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Indian
7 killed in cyclone Yaas in Bihar;Nitish orders payment of Rs 4 lakh each compensation to their families
Harrowing tale of lapses in India sea disaster in ONGC’s barge collapse
State-run ONGC, the country’s biggest explorer, and its billionaire-owned offshore engineering contractor are under growing pressure to explain their roles in one of the world’s worst offshore oilfield disasters in recent memory.
Interviews with survivors, rescue officials and executives from ONGC suggest that a serious misreading of the weather, as well as human error and safety lapses led to the tragedy.
Daily COVID-19 count in India lowest in 44 days, daily death toll at 3,660
The daily positivity rate has declined to 9 per cent. It has been less than 10 per cent for four consecutive days, the ministry said, adding the weekly positivity rate has further declined to 10.42 per cent. Recoveries continue to outnumber daily new cases for the 15th consecutive day, it said. The active cases have further reduced to 23,43,152 comprising 8.50 per cent of the total infections with a net decline of 76,755 cases in the active caseload in 24 hours, while the national COVID-19 recovery rate has improved to 90.34 per cent.
Burnout and depression spiral among India’s traumatised doctors
The number of doctors for every 10,000 people in India has fallen to around nine in 2019 from 12 in 1991, according to data on World Health Organization’s website, while the country’s health expenditure was just 3.54% of GDP, lower than countries including Iraq, Afghanistan, Egypt, China and Kenya.
India must now strengthen its health system by investing in hard infrastructure and human resources and making its data transparent, said Yamini Aiyar, the president of the New Delhi-based Centre for Policy Research.
International
Geopolitical tensions create significant increase in political risk losses up from 2017:Survey
Larger companies were more likely to report using avoidance strategies – among companies with more than $1 billion in revenues, 82% stated that they had scaled back investments, and 86% had avoided future investments. Companies most frequently reported scaling back investments in Nigeria, Iran, Russia and Venezuela.
Collaborative approach between incumbent insurers and InsurTechs gains traction:World InsurTech Report 2018
The report finds that insurance executives across the industry believe that InsurTechs will be a major catalyst to redefine the customer experience, deliver widespread efficiencies, and create new business models. The industry also expects disruption and new competition to come from BigTech[2] companies and manufacturers. This comes in the wake of an InsurTech sector that saw investment increase at a compound annual growth rate of 36.5 percent between 2014 and 2017
Pakistan approves first Islamic reinsurance service
Islamabad: Pakistan’s capital market regulator has...
Indonesia earthquake and tsunami: How warning system failed the victims
Palu – a city in Sulawesi located in a narrow bay – was hit by waves as high as six metres. The surging water brought buildings down and caused widespread destruction. Hundreds of people had gathered for a beachfront festival and it was was a scene of horror as waves powered over the beach – sweeping up everything in their path.
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