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Indian
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The Central Drugs Standard Control Organisation (CDSCO) issued...
MR Kumar may get another 3-month extension as LIC chairman till June end
M.R Kumar, chairman, Life Insurance Corporation The government is...
India, soon world’s most populous nation, doesn’t know how many people it has
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International
Gibraltar Japan partners with Munich Re to improve underwriting experience for customers
Seigo Nakano, CIO at Gibraltar Life added: “We have seen an enormous change in the Japanese life insurance market in the past 10 years with the majority of large life insurance firms introducing automated underwriting.
Hiroko Izumisawa, Corporate Vice President at Gibraltar also added: “Our partnership with Munich Re, Japan Branch, allowed us to develop a comprehensive underwriting rule-set which covers over 270 risk factors. It enables us to automatically assess 85% of applications while digitally capturing all application data. We’ve been utilizing the underwriting engine for a couple of months, and so far, customers are reacting favorably to the enhanced application process.”
Cyber insurance industry to exceed $20bn by 2025, says GlobalData
The market recorded growth of 33.5 per cent in 2020 as businesses around the world realized the increased threat COVID-19 and staff working from home posed. The growth rate is set to remain high throughout the forecast period, with GlobalData projecting a rate of 27.3 per cent growth in 2021, said GlobalData .
Public, not polluters, too often pay to clean up environment, EU auditors say
“Polluters need to pay for the environmental damage they cause,” said report author Viorel Stefan. “Up to now, though, European taxpayers have far too often been forced to bear the costs that polluters should have paid.”
The auditors looked at a sample of 42 environmental clean-up projects, backed by 180 million euros ($214 million) of EU funds, to fix issues like industrial pollution and contaminated landfill sites in Italy, Poland and Portugal.
U.K. is easing Covid rules, bringing businesses fresh concerns
Ministers highlight the link between infections, hospitalizations and deaths has been weakened by one of the world’s most advanced vaccination programs, yet infections have increased by two-thirds in the past week, fueled by the fast-spreading delta variant.
Tony Danker, director-general of the Confederation of British Industry, said it will be “critical” to build both customer and employee confidence and that the government has a “vital” role to play in providing guidance to employers. The big question remains: Will consumers come back?
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