Tag: rising

Posted in Insurance

Rising Health Issues Worldwide Driving Demand for Health Insurance Market to Grow $4.47 Trillion, Globally, at 4.4% CAGR

Pune, Maharashtra, India, September 9 2020 (Wiredrelease) Allied Analytics :Increase in healthcare expenses, mandatory provision of healthcare insurance for public and private sectors, and rise in prevalence of chronic diseases have boosted the growth of the global health insurance market. However, stringent regulation and longer time for claim reimbursement and dearth of awareness of healthcare insurance in rural region hamper the market. On the contrary, innovation in healthcare insurance products is expected to create lucrative opportunities in the near future.

According to the report, the global health insurance industry was pegged at $3.15 trillion in 2018 and is projected to reach $4.47 trillion by 2026, registering a CAGR of 4.4% during the forecast period.

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Public service providers segment dominated the market

The public service providers segment held the largest share in 2018, accounting for more than half of the global health insurance market, as these

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Posted in Business

Health insurance awareness rising but not leading to surge in policy sales, says Bajaj Allianz General CEO



a man wearing a suit and tie smiling at the camera: Health insurance awareness rising but not leading to surge in policy sales, says Bajaj Allianz General CEO


© M Saraswathy
Health insurance awareness rising but not leading to surge in policy sales, says Bajaj Allianz General CEO

Even as the Coronavirus (COVID-19) has brought forth the necessity to buy health insurance, the actual number of policies taken may not be adequate.

Tapan Singhel, MD & CEO of Bajaj Allianz Health Insurance told Moneycontrol in an interview that while COVID-19 has started a serious conversation around buying health insurance, not all of it is translating into sales.

“There is a perception that everyone is now buying health insurance in India. But that is not the case,” said Singhel.

In fact, the Insurance Regulatory and Development Authority of India (IRDAI) member non-life T L Alamelu had also said on August 19 that there is a big gap in health insurance coverage in India.

Even as 2.77 million Indians have tested positive for Coronavirus (COVID-19) so far, only 1,25,000 health

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Posted in Personal

UM professors upset over school’s plan to have in-person classes amid rising COVID cases

As Miami-Dade County — the epicenter of the pandemic in Florida — reports thousands of COVID-19 cases each day, some faculty and staff at the University of Miami are pushing back over the school’s plan to reopen its campuses, feeling the administration has ignored their pleadings over personal safety.

The private university, based in Coral Gables, granted its nearly 17,000 students the power to decide how to learn, but failed to do the same for many of its approximately 16,000 faculty and staff, full and part time, some employees said.

Students got two choices: Take classes entirely remotely, or return to campus and take some classes in person and some online, which UM describes as a “hybrid protected model.” UM encouraged professors who qualify as vulnerable with underlying medical conditions, as defined by the Centers for Disease Control and Prevention, to request accommodations, but didn’t do same for those who

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Posted in Insurance

Hong Kong closes schools amid rising cases

Hong Kong is closing its schools again, as a surge in coronavirus cases within the community after a long stretch without infections - Bloomberg
Hong Kong is closing its schools again, as a surge in coronavirus cases within the community after a long stretch without infections – Bloomberg

Hong Kong’s Education Bureau on Friday announced the suspension of all schools from Monday after a spike in locally transmitted coronavirus cases that has fuelled fears of a renewed community spread in the city.

Schools in the Asian financial hub have been mostly shut since February, with many having switched to online learning and lessons by conference call. Many international schools are already on summer break.

The city reported 42 new cases on Thursday, of which 34 were locally transmitted, marking the second consecutive day of rising local infections.

Some of the recent cases involved students and parents, said Education Secretary Kevin Yeung.

The total number of cases in the city since late January now stands at 1,366. Seven people have died.

It comes as many

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Posted in Insurance

COVID-19 cases are rising in West Sacramento. Mayor explains what’s behind the surge

Few communities are immune to the recent surge in COVID-19 cases, it seems. That’s of little consolation to Mayor Christopher Cabaldon of West Sacramento, where infection rates have risen dramatically in the past two weeks.

“The situation is very problematic,” Cabaldon said Tuesday. “It’s no comfort that it’s the case across the region and across the state.”

A month ago, West Sacramento was seeing one new case a day. Some days the city recorded no new cases at all, according to data compiled by Yolo County’s Health and Human Services Agency. The record for one day was six, reported in early April.

In the past few days, however, daily infections have risen significantly. The city had either 10 or 11 new cases reported on four separate days last week.

Cabaldon said many of the new cases are originating in private family gatherings — a belief echoed by Gov. Gavin Newsom

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