by AIP Online Bureau | Sep 8, 2020 | Eco/Invest/Demography, International News, Life, Non-Life, Pandemic, Regulation, Reinsurance
LONDON: Global regulators should not ban insurers from paying dividends as a result of COVID-19 and should give firms more time to report their capital positions, European insurers said on Monday. The pandemic will likely lead to between $50 and $100 billion in losses...
by AIP Online Bureau | Sep 8, 2020 | Eco/Invest/Demography, Facts, Health, Non-Life, Pandemic
Mumbai airport has put in place a QR code-enabled contactless check-in mechanism for the passengers, which allows them the use of their mobile phones to remotely operate check-in and self-bag drop kiosks for printing boarding passes and bag tags. Passengers at Mumbai...
by AIP Online Bureau | Sep 8, 2020 | Eco/Invest/Demography, Health, Indian News, Pension & Social Security
New Delhi: The Union Cabinet is believed to have discussed labour reforms in detail on September 8 so that the remaining three Codes pending in the Lok Sabha could be pushed for Parliament nod during the Monsoon session beginning on Monday. "The Union Cabinet...
by AIP Online Bureau | Sep 8, 2020 | Eco/Invest/Demography, Facts, Technology
Mumbai: Number of customers preferring to buy high-value products through instalments stood at an "all-time high" during the coronavirus pandemic, the country's largest private sector lender HDFC Bank said on September 8. Even as concerns get raised...
by AIP Online Bureau | Sep 8, 2020 | Eco/Invest/Demography, Indian News, Non-Life, Pandemic, Reinsurance
Hong Kong: General insurance business in India is expected to contract by 9% in 2020 due to COVID-19, a sharp decline from the 10% growth witnessed in 2019, according to GlobalData, a leading data and analytics company. GlobalData has revised India’s insurance...
by AIP Online Bureau | Sep 8, 2020 | Eco/Invest/Demography, Health, Indian News, Technology
New Delhi: The Indian healthcare industry needs to shift from traditional in-person doctor-patient interaction to digitally-enabled remote consultations, according to an EY-IPA study which said the domestic telemedicine market will reach USD 5.5 billion by 2025....
by AIP Online Bureau | Sep 8, 2020 | Eco/Invest/Demography, International News
HONG KONG: QBE Hong Kong today announced the launch of a new mental health support coverage, offering unique COVID-19 support to individuals and their families, with a view to assisting people facing mental health concerns due to the pandemic. The mental health...
by AIP Online Bureau | Sep 8, 2020 | Health, Indian News, Life, Pandemic
New Delhi: Max Life Insurance Company today announced the launch ofits“Max Life COVID-19 One Year Term Rider (Covid -19 Rider)(A Non-Linked Non-Participating Individual pure risk premium life insurance rider. Starting at anaffordable annualized premium of Rs 271...
by AIP Online Bureau | Sep 8, 2020 | Eco/Invest/Demography, Health, Indian News, Non-Life, Pandemic
Washington: India, a global hub for generic drugs, has launched a new scheme to boost production of active pharmaceutical ingredients that are greatly dependent on the Chinese supply chain, according to NITI Aayog CEO Amitabh Kant. Speaking at the 14th Annual...
by AIP Online Bureau | Sep 8, 2020 | Eco/Invest/Demography, Indian News
New Delhi: India is witnessing the weakest hiring sentiment in 15 years with just 3 per cent companies planning to add staff in the next three months, a survey of over 800 employers said on Tuesday. According to the ManpowerGroup Employment Outlook Survey, that...
