Insurance and Epidemics: SARS, West Nile Virus and Nipah Virus

2021 ◽  
Vol 49 (1) ◽  
pp. 37-45
Author(s):  
Jan von Overbeck

Severe acute respiratory syndrome (SARS) reminds us that sudden disease emergence is a permanent part of our world—and should be anticipated in our planning. Historically the emergence of new diseases has had little or no impact beyond a small, localized cluster of infections. However, given just the right conditions, a highly virulent pathogen can suddenly spread across time and space with massive consequences, as has occurred on several occasions in human history. In the wake of the SARS outbreak, we are now forced to confront the unpleasant fact that human activities are increasing the frequency and severity of these kinds of emergences. The idea of more frequent biological ‘‘invasions’’ with economic and societal impacts comparable to SARS, presents stakeholders in the global economy with unprecedented new risks, challenges and even opportunities. As a major contributor to economic stability, the insurance industry must follow these trends very closely and develop scenarios to anticipate these events.

2016 ◽  
Vol 19 (2) ◽  
pp. 109-128
Author(s):  
TM Arief Machmud ◽  
Syachman Perdymer ◽  
Muslimin Anwar ◽  
Nurkholisoh Ibnu Aman ◽  
Tri Kurnia Ayu K ◽  
...  

The growth of Indonesian economy on Quarter III, 2016 recorded positive growth with a wellmaintained financial system and macroeconomic stability. The economy grew moderately supported by remaining strong domestic demand amidst the slow recovery of the global economy. The economic stability is also good reflected on the low inflation, decreasing current account deficit, and relatively stable exchange rate. An increase of domestic economy and lower global financial risk enable monetary ease on Quarter III, 2016. Furthermore, the reduction of interest rate policy is well transmitted and is expected to strengthen the growth momentum of the economy. Looking forward, Bank Indonesia will keep strengthening his policy mix and macroprudential, and his coordination with the government to ensure the inflation control, greater stimulus for growth, and the implementation of structural reform run on the right track, and hence preserve the sustainable economic development.


Author(s):  
Evan Osborne

Does humanity progress primarily through leaders organizing and directing followers, or through trial and error by individuals free to chart their own path? For most of human history ruling classes had the capacity and the desire to tightly regiment society, to the general detriment of progress. But beginning in the 1500s, Europeans developed a series of arguments for simply leaving well enough alone. First in the form of the scientific method, then in the form of free expression, and finally in the form of the continuously, spontaneously reordered free market, people began to accept that progress is hard, and requires that an immense number of mistakes be tolerated so that we may learn from them. This book tells the story of the development of these three ideas, and for the first time tells of the mutual influence among them. It outlines the rise, and dramatic triumph, of each of these self-regulating systems, followed by a surprising rise in skepticism, especially in the economic context. Such skepticism in the 20th century was frequently costly and sometimes catastrophic. Under the right conditions, which are more frequent than generally believed, self-regulating systems in which participants organize themselves are superior. We should accept their turbulence in exchange for the immense progress they generate.


This chapter is a transcript of Haq’s address to the North South Roundtable of 1992, where he identifies five critical challenges for the global economy for the future. If addressed properly, these can change the course of human history. He stresses on the need for redefining security to include security for people, not just of land or territories; to redefine the existing models of development to include ‘sustainable human development’; to find a more pragmatic balance between market efficiency and social compassion; to forge a new partnership between the North and the South to address issues of inequality; and the need to think on new patterns of governance for the next decade.


2013 ◽  
Vol 14 (2) ◽  
pp. 138-142 ◽  
Author(s):  
Eric R. Morgan

AbstractLevels and seasonal patterns of parasite challenge to livestock are likely to be affected by climate change, through direct effects on life cycle stages outside the definitive host and through alterations in management that affect exposure and susceptibility. Net effects and options for adapting to them will depend very strongly on details of the system under consideration. This short paper is not a comprehensive review of climate change effects on parasites, but rather seeks to identify key areas in which detail is important and arguably under-recognized in supporting farmer adaptation. I argue that useful predictions should take fuller account of system-specific properties that influence disease emergence, and not just the effects of climatic variables on parasite biology. At the same time, excessive complexity is ill-suited to useful farm-level decision support. Dealing effectively with the ‘devil of detail’ in this area will depend on finding the right balance, and will determine our success in applying science to climate change adaptation by farmers.


