SIRC 26
Indian
Cannot order door-to-door COVID vaccination in this diverse country, or just scrap policy: SC
A bench of Justices D Y Chandrachud, Vikram Nath, and Hima Kohli refused to entertain a plea of a lawyers’ body seeking door-to-door COVID-19 jab for the disabled and people belonging to weaker sections of society, said the vaccination drive is already in progress and over 60 percent of the population has been administered the first dose.
India’s fintech market to triple to Rs 6.2 lakh cr by 2025: MoS Finance Karad
Minister of State for Finance Bhagwat K Karad said that India has been ranked number one in terms of digital transactions and the total digital transactions have crossed 25 billion.
India provides a great ecosystem for Fintech development like access to bank accounts under the PM Jandhan Yojana, digilockers and scalable platforms including UPI.
New India’s credit ratings affirmed, with $ 5.1 billion of capital co can insure large overseas risks: AM Best
NIA’s balance sheet strength assessment is underpinned by its risk-adjusted capitalisation, which remained at the strongest level in fiscal year 2021, as measured by Best’s Capital Adequacy Ratio (BCAR).Its underwriting portfolio is considered to be well-diversified by line of business, distribution channels and geographically. In addition, the company is the only direct insurer in India with considerable overseas operations, which provide a level of diversification to its domestic portfolio. While the domestic market continues to present significant growth opportunities for New India, intense competition in the largest lines of motor and health business continue to drive premium rate inadequacies and pressure underwriting margins, said AM Best.
RMS to enhance risk analysis for J. B. Boda’s India Portfolio
This agreement will strengthen J. B. Boda’s risk analysis capabilities to enhance their support of clients that have portfolios with risk exposure in India. J. B. Boda continues to grow its activities and client base in various markets. It is further enhancing its in-house capability of assessing risks.
International
Coronavirus outbreak: World Bank announces up to $12 bn in immediate funds
China’s economic slump over Coronavirus to cut global exports by $50 bn: UN
UBS CEO Ermotti Sergio to succeed Walter Kielholz as Swiss Re Chairman
He started his professional career at Merrill Lynch in 1987, where he held various positions in the areas of equity derivatives and capital markets before he became Co-Head of Global Equity Markets and a member of the Executive Management Committee for Global Markets & Investment Banking in 2001. Sergio P. Ermotti, a Swiss citizen, is a Swiss-certified banking expert and a graduate of the Advanced Management Programme at the University of Oxford, United Kingdom.
After China, Italy could cause maximum spread of Caronavirus globally:AIR
“Our analysis of risks associated with the current outbreaks in South Korea, Italy, and Iran, highlights the following countries at highest risk for onward infections from these secondary outbreaks,” Dr. Narges Dorratoltaj, senior scientist at AIR Worldwide.
For South Korea:Japan,United States,Vietnam,Thailand,Philippines,Taiwan
For Italy:Germany,United Kingdom,Spain,France,Netherlands,Belgium,United States,Romania
For Iran:United Arab Emirates,Turkey,Iraq,Qatar,Germany,Kuwait,Italy
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