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Insurers can now offer short-term Covid-19 policies:IRDAI

by AIP Online Bureau | Jun 23, 2020 | Eco/Invest/Demography, Health, Indian News, Regulation

  Hyderabad: Even as Coronavirus cases in India have climbed to 4,40,215,with a death toll of 14,011, the insurance regulator IRDAI has now allowed the insurers,( all Life, General and Health Insurers)  to offer COVID – 19 specific short term...

Insurers’ debt remains attractive to investors during COVID-19 uncertainty:S&P

by AIP Online Bureau | Jun 23, 2020 | International News, Life, Non-Life, Pandemic, Reinsurance

  London: S&P Global Ratings expects the insurance sector to tap the global debt markets and refinance, as needed, its upcoming redemptions in line with investor expectations.   “We estimate that about $140 billion (or 20% of total...

Nikhil Rathi appointed as Chief Executive of UK’s FCA

by AIP Online Bureau | Jun 23, 2020 | Eco/Invest/Demography, International News, Regulation

  London:: HM Treasury have today announced the appointment of Nikhil Rathi as the new permanent Chief Executive of the Financial Conduct Authority (FCA). Nikhil is currently the Chief Executive of London Stock Exchange plc. From September 2009 to April 2014, he...

Global coronavirus cases top 9 million as outbreak surges in Brazil, India

by AIP Online Bureau | Jun 23, 2020 | Disaster & Management, Eco/Invest/Demography, Health, International News, Pandemic

Global cases of the novel coronavirus surpassed 9 million on Monday, as Brazil and India grappled with a surge in infections, and the United States, China and other hard-hit countries reported new outbreaks, according to a Reuters tally.The first case was reported in...

Coronavirus cases in India climb to 4,40,215, nearly 11,000 recoveries in single day

by AIP Online Bureau | Jun 23, 2020 | Disaster & Management, Eco/Invest/Demography, Health, Indian News, Pandemic

New Delhi, With 14,933 people testing positive for coronavirus in a single day, India's COVID-19 tally climbed to 4,40,215 on Tuesday while the death toll rose to 14,011 with 312 new fatalities, according to the Union Health Ministry data.   The number of...

Patanjali to launch ayurvedic drug for Covid-19, claims cure within 14 days

by AIP Online Bureau | Jun 23, 2020 | Disaster & Management, Eco/Invest/Demography, Facts, Health, Pandemic

  New Delhi: Patanjali will launch the ayurvedic medicine for treating Covid-19 at Patanjali Yogpeeth in Haridwar on Tuesday.   "Proud launch of first and foremost evidence-based ayurvedic medicine for #corona contagion, #SWASARI_VATI, #CORONIL, is...

ICICI Bank divests 1.5% stake in ICICI Pru Life for Rs 840 crores

by AIP Online Bureau | Jun 22, 2020 | Banking & Bancassurance, Eco/Invest/Demography, Indian News, Life

Mumbai: ICICI Bank bank, on Monday, sold 1.5 per cent stake in its life insurance arm ICICI Prudential Life for Rs 840 crore.   Following this, the Bank’s shareholding in ICICI Prudential Life Insurance Company Limited stands at approximately 51.4 per...

South Korea says it is battling ‘second wave’ of coronavirus

by AIP Online Bureau | Jun 22, 2020 | Uncategorized

  SEOUL:  Health authorities in South Korea said for the first time on Monday it is in the midst of a “second wave” of novel coronavirus infections around Seoul, driven by small but persistent outbreaks stemming from a holiday in May.The Korea...

2-day `Connected Claims Europe’ goes virtual,to be held on Aug 18-19

by AIP Online Bureau | Jun 22, 2020 | International News, Non-Life, Technology

  London: A 2-day Connected Claims Europe, to be held on during Aug 18-19, has been officially launched as a virtual claims event. All insurance executives can attend the the virtual event for free for the first time..   The next generation of claims is...

India’s COVID-19 tally 4,25,282 with 14,821 fresh cases, death toll rises to 13,699

by AIP Online Bureau | Jun 22, 2020 | Disaster & Management, Eco/Invest/Demography, Health, Indian News

New Delhi: India on Monday added 14,821 new COVID-19 cases pushing the infection tally to 4,25,282, while the death toll rose to 13,699 with 445 new fatalities, according to Union Health Ministry data.   The country crossed the four lakh-mark on Sunday eight days...
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