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Indian
Gangrene, hearing loss point to Delta variant of Covid-19 being more severe
The most alarming aspect of the current epidemic in India is the rapidity with which the virus is spreading, including to children, said Chetan Mundada, a pediatrician with the Yashoda group of hospitals in Hyderabad.Apollo’s Ghafur said he was also seeing entire families with Covid symptoms, instead of the individuals that dominated last year, reflecting an increase in household transmission caused by the Delta variant.
General Insurance industry likely to grow cautiously in FY2022; underwriting losses set to rise : ICRA
The private sector players had a higher growth trajectory in FY2019 and FY2020; and have gained market share from the PSU players. The private sector reported a 8% Y-o-Y increase in GDPI at Rs. 1.1 trillion in FY2021. Private sector players were able to adapt to the changing business dynamics in CY2020 at a faster pace compared to the PSU players. Private sector with a relative better risk framework was able to increase the market share in fire segment, and health segment. In addition, the private sector also has a higher share in crop insurance underwritten in FY2021.
Govt sets maximum price of vaccines for private hospitals: Covishield Rs 780 a dose, Covaxin Rs 1410
”The private hospitals may charge up to a maximum of Rupees 150 per dose as service charges. State governments may monitor the price being so charged,” the ministry said.
The ministry also requested states and union territories to regularly monitor the prices being charged by the private CVCs from the citizens.
Govt allocates Rs 40,700 cr for waste management in 2 lakh villages under Swacch Bharat Mission
International
Storm Pabuk kills 3, forces over 34,000 to evacuate in Thailand
372,000 German drivers join legal action against Volkswagen
POP ties up with Allianz Australia for M&A Insurance, targets Asia
Fusion M&A, supported by Allianz, is offering a full suite of Transactional Insurance solutions, including Warranty & Indemnity, Tax Opinion, and Contingent Liability; serving the Private Equity and Corporate M&A marketplace.It has developed an extensive ecosystem of advisory, legal,financial, technology and insurance partners across APAC.
Myanmar set to approve licenses for foreign insurers
life insurance providers will be given two options to operate. The first option allows not more than three licenses for foreign life insurers to operate as 100 percent wholly owned subsidiaries. The second allows foreign life insurers with a representative office in Myanmar to form a joint venture with a local life insurer.Two large Indian state owned insurers, The non-life insurance providers with rep offices in Myanmar will be allowed to form a JV with local non-life insurers.The New India Assurance, country’s largest non-life company and the Life Insurance Corporation(LIC), are keen to set up their operations in Myanmar.
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