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Indian
RBI bars Paytm Payments Bank from onboarding new customers
"The bank has also been directed to appoint an IT audit firm to...
Sebi tightens IPO valuation scrutiny, jolts startups eyeing listing: Report
The Securities and Exchange Board of India (SEBI) last month...
Govt to file final papers for LIC IPO with Sebi soon, says official
The government is presently in the wait-and-watch mode because of...
Govt appoints Ex-financial services secretary Debasish Panda as new IRDAI chief
Debasish Panda, chairman, IRDAI The appointments committee of...
International
Most executives seek work-life balance after experiencing pandemic blues – survey
Many top company officials in France and Egypt were most likely to have recalibrated their lives after experiencing the pandemic blues, followed by those in the United Arab Emirates, the United States and Britain, according to a survey of about 2,000 high net-worth individuals by health insurer Bupa Global.
SCOR welcomes A.M. Best’s decision to confirm its Financial Strength Rating of ‘A+ Superior’
Denis Kessler, Chairman & Chief Executive Officer of SCOR, comments: “We welcome A.M. Best’s decision to affirm SCOR’s ratings. This decision further testifies to the soundness of our strategy as a Tier 1 global reinsurer and the resilience of our business model to shocks. We are entering the renewal season with confidence. SCOR is well positioned to accelerate its growth in a supportive market environment, benefiting from positive pricing dynamics and improving terms and conditions in P&C reinsurance, while consolidating its position in the top tier of the Life reinsurance market.”
Many life insurers need a new core system:Celent & Equisoft Report
Celent’s APAC insurance technology expert, Max Ang said, “The insurer of tomorrow will be a technology-focused enterprise, augmenting current experiences with digital tools and automation, and with collaborations with partners for success. The next-generation insurer will serve, and customers will engage, based on the evolving needs required.”
Poorer countries to get 120 million $5 coronavirus tests, WHO says
WHO Director General Tedros Adhanom Ghebreyesus said the manufacturers Abbott and SD Biosensor had agreed with the Bill & Melinda Gates Foundation to “make 120 million of these new, highly portable and easy-to-use rapid COVID-19 diagnostic tests available over a period of six months”.
“This will enable the expansion of testing, particularly in hard-to-reach areas that do not have laboratory facilities or enough trained health workers to carry out tests,” Tedros said.
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