Indian

Average 13 lakh new demat accounts added every month since Apr 2020

Jun 6, 2021

But, a vast majority of these accounts are inactive. An industry study in March 2020 said only a fourth of then 4 crore accounts were active.

According to Sebi guidelines, a demat account that has not been operated for a year is considered inactive.

IndusInd Bank to raise climate financing to 3.5% in 2 years

Jun 6, 2021

The bank will be increasing the allocation of capital towards climate finance to 3.5 per cent of its loan book over the next two years, which is currently at 2.7 per cent, IndusInd Bank said on the occasion of the World Environment Day.

India reports 1,00,636 new COVID cases, lowest in last 61 days

Jun 6, 2021

The new fatalities pushed the COVID death toll in the country to 3,49,186. As many as 36,63,34,111 samples have been tested in the country up to June 6 including 15,87,589 samples tested on Sunday, informed the Indian Council of Medical Research.

Unlock: Mumbai at level 3; local trains yet off-limits for common people

Jun 5, 2021

As per the state government’s notification, municipal corporations and districts in Maharashtra with a positivity rate between 5 per cent and 10 per cent and occupancy of oxygen beds over 40 per cent are categorised under level 3.
As per the fresh guidelines issued by the Brihanmumbai Municipal Corporation (BMC) on Saturday, local trains will remain available only for specific categories.In a notification issued on Friday night, the Maharashtra government had stated local trains will remain available for ”medical, few essentials and women”, but authorised the civic administrations to put additional restrictions they deem fit.

The reference of ”women” was deleted by the BMC in its latest order which stated that entry in suburban trains will be restricted only for ”medical and few essentials.

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International

Insured losses from California Wildfire Between $6 bn and $9 bn: AIR Worldwide

Dec 6, 2018

The fact that damage from fire, including wildfire, is included in standard homeowners’ policies in California informs the assumption of nearly 100% take-up rates. The range of loss estimates is based on the modeled loss within the burn scar and reflects uncertainty in the payment of additional living expenses resulting from mandatory evacuations, loss of some individual structures outside of the most affected neighborhoods, extra expense and ordinance losses, as well as loss due to smoke, loss of electricity, and damage from suppression efforts.

Actuaries face uncertainty amid encroachment by Data Scientists

Dec 5, 2018

Seasoned actuaries often earn more than $200,000, and the field perennially ranks near the top of “best career” surveys. A Bankrate.com survey from this summer called actuarial science the most valuable bachelor’s degree based on pay and employment. However, industry conventions are rife with warnings that data scientists are encroaching on actuaries’ turf, and that their lack of speaking skills keeps them locked in bookish roles at insurers.

Self-Driving Vehicle Regulation Bill gets late push in US Senate

Dec 5, 2018

Under the legislation, automakers would be able to win exemptions from safety rules that require human controls. States could set rules on registration, licensing, liability, insurance and safety inspections, but not set performance standards.

Early diagnosis of disease to drive future life expectancy, Swiss Re

Dec 5, 2018

Digital health tools like telemedicine and wearables can play an important role in driving future mortality improvement. These technologies not only improve access to care but also encourage healthcare markets to compete for lower, more affordable options.

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