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Indian
US reissues travel advisory urges Americans not to travel to India
“Do not travel to India due to COVID-19. Exercise increased caution due to crime and terrorism,” the State Department said on Wednesday in its latest travel advisory that looked identical to the one issued on April 28.
Both the travel advisory has been marked ‘Level 4’ which is the highest warning level.
Foreign players can invest upto 74% in Indian insurance sector soon:Irda Chief
“We are committed to usher in risk-based capital (RBC) framework, which is more objective and beneficial for insurers that manage risk well. It should be possible to change over in a period of 3 years. We also plan to synchronise with the new accounting standard Ind AS 117 based on IFRS-17,” explained said Subhash Khuntia, chairman, IRDAI in an interview with Asia Insurance Post..
India’s fiscal response to COVID conservative, need large stimulus: Report
Azim Premji University’s .report, ‘State of Working India 2021: One Year of Covid-19,’ said the impacts of the second wave are still unfolding and may be as large, or larger than the first one.
Further, coming as it does on the back of depleted savings, debt, and reduced fallback options, the second wave can lead to potentially larger impacts on work, incomes, food security, health and education, the report said.
COVID-19 resurgence bringing renewed challenges for India; GDP growth seen at 9.5 pc: Fitch
With 8.5 hospital beds per 10,000 population and eight physicians per 10,000, the country’s healthcare sector is not equipped for such a crisis. Hospitals across the country have filled to capacity and in addition to oxygen running out, intensive care units are operating at full capacity and nearly all in the country ventilators are in use.
International
Lloyd’s announces an aggregated market loss of £2bn for 2017
Self-driving Uber kills US woman in first fatal crash involving pedestrian
UBER said it was suspending North American tests of its self-driving vehicles, which are currently going on in Arizona, Pittsburgh and Toronto.“This tragic accident underscores why we need to be exceptionally cautious when testing and deploying autonomous vehicle technologies on public roads,” said Democratic Senator Edward Markey, a member of the transportation committee, in a statement.
Allianz expands entertainment insurance to Asia with Singapore launch
GIC Re’s new Lloyd’s Syndicate to begin ops in Apr
Alice Vaidyan, CMD, GIC Re, said,“The Indian official reinsurer wishes to be the 10th (currently 12th) largest reinsurer in the world at the end of the current fiscal and the Syndicate formation marks an inflexion point in our corporate history through provision of global business access in collaboration with a globally respected brand and will help us broaden diversification and leverage deployment of capital resources.”
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