“Flash floods are not new, but their frequency and intensity are...
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APAC records significant rise in cyber claims driven by rising frequency and sophistication, Aon report
“As cyber threats grow more complex and interconnected, companies...
Earnix and Sapiens partner to unlock operational efficiency for P&C insurers in EMEA and APAC
The solution is tailored for insurers in EMEA and APAC. This...
AI, robots and satellite sensors are helping in the fight against wildfires
“It’s a huge game changer for the fire service,” says Schneider of the technology created by Pano AI, which acts as a second set of eyes looking out for fires. While AI alone won’t completely ease the burden of wildfire management, it’s one of a growing number of...
“Without citing any evidence or basis”: Centre rebuffs Moody’s “baseless” opinions on Aadhar
The UIDAI issued a strong rebuttal to Moody's Investors Service which claimed that the Aadhaar system often results in service denials and the reliability of biometric technologies, especially for manual labourers, in hot and humid climates is questionable New Delhi:...
ONDC to launch insurance products in its network this week
Providing massive opportunties to the insurance industry, the platform will initially launch Motor, Health, Marin and will add more insurance products going ahead, according to an official Mumbai: After launching credit products, the government-backed Open Network for...
“Our aim is profitability. We aspire to be among the top performing global reinsurers”
In an exclusive interview with Asia Insurance Post, on the occasion of Rendezvous September, Monte Carlo, Devesh Srivastava, CMD, GIC Re highlights major achievements during his 4-year tenure as the head of the third largest Asian reinsurer. The period of...
80 per cent cybercrimes from 10 Indian districts: Study
The findings have been mentioned by the Future Crime Research Foundation (FCRF), a non-profit start-up incubated at the Indian Institute of Technology (IIT)-Kanpur, in its latest comprehensive white paper named 'A Deep Dive into Cybercrime Trends Impacting India'...
Indian auto insurance technology startup listed on Nasdaq
''We're incredibly excited about the transformative potential of AI in reshaping the USD 800 billion auto insurance market and are going to be unwavering in our focus to build Roadzen as the leader at the intersection of AI, mobility and insurance,'' another release...
Google sued after man drives his car off collapsed bridge following Google Maps
Philip Paxson drowned after his vehicle plunged off a bridge in Hickory, North Carolina that collapsed in 2013, reports USA Today. San Francisco: A family in the US has sued Google after a man belonging to the family died after driving his car off a collapsed bridge...
Offshore wind industry: Economic pressures and tech innovation need to be managed
Around 380GW of offshore capacity is expected to be added across 32 markets over the next 10 years, according to the Global Wind Energy Council, with half of that growth expected to come from the Asia Pacific region. Developers and their insurers need to manage a...
United is latest to discover bogus parts in plane engines
Aviation regulators have said AOG supplied an unknown number of jet engine spare parts backed by falsified airworthiness documentation, kicking off a worldwide effort by the industry to hunt down more components. The widening scandal has shaken an industry where...
US Federal Agencies seek to streamline ‘Hodgepodge’ of Cyber Reporting Rules
The law passed last year will eventually require companies to report cyber incidents within 72 hours and flag paying a ransom within 24 hours, providing what Silvers described a “sea change in federal visibility into serious cyber incidents.” Still, timelines will...