Welcome to My Blog
Here is a masonry blog layout with no sidebar
IRDAI allows repatriation of 20% excess assigned capital by FRBs and Lloyd’s once in a yr
Almost 10 FRBs along with Lloyd's of London who are now operating in India for last fours years have an average capital of Rs 1000 crore and going by the new regulation after ensuring solvency ratio, the FRBs can return 20 % excess capital to their parent companies...
Govt nudges LIC to tweak product strategy for better investor return
The finance ministry in its performance review has been sensitising the LIC management about the steps that could be taken to better investor wealth and focus on non-participating products or term plans to improve profitability New Delhi: The government is nudging LIC...
Historic net-zero international flight goal agreed at UN conference
To achieve this aim, several CO2 emissions reductions measures will need to be put in place, such as the accelerated adoption of new and innovative aircraft technologies, streamlined flight operations, and the increased production and deployment of sustainable...
Re/insurers face tough issues over large potential claims From Nord Stream Pipeline Blasts
Munich Re and syndicates within the Lloyd’s of London market are among the major underwriters for Nord Stream 1 and it was unclear whether they would renew its cover If the insurance is not renewed, the prospect of the pipeline bringing gas to Europe under the Baltic...
Fungal infection list launched by WHO flags global health threat
"Emerging from the shadows of the bacterial antimicrobial resistance pandemic, fungal infections are growing, and are ever more resistant to treatments, becoming a public health concern worldwide," said Dr Hanan Balkhy, WHO Assistant Director-General for antimicrobial...
Australian health insurer says data of all customers hacked
“Our investigation has now established that this criminal has accessed all our private health insurance customers' personal data and significant amounts of their health claims data,” Medibank chief executive David Koczkar said in a statement to the Australian...
Uber drivers declared as employees by New Zealand court
The Employment Court highlighted the need to adopt a purposive approach to determining the status of the drivers, having regard to the applicable legislation and its role in protecting vulnerable workers, regulating the labour market, and ensuring the maintenance of...
Heat-related deaths in India increased by 55% from 2000-2004 to 2017-2021
Improvements in air quality will help to prevent deaths. In 2020, over 330,000 people died in India due to exposure to particulate matter from fossil fuel combustion New Delhi: Warning that health is at the mercy of fossil fuels, from 2000-2004 to 2017-2021...
Play store policies: CCI slaps Rs 936.44 cr penalty on Google for unfair business practices
This is the second major CCI ruling against Google in less than a week. On October 20, the watchdog imposed a penalty of Rs 1,337.76 crore on the company for abusing its dominant position in multiple markets in relation to Android mobile devices and ordered the...
Unilever recalls aerosol dry shampoos over cancer risk
The move once again raises questions about the safety of aerosols in personal-care products. In the past year and a half, a number of aerosol sunscreens have been pulled from shelves, such as Johnson & Johnson’s Neutrogena, Edgewell Personal Care Co.’s Banana Boat...
48 lakh Demat accounts opened in India during July-September quarter: CDSL
"Today using CDSL's services, the investors have the power to hold, operate and monitor their investments safely, from the comfort of their homes. Additionally, our services like e-AGM, e-voting, etc. empower the shareholders to connect with the companies...
Ontario Teachers’ Pension Plan remains bullish on India
Even as global economic prospects remain dim, global investors and international agencies continue to be bullish on India. In a recent interview with The Straits Times (Singapore), Ontario Teachers' Pension Plan (OTPP) president and chief executive officer Jo Taylor...
Ontario Teachers’ Pension Plan remains bullish on India
Jo Taylor, president and chief executive officer Ontario Teachers' Pension Plan OTPP is eyeing opportunities in healthcare, infrastructure and financial services in India. Also of interest are the insurance sector and technology-enabled segments, especially in the...
IRDA tightens rules for Cross Border Reinsurers(CBRs) on transacting Indian business, reduces FRB’s capital requirements to Rs 50 cr from Rs 100 cr
Capital requirements of foreign reinsurance branches(FRBs) in India reduced to Rs 50 crore from existing Rs 100 crore Every cedant has to offer best terms obtained, for participation in the following order of preference: Category 1: Indian Reinsurers, FRBs, Lloyd’s...
Fitch rates its first natural disaster clause Sovereign Bond
`On 20 October we assigned a rating of ‘B’ to Barbados’s US dollar-denominated global bonds maturing on 1 October 2029. The issue includes provisions for payments to bondholders to be deferred for up to two years in the event of a pre-defined natural disaster. This is...
IRDAI forms panel to design a women centric distribution channel and parametric cover for rural population
The committee within 21 days will also explore and recommend on how to bring about synergies in the working and operations of Bima Vahak, Bima Vistaar and the digital platform – Bima Sugam Hyderabad: As the IRDAI is taking up various regulatory reforms towards...
Foreign investors turn net sellers in India for second straight month
Tightening monetary policy in advanced economies including rising demand for dollar-denominated commodities, and strength in the US dollar had triggered a consistent outflow of funds from Indian markets. Investors typically prefer stable markets in times of high...
Uganda reports worrisome increase in Ebola cases in capital
There is no proven vaccine for the Sudan strain of Ebola that's circulating in Uganda. Ugandan officials by Thursday had documented more than 1,800 Ebola contacts, 747 of whom had completed 21 days of monitoring for possible signs of the disease that manifests as a...