Allen Forlemu, Interim Regional Vice President, Asia Pacific,...
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AIC bags Asian Insurance Award as a tech pioneer
Mini George, executive director, AIC, is receiving 29th Asia...
Govt plans AI-based eKYC, global credential verification in DigiLocker
“DigiLocker serves as the trust layer connecting citizens,...
RBI slaps Rs 5.39 crore penalty on Paytm PB for violating series of norms
The central bank also found non-compliance with certain provisions related to 'RBI Guidelines for Licensing of Payments Banks', 'Cyber security framework in banks' and 'Securing mobile banking applications including UPI ecosystem' Mumbai: The Reserve Bank of India on...
GI Council ropes in health insurance expert to implement 100% cashless payment system
Segar Sampathkumar, director, Health Insurance, GI Council Such a system, which currently serves 52 per cent of health policies, will create a seamless technological mechanism for all the insurers to settle policy holders’ claims cashless without any manual...
RBI showing interest in technology as it impacts world order Deputy Governor T Rabi Sankar
Recent technologies, such as artificial intelligence, synthetic biology, quantum computing and robotics, have the potential not only to revolutionise human and social lives, but also to alter the global order, the RBI deputy governor T Rabi Sankar pointed out He...
4 dead, 70 injured as Delhi-Kamakhya North East Express derails near Bihar
Buxar Superintendent of Police Manish Kumar told PTI four passengers had died in the accident. A Railway Police Force official said at least 70 passengers have been injured and shifted to local hospitals. Those with serious injuries were rushed to AIIMS, Patna...
Early warning system for India’s flooded glacial lake was delayed by a year
In recent years, glacial flood early warning systems have been deployed in China, Nepal, Pakistan and Bhutan as climate change has raised the risks of flooding. The Lhonak Lake system is a pilot project being executed with the help of Swiss agencies, with India’s...
Insurtech InsuranceDekho raises $60 million at $650mn valuation
“We will use this money for M&A opportunities, to build a strong tech product team, for branding and we’re going to use it to open new business lines like getting into reinsurance,” Ankit Agrawal, the founder and chief executive officer of InsuranceDekho, said in...
Indian govt panel wants car ratings tied to improved connectivity -draft
In a country with high accident rates, the advice could force automakers to equip the connected cars, as they are known, with technology using the airwaves to send warnings between drivers, and communicate with road systems like traffic lights. New Delhi: An Indian...
Bharti to acquire AXA’s 49% stake in Indian life Insurance JV, scouts for new partners, AXA exits both Indian life and non-life biz
Bharti’s intention is to ensure that the life Insurance business continues to serve the Indian market and, in this regard, it is engaging with other strategic and financial investors to partner and or combine, so as continue to scale this business New Delhi: Sunil...
LIC receives Rs 37,000 tax notice from J&K GST body
The Jammu & Kashmir GST authority has calculated the pending dues of the LIC saying the corporation has paid taxes at 12% instead of 18 % on certain invoices Mumbai: Life Insurance behemoth Life Insurance Corporation(LIC) on Wednesday said it has received a demand...
Use of digital technology in mental health a force multiplier: Mandaviya
''Mental health is a universal human right. The use of technology in mental health care is a force multiplier. The Tele Manas Seva, launched last year on the occasion of World Mental Health Day, has counselled more than 3,50,000 people till date and currently provides...