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Tesla registers insurance brokerage in China
By selling insurance directly to consumers, Tesla could potentially...
Ayushman Bharat Scheme fraud: ED raids hospitals across four states and UTs
During the investigation, as many as 373 fake Ayushman Cards have...
Howden acquiers cyber and tech specialist broker Safeonline
“Cyber as a class has been growing strongly for us over recent years and this acquisition supercharges our growth in this important market, In a stroke, it gives us the ability to service retail SME clients and enlarge our U.S. wholesale cyber book. It also means we can improve our service to large global retail accounts and grow further our Financial Lines retail capability.commented Charlie Langdale, managing director, Financial Lines.
Lloyd’s first Digital Syndicate Ki goes live, announces list of broker trading partners
The creation of Ki was first announced in May 2020. Ki aims to significantly reduce the amount of time taken for brokers to place their follow capacity.
Ki’s algorithm, developed with support from University College London, will evaluate Lloyd’s policies and automatically quote for business through an always available digital platform, built by Google Cloud and accessed directly by brokers.
Europe to lift Boeing 737 MAX grounding in January, follows US action
“We wanted to carry out a totally independent analysis of the safety of this aircraft, so we performed our own checks and flight tests,” Executive Director Patrick Ky told the Paris Air Forum, an online aviation conference hosted by La Tribune.
“All these studies tell us that the 737 MAX can return to service. We have started to put in place all the measures,” he said. “It is likely that in our case we will adopt the decisions, allowing it to return to service, some time in January.”
FB awards $1.98mn to researchers for findings bugs in 2020
The Facebook bug bounty programme helps it detect and fix issues faster.Over the past 10 years, more than 50,000 researchers joined this programme and around 1,500 researchers from 107 countries were awarded a bounty
New Microsoft programme to nurture health tech startups in India
“Our partnership with Microsoft for HealthTech startups will focus on enabling these companies to fast track their progress with some of the best technology resources and accelerate their innovation pathways.”.
Aon develops $70mn in alternative capital capacity to transfer systemic cyber risk
The cover allows for limits of up to USD 70 million and will protect against increasing cyber loss aggregations on re/insurers’ balance sheets. The product is structured to protect the cedent from the effects of catastrophic cyber market losses stemming from events such as self-propagating malware or wiperware, distributed denial of service, a significant cloud outage or certificate revocation.
LIC launches industry’s first digital tool to issue a policy through a paperless module
The digital application is a tool for the on boarding process to get the life insurance policy through a paperless module with the help of the agent / intermediary.It is built on paperless KYC process using Aadhaar based e-authentication of the life proposed
Govt releases backend code of Aarogya Setu to enhance transparency
“Releasing backend code will help people in understanding the complete functioning of the app. This will clear any doubt that they have regarding privacy and security of their data,” a MeitY official explained.
At 12 billion, IoT connections to surpass non-IoT devices in 2020
“By 2025, it is expected that there will be more than 30 billion IoT connections, almost 4 IoT devices per person on average,” said Knud Lasse Lueth, Founder and CEO of IoT Analytics.
Will finalise data protection law very soon: Ravi Shankar Prasad
Prasad said major global companies, including from India, have committed to invest close to Rs 11 lakh crore in the next five years and proposed to manufacture mobiles and components, out of which Rs seven lakh crore would be only for exports.