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Here is a masonry blog layout with no sidebarInvestors with $4 trln assets aim to tackle Asian firms on climate change goals
The six investors include BMO Global Asset Management EMEA, Fidelity International, Dutch pension fund PGGM, Britain-based Local Authority Pension Fund Forum, Aviva Investors and Legal & General Investment Management.
Initial engagement will focus on carbon risk and coal at banks and coal-exposed power companies, the group of investors, facilitated by Singapore-based advisor Asia Research & Engagement (ARE), said in a statement.
The move comes as investors become more active in the field of environmental, social and corporate (ESG) governance, helping to shape firms’ climate commitments to better manage that risk for their clients. ESG-related steps they have taken include backing activist shareholder resolutions and voting on board members and remuneration.
McKinsey Report: Asia-Pacific digital banking accelerating, led by emerging markets
McKinsey concluded that, “To deliver on this report’s calls to action, banks need to make fundamental changes in how they operate. They also need to build the capabilities required for an AI-powered digital-first business model, including a new sales and service model, modern operations and technology, and an agile operating model. Any bank that intends to remain relevant and thrive must become an innovation leader.”
PM Modi launches National Digital Mission to ensure health IDs for all
The key components of the Ayushman Bharat Digital Mission include a health ID for every citizen that will also work as their health account, to which personal health records can be linked and viewed with the help of a mobile application, a Healthcare Professionals Registry (HPR) and Healthcare Facilities Registries (HFR) that will act as a repository of all healthcare providers across both modern and traditional systems of medicine.
This will ensure ease of doing business for doctors and hospitals and healthcare service providers.
Covid caused biggest decrease in life expectancy since World War II: Study
The research team assembled an unprecedented dataset on mortality from 29 countries, spanning most of Europe, the US and Chile — countries for which official death registrations for 2020 had been published.
It took on average 5.6 years for these countries to achieve a one-year increase in life expectancy recently, while the progress was wiped out over the course of 2020 by Covid-19, they said.
The largest declines in life expectancy were observed among males in the US, who saw a decline of 2.2 years relative to 2019 levels, followed by Lithuanian males (1.7 years), they said.
FM Sitharaman to launch 3-day Global FinTech Fest on Sept 28
Senior policy makers addressing the Fest are R S Sharma, CEO, National Health Authority, Ministry of Health & Family Welfare; Shri Ajay Prakash Sawhney, Secretary, Ministry of Electronics and Information Technology; Dr Krishnamurthy V Subramanian, Chief Economic Advisor, Ministry of Finance,T Rabi Sankar, Deputy Governor, Reserve Bank of India; G Mahalingam, Whole Time Member, Securities and Exchange Board of India; Lord Mayor William Russell; City of London and Saurabh Garg, CEO, Unique Identification Authority of India.
Among the international regulatory and institutional speakers are: Tobias Adrian, Financial Counsellor and Director Monetary and Capital Markets Department, International Monetary Fund; Sopnendu Mohanty, Chief Fintech Officer, Monetary Authority of Singapore; Dr Oliver Prill, CEO, Tide; Preeti Sinha, Executive Secretary, United Nations Capital Development Fund.
India reports 26,041 new COVID-19 cases
At least 73 percent of Odisha’s population and over 93 percent of health workers have developed antibodies against SARS-CoV2, according to a recent serosurvey conducted by the Indian Council of Medical Research (ICMR).
The survey was conducted in 12 of the state’s 30 districts between August 29 and September 15 by experts of ICMR’s Regional Medical Research (ICMR), Bhubaneswar with help of the Health and Family Welfare Department of the Odisha government.
ICICI Gen sees fall in claims for heart ailments
According to the claims data of ICICI Lombard General Insurance ,females are seeing a sharper decline in the trend with 63.79% as compared to men with only 62.4%, in the year 2021-22 so far, as compared to 2019-20
All cities showcase a downward trend of claims arising from heart ailments. Mumbai has the highest number of claims for cardiovascular ailments in India, followed closely by National Capital Region NCR,
UN development arm launches disaster insurance programme
The facility will also have funding from other sources, including the UNDP itself, a spokesperson said. The UNDP is aiming to help create insurance protection from socio-economic, climate and health-related disasters in more than 50 developing countries by 2025, it said.
