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India records highest Coronavirus deaths in more than a month

by AIP Online Bureau | Sep 8, 2020 | Disaster & Management, Eco/Invest/Demography, Health, Indian News, Non-Life, Pandemic

New Delhi, India's COVID-19 caseload rose to 42,80,422 on Tuesday with 75,809 instances of the viral infection recorded in the last 24 hours, while a record 1,133 fatalities took the death toll to 72,775, the Union health ministry data showed. However, the...

GIC Re incurs losses of Rs 557 cr in Q1 FY2020-21, sees higher underwriting losses and lower investment income

by AIP Online Bureau | Sep 8, 2020 | Indian News, Non-Life, Pandemic, Reinsurance

  Mumbai: With reduced premium,investment income and higher underwriting  losses, state owned GIC Re suffered a loss of Rs  557.47 crore in Q1 Fy 2020-21 as compared to profit after tax of ₹ 108.60 crore for corresponding quarter of the previous...

Swiss Re sees positive outlook for renewals, further market hardening expected

by AIP Online Bureau | Sep 8, 2020 | International News, Non-Life, Pandemic, Reinsurance, Technology

Zurich: Following rate improvements in many markets, and particularly in loss-affected segments, Swiss Re expects further rate hardening across all lines of business. At the same time, the reliance on underwriting profits increases in the low interest rate...

China unveils global data security initiative, says some countries bullying others

by AIP Online Bureau | Sep 7, 2020 | Eco/Invest/Demography, Technology

  BEIJING: China announced an initiative on Sep 8 to establish global standards on data security, saying it wanted to promote multilateralism in the area at a time when "individual countries" were "bullying" others and "hunting"...

“World must be more ready for next Pandemic” : WHO

by AIP Online Bureau | Sep 7, 2020 | Eco/Invest/Demography, Health, International News, Pandemic

  GENEVA:  World Health Organization chief Tedros Adhanom Ghebreyesus said on Monday the world must be better prepared for the next pandemic, as he called on countries to invest in public health. More than 27.19 million people have been reported to be...

Centre highlights protections for disabled govt employees seeking voluntary retirement

by AIP Online Bureau | Sep 7, 2020 | Eco/Invest/Demography, Indian News, Policy

  New Delhi: Disbaled government employees seeking voluntary retirement due to the hardships faced by them can continue in service with the same pay scale and benefits, the Personnel Ministry said in an order issued on Monday, highlighting the different...

China offers experimental Coronavirus vaccine to Aviation workers

by AIP Online Bureau | Sep 7, 2020 | Disaster & Management, Eco/Invest/Demography, Health, International News, Pandemic

  China has offered experimental coronavirus vaccines to aviation industry workers, according to a regulatory notice seen by Reuters, in a push to inoculate high-risk groups to prevent a possible resurgence as economies reopen. China, which has four COVID-19...

McDonald’s takes action against Australia’s Burger King over ‘Big Jack’

by AIP Online Bureau | Sep 7, 2020 | Eco/Invest/Demography, International News, Non-Life, Risk Management

Global fast food giant McDonald’s Corp. has filed a trademark infringement notice in Australia after the local unit of Burger King created a similar product called the “Big Jack,” according to a local newspaper report on Thursday. Australian...

Fall in GDP alarming; time for bureaucracy to take meaningful action: Rajan

by AIP Online Bureau | Sep 7, 2020 | Eco/Invest/Demography, Indian News, Risk Management

New DelhI: Terming the 23.9 per cent fall in economic growth in June quarter alarming, former Reserve Bank Governor Raghuram Rajan has said bureaucracy should come out of complacency and take meaningful action. The current crisis requires a more thoughtful and active...

As India’s Covid-19 cases rise, docs ‘scared like the patients, exhausted’

by AIP Online Bureau | Sep 7, 2020 | Disaster & Management, Eco/Invest/Demography, Health, Indian News, Pandemic

New Delhi: Doctors at one of the largest private Covid-19 facilities in Delhi say they are exhausted and facing staff shortages after nearly six months of relentless work. India’s total cases of the novel coronavirus crossed 4.2 million on Monday, overtaking...
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