Antonio Guterres,secretary general of the United Nations “We are...
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Marsh launches Broker WorkBench: AI-powered platform to reduce placement times for specialty risk
“This new platform will enhance the value of the broker-client...
Future of Claims Management: Simplified, smarter and seamless for general insurance customers
The ability to submit claims through dedicated microsites or mobile...
Insurance and bank stocks erase $14 billion on IRDAI’s fee cap plan
PB Fintech, which owns Policybazaar, plunged as much as 34%, while Turtlemint dropped 20%. Shares of HDFC Life, Bajaj Finserv, the holding company for Bajaj Life and Bajaj General Insurance and Max Financial Services, the holding company of Axis Max Life Insurance...
FSSAI starts penal action against Amazon, Swiggy, BigBasket, others
In a social media post, the Food Safety and Standards Authority of India (FSSAI) informed that it has launched a "major crackdown on e-commerce platforms, including Amazon, Swiggy Instamart, BigBasket, Flipkart India and Zepto over regulatory non-compliances". The...
British Columbia sues OpenAI in US court over Canada school shooting
The filing says it seeks to hold the company “accountable for designing a dangerous product, distributing it to every home with internet access, ignoring the warnings of their own safety team, refusing to notify authorities when they knew the shooter was planning gun...
From smart glasses to AI pins, privacy fears challenge tech’s next big bet
The backlash against devices that can see, hear and respond to the world around them has been strongest against Meta’s Ray-Bans, which made smart glasses mainstream by pairing EssilorLuxottica’s trendy designs with AI from the social media giant chasing “personal...
MeitY Secretary urges Microsoft to locate future data centres closer to power generation hubs
"It will be much more economical if you go closer to where the power itself is generating," Electronics and IT Secretary S Krishnan said, adding that the government would continue to facilitate faster approvals to meet the requirements of both the country and the...
AI fuels 440% surge in hackers using Blockchains in attacks
The findings add to evidence of generative AI contributing to a boom in cyber threats by spotting more software vulnerabilities and allowing cybercriminals to carry out more attacks. In crypto, the number of hacks rose roughly 150% to 207 in the first half of the...
Zurich Kotak General Insurance launches SMEs solutions on digital platform
Zurich Kotak General Insurance is leveraging Zurich’s globally-proven tech stack – Zurich Edge – the modular solution offers SMEs access to comprehensive business protection through a single interface, supporting their end-to-end insurance journey encompassing...
Oriental Insurance to invest Rs 500 cr over 3 yrs to bolster digital capabilities
Sanjay Joshi, CMD,Oriental Insurance Company On the claim settlement side, Joshi said, "The company recently launched its end-to-end digital journey for Motor Own Damage (OD) claims, aimed at making claims processing faster, more transparent and convenient for...
Power Assets: AI and data centre growth drive insurance demand across Asia
Lyo Foo, Head of Power, Natural Resources Asia, at Willis said, “AI and data centre growth are making reliable power a strategic asset across Asia. As large, concentrated loads expand, risk can no longer be assessed in silos: generation, grids, cooling, water,cyber,...
Gemini hacked three companies in first known breakout by Google’s AI
The hacks occurred in May during a cybersecurity test conducted by Irregular, an independent company that conducts cybersecurity evaluations.During a standard testing evaluation, Gemini found public information online and guessed credentials to access three websites...