2017 ◽  
Vol 1 (1) ◽  
pp. 27-38
Author(s):  
Ayan Basak ◽  
Kavita Khanna

The hotel industry is one of the most booming industry contributing tremendous growth in the global economy. It has never got affected by any kind of recession or economic turmoil, and this happens because of the fact that individuals/ families would need services of hotel industry for various reasons of human activities like business, recreation, pilgrimage educational tour, historical tours, festivals, carnivals, medical assistance trip etc. and so on. The biggest apprehension about this industry is attrition/turnover rate of employees; and to trounce this matter, selection of the right candidate at the right profile for the right post is the way to success. Selection criteria include all the essential and desirable skills, attributes, experience, and education which an organization decides is necessary for a position. Selection criteria help to select the most capable, effective, suited, experienced, qualified, the person for the job. Applicants must demonstrate and prove the ways in which they will be of valued for the job and the organization. Job selection criteria are also known as key selection criteria or KSC. They are designed to help make the most accurate match between the requirements of a position and the skills of an applicant. For selecting the right candidate, perfect for a particular job, selection has to be well planned, tactically accurate and strategically correct, as there is a huge pressure of short listing, filtering and selecting the right candidate, which makes the whole exercise lengthy as well as painstaking.


Author(s):  
Shajeda Azizi ◽  
Khursheda Akhtar ◽  
Shahidullah Azizi ◽  
M. Kariul Islam ◽  
Sajidul Huq ◽  
...  

Background: Human Nipah virus (NiV) infection is an emerging zoonotic disease caused by the NiV resulting in severe illness in humans. The physicians can represent a lead role in disease prevention if they have the right knowledge regarding disease. This study aimed to state the assessment of knowledge regarding NiV infection among physicians in a selected tertiary hospital, Rangpur, Bangladesh.Methods: A cross-sectional study was conducted among 211 physicians in Rangpur Medical College and Hospital by pretested structured questionnaire, from January 2020 to December 2020, using a convenient sampling method. Data were collected through face-to-face interviews.Results: The majority of the respondents (69%) were within the 21 to 25 years of age group, mean age was 25±2.9 years where 54% of respondents were female. A questionnaire was comprised of 87 questions regarding knowledge on NiV infection. The findings revealed that 19% had good knowledge, 50% had fair and about 31% had poor level of knowledge regarding NiV infection. Among the respondents, 83% mentioned lack of awareness as a barrier regarding the prevention of NiV infection. Inferential statistics were done at a 95% confidence interval and 5% level of significance. Those who were aged between 21 to 25 years had significantly good knowledge than those who were more than 26 years of age (p=0.002).Conclusions: This study concludes that knowledge of the physicians on NiV infection was at a fair or average level. There is a dire need for the routine integration of the awareness and safety precaution practice among the physicians.


2020 ◽  
Vol 1 (2) ◽  
pp. 80-97
Author(s):  
Rina Anggraini ◽  
Dhea Ananda Putri

The Covid-19 pandemic has become a real enemy for all levels of society, both from the middle to upper and lower middle classes, because this pandemic does not only attack the health aspects but all aspects of life, both in terms of economy, religion to lifestyle so that with this condition the government implements the order. a new life called New Normal. The following article is a literature study on how monetary policy is in maintaining the Indonesian economy amid the Covid-19 pandemic and will be reviewed from a sharia perspective, and will see whether government policies are fair and not only benefit certain parties. The method used is to review several research results that have been published in journals that explain the Covid-19 Pandemic and the policies taken by the government. The findings of this study inform that monetary policy is indeed influential in suppressing the inflation rate and can achieve economic stability, and the more obvious thing is that the government and a set of policy makers have been very fast in responding to the impacts arising from the Covid-19 pandemic undermining the global economy with policy stimuli that have been drawn up to fight the pandemic. From the point of view of sharia, the policies taken by the government already have a very good goal, namely meeting the needs of the people is fair and mashlahah is the main goal, the policies carried out by the government are conceptual and seen from the sharia side it is very good and upholds the welfare of the people. Pandemi Covid-19 menjadi musuh nyata bagi seluruh lapisan masyarakat baik dari kalangan menengah ke atas maupun menengah kebawah, karena pandemic ini tidak hanya menyerang aspek kesehatan melainkan seluruh aspek kehidupan, baik dari segi ekonomi, religi hingga gaya hidup sehingga dengan keadaan ini pemerintah menerapkan tatanan kehidupan baru yang disebut New Normal. Tulisan berikut ini adalah studi literature tentang bagaimana kebijakan moneter dalam menjaga perekonomian Indonesia ditengah masa pandemic Covid-19 dan akan ditinjau berdasarkan perspektif syariah, serta akan melihat apakah kebijakan pemerintah sudah adil dan tidak hanya menguntungkan pihak tertentu. Metode yang digunakan adalah mengkaji beberapa hasil penelitian yang pernah dimuat pada jurnal-jurnal yang menjelaskan seputar Pandemi Covid-19 dan kebijakan-kebijakan yang diambil oleh pemerintah. Temuan penelitian ini menginformasikan bahwa kebijakan moneter memang berpengaruh dalam menekan laju inflasi dan dapat mencapai kestabilan perekonomian, dan hal yang lebih nyata pada saat ini pemerintah dan seperangkat pembuat kebijakannya sudah dengan sangat cepat dalam menanggapi dampak-dampak yang timbul akibat pandemic Covid-19 yang telah merusak perekonomian global dengan stimulus- stimulus kebijakan yang telah disusun demi melawan pandemic. Dari sudut pandang syariah, kebijakan yang diambil oleh pemerintah sudah memiliki tujuan yang sangat baik, yaitu pemenuhan kebutuhan rakyat sudah adil dan mashlahah menjadi tujuan utama, pada intinya kebijakan yang dilakukan pemerintah secara konseptual dan dilihat dari sisi syariah sudah sangat baik dan menjunjung tinggi kesejahteraan rakyat.


