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US insurers pulling ahead in AI investment, strategy execution
One thing is certain, AI is not just a technical investment, it’s a...
Indian startups raise $102.93 million in funding over the week
Healthtech startups took the top spot with four deals, followed...
eSanjeevani: Telemedicine services connecting patients with doctors online revolutionising health sector in UP
Telemedicine entails the delivery of health services from a distance using the internet and it not only extends the reach of health services but also improves the quality of health services besides saving time and money The Uttar Pradesh government is running 128...
Drone delivers anti-TB drugs to Tehri Garhwal hospital from AIIMS Rishikesh in just 30 mins
Despite several trials of delivering medical supplies being conducted across the country, limited evidence is available on the integration of the technology with the existing healthcare system and the analysis of the cost effectiveness of the drone technology in...
India:60% private insurers see rapid rise in frauds: Deloitte Survey
New fraud trends, such as data theft, and traditional frauds, such as collusion between third parties and mis-selling of insurance products, continue to prevail and are still a concern for the sector, the survey noted. About 60 per cent of Indian private insurers...
60 pc consumers in APAC, including India, will prefer hybrid EVs in future: Study
Within APAC, 85 per cent of consumers were aligned with these key priorities, consisting of 92 per cent of Millennials, 83 per cent of Gen Xers and 72 per cent of Baby Boomers prioritise sustainability the highest. Consumers are driving the growing emphasis on...
IIB to set up tech platform ’Bima Satark’ to detect fraudulent health insurance claims
Prasun Sikdar, MD&CEO, ManipalCigna Health Insurance The process has been initiated on 18th January by the IIB ``Insurance Satark comes as a boon for the health insurance industry, as it helps us in detecting fraudulent claims. It is only for the health insurance...
InsuranceDekho raises $150 million to grow SME business
The deal,the largest-ever Series A round for an Indian insurance technology company, was led by Goldman Sachs Asset Management and participated by TVS Capital Funds Investcorp, Avataar Ventures and LeapFrog Investments Based in Gurgaon outside New Delhi, the company...
Rethink needed to regulate Big Tech in finance, says BIS official
Data-rich Big Tech companies such as Alibaba and Amazon have been involved for some time in financial services such as banking, payments, asset management and insurance, with some also providing cloud computing to run key services for banks Their size and reach in...
Apollo Hospitals rolls out Clinical Intelligence Engine (CIE) for doctors across India
The Clinical Intelligence Engine is capable of analysing vast amounts of data to help healthcare professionals identify patterns which may be missed otherwise. Chennai: The Apollo Hospitals group, one of Asia's largest and the most trusted healthcare providers, today...
Edelweiss General Insurance rebrands itself as Zuno General Insurance
Shanai Ghosh, MD & CEO, Zuno General Insurance, said, “Telematics is a silver lining for motor insurance industry in India. It allows us to offer personalized solutions and experience to our customers. Given the exponential growth of smartphone users in the...
Hackers who breached ION say ransom paid; company declines comment
The ransomware outbreak that erupted at ION on Tuesday has disrupted trading and clearing of exchange-traded financial derivatives, causing problems for scores of brokers, sources familiar with the matter told Reuters this week. The hackers who claimed responsibility...