Indian

Facebook teams up with Indian firm to help provide loans to small businesses

Aug 21, 2021

The social media giant is joining hands with Indifi to help provide loans ranging from 500,000 rupees to 5,000,000 rupees ($6,719-$67,191) at annual interest rates of up to 20%, Ajit Mohan, Facebook India’s managing director, told a virtual news conference.

India to add 100 more earthquake observatories by 2026: Jitendra Singh

Aug 21, 2021

He impressed upon India’s commitment to supporting various projects of earth system science to quantify the seismic hazard for better land use and urban planning and creating disaster-resilient infrastructures for reducing risks and ultimately paving the way to sustainable development.

July non-life insurance premiums shrug off pandemic cloud: Care Ratings

Aug 21, 2021

Non-life insurance premium reached Rs 20,171 crore compared to Rs 16,885 crore in July 2020. The growth was driven by health and fire segments with motor segment also turning in positive numbers.

Post LIC IPO, 60 pc of insurance biz to be with listed entities: FinMin official

Aug 21, 2021

The insurance sector, over the two decades since the introduction of competition and regulation, has matured with 69 insurers today as against only eight in 2000. ‘A majority of these have crossed their initial breakeven phase. Once the proposed listing of LIC happens, about 60 per cent of the insurance industry business would be with listed entities. The sector as a whole has been growing at a pace significantly higher than that of the overall economy, additional secretary in the finance ministry Amit Agarwal said

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International

Coronavirus emergency ‘holds a very grave threat’ for world: WHO

Feb 11, 2020

“With 99% of cases in China, this remains very much an emergency for that country, but one that holds a very grave threat for the rest of the world,” he told more than 400 researchers and national authorities, including some taking part by video conference from mainland China and Taiwan.

WHO warns overseas coronavirus spread may be ‘tip of the iceberg

Feb 10, 2020

“There’ve been some concerning instances of onward 2019nCoV spread from people with no travel history to China. The detection of a small number of cases may indicate more widespread transmission in other countries; in short, we may only be seeing the tip of the iceberg,” tweeted Ghebreyesus, Director-General of the WHO.

Thai insurer offers first Coronavirus Insurance Policy

Feb 10, 2020

“The outbreak is raising awareness among Thais about the need for health insurance,” Unchalin said in a phone interview. “The revenue from the new policy is unlikely to be material, but our main goal to calm the public’s fears during this coronavirus crisis.”

Italian investor group Exor weighs sale of PartnerRe to France’s Covea

Feb 10, 2020

-Insurers are turning to acquisitions, also in reinsurance, to strengthen their businesses as they face tougher regulation and falling returns from financial market investments.
-Branching out to reinsurance would also allow Covea to diversify outside its main market France, where it makes almost 90% of its 17 billion euros ($19 billion) business.

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