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German ‘insurtech’ Wefox raises $650 mln at valuation of $3 bln

by AIP Online Bureau | Jun 1, 2021 | Intermediaries, International News, Technology

  Digital insurance startup Wefox said on Tuesday it had raised $650 million from investors, in what it called a record-breaking round for a so-called insurtech company that valued the business at $3 billion. The funding means Berlin-based Wefox has grown in...

By July or early August, will have enough COVID-19 vaccine to inoculate 1 cr people a day: Centre

by AIP Online Bureau | Jun 1, 2021 | Eco/Invest/Demography, Health, Indian News, Non-Life, Pandemic

  New Delhi: The Centre on Tuesday said that by July or early August, there will be enough Covid vaccines to inoculate 10 million people a day. It also said that mixing vaccines is not a protocol till further update and there is no change in the schedule of the...

Lucknow man alleges no antibodies developed after taking Covishield shot, files complaint against Adar Poonawalla, ICMR chief

by AIP Online Bureau | Jun 1, 2021 | Eco/Invest/Demography, Facts, Health, Non-Life, Pandemic

  Lucknow: A man from Lucknow has filed a police complaint against Serum Institute of India CEO Adar Poonawalla, ICMR director-general Dr Balram Bhargava and others on Tuesday alleging that no antibodies against COVID-19 were developed in his body despite being...

X-Ray Setu plans to on-board 10K doctors for COVID detection in rural areas

by AIP Online Bureau | Jun 1, 2021 | Eco/Invest/Demography, Health, Indian News, Non-Life, Pandemic

Artificial intelligence-based X-Ray Setu, which operates through Whatsapp, plans to onboard 10,000 doctors in small towns and rural areas where RT-PCR tests and CT-scans are not available to detect COVID-19 cases, a senior official of AI and robotics body Artpark said...

2.21 lakh hectare of crops damaged in Cyclone Yaas in Bengal, says Mamata

by AIP Online Bureau | Jun 1, 2021 | Disaster & Management, Eco/Invest/Demography, Indian News, Non-Life

  Kolkata: West Bengal Chief Minister Mamata Banerjee on Monday said that the state has incurred a total loss of more than Rs 20,000 crore due to Cyclone Yaas which battered the state last week and around 2.21 lakh hectare of crops were damaged. The chief...

Covid-19: HC notice to Centre, ICMR, Delhi Govt on advisory barring repeat RTPCR tests

by AIP Online Bureau | Jun 1, 2021 | Eco/Invest/Demography, Health, Indian News, Pandemic

  New Delhi: The Delhi High Court on Tuesday issued notices to the central government, Indian Council of Medical Research (ICMR) and Delhi Government on a plea seeking to strike down advisory that states that Covid-19 RT PCR test must not be repeated in any...

Lilly India gets nod for use of monoclonal antibody drugs for treating Covid-19

by AIP Online Bureau | Jun 1, 2021 | Facts, Health, Non-Life, Pandemic

Eli Lilly and Company India said on Tuesday it has received permission for restricted emergency use of its antibody drugs bamlanivimab 700 mg and etesevimab 1,400 mg in India for treatment of patients with mild to moderate coronavirus disease 2019 (Covid-19). Both...

No decision on Baden-Baden Reinsurance Meeting 2021 till June 15

by AIP Online Bureau | Jun 1, 2021 | Health, International News, Non-Life, Pandemic, Reinsurance

  Baden Baden: The organisers of annual Baden-Baden Reinsurance Meeting has decided to not to open registration and booking options for the Baden-Baden Meeting 2021 untill June 15, 2021 due to covid-19 pandemic situation.  Hotels will not take any...

Monsoon likely to be normal in north and south, above-normal in central India: IMD

by AIP Online Bureau | Jun 1, 2021 | Eco/Invest/Demography, Indian News, Non-Life

NEW DELHI: The Southwest Monsoon is likely to be normal in north and south India, above-normal in central India and below-normal in east and northeast India, the MeT department said on Tuesday. Releasing its Second Long Range Forecast for Southwest Monsoon 2021, India...

AM Best maintains negative outlook on India non-life insurance

by AIP Online Bureau | Jun 1, 2021 | Eco/Invest/Demography, Health, Indian News, Non-Life, Pandemic

  SINGAPORE: International rating agency AM Best has maintained its negative market segment outlook on India’s non-life insurance industry as the ongoing COVID-19 pandemic is likely to exacerbate pressure on India non-life insurers’ underwriting...
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