M K Stalin,Tamil Nadu Chief Minister LIC has clarified that there...
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Prudential launches global AI Lab in Singapore, to improve consumer access to quality healthcare
Anil Wadhwani, Chief Executive Officer, Prudential plc, said:...
8th Bima Manthan: IRDAI and Insurers brainstorm implementation of IFRS and Cyber security measures
In an era where digital transformation is reshaping industries,...
Indian law firms want higher fees to advise on LIC’s mega IPO
Government officials also recently called a few prominent law firms and urged them to join the IPO work, said three law firm partners familiar with the talks.
This week, the government relaxed its fee payment schedules, to offer a 50% payment after the draft IPO prospectus was filed.
IRDAI’s move to risk policyholder’s data privacy, create data monopoly: Experts
While it is understandable that insurers have to share policyholder information with authorities/agencies specified by law or due to operation of law, experts question the need to share the same with IIB.
“Insurers can share the generic data relating to premium, claims — genuine and fraud — and other commercial aspects with IIB so that it can prepare its analytical reports for the industry to use. But why should policyholder information be shared with IIB,” wonders an industry official preferring anonymity.
Insurtech: HDFC Life to identify innovative startups
Encouraged by the success of the last three phases, HDFC Life and IvyCamp announced a fourth phase for the program. In the third phase, Futurance scouted startups across the blockchain applications, virtual reality, non-invasive medical innovation and Insta agent.
India reports 27,254 new COVID-19 cases
Meanwhile, in the ongoing nationwide COVID-19 vaccination drive, 74,38,37,643 vaccine doses have been administered to eligible beneficiaries, out of which 53,38,945 doses were administered in the last 24 hours.
BBB invites bids for conducting background verification of candidates
The firm will prepare a candidate verification report for every aspirant to provide the necessary inputs to the BBB members before the interactions of the individual personages with the bureau, according to a public notice issued to invite bids.
”A bidder will be selected under the Quality cum Cost Based System method (QCBS) with weightages of 80:20 (80 per cent for technical proposal and 20 per cent for financial proposal) and as per procedures described in this RFP,” it said.
Surges and vaccines: Here’s what next six months of pandemic will bring
With billions of people around the world yet to be vaccinated and little chance now of eliminating the virus, we can expect more outbreaks in classrooms, on public transport and in workplaces over the coming months, as economies push ahead with reopening. Even as immunization rates rise, there will always be people who are vulnerable to the virus: Newborn babies, people who can’t or won’t get inoculated, and those who get vaccinated but suffer breakthrough infections as their protection levels ebb.
Nations like Denmark and Singapore, which have managed to keep cases relatively contained, are already moving toward a post-pandemic future with fewer safety restrictions. Others, such as the U.S. and U.K., are opening up even as infection numbers near records. Meanwhile, China, Hong Kong and New Zealand have vowed to keep vigilantly working to eliminate the virus locally. As a result, they are likely to be among the last places to leave behind the disruption wrought by walling out the pandemic.
Australia appoints former Macquarie boss to supervise financial regulators
The new three-person regulatory body, including corporate lawyer Gina Cass-Gottlieb, will supervise both the Australian Securities and Investments Commission (ASIC) and the Australian Prudential Regulation Authority (APRA).
IBM Watson launches new AI and automation features to help businesses transform customer service
“We believe industries in India such as BFSI, Retail, Telecom, e-commerce etc. will benefit from these features to seamlessly automate tasks by providing a superior customer and agent experience,” said Viswanath Ramaswamy, Vice President, Technology, IBM Technology Sales, IBM India / South Asia.
“One critical challenge facing nearly every business today is the need to better communicate with their customers and employees across all channels,” said Daniel Hernandez, General Manager of Data and AI, IBM. “We’re continuously delivering new innovations in natural language processing, automation and advancing responsible AI, and building a strong, open ecosystem with partners like IntelePeer to help businesses transform customer care with Watson Assistant.”
India logs 34,973 new COVID-19 cases, 260 deaths
As India administered 59 lakh doses of COVID doses on Thursday, the country crossed the landmark milestone of 72 crore of vaccine coverage, said a press release from the Ministry of Health and Family Welfare.
Shared ‘grief and anxiety’ a powerful unifying factor in COVID fight
“Rarely have we been so united against a common challenge. We must build on this shared sense of grief and anxiety, and work together to not only tackle COVID-19 but all other challenges that stand in our path,” he added.