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Indian

UAE allows Indian tourists with 14-day rider

Approval of tourist visas for Indian passport holders, who have not been in the country in the last fortnight, comes as the UAE is slowly opening up its arrivals.

All flyers will have to undergo a Polymerase Chain Reaction test on the day of arrival and on the ninth day after arrival in the UAE.

Xiaomi to offer full spectrum of financial services, adds insurance vertical to its India platform

Xiaomi is adding insurance vertical to its platform as well as expanding the lending category with the addition of offerings like gold loans and credit line cards.
Xiaomi India Financial Services Head Ashish Khandelwal said Xiaomi has partnered with ICICI Lombard to curate a health insurance product.

Xiaomi also has a cyber insurance offering, and more than 25,000 customers have been covered so far.

”Going ahead, insur-tech is another proposition that we are working on in a curated manner in partnerships,” he added.

Three insurance-related firms to raise Rs 10,000 cr through IPOs

Policybazaar’s Rs 6,017.5-crore public issue comprises a fresh issue of Rs 3,750 crore and an offer-for-sale of Rs 2,267.5 crore by existing selling shareholders
Star Health, the largest standalone private health insurer, is planning to raise Rs 3,000 crore; while Medi Assist, which is the largest third-party administrator, is lining up a Rs 840-1,000 crore issue, according to their draft red herring prospectus (DRHP) filed with the market watchdog.

Indian tops global cyber attacks on education sector: Report

“In India, schools, universities and research centres make for attractive targets to cyber criminals because they are often under resourced from a security perspective. The short-notice, on-and-off shift to remote learning exacerbates the security risk,” said Sundar Balasubramanian, Managing Director, Check Point, India and SAARC.

International

Coronavirus outbreak in China disrupting global tech sector: S&P

“Our base case is that the virus will be contained globally in March 2020 (no new transmissions in April), allowing travel and other restrictions to be unwound by the middle of the second quarter,” an Asia economist of S&P Global Ratings said. S&P said it has not taken any rating actions related to the outbreak.

SCOR acquires a majority stake in Brazilian AgroBrasil,strengthens expertise in agriculture

Laurent Rousseau, Deputy Chief Executive Officer of SCOR Global P&C, and CEO of the Specialty Insurance business, comments: “Through this acquisition, SCOR is further building its Specialty Insurance franchise and MGA platform. SCOR will also strengthen its expertise in agriculture insurance, a highly complex specialty: being at the forefront of technical risk-knowledge and fostering product innovation for the benefit of our clients around the world is an integral part of our DNA.”

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