Workplace/Employee Benefits

Jerome Jean Haegeli, Group Chief Economist,Swiss Re

Covid-19 Pandemic:Prm growth in emerging markets to remain positive in 2020 & 2021,says Swiss Re

Articles       Jul 09, 2020

  The insurance industry is set to overcome this year’s COVID-19-induced global economic recession, the latest Swiss Re Institute’s sigma says. The COVID-19 crisis will present challenges to industry profitability.In addition to pandemic-related losses, investment returns will remain subdued as interest rates stay low for longer,...

'58 Indian-origin executives employ over 3.6 mln globally, account for $1 trillion in revenue'

Facts       Jul 09, 2020

  Washington: A group of 58 Indian-origin executives heading companies across 11 countries, including the US, Canada and Singapore, collectively employ more than 3.6 million people and account for a combined USD 1 trillion in revenue, according to a US-based top Indian diaspora organisation. Indian-origin business...

IRDAI forms panel to explore possibility of an ``Indian Pandemic Risk Pool'', to address BI risks arising out of a Pandemic event

Indian News       Jul 08, 2020

  Hyderabad: In line with the global trends in other major economies,the insurance regulator IRDAI, on Wednesday,has constituated a nine- memember  panel under the chairmanship of Suresh Mathur, executive director, IRDAI, to explore the possibility of forming an ``Indian Pandemic Risk  Pool’’ to  address various risks...

Insurers can now offer mandatory Arogya Sanjeevani Policy without Rs 5 lakh cap in sum assured: IRDAI

Indian News       Jul 07, 2020

  Hyderabad:: The insurance regulator IRDAI has now allowed the general and health insurers to offer mandatory,“Arogya Sanjeevani Policy” for a minimum sum insured of less than Rs.1 lakh and maximum sum assured of above Rs 5 lakhs . According to the earlier IRDA norms,the standard...

Bajaj Auto unions demand factory halt after 250 workers catch COVID-19

Indian News       Jul 04, 2020

Pune: Workers at Bajaj Auto, India's biggest exporter of motorbikes, are demanding the temporary closure of one of its plants after 250 employees  tested positive for coronavirus, its unions said on Saturday, as companies struggle to ramp up operations.   India went into complete lockdown in...

Indian Gen Z,millennials will wait to return to work: LinkedIn

Facts       Jun 30, 2020

  As the business landscape resumes, older professionals appear keen on stepping out into the post Covid-19 world while younger professionals are not rushing to embrace it.   The findings reaffirmed this difference in perception as 38 per cent of Gen X and 29 per cent of...

France to rein in reduced-time work scheme as covid crisis eases

Facts       Jun 24, 2020

PARIS: The French government laid out plans on Wednesday to rein in from October a reduced-time work scheme set up during the coronavirus crisis to prevent mass permanent layoffs.   The scheme’s update comes as France and other European countries that set up furlough schemes to...

Work-from-home:Best Practices

Articles       Jun 21, 2020

  As a result of the viral COVID-19 outbreak, many of us have joined the millions of people around the world working from home, which has been declared a global pandemic as of this week. Many of the world’s leading US-based tech companies such as Apple,...

Insurers need to be flexible with customers following unemployment spikes,says GlobalData

Facts       Jun 21, 2020

  London: High unemployment levels from the COVID-19 pandemic will mean Insurance providers will struggle to convince policyholders to keep policies, according to GlobalData, a leading data and analytics company.   Yasha Kuruvilla,Insurance Analyst at GlobalData, commented “While some economies will begin to open up again, high...

Global stocks retreat on rising second wave fears

International News       Jun 18, 2020

TOKYO/WASHINGTON:  Asian stocks and Wall Street futures fell on Thursday as spiking coronavirus cases in some U.S. states and China crushed hopes of a quick global economic comeback from the pandemic.S&P 500 mini futures fell 1.2% in early Asian trade while MSCI’s broadest index of...

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