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26/06/2024

𝐈𝐧𝐬𝐢𝐠𝐡𝐭𝐬10: 𝐀 𝐓𝐫𝐮𝐬𝐭𝐞𝐝 𝐒𝐨𝐮𝐫𝐜𝐞 𝐅𝐞𝐚𝐭𝐮𝐫𝐞𝐝 𝐢𝐧 𝐋𝐞𝐚𝐝𝐢𝐧𝐠 𝐆𝐥𝐨𝐛𝐚𝐥 𝐁𝐮𝐬𝐢𝐧𝐞𝐬𝐬 𝐍𝐞𝐰𝐬 𝐏𝐮𝐛𝐥𝐢𝐜𝐚𝐭𝐢𝐨𝐧𝐬 📰

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21/07/2023

Teledentistry seeks to address a deficiency in . Approximately 40% of suffer from dental anxiety, which prevents them from scheduling not only routine check-ups but also treatment for persistent or urgent dental problems. The anxiety associated with visiting the dentist for a non-routine issue can be alleviated with a video conference, during which the dentist can build a , define a care plan, issue a prescription, and provide the patient with an estimate of any in-person visits required.

Read blog: https://www.insights10.com/blogs/teledentistry-is-going-mainstream/

Preventive oral health care is becoming increasingly important in the medical field and could reduce overall health care costs in the long run.

30/06/2023

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16/05/2023

The life insurance market in India has seen significant growth over the years, driven by increasing awareness about financial planning and the need for life insurance. With a population of over 1.3 Bn people, India is one of the fastest-growing economies in the world, and the life insurance market has become a crucial component of its financial sector.

LIC India Forever (Life Insurance Corporation of India), the largest player in the market, has been instrumental in driving the growth of the industry with its wide range of products and extensive distribution network.

However, in recent years, private players such as SBI Life Insurance, HDFC Life, Max Life Insurance, and ICICI Prudential Life Insurance have gained significant market share, offering innovative products and customized solutions to meet the diverse needs of customers.

The COVID-19 pandemic has highlighted the importance of having as a safety net, leading to an increase in demand for life insurance products. The industry has responded by launching new products and services that cater to the changing needs of customers, such as term plans with COVID-19 coverage and digital platforms that enable customers to buy insurance online.

Here are some key trends in the India Insurance Market:

◾ Swiss Re announced investing Rs. 920 crores in 's insurance business in October 2021

◾ In FY23*, the public and private sectors' respective shares of first-year premiums were 31.42% and 67.72%

◾ The private sector's share of general and health insurance in India increased from 48.03% in FY20 to 49.3% in FY21

◾ Reliance Nippon Life Insurance (RNLI) secured a 40,000-square-foot space from in BKC on a five-year lease in November 2020 for use as its corporate headquarters

◾ Life Insurance Corporation of India, the nation’s sole public sector life insurer, remained the market leader with about 67.72% of the new business market share in FY23

◾ A record first-year premium income of Rs. 206,893.51 crores (US$ 25.32 Bn) was attained by LIC in FY23 under the individual assurance business

◾ In June 2021, LIC Housing Finance Limited declared its intention to raise Rs. 2,334.69 crores (US$ 312.43 Mn) by issuing equity shares to LIC in a preferential manner

◾ As part of the banking and insurance industry restructuring outlined in the Union Budget 2021, Finance Minister Nirmala Sitharaman declared that LIC’s initial public offering (IPO) would take place in FY22

◾ The Indian government intends to sell a 7% interest in LIC in 2022 for a total price of Rs. 50,000 crores ($6.62 Bn). This is the largest initial public offering ( ) in India

Overall, the life insurance market in India is poised for continued growth, driven by favorable demographic trends, increasing financial literacy, and the need for long-term financial planning.

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11/05/2023

In 2.7% average premium growth in 2021–22 was the lowest since 2001. This came after the prior low of 2.74% from 2020-21. Some insurers chose to defer premium increases rather than passing them along to on April 1, 2022, in an effort to uphold their promises not to profit from the COVID-19 pandemic. In Section 2.4, more information on the insurers' replies to COVID-19 is provided.

Future premium hikes could be larger because of the current inflationary pressures. As a result of higher fuel costs and home construction expenses, the Consumer Price Index (CPI) inflation rate for 2021-22 increased 📈 by 6.1% annually, which was the highest increase since the goods and services tax was implemented.

The health inflation rate for 2021-22 was 2.4%, which was significantly lower than the overall of 6.1%. Price increases for health-related products and services, such as private premiums, other hospitals, dental, and medical services, pharmaceuticals, and therapeutic equipment, are included in the CPI.

