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Indian

Smokers face 40-50 pc higher risk of severe diseases, death from Covid: Vardhan

“We have set an ambitious target of reducing tobacco use by 30 per cent by 2025. Our tobacco control targets have been devised keeping in view the targets for control of non-communicable diseases and are consistent with the targets set under the SDGs. We will be soon releasing the findings of fourth round of Global Youth Tobacco Survey conducted among 13-15 year school going students,” Union Health Minister Harsh Vardhan said.

Provide price capping waiver, indemnity for Moderna’s single-dose Covid-19 vaccine: Cipla to Govt

Requesting the government to provide confirmation on four critical points — exemption from price restriction, indemnification, bridging trial waiver and basic customs duty exemption,

Cipla has said such an assurance will help make this significant financial commitment of more than USD 1 billion (over Rs 7,250 crore) advance to Moderna for its booster vaccine in India, sources privy to the development said.

India’s active COVID caseload below 20-lakh mark, 1,27,510 new cases reported

India recorded nearly 90.3 lakh Covid cases in May, by far the highest monthly count reported in any country so far. Although infections steadily declined through the second half of the month, the numbers overall were so high that the case count in May was 30% higher than the previous record of 69.4 lakh, also reported in India in the month of April.

International

ILS as an established asset class continues its momentum:Willis Survey

James Kent, Global Chief Executive Officer, Willis Re commented: “The industry has widely reported the growth in the ILS market and this comprehensive survey further supports the development of ILS as an asset class despite the challenges of the catastrophe events in 2017

Shareholders of Singapore Reinsurer ACR Capital Eyeing Sale: Sources

The company’s owners, which include Temasek Holdings Pte and Khazanah Nasional Bhd., have asked banks to pitch for a role on a potential transaction, according to the people. A deal could value ACR at about $800 million, the people said, asking not to be identified because the information is private.

AIR Worldwide Develops Probabilistic Model for Global Cyber Risks

“Many insurers are challenged to understand how often various types of cyber incidents can occur and how they can affect the performance of their book. As a result, decisions on product development, underwriting, portfolio optimization, and capital allocation tend to be made with limited data, and too much weight is often put on intuition or broad assumptions. This is where probabilistic modeling can help the industry better manage cyber risk globally,” said Prashant Pai, vice president of cyber offerings at Verisk, the parent company of AIR Worldwide

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