In addition to the burgeoning hospital market, several other...
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Apr1 Renewals: New reinsurance opportunities in Indian market
In contrast to last year’s renewal, 4/1 saw a resurgence in...
India’s most innovative cities are running out of water
Tech professionals are leaving India’s IT hub of Bengaluru amid an...
The wait for the self-driving future is coming to an end
In just a few years these companies are promising to fill the roads with robo-taxis, driverless delivery vehicles, and sentient shuttles that will transform the way we move, upend industries, and ultimately reduce deaths by car accidents. By 2021 there will be 51,000 autonomous vehicles on roads worldwide, according to a new forecast from IHS Markit, with sales projected to rise to nearly 1 million by 2025 and an estimated 33 million by 2040.
China becoming an increasingly difficult environment for reinsurers: AM Best
On the bright side, China’s Belt and Road program has created some hope of new premium sources for Chinese reinsurers, especially state owned companies that can leverage their state-owned relationship. The early stages of the Belt and Road initiative will bring vast investments in infrastructure—the construction of railroads, highways, and tunnels—as well as developing sectors such as energy and telecommunications.
Indian GDP growth to pick up in 2018; oil, inflation risk factors
After falling for five successive quarters from 9 per cent in the fourth quarter of FY2015-16 to a low of 5.7 per cent in the first quarter of FY2017-18, the GDP growth at 6.3 per cent in the July-September quarter of 2017-18 reversed the trend.Within GDP growth numbers, a highly encouraging sign is that while export growth has remained positive, import growth has fallen.
10,000 seaplanes to floating cities, e-highways: Gadkari’s infra plans
“Seaplanes, cruises, waterways, electric vehicles, pod taxis, catamarans, expressways” or the mammoth Rs 16 lakh crore Sagarmala and Rs 7 lakh crore Bharatmala initiatives will change the face of India’s infrastructure,”
India ends 2017 being among the best-performing markets globally
Buoyed by strong inflows into systematic investment plans (SIPs), mutual funds have purchased equities (net of sales) worth Rs 1.17 lakh crore during 2017. Foreign portfolio investors (FPIs) bought Indian equities worth Rs 51,492 crore (close to $8 billion).FPIs ended the year with a net inflow of over Rs 51,000 crore.
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2018 will be the year of smarter phones with larger screens and facial recognition
AI-based features are also making their way into wearables like fitness trackers and smartwatches that help people improve their health and lifestyles
Indian E-commerce market may cross $50 bn mark in 2018: Study
However, it pointed out that the Indian e-commerce sector is heavily dependent on the cash on delivery (CoD) mode of payment as it is the most preferred choice for Indian consumers due to lack of trust in online transactions, limited adoption of credit and debit cards, and security concerns, among others.
Santa Claus May Be At Serious Health Risk: Experts
Centuries of sherry-drinking, eating mince pies and working night shifts could be putting Santa Claus at serious health risk, according to the Royal College of General Practitioners (RCGPs) – a professional body for doctors in the UK.
Philippines storm death toll climbs to 182, hundreds still missing
The Philippines is pummelled by 20 major storms each year on average, many of them deadly. But Mindanao, home to 20 million people, is rarely hit
Surging bitcoin price pushes up costs for insurers for ransomware attacks
There’s been “a massive escalation” in both the number of attempts and the size of demands as criminals scramble for the hot cryptocurrency, said Michael Tanenbaum, an executive vice president at Zurich-based Chubb. The rise in price of bitcoin correlates,” he said, , declining to specify total costs. Around midyear, top payouts in corporate ransomware attacks began to exceed $1 million, dwarfing the previous maximum of about $17,000, he said.