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USA and China to lead global insurance industry’s growth in 2021: Allianz

the USA (+5.3%) and China (+13.4%) are likely to be the two growth engines. Following the sharp slump in the previous year, the recovery in the life segment (+5.7%) will be somewhat stronger than in the p&c segment (+4.2%).

The strong growth should continue in subsequent years, driven by the increased focus on sustainability and the further rise of the emerging markets.

Globally, average growth of over 5% over the next ten years appears possible.

$10 trillion lost globally due to COVID-19 pandemic and lockdowns:WHO Report  

A report by the panel cited estimates that more than $10 trillion has been lost globally because of the COVID-19 pandemic and lockdowns to control its spread that has closed businesses and confined people to their homes. “Every effort to integrate beforehand health and finance will largely pay itself,” said Mario Monti ,former Italian prime minister chairs the WHO’s Pan-European Commission on Health and Sustainable Development .
It has recommended the G20 establish a Global Health Board which would work to prevent future pandemics by identifying risks, setting global benchmarks for preparedness, and promoting investment in health infrastructure.

HX launches in Asia to bring its data, digital and analytics capabilities closer to clients and carriers across the region

Goh Chye Huat, CEO, Howden Asia, said: “Our businesses across Asia have experienced tremendous growth over recent years.  We have reached a scale where it is vital to have a market-leading engagement and distribution strategy.  HX’s data and analytics capabilities are unrivalled in the market and we are delighted to have that offering available for our clients and colleagues in Asia.”

269 doctors died due to COVID in second wave of pandemic: Indian Medical Association

Speaking to ANI, IMA president Dr JA Jayalal said, “Mortality among doctors is high as we are exposed to high viral load. We attain hundreds of patients whose infections are high. Also, many people come with symptomatic COVID, even their attendants are positive. So, doctors are exposed to this more.” “The working hours of doctors have been extended because the number of patients has increased. Keeping these all leads to high mortality among doctors. But this is not the case with doctors only, several deaths are occurring among the common public too,” added Dr Jayalal.
State-wise data by IMA shows 22 doctors died due to COVID-19 in Andhra Pradesh, 19 in Telangana, 14 each in Maharashtra and West Bengal, and 11 fatalities were reported in Tamil Nadu. It added that 10 doctors also died in Odisha, eight in Karnataka, and five in Madhya Pradesh.

India second largest insurtech market in APAC: S&P Report

”India is the second largest insurance technology market in Asia-Pacific. India has at least 66 insurtech companies and accounted for 35 per cent of the USD 3.66 billion in insurtech-focused venture capital invested in the APAC region. ”Insurance technology investors are attracted to India since it is one of the fastest-growing insurance markets in the world,” S&P Global Market Intelligence fintech analyst Sampath Sharma Nariyanuri said.

Cyclone kills 19 in India, 127 missing after vessel sinks in

The cyclone Tauktae, which made landfall in the western state of Gujarat late on Monday, has hit power supply in 2,400 villages in the state as a thousand electricity pylons were damaged, Chief Minister Vijay Rupani said in a media address.

Nearly 160 roads have been destroyed, 40,000 trees uprooted and several houses damaged, Rupani added.

“The standing crops would have suffered definite losses, especially in areas of Saurashtra where the cyclone hit the hardest,” said Manish Bhardwaj, principal secretary at the state agriculture department. Before reaching Gujarat, the cyclone left a trail of destruction as it brushed past the coastal states of Kerala, Karnataka, Goa, as well as Maharashtra, home to India’s financial hub of Mumbai, authorities said.

Govt releases Rs 5,968 crore to 15 states under Jal Jeevan Mission

Of the central funds allocated under the Jal Jeevan Mission, 93 percent is to be utilized on developing water supply infrastructure, 5 per cent on support activities and 2 percent on water quality monitoring and surveillance.

The JJM dashboard also shows the ‘sensor-based IoT pilot project going on different villages which shows the status of daily water supply in terms of quantity, quality and regularity. In these pilots, one can see the quality of water and per capita supply on daily basis. This dashboard can be accessed at: https://ejalshakti.gov.in/jjmreport/JJMIndia.aspx.