SIRC 26
Indian
Madras HC puts order on `bumper-to-bumper cover’ for new vehicles on hold
Atal Pension Yojana subscriber count cross 33 mn-mark, says PFRDA
A guaranteed pension scheme of the government, APY ensures Rs 1,000 to Rs 5,000 per month pension, depending upon the contribution made, to a subscriber from the retirement age of 60 years.
Public sector banks accounted for the highest number of APY subscribers at over 2.33 crore, as per PFRDA data.
Axis Bank raises $600 mn through ESG-compliant AT1 bonds sale overseas
DGCI gives nod for phase 2/3 trials of Biological E’s Covid vaccine on those aged between 5 & 18
International
12 Chinese insurers co-launch coverage for businesses hit by Coronavirus
The six-month insurance, co-launched by 12 leading insurers including PICC, China Pacific Insurance Co., and Ping An Insurance Group, provides cover for production losses, wages paid to employees in quarantine and fees incurred due to the suspension of operations as a result of the epidemic, according to the notice.
Climate change could make premiums unaffordable: QBE Insurance
-The insurer said it has started to adjust its catastrophe models to factor in the expected impacts of climate change until 2100, and would assess the impact on its weather-related exposures from emissions and temperatures.
-In the short-term, QBE would manage higher claims by considering event frequency and severity in its capital planning and will deploy a comprehensive catastrophe reinsurance program, it said.
AIA Singapore offers free COVID-19 coverage for its 1.4 million customers, employees and tied representatives
Tech Mahindra and Virsec collaborate to deliver advanced Cybersecurity Solutions to customers globally
The Virsec Security Platform stops fileless and in-memory advanced application threats that escape detection by conventional security tools. It also protects applications from the inside, against known and unknown zero-day threats. Virsec patented technology maps acceptable application execution, and instantly detects code execution deviations triggered by cyberattacks. This deterministic process detects and blocks application attacks within milliseconds, with precise forensics at every step.
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