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Data, demographic dividend present huge opportunity; this decade to be ‘India’s techade’: PM

He cited an example of how Digilocker has helped millions of people especially during the pandemic by providing a digital storage facility for school certificates, medical documents and other important certificates.
Modi highlighted that 2.5 lakh CSCs had helped take the Internet to remote areas. Under Bharat Net scheme, work is underway on a mission mode to bring broadband internet to the villages.

Cyber reinsurance jump 40 % in July renewals -Willis Re

The average ransom payment made by a business to restore data after a cyber attack was $220,000 in the first quarter, up 43% from the last quarter of 2020, according to cyber security firm Coveware.

In addition to the ransom payments, cyber insurance and reinsurance policies can cover the cost of restoring the network, business interruption losses and even the hiring of a PR agency to address reputational damage.

Jeff Bezos picks female aerospace pioneer to launch with him

At age 82, Funk will become the oldest person to launch into space. She’ll beat the late John Glenn, who set a record at age 77 when flying aboard space shuttle Discovery in 1998.“No one has waited longer,” Bezos said via Instagram. “It’s time. Welcome to the crew, Wally. We’re excited to have you fly with us on July 20th as our honored guest.”

Andhra CM launches ‘YSR Bima’ scheme, allocates Rs 750 crore for 2021-22

“Similarly, as promised during elections, the government had brought YSR Bima, an insurance scheme to support those families who lost their breadwinner. About 1.30 lakh families have been brought under insurance coverage. Under the scheme, an insurance amount of Rs 1 lakh will be paid if the beneficiary aged between 18 to 50 years, who is a breadwinner of the family, succumbs to natural death. A sum of Rs 5 lakh will be paid if the beneficiary in the age group of 18 to 70 years dies in an accident”, said the Chief Minister.

India’s medical infra well prepared to deal with third COVID wave: FM

A Rs 50,000 crore credit guarantee scheme for setting up of medical or health infrastructure by private hospitals in cities other than 8 metropolitan cities was also announced as part of measures for reviving the economy battered by a severe second wave of COVID-19.

The minister further said 45-50 lakh people per day are getting vaccinated and a total of 33 crore people have received vaccination.

Insurers got 22k claims for COVID-19 deaths in FY21; no significant impact on sector financials:RBI

The claims paid ratio (provisional) stood at 98.1 per cent for individual claims and 98.6 per cent in the group category, in comparison with 96.8 per cent and 97.3 per cent, respectively, for the previous financial year, it said.

”…the pandemic did not have a significant impact on death claim settlement rates,” it said.

Number of global migrant workers rises to 169 million since 2017: ILO report

More than two-thirds of international migrant workers are concentrated in high-income countries. Of the 169 million international migrant workers, 63.8 million (37.7 per cent) are in Europe and Central Asia. Another 43.3 million (25.6 per cent) are in the Americas. Hence, collectively, Europe and Central Asia and the Americas host 63.3 per cent of all migrant workers.

The Arab States, and Asia and the Pacific each host about 24 million migrant workers, which, in total, corresponding to 28.5 per cent of all migrant workers. In Africa, there are 13.7 million migrant workers, representing 8.1 per cent of the total.

Generation Equality: Alongside COVID lies an ‘equally horrific pandemic’ threatening women

And compared to men, women are 24 per cent more likely to lose their jobs and can expect their income to fall by 50 per cent more – making economic justice and rights imperative.

At the same time, women are 10 per cent less likely than men to have internet access, leaving 433 million women globally on “mute”.

Not much data on Delta plus variant to suggest it’s more infectious, causes more deaths: Delhi AIIMS director

“There isn’t much data on Delta plus variant to suggest it’s more infectious, causing more deaths, or has developed significant immune escape mechanism. But if we follow COVID appropriate behaviour and get vaccinated, we’ll be safe against any of emerging variants,” Dr Guleria told ANI.

IFFCO Tokio Gen Insurance to launch AI powered cattle digital identity for cattle insurance

One of the biggest issues faced by cattle insurance companies is the accurate identification of cattle and the processing time involved. The artificial intelligence-driven mobile application of Dvara E-Dairy captures muzzle images with the mobile phone, compares the cattle’s unique digital identity stored in a secured cloud server and retrieves the results at the click of a button in less than 60 seconds 

Swiss Re’s iptiQ and ImmoScout24 launch digital loss of rent insurance

Andreas Schertzinger, CEO of iptiQ EMEA P&C, says: “With ImmoScout24, we have found the ideal partner in Germany to offer customers tailor-made household insurance products online precisely when it matters. Thanks to the seamless integration of our product into ImmoScout24’s digital ecosystem, customers can insure themselves against the risk of rent-related losses directly online and throughout the rental process.”