Category:

Non-Life

German ‘insurtech’ Wefox plans risk-prevention product

Using data from mobile phones or digital smart homes will make it possible to warn of looming danger, for example, to drivers from poor road conditions, or from leaving a window open at home when a storm is looming.

The risk prevention product will not crunch personal data to price Wefox’s products – a common complaint among younger drivers who often have to agree to digital surveillance to get an affordable insurance deal.

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Uber, Lyft team up on database to expose abusive drivers

To protect privacy, no passenger information will be shared in the database and the incidents that resulted in a driver’s dismissal will be listed in six broad categories: attempted non-consensual sexual penetration; non-consensual touching of a sexual body part; non-consensual kissing of a sexual body part; non-consensual kissing of a non-sexual body part; non-consensual sexual penetration; and fatal physical assaults.

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US, India, Australia, Japan agree to send 1 bln vaccines across Asia by end-2022

India will use its manufacturing capacity to make U.S. vaccines, with financing coming from the U.S. International Development Finance Corporation and the Japan Bank for International Cooperation. Australia will finance training and provide last-mile logistical support for the distribution of vaccines, he added, that will predominantly go to the Pacific Islands, Southeast Asia and countries in the Indian Ocean.

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France’s biggest insurer dumps German power giant over coal

“By turning away one of Europe’s biggest utilities because they are too dependent on coal, AXA has set an important precedent for itself and other insurers,” said Peter Bosshard, finance program director at environmental nonprofit the Sunrise Project, adding that RWE must be an account worth millions of dollars a year in insurance.

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Irdai slaps Rs 1 cr penalty on Chola MS General for undue payments to MSIPs

Irdai said the insurer violated guidelines with regard to payment, directly or indirectly, to MISP or any of its associate company.

The insurer made indirect payments to MISPs, automotive dealers and designated persons on the name of “advertisement” and “professional charges”, read the order.

“It is found that the engagement with and payments for ‘display of advertisement material’ made by the insurer to TVS, A M Motors, Indus, ERAM and Nippon during the period from November 2, 2017, to December 31, 2019, are in contravention of MISPs guidelines.

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India reports 22,854 new coronavirus cases, 126 deaths in last 24 hrs

Maharashtra, Kerala, Punjab, Karnataka, Gujarat and Tamil Nadu continue to report a high number of fresh COVID-19 cases and together account for 85.91 per cent of the new cases of the coronavirus infection reported in the country in a span of 24 hours, the Union health ministry said on Thursday.Meanwhile, the nationwide COVID-19 vaccination has reported 2,52,89,693 crore coverage, as per the information shared by the union health ministry yesterday.

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