Indian
Sitharaman chairs meeting of banks, insurance firms; reviews preparedness for cyclone ‘Biparjoy’
Niramala Sitharaman,Union Finance Minister ''MDs from the banks...
Fire in Kolkata airport, passengers panic
No casualty was reported Kolkata: A fire broke out near a departure...
Zurich Insurance Group in talks to buy up to 51% stake of Kotak General Insurance for $400 million
Kotak, which is a relatively smaller general insurance player, is...
IRDA asks industry players to strictly comply with norms on reporting of `Cyber Security Incident’
All regulated entities are directed to scrupulously follow the...
International
Immunized but banned: EU says not all Covid vaccines equal
Although AstraZeneca vaccine produced in Europe has been authorized by the continent’s drug regulatory agency, the same shot manufactured in India hasn’t been given the green light. EU regulators said AstraZeneca hasn’t completed the necessary paperwork on the Indian factory, including details on its production practices and quality control standards.
Hannover Re expects higher prices in P&C 2022 reinsurance renewals
The Asia-Pacific region is evolving into one of the largest global insurance markets. This growth holds the promise of further significant business opportunities, in part because the insurance density here is still lower than in more mature markets. Not only in property and casualty reinsurance but also in the health and provision sector, appreciable growth rates can be anticipated over the medium to long term, which will also benefit reinsurers.
Ida losses to range from $17 to $ 25 billion:AIR
Included in the estimates are losses to onshore residential, commercial, industrial properties, and automobiles for their building, contents, and time element coverage, as well as estimated insurance take-up rates for wind and flood across the entirety of Ida’s track, including the flooding that occurred in the Northeast.
AIR’s losses do not include any estimate of losses from the National Flood Insurance Program, or any losses from offshore assets. The industry loss estimates also reflect an adjustment to account for increased material and other repair costs in the current construction market.
Britain begins world’s largest trial of blood test for 50 types of cancer
The Galleri test looks at the DNA in a patient’s blood to determine if any come from cancer cells. Earlier diagnosis of cancers leads to dramatically increased survival rates.
“We need to study the Galleri test carefully to find out whether it can significantly reduce the number of cancers diagnosed at a late stage,” said Peter Sasieni, professor of cancer prevention at King’s College London.
Lung cancer is by far the most common cause of cancer death in the United Kingdom, accounting for around a fifth of all cancer deaths. Lung, bowel, prostate and breast cancers account for 45% of the United Kingdom’s cancer deaths, the NHS said.
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