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Centre will adopt UP’s health fair model: Mansukh Mandaviya
Union Health and Family Welfare Minister Mansukh Mandaviya ''A health fair is organised every week at every primary health and wellness centre in the state. Two and a half to three lakh poor people are treated at such fairs. We will implement this model in the whole...
Growth slowdown concentrated in advanced economies: IMF
India is estimated to account for one-sixth of global growth this year. "India is a country with growth -- very strong and continuing to be strong. It's about -- one sixth of total global growth is accounted for by India right this year, and inflation is back inside...
Tokio Marine Kiln appoints Cindy Gunawan as special risks underwriter in Asia Pacific
Gunawan's appointment is the latest for TMK Asia Pacific, as it looks to develop and expand in this region in response to growing client demand London: Leading specialist insurer, Tokio Marine Kiln (TMK), today announces the appointment of Cindy Gunawan as special...
Korean Re enhances risk analysis with Moody’s RMS Risk Models across Europe and Asia
Dr. Chun Baek, the head of Catastrophe Analytics at Korean Re, commented: “It is expected that providing wider insights into risk analysis and decision making against recent changes in natural catastrophe will be available by working with Moody's RMS models.” LONDON:...
Personal consumption,residential investments would grow slowly in FY24
Household household net financial savings (NFS) had fallen to a three-decade low of 6 per cent of the GDP in FY23E, almost half of the peak in FY21 and down from 7.5-8.0 per cent of the GDP in the pre-Covid period New Delhi: The entire theme of financialisation of...
Digital Adoption: Online platform preferred for general insurance products
"Digital adoption is no longer just a choice; it has become a necessity for businesses to thrive in today's rapidly evolving landscape. Our recent research report underscores the critical role that technology plays in driving growth, efficiency, and customer...
China’s projected population more than that of India as on July 1 this year, Centre tells Lok Sabha
"By the end of this month, India's population is expected to reach 1,425,775,850 people," Government it had said in a tweet New Delhi: The government informed the Lok Sabha on Tuesday that projected population of India on July 1 this year is less than that of China....
Nearly 30 ships stop around Ukraine’s Izmail gateway after Russian Danube strikes
Since the collapse of the grain corridor deal and the increased targeting of ports and infrastructure by Russia, war risk underwriters were “forming their own independent views and deciding what is it is they are prepared to underwrite,” David Smith, head of hull and...
Chubb seeks 49% of India’s Kotak General Insurance, has edge over Zurich -sources
Kotak General Insurance continues to have discussions with Zurich, though separate talks with private equity firm Carlyle have not worked out, the people added MUMBAI: U.S. insurer Chubb is in talks to acquire a 49% stake in India’s Kotak General Insurance and has...
WHO releases new guidance to improve testing and diagnosis of sexually transmitted infections
Several countries are increasingly reporting failures of current treatment recommendations for gonorrhoea. Of concern, the spread of a Neisseria gonorrhoea clone that is highly resistant to ceftriaxone is increasingly being reported in countries in Asia such as China,...
Biden administration pushing insurers to improve access to mental health treatment
US President Joe Biden "Despite the repeated bipartisan efforts aimed at mental health parity, insurers too often make it difficult to access mental health treatment, causing millions of consumers to seek care out-of-network at significantly higher costs and pay out...
IMF increasingly worried about ‘material’ impact of climate change on economies
IMF Chief Economist Pierre-Olivier Gourinchas said extreme weather events, including heat waves facing Europe and other regions, and this year's El Nino weather pattern, which could lead to heavy rainfall or temperatures, would affect crop yields and the ability of...
RBI plans guidance on stress testing for climate vulnerability of banks’ credit portfolio: RBI dy governor
''For this to materialise, central banks can incorporate climate-related risks into their supervisory frameworks and can contribute to the development of frameworks and standards for green finance. These frameworks can help promote transparency, standardization, and...
PMJAY results in huge out-of-pocket expenditure savings related to hospitalisations for beneficiaries: Govt
''As of July 19, 2023, 5.39 crore hospital admissions worth Rs 66,236 crore have been authorised which is a direct out-of-pocket expenditure saving,'' Baghel said in his written reply. Further, if these services would have been availed from the market, the cost would...
Asia-Pacific needs disaster warning systems to counter rising climate change risks, UN report
Countries lacking adequate early warning coverage have a disaster mortality rate that is eight times higher than countries that do have such systems in place, the U.N. estimates. And without such precautions, regional annual losses from disasters are projected to...
Man tests positive for MERS in Abu Dhabi near Oman border – WHO
Cases of MERS-CoV - which can cause fever, coughing and shortness of breath, and in some cases can lead to pneumonia - have been recorded in 27 countries since 2012, according to WHO figures. Over that time, 2,605 cases and 936 associated deaths have been reported,...
Children in food-insecure homes at higher mental health risk: Study
"The coexistence of household food insecurity and service use for mental and substance use disorders here is problematic, given that both of these conditions have each been found to have negative consequences for social, educational and developmental outcomes among...
SBI Life Q1 net profit rises 45% to Rs 381 crore
The life insurer's Value of New Business (VoNB) has declined by one per cent and stood at Rs 8.7 billion in the reporting quarter. Similarly, the company has seen its New Business Margin (VoNB Margin) falling to 28.8 per cent in Q1Fy 2023-24 from 30.4 per cent in the...