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“Most of the policyholders have misconceptions about health and motor policies” ICICI Lombard Survey
Sanjeev Mantri, executive director, ICICI Lombard General Insurance said, “Insurance policies tend to have a lot of complex jargon, which is difficult to understand by a layman. This is where insurance literacy comes into play. The only way to accelerate financial...
Study: Slower memory decline in older adults linked to healthy lifestyle
Memory continuously declines as people age, but evidence from existing studies is insufficient to assess the effect of a healthy lifestyle on memory in later life. A healthy lifestyle, in particular a healthy diet, is associated with slower memory decline, finds a...
China’s economic slowdown can generate ripple effects across world: Report
Observers were already talking about China falling into the middle-income trap and now, evidence has come to light that the country is finding it hard to keep its miracle of sustained higher growth rates anywhere closer to 10 per cent or more recorded during the late...
Good things happen when leaders reflect on their mistakes: Research
Researchers discovered that when leaders took the time to reflect on what they learnt from their mistakes, they displayed more humility, a quality believed to make managers more effective. "The goal should be to learn from mistakes, not just focus on what went wrong,"...
Digital currency to further bolster digital economy, says RBI official
It is non-remunerative that is it does not carry any interest like any currency, noted Choudhary, adding, "E-rupee is also expected to offer features of physical cash like safety and settlement of transactions." While referring to the launch of the pilots of CBDC in...
A Class-action wave is coming for ESG claims
The US Securities and Exchange Commission is still reviewing thousands of comments on its proposal to force publicly traded companies to disclose more about the risks they face due to a changing climate, as well as the greenhouse gas emissions in their production and...
SCOR appoints Swiss Re’s Thierry Léger as its CEO as Rousseau steps down
Thierry Léger, CEO- Designate,SCOR Léger will be responsible for drawing up a new attractive and ambitious strategic plan for SCOR, and will outline the orientations and main themes of this plan at the 2023 general meeting. His mission will be to help SCOR further...
Budget- 2023-24:FM may announce sops for middle class
Nirmala Sitharaman, Union Finance Minister The insurance industry has been pitching for a separate tax deduction provision for life insurance, tax waiver for annuity income, and higher deductions for health insurance premiums. New Delhi: The finance ministry is...
Booster dose of Covishield offers best immune response: Lancet study
According to the study, even though homologous and heterologous boosting with Covishield or Covaxin in Covishield or Covaxin primed individuals are immunogenic and safe, boosting with Covishield produced better binding and functional antibodies, irrespective of...
PhonePe envisions opportunity ahead across UPI, lending, insurance, ONDC
"I think for the mission PhonePe is on, which is solving for at-scale financial inclusion and digitization, the move to India was right. India is where we started and where we are focused on, and I think we will be here for the next couple of decades," said Nigam....
Twitter sued in Germany to force the platform to remove antisemitic content
HateAid and the European Union of Jewish Students filed the suit against Twitter to require the platform to clarify basic obligations when moderating criminal content, according to a statement on Wednesday. By filing this lawsuit, HateAid and EUJS said they’re seeking...
Qantas’ safety reputation under spotlight after spate of technical issues
The recent problems have put Australia’s largest airline under scrutiny again, months after it appeared to have resolved an embarrassing run of cancellations, delays and baggage losses. Joyce, who has forged a reputation for shredding expenses to deliver bumper...
Climate Is forcing the most risk-aware industry to reinvent Itself
Christian Mumenthaler,, group chief executive officer, Swiss Re The difficulties are forcing the insurance industry to get creative. There are three levers it can use to reduce climate risks: reduce its own emissions, force the companies it invests in to reduce their...
UK is failing to address menopausal discrimination in the workforce
The report, published in July last year, was carried out to think of solutions to help women who have struggled to manage menopausal symptoms at work. One in 10 women who worked during the menopause left a job due to their symptoms, which range from brain fog and loss...
Global insured losses from natural disasters exceed $130 Billion in 2022, second-costliest event on record: Aon
Data show that 2022 was the fifth costliest year on record for insurers, with approximately $50-55 billion of the global insured loss total resulting from Hurricane Ian in the United States - the second-costliest natural catastrophe in history from an insurance...
China says peak COVID infections exceeded 7 million daily, deaths more than 4,000 daily
However,there is great skepticism about the COVID data released by China and the World Health Organization (WHO) recently accused it of underplaying the seriousness of the pandemic by concealing the true nature of the situation in the country, the Hong Kong Post...
Research suggests woman’s risk of pregnancy loss linked to certain job hazards
Manufacturing jobs and health/social work were associated with higher risks of early abortive outcomes compared with financial and insurance jobs. In an analysis of 2010-2019 information on more than 1.8 million employed and non-employed pregnant women in South Korea,...
Altered speech may be the first sign of Parkinson’s disease: Research
According to Maskeliunas, a researcher at KTU's Department of Multimedia Engineering, as motor activity decreases, so does the function of the vocal cords, diaphragm, and lungs: "Changes in speech often occur even earlier than motor function disorders, which is why...