Category:

Technology

ClearView adopts Munich Re’s new cloud-based digital services solution to automate underwriting decisions

ALLFINANZ Cloud,will enable ClearView to pursue its multi-year IT transformation project, which is centred on the development of an integrated life insurance Policy Administration System and a cloud-based underwriting rules engine, and strives to enhance the customer and advisor experience.  

The platform will also support the experience of underwriters and other staff by giving them insights and easy-to-use tools to continually fine-tune underwriting rules, business processes and customer journeys.

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Amazon launches online pharmacy in new contest with drug retail

The company founded as an online bookseller has disrupted industries including retail, computing and now potentially pharmaceuticals, drawing criticism of its size and power from labor groups and lawmakers along the way.
The company said Prime subscribers get up to 80% off generic and up to 40% off brand drugs when they pay without insurance, as well as two-day delivery.
Should Prime members prefer buying in person, Amazon said its discounts on non-insurance purchases apply at more than 50,000 brick-and-mortar pharmacies – including those run by rivals. Inside Rx, a subsidiary of Cigna Corp’s Evernorth, administers that benefit, Amazon said.

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Google to bring new settings for smart features, personalisation In Gmail

“If you decide not to use smart features and personalization, you will still be able to use Gmail and our other products. And if you decide later on that these features are helpful and you’d like to turn them on, you can do so in your Gmail settings. At home or at work, the choice should be yours. And we’re always working to keep it simple,” Maalika Manoharan, Product Manager at Google said

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Kris Gopalakrishnan appointed first chairperson of Reserve Bank Innovation Hub

The RBIH shall create an eco-system that would focus on promoting access to financial services and products, RBI said, and added “this will also promote financial inclusion”.

The Hub will collaborate with financial sector institutions, technology industry and academic institutions and coordinate efforts for exchange of ideas and development of prototypes related to financial innovations.

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Canada promises big fines for companies that breach new privacy law

The draft law, which must be adopted by Parliament, says Canadians who feel their data has been improperly gathered or shared can turn to the country’s Privacy Commissioner and demand the information be deleted.The law also means businesses would have to be transparent about how they use automated decision-making systems like algorithms and artificial intelligence to make significant recommendations about individuals.

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Cyber attacks up multi-fold in current environment: India”s cyber security coordinator

“In such unprecedented times, you mentioned two Cs – the challenge of corona and challenge of cyber. Actually, at the perch which I sit, there are 3 Cs. The third ”C” of course is on our northern border, which is another challenge that we are facing.

“In such an environment, cyber-attacks have gone up multi-fold. There are 4 lakh malware, we find every day. 375 cyber-attacks take place,” Pant said at an event organised by largest private sector lender HDFC Bank.

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Munich Re and Porsche form JV, to offer innovative manufacturing, software and financial mangement expertise

Torsten Jeworrek, member of Munich Re’s Board of Managementsaid,“With the FlexFactory, we and our partners have created a future-oriented platform for opening up new markets, which addresses a central challenge of modern production. Our cooperation once again underlines Munich Re’s innovative power and solution competence as a risk manager and financing expert for Industry 4.0.”

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