“Insurance and risk-finance products, tools and services can secure our critical infrastructure, protect our agriculture and businesses, and preserve critical ecosystems that make life on earth possible,” said UNDP Administrator Achim Steiner.
LIC inks ‘Print to Post’ agreement with Postal department
AXA XL appoints Head of Climate to accelerate sustainability efforts
“As a signatory of the UN Principles for Sustainable Insurance, AXA XL is committed to taking a leading role in working with our clients and business partners to raise awareness of climate issues, manage risk and develop solutions to create a more sustainable society.Andy’s expertise and knowledge of our business will allow us to further advance our understanding and response to climate change by ensuring we continue to understand how the climate is evolving and how this impacts our overall strategy. Andy is charged with embedding our climate strategy across AXA XL from underwriting to claims, to risk and operations ensuring that we meet our climate leadership ambitions,” said Scott Gunter, CEO of AXA XL
Amazon to start offering insurance to UK businesses: Broker
Members of Amazon’s Business Prime program will be able to buy cover from Superscript such as contents insurance, cyber insurance and professional indemnity insurance, which a Superscript spokesperson said would be underwritten by “major UK insurers.” They will be offered a discount of 20% to current rates as a way of enticing businesses over to them.
Gulab impact: Heavy crop damages reported in Andhra Pradesh
“An ex gratia of Rs 5 lakhs to the families of the deceased and Rs 1,000 should be given to each family while returning home from relief camps,” said Andhra Pradesh Chief Minister YS Jagan Mohan Reddy.
Agricultural and horticultural crops in over 1.63 lakh acres suffered damaged due to the heavy downpour in Srikakulam, Vizianagaram, Visakhapatnam, East Godavari, West Godavari and Krishna districts, Agriculture Minister K Kanna Babu said while citing preliminary estimates.
Intermittent fasting helpful in managing chronic diseases: Study
According to the study eating daily calories within a consistent window of 8-10 hours is a powerful strategy to prevent and manage chronic diseases such as diabetes and heart disease.Time-restricted eating is a type of intermittent fasting that limits your food intake to a certain number of hours each day.
Women are more burnt out and considering quitting in US: McKinsey
In the last five years, women’s representation has increased at all levels, the report found. Women hold nearly 50% of all entry level jobs and around a quarter of C-suite roles, each up a few percentage points from 2016.
“Our concerns are the impact of pandemic burnout on women long-term, and what companies need to do in response,” said Rachel Thomas, co-founder and chief executive officer of Lean In.
India reports 18,795 new COVID-19 cases, lowest in 201 days
DIPAM shortlists Cyril Amarchand Mangaldas as legal advisor for LIC IPO
ICICI Pru Life in discussion for onboarding Account Aggregator system: Official
Earlier this month, the government unveiled the Account Aggregator (AA) network to allow sharing of financial data of individuals, which can be used by various financial services providers such as banks, insurers, fintech companies.
”It is a big enabler and there are some discussions. We will have to see operationally where exactly we are,” Deepak Kinger, Chief – Risk and Compliance, ICICI Prudential Life Insurance Company (ICICI Pru Life), told PTI.
‘Flipping’ by startups poses security threat, says SJM
Ashwani Mahajan, National Co-Convener of SJM – a wing of the Rashtriya Swayamsevak Sangh, says unicorns with over USD 1 billion valuation ‘flipping’ means avoiding Indian regulatory oversight and loss of revenue to the country.
”India has been proud of its startups creating immense value and adding to the GDP of the country. But our happiness remains short-lived when we find that they have not remained Indian any more. Most of these high ticket startups have flipped away and are no longer Indian companies in essence,” he told PTI.
Flipping means a transaction where an Indian company incorporates a firm in a foreign jurisdiction, which is then made the holding company of the subsidiary in India. The most favourable foreign jurisdictions for Indian companies are Singapore, the United States and the United Kingdom.