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Aditya Birla Capital mulls selling its insurance brokerage unit
The publicly-traded company has held talks with potential buyers about a sale of Aditya Birla Insurance Brokers Ltd. as it failed to scale up the 19-year-old business, the people said, asking not to be identified as the information is not public. Mumbai: Aditya Birla...
Key risk trends in 2023:Potential Recession, Cyber and ESG
Plunging growth rates, surging inflation, the energy crisis, continuing stock market volatility and ongoing supply chain issues are monitored closely by D&O underwriters as they could cause liquidity and profitability squeezes in many sectors and fuel rising...
Extreme weather linked to cardiovascular deaths: Research
"One in every 100 cardiovascular deaths may be attributed to extreme temperature days, and temperature effects were more pronounced when looking at heart failure deaths," said Haitham Khraishah, M.D., co-author of the study and a cardiovascular disease fellow at the...
UK plans to repeal EU-era Solvency II rules to allow insurers to invest in UK infrastructure
The changes are a far cry from the dramatic reforms in the 1980s that made London a global financial center and the far-reaching changes mooted when Liz Truss was prime minister London: The UK set out a package of financial services reforms that cuts across dozens of...
Hong Kong billionaire Richard Li weighing investing $200 million in FWD Group Holdings
An investment would help support the insurer’s growth plans ahead of a long-awaited Hong Kong initial public offering, which could take place as soon as 2023, the people said. Other investors have also shown early interest in a fundraising for FWD ahead of its...
No proposal for restoration of old pension scheme Karad
"The state governments of Rajasthan, Chhattisgarh, and Jharkhand, have sent proposals to the central government/PFRDA to return the accumulated corpus of subscribers under NPS to respective state governments. No such proposal has been received from the state...
‘Please protect yourself’: China wrestles with COVID surge
China's controls kept its infection rate low but crushed already weak economic growth and prompted complaints about the rising human cost. The official death toll is 5,235, compared with 1.1 million for the United States. China's official total case count of 363,072...
Hospitalisations signal rising COVID-19 risk for US seniors
One troubling indicator for seniors: Hospitalisations for people with COVID-19 rose by more than 30% in two weeks. Much of the increase is driven by older people and those with existing health problems, said Dr. Rochelle Walensky, director of the Centers for Disease...
With Munich Re support African Risk Capacity launches parametric cover against epidemic risks
ARC( African Risk Capacity) Group and its partners finalized the development of the cover, which will provide parametric insurance to African Union (AU) member states for three selected pathogens responsible for Ebola virus disease, Marburg virus disease, and...
RBI shortlists 7 global consultancy firms to use AI, ML to improve regulatory supervision
On the data collection side, AI and ML technologies are used for real-time data reporting, effective data management and dissemination For data analytics, these are being used for monitoring supervised firm-specific risks, including liquidity risks, market risks,...
Turkey oil tanker logjam snarls Russia oil sanctions
Ankara has declined to scrap a new insurance inspection rule it implemented at the beginning of the month despite days of pressure from Western officials Turkey emerged as a critical stumbling block to a complex international plan to deprive Russia of wartime oil...
Vaccine’s benefits far outweigh risks associated with Long Covid
Based on data collected during the first two Covid waves from participants in the UK Biobank study, the research report published in the journal Heart, states that in the case of patients who were hospitalised, there has been a 118 times rise in the number of deaths....
iia,Indians report unexpected rise in heart attacks, says survey
Researchers estimate that over 200 million people worldwide may currently be having long Covid conditions, where they are experiencing myocarditis, pericarditis, brain fog or memory issues, sleep apnea, fatigue, joint pain, and other health conditions As more and more...
Canada prepares to expand assisted death amid debate
Starting in March, people whose sole underlying condition is mental illness will be able to access assisted death. Mental illness was excluded when the most recent medical assistance in dying (MAiD) law was passed in 2021 More than 30,000 Canadians have died with...
Publicise crowdfunding platform for rare diseases, says Delhi High Court
Justice Prathiba M Singh, while dealing with a batch of petitions for treatment of children suffering from rare diseases, said although the platform became operational pursuant to an order passed by the court in 2021, it needed to be publicised to attract funding from...
Vax efficacy waning as more vaccinated people now die from COVID-19
Deaths among vaccinated people is increasing due to waning efficacy of Covid vaccines and “increasingly contagious strains of the virus being spread to elderly and immunocompromised people” among those who have taken at least one vaccine New Delhi: The Covid virus has...
What could precipitate heart attacks in the young? Experts give reasons
''People who smoke, have a sedentary lifestyle, are morbidly obese, have poorly controlled blood pressure or diabetes or have high cholesterol levels are prone to develop such conditions,'' says Dr Nitish Naik, professor, Department of Cardiology, All India Institute...
PM Modi to lay foundation stone for National Institute for One Health in Nagpur today
Prime Minister Narendra Modi With increased interaction between humans and animals -- domestic and wild, and influenced by climate change, human health can no longer be seen in isolation. More than half of all infections that people get can be spread by animals. In...