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National Nutrition Month 2021: The power of a nutritious meal

by | Sep 7, 2021 | ,

Don’t settle on just your favorite foods but fill your plate with various colorful fruits and vegetables. Our body needs a rainbow of nutrients and colors for optimal health, and each food contains specific phytonutrients such as beta-carotene and lycopene. Research suggests that food patterns that include fruits and vegetables are associated with a reduced risk of several chronic diseases, including cardiovascular disease, and may also protect against certain types of cancer.

IUMI reports an improvement in global marine insurance market, remains cautious over a sustainable recovery

by | Sep 7, 2021 | , ,

Marine underwriting premiums for 2020 were estimated to be USD 30.0 billion which represents a 6.1% increase from 2019. Global income was split by region: Europe 47.7%, Asia/Pacific 29.3%, Latin America 9.3%, North America 7.7%, Other 6.0%.

By line of business, cargo continued to represent the largest share with 57.2% in 2020, hull 23.8%, offshore energy 12.1% and marine liability (excluding IGP&I) 6.8%.

Trinidad and Tobago receives $2.4 million parametric payout as excess rainfall claims 

by | Sep 7, 2021 | , , , ,

Due to different hazard risk profiles for each of the islands in the twin-island republic, the Government purchases two separate CCRIF policies for excess rainfall – one for Trinidad and one for Tobago. This payout is being made on the excess rainfall policy for Trinidad.

Since Trinidad and Tobago purchased coverage for excess rainfall in 2017, the country has received payouts under its excess rainfall policy each year – five payouts totalling US$12.5 million. The Government of Trinidad and Tobago also has cover for tropical cyclones (one policy for Trinidad and one for Tobago) and for earthquakes.

Biden to outline plan to curb coronavirus Delta variant as cases grow

by | Sep 7, 2021 | , , , ,

Reuters data shows that more than 20,800 people have died in the United States from COVID-19 in the past two weeks, up about 67% from the prior two-week period. Hospitalizations have grown, with seven U.S. states – Alaska, Georgia, Hawaii, Idaho, Kentucky, Tennessee and Washington – reporting records this month.
According to the U.S. Centers for Disease Control and Prevention, 62.3% of Americans have received at least one vaccine dose and 53% – 176 million people – are fully vaccinated.

India continues to “lag way behind” in COVID vaccination: Fitch

by | Sep 7, 2021 | , , ,

”The (APAC) region which was so successful in containing the virus early on, got behind the curve when it came to rollout of vaccines. Singapore really stands out now with 80 per cent of its population being vaccinated. But many countries in the region like Vietnam, Thailand and India continue to lag way behind and as a result continue to have periodic restrictions,” Schwartz said.

Aditya Birla Health Insurance looks to break even in next fiscal year on strong growth trajectory

by | Sep 7, 2021 | ,

“Good thing is that from the regulatory perspective, there have been a lot of enablers. However, there are challenges in terms of the initial impact of COVID-19 cases as the claims have been high,” ABHICL Chief Executive Officer Mayank Bathwal.

The company”s unique and differentiated health-first business model, such as 100 per cent return of premium, is contributing to more than 50 per cent of retail health new business, he said.

Major U.S. insurers jump on distribution platforms to gain customers, sales

by | Sep 7, 2021 | , ,

The powerful new platforms, including Semsee, bolttech, Bold Penguin and Uncharted, pull data from many carriers, allowing agents to see multiple quotes for policies, much the way travel agents see competing air fares.

Chubb Ltd, Travelers Companies Inc  and Liberty Mutual have signed on recently as have agencies that also sell policies, executives said.The growth of digital distribution represents a shift in how insurers compete in markets for auto and homeowner coverage as well as business and commercial lines worth hundreds of billions of dollars annually, experts said.

Carriers also benefit from being able to meet more of a customer’s needs, even if they are not selling their own policy.

Cos can incorporate rewards, incentives to achieve ESG goals

by | Sep 6, 2021 | , , , , ,

According to Willis Towers Watson’s Global Executive Compensation Trends, ESG has become a critical business consideration, impacting companies’ cost of, and access to, capital. ESG goals and outcomes directly impact the company’s reputation with the public and employees, and often play a role in attracting and retaining a new generation of talent.

Companies with strong ESG practices have been found to deliver more sustainable returns, including higher levels of value creation and risk mitigation.

Govt issues SOPs for police officers to seek prior approval before probing corrupt public servants

by | Sep 6, 2021 | ,

An amendment carried out in the over 30-year-old Prevention of Corruption (PC) Act, 1988 in July 2018 bars a police officer from conducting any enquiry or inquiry or investigation into any offence alleged to have been committed by a public servant without the previous approval of the authorities.
The SOPs have been shared with the director of the Central Bureau of Investigation (CBI) with the request that all field units may kindly be apprised of these SOPs for strict compliance , and also with the Central Vigilance Commission (CVC).