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Govt cracks down on SMS scammers; blacklists 8 principal entities found spewing fraud msgs
The Department of Telecom (DoT), in collaboration with the Ministry...
Tata AIA Life provides instant loan up to Rs 1 lakh against policies
Policyholders of Tata AIA Life Insurance can now avail an instant...
Swiss Re’s digital insurance platform iptiQ gets a new CEO
In his new role at iptiQ, Carlo Bewersdorf will be focused on driving Swiss Re’s ambition to protect more people and their families by making insurance more accessible and engaging. He will seek to further develop a business model based on forging strong partnerships to sell insurance via trusted brands. At the heart of this effort is the drive to dovetail Swiss Re’s expertise with the smart use of data and technology to create no-fuss, scalable digital insurance solutions.
Verisk launches Life Risk Navigator Software Platform
“As the life insurance industry undergoes a digital transformation, the demand for modern analytics platforms has grown significantly,.Life Risk Navigator brings together a robust modeling suite and allows organizations to streamline their pricing, ERM, and portfolio optimization workflows into a single platform.”” said Maroun Mourad, president, global underwriting at Verisk. “
Insurance software firm Majesco acquired by PE outfit Thoma Bravo for $594M
“We are extremely excited to partner with Thoma Bravo,a firm with an established track record of working with companies transitioning to the cloud.This transaction delivers significant cash value to our stockholders.Moreover, the added flexibility we will have as a private company, combined with the benefit of Thoma Bravo’s knowledge and domain expertise, can allow us to more effectively focus on our long-term investment and growth objectives, to the benefit of our employees, customers and partners.We are in alignment with Thoma Bravo on our strategic vision to help global insurers transition to the cloud,” Majesco CEO Adam Elster said
Policybazaar to raise $150 million in third quarter
Growth over the last year is between 70 per cent and 100 per cent depending on insurance product, he said, adding, “this year we should be profitable. We were profitable in FY18, while FY19 and FY20 we were not quite profitable. So this (growth in business) will help us to become profitable from this year onwards.”
Twitter hacking spree alarms experts concerned about the platform’s security
“If the hackers do have access to the backend of Twitter, or direct database access, there is nothing potentially stopping them from pilfering data in addition to using this tweet-scam as a distraction,” said Michael Borohovski, director of software engineering at security company Synopsys.
‘Hands free’: Automakers race to next level of not quite self-driving cars
Most traditional automakers until recently had resisted allowing drivers to take their hands off the steering wheel for extended periods, concerned about product liability claims. Now, hands-free driving systems offer a new and sorely needed source of profit for automakers and suppliers such as Aptiv Plc , especially when this technology is packaged with other extra-cost options.
Google backs Reliance’s Jio Platforms with $4.5 billion India investmen
The deal with Google will bolster Reliance’s tech ambitions, such as building smart homes, using solutions similar to Amazon.com Inc’s Alexa voice assistant, connected cars and security systems.
Jio and Google will also partner to built a low-cost “4G or even 5G smartphone” for India, Ambani said, in a move that is likely to get tens of millions of Indians to use mobile internet for the first time.
‘Tough day’ for Twitter after hack targets tycoons,stars,politicians
Shares in the social media company tumbled almost 5% in trading after the market close before paring their losses.
In the hours after the initial breach, some of the platform’s biggest users appeared to be struggling to re-establish control of their accounts. In the case of billionaire Tesla Chief Executive Elon Musk, for example, one tweet soliciting cryptocurrency was removed and, sometime later, another one appeared, and then a third.
Among other high profile accounts affected: rapper Kanye West, Amazon founder Jeff Bezos, investor Warren Buffett, Microsoft co-founder Bill Gates, and the corporate accounts for Uber and Apple . Several accounts of cryptocurrency-focused organizations were also hijacked.
Google ties more work tools into Gmail, aiming to get ahead of Microsoft
Google has been trying for more than a decade to catch up with Microsoft Corp’s Office, which dominates the global market for corporate email and document-editing tools.
Both companies have been adding video-calling features and other collaboration tools to attract new business from companies operating from home during the pandemic.
UK bans Huawei from 5G network, orders telcos to stop buying its equipment
Britain imposed the ban after the US threatened to sever an intelligence-sharing arrangement because of concerns Huawei equipment could allow the Chinese government to infiltrate UK networks.