Category:

Technology

Singapore’s Dy PM launches Global Asia Insurance Partnership,to incubate new risk financing solutions for emerging risks in Asia

“Through GAIP, we aim to produce actionable research insights, develop policy recommendations, There are many structural protection gaps facing Asia, but pandemic risk and climate risk are two critical areas that demand our immediate and collective attention,.” Heng Swee Keat Deputy Prime Minister, Coordinating Minister for Economic Policies and Minister for Finance,Singapore, said adding that GAIP is expected to commence work in January next year.

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Microsoft Teams platform reaches 115mn daily active users: Nadella

The video collaboration platform has added over 100 new capabilities in the last six months, including breakout rooms, meeting recaps, shift scheduling, and large scale digital events up to 20,000 participants, to help people transcend both time and distance.

“We are adding reimagined workspaces in Teams for every collaborator, remote, in-person, or on the go, and we’re accelerating our innovation for both first-line and knowledge workers,” Nadella stressed.

New insights in Teams provide personalised recommended actions, making it easier for employees to create healthy work habits and for leaders to build high-performing teams.

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Ransomware surge imperils hospitals as pandemic intensifies

Hackers are aware that “health care is the most likely to pay the ransom because their services are critical,” dos Santos said.

“Stopping services means that people will literally be dying.”

For hospitals unable or willing to pay, “it would mean going back to pen and paper, which can cause huge slowdowns,” he added.

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Telangana EV Policy: First two lakh e-2 wheelers exempted from road tax, registration fee

“To make Telangana a major base for EV and ESS (energy storage system) sectors and to attract investments worth USD 4.0 Billion and create employment for 120,000 persons by 2030 through EVs in shared mobility, charging infrastructure development and EV and ESS manufacturing activities,” the policy said

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Facebook targeted in U.K. legal action over Cambridge Analytica

The possible lawsuit adds to Facebook’s run-ins with European privacy and antitrust authorities, which have intensified since the Cambridge Analytica affair emerged in March 2018. The EU has two early stage competition cases into Facebook’s classified ads service and its data practices, while Germany’s cartel office has targeted the company. The U.S. tech giant remains the target of multiple privacy disputes in Ireland, its EU home

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Banks roll out robots as pandemic shakes up IT plans

Industry experts say the pandemic has focused bank executives’ minds when it comes to IT spend and more digitally savvy lenders will steal a march on competitors.

“There is a digital divide,” Jerry Silva, global banking research director at IDC said. “Sometimes I call it the predatory gap, because those banks are going to be able to steal market share from those that weren’t prepared prior to 2020.”

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Insurtechs raise a record-breaking $ 2.5 bn in Q3 2020 globally as ‘funding gap’ widens

For the first time since Q4 2017, InsurTech start-ups based in India raised more funding rounds than those based in China.
$2.5 billion was raised by InsurTech firms across 104 deals, up 63% and 41% respectively over the prior quarter. Deals included two $500 million rounds, but the mid-tier funding gap for firms seeking investments in the $20 million to $50 million range has widened, according to the new Quarterly InsurTech Briefing from Willis Towers Watson,

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Swiss Re joins global coalition to better predict & prevent outbreak and pandemics, to harness data and analytics

The Trinity Challenge aims to develop ideas and tools for tackling the three stages of infectious disease emergencies – identification, response and recovery.
By becoming a member of The Trinity Challenge, Swiss Re is joining leaders across the academic, non-profit and private sectors including Google, Microsoft and Facebook, GlaxoSmithKline, McKinsey & Company, the Gates Foundation, the University of Cambridge and Imperial College London.

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