will face some complex challenges in managing consent as it forms the heart of the law. Maintaining consent artefacts and offering the option to withdraw consent for specific purposes could necessitate changes at the design and architecture...
UPSDMA holds training to tackle nuclear chemical disasters at Maha Kumbh
Jointly organised by the Department of Atomic Energy, Government of India and the UPSDMA, Lucknow, the training focused on modern techniques of disaster management, quick assessment of chemical disasters, safe rescue operations and health assistance management along...