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No noticeable change in insurance coverage during Covid pandemic: Govt
Minister of State for Health Bharati Pravin Pawar told Lok Sabha that the number of lives covered under health insurance (excluding personal accident and travel business) from April 1 to December 31, 2020 was 38.79 crore as compared to 39.06 crore for the corresponding period the previous year.
The total number of health insurance coverage, excluding personal accident and travel, in financial year 2019-20 was 49.87 crore, she said in a written reply.
Easing curbs, non-adherence to Covid norms behind surge in infections: Govt
A three-tier arrangement of dedicated COVID-19 health facilities [(i) COVID Care Center (CCC); (ii) Dedicated Covid Health Centre (DCHC) and (iii) Dedicated COVID Hospital (DCH)] has been implemented in the country to reduce the risk of cross infection to non-COVID patients as well as to maintain continuity of non-COVID essential health services in the country, Pawar said.
Govt clears Suchita Gupta’s appointment as CMD of National Insurance
The government is yet to notify the the appointment of Indrajit Singh, general manager, New India Assurance, as the CMD of Chennai based United India Insurance.
Ministry of finance has also notified the appointments of Mini Ipe and Vishnu Patanaik as the managing directors of Life Insurance Corporation.
Germany to require proof of Covid immunity or negative test on arrival: Sources
Germany now requires a negative test or proof of immunity only from those arriving from so-called “risk areas”, “high-incidence areas” and “virus-variant areas”, which in Europe now include Britain, Spain and the Netherlands.
Rules are now also applied differently at airports and road crossings, and regional leaders are keen to make them more consistent.
48% parents not willing to send their kids to schools till they get Covid vaccines: Survey
Lloyd’s of London plans electric vehicle, hydrogen insurance in climate change fight
India adds 43,645 COVID-19 cases, 640 deaths
The number of active cases stood at 3,99,436, an increase of 1,336 in a span of 24 hours, and comprises 1.27 per cent of the total infections. The national COVID-19 recovery rate has improved to 97.39 per cent, the data updated at 8 am showed.
The total number of Covid vaccine doses administered so far as part of the nationwide vaccination drive has reached 44.61 crore.
Maha govt clears immediate aid for flood victims, Rs 50 lakh cover for municipal Covid warriors
Cabinet approves privatisation of a PSU general insurer
The amendments, approved by the cabinet, will remove the clause for the Centre to hold at least 51 per cent in public sector insurance companies at any given time and transfer of management control to a private player who wants buy the compoany. ‘
India has four general insurance companies in the public sector – National Insurance Company Limited, New India Assurance Company Limited, Oriental Insurance Company Limited and the United India Insurance Company Limited. One of these will be privatised for which the government is yet to finalise the name.
Changing VT code of Indian aircraft will have big financial implication on airlines: Govt
In a written reply to a question in the Lok Sabha from BJP MP Harish Dwivedi, Minister of State for Civil Aviation V K Singh said, ”If we change the VT call sign, then all documents have to be reissued, the aircraft will have to be repainted and cannot fly till all markings are changed.” ”Aircraft will remain grounded during the whole process. It will also have a big financial implication on the airlines,” he added.
PM Modi launches website dedicated to AI, says will open way for AI-driven economy
Intensity of severe cyclonic storms increasing in North Indian Ocean region: Study
The increasing intensity of severe cyclonic storms with major socioeconomic implications was due to atmospheric parameters like higher relative humidity, especially at mid-atmospheric level, weak vertical wind shear as well as warm sea surface temperature (SST).
This indicates the role of global warming in bringing about this increasing trend, the study suggests.
Howden acquires Italian independent broker
Space Activities Bill under consideration to promote private players in sector
The Indian National Space Promotion and Authorization Centre (IN-SPACe) was created as an independent nodal agency under the Department of Space with the mandate of promoting, handholding, licensing, authorization and monitoring of private space activities in India. Access to Department of Space (DOS) facilities and expertise is extended to private entities to support their space activities.
Record global InsurTech funding balloons to $4.8 billion in Q2, H1 2021 investment exceeds full-year flow in 2020:Willis Towers Watson
InsurTechs focused on distribution accounted for 55% of start-up deals, and for 10 of the 15 mega-rounds. Most of the distribution InsurTechs target reduced dependence on agent channels.
Of all Q2 deals, 73% were for P&C-related InsurTechs, while 43 companies raised funds for L&H technology. Funds were raised by companies from 35 countries, including new entrants Botswana, Mali, Romania, Saudi Arabia, and Turkey.