Anand Roy,Managing director and CEO ,Star Health and Allied...
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Vaishnaw calls for global collective efforts to deal with risks, dangers posed by AI
“The whole package… the whole AI Mission which was approved by the...
Sensex crosses 80,000 in record opening, banking stocks lead rally
"Higher global markets are setting up a positive open for Indian...
Sabotage suspected in Mumbai power outage: Energy minister
A grid failure resulted in massive power outage in Mumbai and neighbouring areas on Monday, stopping trains on tracks, hampering those working from home and hitting the stuttering economic activity hard.
Pay-per-part: TRUMPF and Munich Re plan new business model for the manufacturing industry
The jointly developed “pay-per-part model” enables customers to use a full-service laser machine without having to buy or lease any equipment.Instead, customers pay a previously agreed price for each cut sheet metal part – in other words, they only pay for what they need. This allows customers to make their production processes more flexible and react faster to market changes.
“The cooperation with TRUMPF is an outstanding example of how the combination of Munich Re Group’s various offerings – risk solutions, IoT technology and financing – makes it possible to develop innovative business models for the industry. We are convinced that such partnerships represent a forward-looking response to the challenges of an increasingly dynamic market environment,” said Torsten Jeworrek,Member of the Board of Management
India joins UK-led campaign against encrypted social media messages
The UK and India are joined by the US, Canada, Australia, New Zealand and Japan in a joint international statement addressed to all tech companies to ensure they do not blind themselves to illegal activity on their platforms, including child abuse images.
Facebook will ban ads discouraging people from getting vaccines
Facebook is working with public health partners like the World Health Organization and UNICEF on messaging campaigns to increase immunization rates, they added.
Anti-vaccine content and misinformation about the new COVID-19 vaccines have flourished on social media platforms including Facebook during the coronavirus pandemic, researchers told Reuters earlier this year.
Norway says Russia behind cyber attack against its parliament
“Based on the information available to the government, it is our assessment that Russia stood behind this activity,” Ine Eriksen Soereide said in a statement.
Swiss Re and Daimler launch new company Movinx, to transform automotive & mobility insurance business
Both shareholders of the 50/50 joint venture will leverage their complementary expertise to establish a new business model.
The aim is to develop fully digital automotive and mobility insurance products that both fulfill changing customer needs and offer best-in-class service quality. The first insurance products and services are planned to launch in France in 2021.
In the coming years, further market entries are planned across Europe, in the Americas, and in Asia.
Pravina Ladva, Swiss Re’s Digital Transformation Officer, said: ”We believe that partnering with Daimler Insurance Services and establishing Movinx will take us to the next level in innovating mobility insurance. Our joint long-term ambition is to unlock an ecosystem interplay where insurance supports the introduction of new technologies such as advanced driving assistance systems and autonomous cars as well as new business models in the mobility area.”
As globe gallops into vaccine trials, insurers remain unfazed
While more than 40 experimental COVID-19 vaccines are being tested on humans, the insurance companies with decades of experience in assessing the risks of clinical trials don’t see anything to be unduly concerned about.
Executives at insurer Allianz and brokers Gallagher and Marsh, among the leading players in clinical trials insurance, told Reuters that premiums had only marginally increased so far in the current pandemic
Natural disasters surge in past 20 years, likely to continue to wreak havoc: U.N.
China (577) and the United States (467) recorded the highest number of disaster events from 2000 to 2019, followed by India (321), the Philippines (304) and Indonesia (278), the U.N. said in a report issued the day before the International Day for Disaster Risk Reduction. Eight of the top 10 countries are in Asia.
Container shipping group CMA CGM resumes online services after cyber attack
In a separate incident, U.N. shipping agency the International Maritime Organization (IMO) said on Oct. 1 that its website and intranet had been disabled by a sophisticated cyber attack and its IT specialists had shut down key systems to prevent further damage.
India data centre infra market to touch $2.8bn in 2020:Gartner
“Focus on automation, remote monitoring, coupled network optimisation is part of the new normal for infrastructure leaders in India,” a new Gartner report said