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Digitally advanced countries trust less on artificial intelligence: Swiss Re report
The most AI-trusting people hail from emerging digital growth...
Delta Air Lines faces proposed U.S. class action over carbon neutral claims
The complaint alleges that Delta is not living up to advertising...
Hackers Steal $32M from S. Korean Cryptocurrency Exchange Bithumb
The Bithumb theft highlights the security risks and the weak regulation of global cryptocurrency markets. Global policymakers have warned investors to be cautious in trading the digital currency given the lack of broad regulatory oversight
Young Consumers Willing to Let Insurers Spy on Digital Data – If It Cuts Premiums
The report also says that insurance providers could do a lot more to improve their existing processes (from start to finish) to make them more efficient and customer centric. Nearly half (46%) of consumers believe that applying for an insurance policy should take no longer than an hour, and 56% said renewing an insurance policy should not take no more than an hour either.
MHP, KUKA and Munich Re develop SmartFactory as a Servisolutions for future of manufacturing
SmartFactory as a Service will shorten new products’ time to market by up to 30 per cent thus significantly improving one of the most decisive competitive factors for manufacturers. Teamwork in the partnership and the combination of complementary expertise is essential in achieving this.
India to be lone economy facing suppressed wages by 2030, says study
Globally, a shortage of highly skilled employees could dramatically drive up salaries for the most in-demand workers by 2030,
This is likely to add more than $2.5 trillion in annual labour costs by 2030, for organisations around the world, according to Korn Ferry’s ‘The Salary Surge’.
Harvey Weinstein Wants Jury to Rule on Sex-Assault Insurance
The erstwhile mogul contends in court filings he paid millions to Chubb and other insurers for more than 70 policies purchased to protect against “a wide range of liability.” The companies have ignored his assertions of “non-liability” for the women’s claims “without factual proof necessary to substantiate their refusals to extend coverage.”
China, Britain seek deeper insurance cooperation under Belt and Road Initiative
Yuan Linjiang, Chairman of China Reinurance Corporation, called for the establishment of a joint insurance mechanism to deflect major risks as a single company may not be able to cover the giant projects under the initiative with enormous investment and long construction period
IAG exits most of its Asian businesses
IAG, which specialises in motor and property insurance, has invested about A$850 million in the region since 1998 and has a presence in five Asian markets – Thailand, Vietnam, Indonesia, Malaysia and India
London, other cities call for new petrol and diesel car ban to start earlier
“Banning the sale of new petrol and diesel vehicles by 2030, providing support to deliver Clean Air Zones in cities and introducing a national vehicle renewal scheme will dramatically improve our air quality and our health,” said Khan, who is from the opposition Labour Party.
Gaming addiction classified as disorder by WHO
The W.H.O. designation may help legitimize worries about video game fans who neglect other parts of their lives. It could also make gamers more willing to seek treatment, encourage more therapists to provide it and increase the chances that insurance companies would cover it
Tesla-loving nation now wants to be a pioneer in electric planes
“The growth in both Norwegian and international aviation is one of the big drivers of climate change, which is completely out of control,” said Truls Gulowsen, head of Greenpeace in Norway