Jun Zhang, IFC Country Head for India

IFC led investors infuse USD 22 mn in Murthy’s Coverfox

Indian News       Apr 19, 2018

  Mumbai::, an online broking firm. has raised USD 22 Mn in a Series C funding from a clutch of investors led by IFC, a member of the World Bank Group; Transamerica; and other existing investors.IFC itself has invested up to $10 million.   Coverfox, one...

Toyota Plans to Sell Talking Cars in U.S. Within 3 Years

Facts       Apr 17, 2018

  Toyota Motor Corp. plans to start selling U.S. vehicles that can talk to each other using short-range wireless technology in 2021, the Japanese automaker said on Monday, potentially preventing thousands of accidents annually.   The U.S. Transportation Department must decide whether to adopt a pending proposal...

Leading Indian life insurers partner with Cognizant to develop industry-wide Blockchain solution

Indian News       Apr 16, 2018

MUMBAI: Cognizant  and a consortium of leading Indian life insurers — comprising SBI Life Insurance, Max Life Insurance, Canara HSBC OBC Life Insurance, Edelweiss Tokio Life, IDBI Federal Life Insurance, Birla Sun Life Insurance, HDFC Life, Kotak Life, Tata AIA Life, PNB MetLife, IndiaFirst Life...

Girish Nayak, Chief, Service , Operations , Technology, ICICI Lombard General Insurance

Chatbots can change the customer service business

Articles       Apr 14, 2018

  Sales and customer support services have already undergone a sea change from how they were a decade back. With artificial intelligence and chatbots, they’re leapfrogging into another era. Chatbots are already getting into the forefront of enterprise interaction with their customers.   Chatbots allow customers to...

InsurTech M&As in Asia surge to US$460 million in 2017, three times that of 2016: Willis Study

International News       Apr 09, 2018

  Hong Kong: The total transaction volume of InsurTech M&As in Asia hit US$460 million in 2017, more than three times that of 2016, as industry incumbents and new entrants to the market pushed towards greater digitalisation, according to the fourth Quarterly InsurTech Briefing from Willis...

Post office savings account customers can soon avail full digital banking service

Indian News       Apr 08, 2018

  New Delhi: Around 34-crore post office savings account holders will be able to avail a full-fledged digital banking service from May as the government has approved linking such accounts with that of India Post Payments Bank (IPPB).   “The finance ministry has approved linking of savings...

Root Insurance Closes $51 Million Investment to Expand Customized Auto Insurance

International News       Mar 27, 2018

  COLUMBUS, Ohio: Root Insurance, the first car insurance company to incorporate individual driving behavior in every quote, announced today the closing of a $51-million Series C funding round led by Redpoint Ventures, with Scale Venture Partners and existing partners Ribbit Capital and Silicon Valley Bank...

B3i founders form blockchain startup

International News       Mar 26, 2018

Munich: The Blockchain Insurance Industry Initiative (B3i) has announced the incorporation of B3i Services AG in Zurich, Switzerland. The company was formed by the founders of B3i. Up until now B3i has been a collaborative initiative of 15 global insurers and reinsurers who came together...

Facebook User Sues Over Personal Data Release to Cambridge Analytica

International News       Mar 24, 2018

  A Facebook Inc. user sued the social network and a data research firm that played a role in the election of President Donald Trump alleging that her privacy was violated when information on some 50 million users was improperly disclosed.   Lauren Price, of Maryland, sued...

Robots can be risky,Allianz

Articles       Mar 22, 2018

Chatbots, autonomous vehicles, and connected machines in digital factories foreshadow what the future will look like: The widespread implementation of Artificial Intelligence (AI) applications brings many advantages for businesses such as increased efficiencies, fewer repetitive tasks and better customer experiences. However, in the wrong hands,...

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