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Indian

BBB selects Gupta and Singh for heading National Insurance and United India

“The Board of the Bureau headed by BP Sharma interfaced with eight candidates on Friday for the forthcoming CMD positions in NIC and UII and  keeping in view their performance in the interface and their overall experience, Gupta and Singh have been selected for the two posts,” said BBB on Friday late evening.

IRDA asks insurers to launch Standard Domestic Travel Insurance Policy by July 1

A Standard Domestic Travel Insurance Policy will have Room Rent, Boarding, Nursing Expenses all inclusive as provided by the Hospital / Nursing Home up to 2 per cent  of the sum insured subject to maximum of Rs.10000/- per day, are allowed in the policy.

Intensive Care Unit (ICU) charges/ Intensive Cardiac Care Unit (ICCU) charges all inclusive as provided by the Hospital / Nursing Home up to 4 per cent of the sum insured subject to maximum of Rs.20,000/- per day, can availed by a customer..

International

Land degradation may affect 3.2 billion people globally: Report

“With negative impacts on the well-being of at least 3.2 billion people, the degradation of the earth’s land surface through human activities is pushing the planet towards a sixth mass species extinction,” said Robert Scholes of South Africa, co-chair of the assessment with Luca Montanarella of Italy. 

B3i founders form blockchain startup

B3i Services AG’s purpose is to provide insurance solutions on a blockchain platform that substantially improves efficiency across the value chain of the re/insurance industry — in some cases up to 30 percent. These innovative solutions benefit both insurance companies and customers through improved speed, transparency, quality, security, and cost.

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