👉 Figure 2: Compares the average private health insurance premiums' cumulative growth over the five years through 2021–2022 with overall health inflation, wage growth, and CPI. This demonstrates that premium increases have exceeded other metrics, particularly salary growth over the five years leading up to June 2022.

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08/05/2023

Australia now has 33 health , including for-profit and not-for-profit insurers.

With about 3.76 Mn members (measured by individuals covered) at the end of the financial year, Medibank Private Limited (Medibank) continued to be Australia's largest in 2021–22.

The membership of Bupa HI Pty Ltd (Bupa) was 3.64 Mn or so. About 81% of Australian consumers with private health insurance were covered by Australia's top 5 health as of June 30, 2022.

With market shares of 26.3% and 25.5%, respectively, Medibank and Bupa constituted slightly over half of the Australian private health insurance industry. The combined market share of the following three biggest insurers, HCF, NIB Health Funds Limited (NIB), and HBF Health Limited (HBF), was roughly 29.1%.

02/05/2023

Skin cancer is the most common worldwide. There are two main types of skin cancer:

👉 Non-melanoma
👉 Melanoma

In terms of non-melanoma , it is estimated that there are over 5 Mn new cases each year globally. The top countries with the highest incidence rates of non-melanoma skin cancer are Australia, New Zealand, North America, and Western Europe. In these regions, exposure to UV from the sun is a major contributing factor to the development of non-melanoma skin cancer.

The two most common types of non-melanoma skin cancer:

👉 Basal cell carcinoma (BCC)
👉 Squamous Cell Carcinoma (SCC)

BCC accounts for about 80% of non-melanoma skin cancer cases, while SCC accounts for about 20%.

In terms of skin cancer, it is estimated that there are over 300,000 new cases each year globally. The top countries with the highest incidence rates of melanoma skin cancer are Australia, New Zealand, and North America.

Melanoma skin cancer is more aggressive than non-melanoma skin cancer and can spread to other parts of the body if not detected and treated early.

(*ASR = age-standardised rates. These are summary measures of the rate of disease that a population would have if it had a standard age structure. Standardization is necessary when comparing populations that differ with respect to age because age has a powerful influence on the risk of dying from cancer.)

27/04/2023

Know how syndicated market research is different from custom market research.



To learn more, visit:

Market research is an important tool for businesses to understand their target market, make informed decisions, and remain competitive in the industry. There are two main types of market research: Syndicated and Custom Syndicated Market Research This research conducted by a market research firm and

26/04/2023

In order to preserve and advance public health, U.S. Food and Drug Administration is publishing this draft guidance to further develop a targeted to artificial intelligence/machine learning (AI/ML)-enabled devices.

This will enhance patients' access to reliable AI/ML-enabled devices. This draft guidance outlines a least-burdensome method to facilitate the continual safety and efficacy assurance of machine learning-enabled device software functions (ML-DSF).



For more information, visit 👉

Marketing Submission Recommendations for Predetermined Change Control Plans for AI/ML-Enabled Device Software Functions

25/04/2023

According to the most recent World Malaria , there were 247 Mn cases of in 2021 as compared to 245 Mn cases in 2020. In 2021, 619 000 malaria-related deaths were , down from 625,000 in 2020.

About 13 Mn additional instances of malaria and 63,000 more malaria fatalities occurred between the two peak years of 2020 and 2021 as a result of COVID-related disruptions. The burden of malaria in the world is still disproportionately heavy in the African Region.

About 95% of all malaria and 96% of all malaria deaths occurred in the Region in 2021. A little more than 80% of all malaria deaths in the region were caused by children under the age of five.

Just over half of all malaria deaths occurred in four African nations:
- Nigeria (31.3%)
- The Democratic Republic of the Congo (12.6%)
- The United Republic of Tanzania (4.1%)
- Niger (3.9%)

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24/04/2023

World week 2023

Despite being one of the most effective public health initiatives, vaccination rates have remained unchanged for the past decade. The COVID-19 pandemic and associated disruptions have strained health systems. With 25 million children missing out on in 2021, 5.9 million more than in 2019 and the highest number since 2009.

The diphtheria-tetanus-pertussis (DTP3) vaccine was administered to 105 million around the world in 2021, protecting them against that can result in serious sickness, permanent disability, or even death.

(Excluding COVID-19 vaccine launches) In 2021, 25 vaccine introductions were announced. Despite the fact that there were 17 debuts in 2020, this number is still significantly lower than any year in the previous 20 years.

As nations concentrate on continuing initiatives to contain the COVID-19 epidemic, this slowdown is expected to persist.