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Here is a masonry blog layout with no sidebarCOVID-19 predominantly transmitted through air: Lancet study cites ‘strong evidence’
“The evidence supporting airborne transmission is overwhelming, and evidence supporting large droplet transmission is almost non-existent,” Jose-Luis Jimenez, a chemist at the Cooperative Institute for Research in Environmental Sciences (CIRES) and the University of Colorado Boulder said.
“It is urgent that the World Health Organization and other public health agencies adapt their description of transmission to the scientific evidence so that the focus of mitigation is put on reducing airborne transmission.”
Govt notifies draft rules for hiking FDI to 74 % in insurance sector
According to the draft rules, in an Indian insurance company having foreign investment exceeding 49 per cent not less than fifty per cent. of the net profit for the financial year have to be retained in general reserve, if the insurer’s solvency margin is less than 1.2 times the control level of solvency for a financial year for which dividend is paid on equity shares.
Not less than fifty per cent. of directors of such insurers will be independent directors, unless the chairperson of its board is an independent director, in which case at least one-third of its board shall comprise of independent directors.
U.S. P/C insurers perform well in 2020 despite Pandemic, higher Cat losses:AM Best
According to the report, P/C industry revenue declined slightly to $560.7 billion, driven by a significant drop of 18.8% in net investment income. Expenses grew by 4.1% in 2020, far exceeding a modest increase in premium revenue; the catastrophe losses and a sizable increase in policyholder dividends also more than countered the increase in premium revenue.
3rd vax dose likely needed within 12 months: Pfizer CEO
“A likely scenario is that there will be likely a need for a third dose, somewhere between six and 12 months and then from there, there will be an annual re-vaccination, but all of that needs to be confirmed. And again, the variants will play a key role,” Pfizer Chief Executive Officer Albert Bourla said.
Seven European countries to halt export finance for fossil fuels
EU regulators set July 27 deadline for deadline on Aon, Willis deal
Aon, which announced the deal a year ago to create the world’s largest insurance broker ahead of world No. 1 Marsh & McLennan Companies Inc, offered last Friday to sell assets in five European nations to resolve EU competition concerns.
The EU antitrust watchdog is now seeking feedback from rivals and customers before deciding whether to demand more concessions, clear or block the deal.
Tokyo Olympics might yet be cancelled due to COVID-19 – Japanese official
Physical inactivity is linked to more severe coronavirus infection, death, says new study
PFRDA plans to raise max entry age for NPS to 70 yrs, logs 23 pc growth in subscriber base in FY 2020-21
For those, will be are joining the NPS beyond 60 years of age, will now be allowed to be there until the age of 75 years,
PFRDA is planning to increase the withdrawal limit for which an investor doesn’t have to by any annuities from Rs 2 lakh to 5 lakh
PFRDA has decided to go for on-tap licensing where new players fulfilling the eligibility criteria can apply for licenses any time of the year.
2 more players including Axis bank with partnership of Axis Mutual Fund will start their operations soon,
Covid 19 Pandemic: 9 in 10 Singaporeans still struggling with their mental health, men and younger adults most worried
Wong Sze Keed, chief executive officer of AIA Singapore, says, “While our nation is heading for a post-pandemic recovery, mentally, we are still trying to navigate our way out of COVID-19 uncertainities. It is not enough to only take care of our physical health. This conviction drives our holistic approach to protect the many aspects of our customers’ wellbeing – such as financial, physical, and mental health – to enable everyone to truly lead healthier, longer, better lives.”
Indian hospitals battle ‘chaotic’ surge as daily virus infections cross 200,000
“The situation is horrible,” said Avinash Gawande, an official of a government hospital in the industrial city of Nagpur that was battling a flood of patients, as were hospitals in neighbouring Gujarat state and Delhi in the north.
“We are a 900-bed hospital, but there are about 60 patients waiting and we don’t have space for them.”
Coronavirus curbs disrupt supply chains, stoke economy worries
Small businesses are also worried that as workers may return to their villages as cases rise and job prospects worsen.In Meerut, an industrial hub about 100 km from New Delhi, Anurag Agarwal, regional head of the Indian Industries Association, said the prices of raw materials for sports goods and other products had risen as supplies have been delayed.
“Night shifts have been cancelled and unforeseen rise in prices of key raw materials have contributed to our woes,” said Agarwal, who represents about 10,000 business units.
Govt approves 15 % wage hike for 1 lakh LIC employees, effective from Aug 1,2017
The new wage hike that has 100 per cent neutralisation of dearness allowances will be notified by the government on Thursday.
After the hike, an entry level officer of LIC- Assistant Administartive officer- will draw a basic salary of Rs 53,600 while a development officer will get Rs 35,650.
The senior most officer in LIC- zonal manager- will receive a salary of Rs 1,63.755.
SCOR’s Apr 1 Indian renewal kitty swells by 21% to EUR 178 million
SCOR grew its gross premiums up for renewal by 14.3%2 at constant exchange rates to EUR 600 million, with a 4.3% overall increase in pricing.
The bulk of the portfolio renewed on April 1 (64%) is in the Asia-Pacific region, of which Japan and India are the most significant markets (each accounting for approximately 28-29% of total premiums up for renewal):
3.1 million external attacks on Cloud user accounts in Q4 2020: McAfee report
“Ransomware and malware targeting vulnerabilities in work-related apps and processes were active and remain dangerous threats capable of taking over networks and data, while costing millions in assets and recovery costs,” Samani added.
Malware was the most reported cause of security incidents in Q4, followed by account hijackings, targeted attacks and vulnerabilities.
German regulator acts to halt ‘illegal’ WhatsApp data collection
The regulator in the city-state of Hamburg said that it had opened emergency proceedings against Facebook after WhatsApp earlier this year informed users that they would need to consent to new data terms or stop using the service.
“We have reason to believe that the data sharing policy between WhatsApp and Facebook is being impermissibly enforced due to the lack of voluntary and informed consent,” said Hamburg’s data protection officer Johannes Caspar.
Insurance startup Clearcover raises $200 million from Eldridge, others at $1 billion valuation
The COVID-19 pandemic has reduced the importance of physical networks of agents in insurance and helped “insurtech” providers like Clearcover, which uses artificial intelligence and big data to reduce costs and better target customers.
Global investment in the sector jumped 12% to $7.1 billion for 2020, a record high, according to Willis Towers Watson.
Generali in talks to buy AXA assets in Malaysia, sources say
“Asia is a fast-growing market and a focus for Generali,” one of the sources said.
Generali had been looking at a series of AXA assets in Malaysia worth around 700 million euros but the sources said it was in talks to buy the French insurer’s non-life business.
Europe’s third biggest insurer has been in Malaysia since 2015 and the deal could make it the second-biggest property and casualty operator in the country.