1950 ◽  
Vol 2 (3) ◽  
pp. 338-344 ◽  
Author(s):  
Reinhold Niebuhr

Both our idealists and our realists conceive patterns which are too logical for the tortuous course of human history. They both persist in confronting us with two horns of a dilemma and beg us to choose between them. All idealistic schemes of world peace insist that we must either achieve world government or resign ourselves to an inevitable war; we must find some way of reaching an understanding with the Russians or face the consequences of a world war. Our realists are convinced that neither world government nor a pragmatic understanding with the Russians is an attainable goal. They are therefore tempted to grasp the second horn of the dilemma. They accept the fact of an inevitable war. From the idea of an inevitable war it is only a short logical step to the concept of a preventive war. For if we must inevitably fight the Russians, why should we not have the right to choose the most opportune time for joining the issue?


Author(s):  
Paolo Caputo ◽  
Antonino Campenni ◽  
Elisabetta Della Corte

In the actual context of globalization, carmakers face a highly competitive market. The pace of technological innovation, the increase in international competition, the saturation of markets and the shortening of product lifespan are but some of the factors requiring a new organization of production. In order to face these radical changes, carmakers are implementing new strategies, not only by embracing the concept of globalization, but also by promoting changes in labour management practices, work organization and industrial relations. The aim of this paper is to analyze the impact of Fiat’s new managerial strategies in response to increased global competition on the situation of the industrial relations, on the role of the Unions and on the condition of workers. These strategies include an intensification of work, shift and wage flexibility, plus a severe limitations of workers’ rights (including the right to strike). On the one hand, such a strategy was presented and justified to the workers and the public as an objective necessity of global economy, and was even submitted to a referendum; on the other, the process was conducted unilaterally, under the recurring threat of transferring production abroad if the workers and their Unions refused to accept the new method. This brought to a split of the Unions and dialogue was maintained only with collaborative organisations, causing the discrimination of the other Unions and a situation of great dissatisfaction amongst all the workers. Through the words of workers and Union activists, the research showed evidence of the failure of claims that new management strategy can ensure both productivity and a new form of workplace democracy in the post-fordist factory. Despite new labour-saving technologies, lean production organisation and the adoption of new metric systems (such as Ergo-UAS), car industry would need, more than in the past, the involvement and active participation of Unions and workers. On the contrary, the paper points out how Fiat’s actual form of production organization generates new tensions and increases employee’s discontent, likely to ignite industrial conflict.


2020 ◽  
Vol 15 (6) ◽  
pp. 31-46
Author(s):  
Joanna Kogut ◽  

The need of the present times speaks for bringing the face of a merciful God once again. The concept of ”mercy” is often neglected today, and it even hinders modern man, who, through the previously unknown development of science and technology, more than ever in the human history, has subdued the earth and became its master. The awareness of man’s loneliness, his alienation from the community of the world, tradition and religion, and the conviction that he – man – is the creator of his own humanity, have become dominant. Life itself becomes the central value for him, not the immortality of life. The only content he has left are his whims and desires devoid of permanent and certain measures – doomed to variables determined by the condition and social situation – values. His existence was revealed to him in all its nakedness and fragility, arousing fear and concern with regard to loneliness, illness and death. And yet, through her life, Saint Faustine Kowalska showed unlimited trust in God’s mercy, thus opening herself to the action of grace, which allowed her to give her life the right purpose. This purpose of life is determined by faith, which for many followers of Christ became the foundation of their lives.


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