SIRC 26

Indian

1.71 cr workers from unorganised sector registered on e-Shram portal in a month: Labour Ministry

Sep 26, 2021

Data analysis based on the last week showed that a substantial proportion of women workers in domestic work are getting themselves registered on the portal. This is one category of occupation where women outnumber men.

Besides, women form substantial proportion of workforce in sectors like agriculture as labourers, food industries as helpers and machine operators, apparel industry as helpers and tailors and also in small scale units of tobacco/ beedi rolling and as ASHAs/ ANMs in the healthcare industry.

Therefore, it would not be wrong to assume that most vulnerable groups of women are insured under various protection schemes accruing from registration at the portal, the ministry said. Since week one, Odisha and Bihar have competed with each other to maintain the first position, it stated.

DIPAM shortlists Cyril Amarchand Mangaldas as legal advisor for LIC IPO

Sep 26, 2021

The government aims to come out with the IPO and subsequent listing of LIC on the bourses in the January-March quarter of 2022. The government is also mulling allowing foreign investors to pick up stakes in country’s largest insurer LIC.

ICICI Pru Life in discussion for onboarding Account Aggregator system: Official

Sep 26, 2021

Earlier this month, the government unveiled the Account Aggregator (AA) network to allow sharing of financial data of individuals, which can be used by various financial services providers such as banks, insurers, fintech companies.
”It is a big enabler and there are some discussions. We will have to see operationally where exactly we are,” Deepak Kinger, Chief – Risk and Compliance, ICICI Prudential Life Insurance Company (ICICI Pru Life), told PTI.

Cyclone Gulab to make landfall today, IMD issues alert for Andhra, Odisha

Sep 26, 2021

A senior scientist of IMD Bhubaneswar Umashankar Das said that the deep depression over the Bay of Bengal that intensified into cyclone Gulab is likely to move nearly westwards and cross north Andhra Pradesh – south Odisha coasts between Kalingapatnam and Gopalpur around midnight of September 26.

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International

Insurers fret as company bosses face coronavirus legal claims

Apr 2, 2020

“An uptick in litigation targeting directors and officers across industry sectors is one likely, and unwelcome, consequence” of the coronavirus pandemic, said James Whitaker, partner at law firm Mayer Brown.

“We are starting to see insurers looking at the potential for specific COVID-19 exclusions going forward,” said Beth Thurston, head of management liability, UK & Ireland, for broker Marsh.

Germany, credit insurers agree plan to keep trade flowing

Apr 2, 2020

Under the plan, the government would guarantee up to 30 billion euros ($32.8 billion) for the commercial credit insurance industry, the sources said.

Donald Trump casts doubt on Chinese coronavirus figures

Apr 2, 2020

China has publicly reported 82,394 confirmed cases and 3,316 deaths as of Thursday, according to a rolling tracker by Johns Hopkins University.That compares to 216,722 cases and 5.137 deaths in the United States, the country with the world’s largest reported outbreak.

Coronavirus pandemic: Over 95% who died in Europe were over 60: WHO

Apr 2, 2020

The U.N. health agency says 10% to 15% of people under 50 with the disease have moderate or severe infection.

“Severe cases of the disease have been seen in people in their teens or 20s with many requiring intensive care and some unfortunately passing away,” Kluge said.

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