Indian

Vice prez stresses on importance of enforcing ”polluter pays” principle

“From panchayat to Parliament, all stakeholders must act proactively in protecting the environment,” Vice President M Venkaiah Naidu said.

Highlighting recent disasters such as the flash floods in Himachal Pradesh, landslides in Uttarakhand and heat waves in Canada and the United States, he said these are instances of increasing frequency of extreme weather events due to global warming and climate change.
He stressed on the need to act stringently with violators of pollution laws and consider strict enforcement of the ”polluter pays” principle, the statement said.

Alcohol linked to over 62,000 cancer cases in India last year: Lancet study

These cancers have well-established causal links to alcohol consumption, and the estimates of the direct associations with alcohol in the new study are the first of their kind for 2020.”Trends suggest that although there is a decrease in alcohol consumption per person in many European countries, alcohol use is on the rise in Asian countries such as China and India, and in sub-Saharan Africa,” said Harriet Rumgay of the International Agency for Research on Cancer (IARC), France.

International

Reinsurers more discerning at mid-year renewals: Willis Re

Almost all buyers were able to secure the capacity they desired at June 1 and July 1, but differentiation between cedants by reinsurers has increased, particularly based on the accuracy of their previous catastrophe loss estimates. Superior pricing and capacity were available to clients seen as preferred trading partners.

AIR publishes its catastrophe exposure data schema publicly

“Across the insurance industry, as less time is spent converting formats or ensuring consistency among data sets, stakeholders will have more time to focus on improving the quality of their underlying data and making better risk management decisions,” said Bill Pieroni, CEO, ACORD

First blockchain-based agricultural insurance policies for smallholder farmers in Sri Lanka

Historically, there were major barriers preventing farmers from utilising insurance, including the lack of affordable and reliable insurance products, a lack of understanding about how insurance would help a farmer survive, and when and how a claim would be paid. This new blockchain technology directly addresses those issues as the insurance products are automated

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