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Indian
HSBC Insurance intends to buy PNB stake in Canara HSBC OBC Life Insurance
PNB had acquired a stake in the life insurer post amalgamation of...
LIC 10th most valued insurance brand globally with $8.65 bn valuation: Report
LIC,which is bound for the nation's largest share sale by March, is...
LIC IPO: Draft prospectus to be filed next week, issue in March: Dipam Secy
Secretary in the department of investment and public asset...
XL’s India FRB to shut down, to be merged with AXA France’s FRB
-Prior to the global merger- AXA group acquired XL group in 2018-...
International
Amazon starts online drug sales in Bengaluru
South Korean doctors strike over health plans as new coronavirus cases climb
The government plans to increase the number of medical students by 4,000 over the next 10 years, which it says is necessary to be better prepared for public health crises like the coronavirus pandemic.
But the Korean Medical Association (KMA), which helped organise the protest, says the country already has more than enough physicians.At least 8,365 of the country’s total 33,836 medical facilities, including private clinics, had said they would stage a walk out on Friday, but the numbers could rise, Vice Health Minister Kim Gang-lip told a briefing.
“The number of physicians per 1,000 people has increased by 3.1% annually for the past 10 years, which is 6 times greater than that of OECD average,” KMA said in a statement.
Prudential Thailand deploys Munich Re’s digital solution, customers can avail real-time underwriting decisions
Pasalaree Theerasas, Chief Customer Officer, Prudential Thailand, said,“The automated solution shortens the turnaround time for underwriting decisions compared with the traditional process, and reduces the time spent by applicants in answering unnecessary or repetitive health questions and providing medical documents. ”
Middle East insurers seen taking bulk of losses from Beirut blast – sources
“The majority of exposure will be on the building damage side and to the extent that it is covered beyond the property markets, there will be very significant business interruption,” a Lloyd’s of London market source said.
“Much of it (the risk) may be covered by local markets,” the source said, which could include insurers in Dubai.
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