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LIC ropes in A. T. Kearney to revamp its 14 lakh agency force
Siddartha Mohanty, CEO & MD, Life Insurance Corporation To continue its legacy of agency-led growth, LIC has embarked on an ambitious mission “Jeevan Samarth” that aims on future-proofing its entire ~14 Lakh agent workforce to meet the rapidly evolving needs of...
Assam flood situation deteriorates, 16.50 lakh people affected in 29 districts
Chief Minister Himanta Biswa Sarma chaired a meeting on the flood situation with all District Commissioners late on Wednesday night and directed them to be liberal in granting relief as per norms, complete all rehabilitation claims as per norms before August 15 and...
Not politics, not interest rates: India’s surging economy at risk from water
The shortages are affecting rural and urban Indians alike, disrupting agriculture and industry, stoking food inflation and risking social unrest. Contaminated water kills about 200,000 Indians each year, according to the government. People and the economy are...
Air pollution kills 33,000 every year even in ‘clean’ Indian cities: Lancet
“The significant effects we are observing even below the Indian air quality limits are alarming,” said Bhargav Krishna, fellow at the Sustainable Futures Collaborative and the study’s lead author, “suggesting that perhaps we have set our standards higher than they...
India now has over 300 Family Offices from 45 in 2018 with smaller cities in focus: Report
Family Offices have also evolved into holistic service providers, championing ESG and technology for sustainable wealth New Delhi: Driven by robust economic growth in India, the country now has over 300 Family Offices as against 45 in 2018 who are catalysing the...
Singapore Reinsurers’ Association announces new executive committee for 2024-2025,unveils its new logo
The new members of the SRA are-Cindy Foo from Berkley Insurance Company, Emma Loynes, Lloyd’s of London (Asia),Mukul Kishore, SCOR Reinsurance Asia-Pacific Pte Ltd and Victor Kuk,Swiss Re Asia Pte Ltd Singapore: The Singapore Reinsurers’ Association (SRA) in its...
Houthis intensify attacks on merchant ships, send drone boats packed with explosives into the Red Sea
Insurance industry sources said that additional war risk premiums, paid when vessels sail through the Red Sea, were quoted up to 0.7% of the value of a ship in recent days from around 1% earlier this year, adding hundreds of thousands of dollars of extra costs and the...
Your favourite pani puri may increase risk of cancer, asthma & more
“Use of an excess amount of artificial food colours and flavouring agents to make the dish look more appealing and increase palatability carries various health risks, especially in those who frequently indulge in outside food,” Edwina Raj, Head of Services - Clinical...
Poverty declines to 8.5% in 2022-24 from 21.2% in 2011-12: NCAER paper
According to the paper, during an era of economic growth, when opportunities increase, the long-term determinants of poverty may decline while accidents of life associated with natural disasters, illness and death, and changes in occupation-specific opportunities may...
Paytm launches ‘Paytm Health Saathi’ for merchant partners
At Rs 35 per month, Paytm Health Saathi offers a range of services that includes unlimited doctor teleconsultation, and in-person doctor visits (OPD) within its partner network. It also includes income protection cover in the event of business interruptions due to...
Star Health launches Home Health Care service across 50 cities
Anand Roy,Managing director and CEO ,Star Health and Allied Insurance Company Customers can access treatment for various ailments such as fever, gastroenteritis, urinary tract infections, and more via a toll-free number or the Star Health mobile application. Through...
Govt officials visit Foxconn’s Chennai plant, question executives about hiring
"We are collecting information, and have asked the company to submit documents like company policies, recruitment policies" as well as evidence of compliance with labour laws and information on maternity and retirement benefits, A. Narasaiah, the regional labour...
Vaishnaw calls for global collective efforts to deal with risks, dangers posed by AI
“The whole package… the whole AI Mission which was approved by the Cabinet a couple of months back… the team is working on setting the foundation and all seven pillars… and maybe in two-three months we will be launching this mission,” Vaishnaw said while speaking at...
Howden ventures into Japanese market with launch of Howden Re
Howden Re Japan will provide reinsurance brokerage services to life and non-life companies in addition to strategic advice leveraging data, analytics and capital markets expertise for the Japanese market. Underinsurance of seismic risk makes up the majority of Japan’s...
Sensex crosses 80,000 in record opening, banking stocks lead rally
"Higher global markets are setting up a positive open for Indian markets today. Fed Chairperson Powell's comments gave a boost to US markets with a rate cut in September and December being factored in, even though Powell did not allude to any imminent rate cut. US...
China refines financial stability law to strengthen risk prevention
The bill aims to establish a comprehensive cross-agency mechanism for risk detection and mitigation within the financial system, as the country grapples with a prolonged real estate crisis and vulnerabilities in smaller banks China’s new financial stability law draft...
Scientists wary of bird flu pandemic ‘unfolding in slow motion’
“It almost seems like a pandemic unfolding in slow motion,” said Scott Hensley, a professor of microbiology at the University of Pennsylvania. “Right now, the threat is pretty low … but that could change in a heartbeat.” Scientists tracking the spread of bird flu are...
Hathras Stampede: Death toll rises to 121 occurred at a`satsang’
"The incident happened due to overcrowding at the time when people were trying to leave the venue," Hathras district administrator Ashish Kumar told reporters HATHRAS (UP): Over 121 people died and several others were injured in a stampede at a religious congregation...