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Coronavirus: China toll rises to 132; total number of infected near 6000

From France to Japan, governments were organising evacuations, while Hong Kong – scene of anti-China unrest for months – planned to suspend rail and ferry links with the mainland. United Airlines said it was suspending some flights between the United States and China for a week from Feb.1 due to a “significant decline in demand.”

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Tata AIG collaborates with Drone Federation of India for Drone Insurance

“With the government taking active steps to support drone manufacturing and drone operations in India, we will soon see proactive usage of drones in activities like mining, construction, surveillance, transport, fire-fighting, law enforcement, agricultural and topographical data acquisition, insurance assessments, media and entertainment,” said Smit Shah, Director – Partnerships, DFI.

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Digitalisation:Transforming The Insurance Industry

“As a result of digitalisation, insurers now have direct connection to their customers“, says Jeffrey Bohn, Chief Research & Innovation Officer at Swiss Re Institute. “With the availability of granular data, insurers can better segment customers enabling them to develop new tailored products and services, and refine existing ones in real time. This benefits customers and insurers alike.“

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IRDAI issues guidelines on group health insurance policies of merged PSBs

Upon merger of these PSBs, the underlying group health Insurance policies of the customers of the merged banks will be continued to be serviced by the respective insurance companies which issued the policies till the end of policy period. The insurance companies will  make suitable arrangements with the acquiring banks to this effect.

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