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Govt sets 50 lakh users threshold to define ‘significant social media intermediary’ under IT rules

by AIP Online Bureau | Feb 27, 2021 | Eco/Invest/Demography, Indian News, Risk Management, Technology

  New Delhi: The government has fixed fifty lakh registered users as the threshold for defining 'significant social media intermediary', which will have to adhere to additional obligations and compliance under the new IT rules that seek to crack down on...

Specialty insurer and reinsurer SiriusPoint launches with over $3bn in capital

by AIP Online Bureau | Feb 27, 2021 | Eco/Invest/Demography, International News, Reinsurance, Technology

  HAMILTON, Bermuda: SiriusPoint Ltd, an international specialty insurance and reinsurance company, has today launched with over $3 billion in initial capital. The Bermuda-based Company has been formed as the result of the previously announced merger between...

S&P insurers moving cautiously in the aftermath of massive Texas Ice storm Uri

by AIP Online Bureau | Feb 27, 2021 | Disaster & Management, Eco/Invest/Demography, International News, Reinsurance

  NEW YORK: Based on preliminary observations, S&P Global Ratings thinks the estimated insured losses covered by private insurers on the unusually severe Winter Storm Uri that began on Feb. 9, 2021, and swept through Texas and neighboring states are somewhat...

Fintech players get $2.7 bn from VCs in 2020: Report

by AIP Online Bureau | Feb 27, 2021 | Eco/Invest/Demography, Indian News, Technology

  New Delhi: Despite the pandemic-induced disruptions, venture capital funds pumped $2.7 billion into domestic fintech companies in 2020, the second-highest fund infusion into the sector since 2019 when it had peaked at $3.5 billion, according to a report. The...

UK health insurers’ profitability still strong despite coronavirus disruption:Fitch

by AIP Online Bureau | Feb 27, 2021 | Eco/Invest/Demography, Health, International News, Non-Life, Pandemic

  London: The coronavirus pandemic will have only a minimal impact on UK health insurers' earnings in 2020-2021, Fitch Ratings says in a new report. Claims have reduced due to restricted hospital access, but we do not expect increased profits for insurers...

Rare Disease Day: Health advocacy groups press for govt policy, say India’s numbers unknown

by AIP Online Bureau | Feb 27, 2021 | Eco/Invest/Demography, Health, Indian News, Non-Life, Risk Management

  New Delhi,Feb 27: Only 450 of the 8,000 known rare diseases in the world are recognised in India, an anomaly that underscores a mounting health crisis in which many patients go without being diagnosed accurately or treated on time, say experts while stressing...

Govt fixes Covid vaccine price at Rs 250 a shot for pvt hospitals

by AIP Online Bureau | Feb 27, 2021 | Eco/Invest/Demography, Health, Indian News, Non-Life, Pandemic

  New Delhi: Eligible COVID-19 vaccine aspirants in Gujarat will have to pay Rs 250 per shot if they opt to get themselves inoculated at 522 designated private hospitals during the second phase of the vaccination drive beginning March 1, the state government said...

India records 16,488 new COVID-19 cases, 113 deaths

by AIP Online Bureau | Feb 26, 2021 | Eco/Invest/Demography, Indian News

New Delhi: India registered a single-day spike of over 16,000 COVID-19 cases for the third day in a row on Saturday, pushing the infection tally to 1,10,79,979, while the recoveries surged to 1,07,63,451, according to Union Health Ministry data. A total of 16,488...

DGCA extends suspension of int”l commercial passenger flights till Mar 31

by AIP Online Bureau | Feb 26, 2021 | Eco/Invest/Demography, Health, Indian News, Pandemic

  Mumbai: Aviation regulator DGCA on Friday extended the suspension of international commercial passenger flight services till March 31. Scheduled international flight operations were suspended from March 23 last year in the wake of the COVID-19 pandemic in the...

Carbon-cutting pledges by countries nowhere near enough:UN

by AIP Online Bureau | Feb 26, 2021 | Climate, Environment, Renewable Energy, Disaster & Management, Eco/Invest/Demography, International News

  United Nation: The newest pledges by countries to cut greenhouse gas emissions are falling far short of what's needed to limit global warming to what the Paris climate accord seeks, a new United Nations report finds. So the U.N.'s...
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