Technology

“We’ll do this through a mix of equity investments, partnerships, and operational, infrastructure and ecosystem investments. This is a reflection of our confidence in the future of India and its digital economy,” wrote Sundar Pichai, CEO of Alphabet

India panel proposes new regulator for non-personal data: draft report

Jul 10, 2020 | Eco/Invest/Demography, Indian News, Risk Management, Technology

“There is a need to create a regulator or authority for data business, which provides centralized regulation for all non-personal data exchanges,” the government-appointed panel said in the report.

Tesla ‘very close’ to level 5 autonomous driving technology, Musk says

Jul 9, 2020 | Eco/Invest/Demography, Facts, Non-Life, Risk Management, Technology

Tesla is also developing new heat projection or cooling systems to enable more advanced computers in cars, Musk said, hailing the company’s team in China for doing an “amazing job”.

Munich Re’s digital solution to power Generali Indonesia for selling life insurance

Jul 9, 2020 | Eco/Invest/Demography, International News, Life, Risk Management, Technology

Generali Indonesia selects Munich Re Automation Solution’s ALLFINANZ SPARK to streamline the paperless process and enhance the customers’ experience

Deutsche Bank and Google agree multi-year, strategic partnership

Jul 9, 2020 | Banking & Bancassurance, Eco/Invest/Demography, Facts, Technology, Trends, Facts

he deal is part of a 13 billion euro ($14.70 billion)technology investment Deutsche has planned up to 2022 as it restructures to recover from years of losses.

Beazley launches booking system for virtual broker meetings

Jul 8, 2020 | Eco/Invest/Demography, Facts, Intermediaries, Pandemic, Technology

Built in collaboration with Microsoft and IT consultancy Redspire, Beazley Booking uses Microsoft’s low code platform Power Platform to create a simple web application that brokers can access using a secure log-in provided by Beazley.

Beazley Booking enables brokers to view underwriter availability, book a meeting time, upload an agenda and documents in advance and view all of their scheduled meetings with Beazley underwriters. It aims to ensure brokers retain consistent access to their underwriting contacts during social distancing and beyond as the insurance industry adopts more flexible working practices in the long term. It also provides underwriters with access to a detailed log of broker enquiries and appointments on a fully secure system.

Cars, a cocktail and a celebrity: South Koreans succumb to Tesla fever

Jul 8, 2020 | Climate, Environment, Renewable Energy, Eco/Invest/Demography, Facts, Non-Life, Technology, Trends, Facts

Tesla’s rising popularity among affluent professionals in South Korea, who have been relatively unscathed by the pandemic, is one of many feathers in its cap.Highlighting the threat it poses to established brands, Tesla last week surpassed Toyota Motor Corp as the world’s most valuable automaker while its second-quarter deliveries smashed expectations at a time when sales at rivals have been laid low by the pandemic.

South Korea’s generous subsidies of 12.43 million won ($10,380) for the Model 3 have definitely helped sales, bringing the car’s price down to less than $40,000, but the Silicon Valley automaker has also generated a genuine buzz.

India arrests South Korean CEO,11 others for gas leak at LG Polymers

Jul 8, 2020 | Eco/Invest/Demography, Indian News, Non-Life, Risk Management, Technology

Toxic styrene gas leaked from the chemical plant choking many people who were sleeping.

This week, a government-appointed committee recommended that the plant should be shifted away from human habitation and called for action against the top employees. It said LG Polymers had been negligent and warning systems were not working.

TikTok quits Hong Kong as U.S. giants suspend processing data requests

Jul 7, 2020 | Eco/Invest/Demography, Facts, Risk Management, Technology

The U.S. companies’ social media platforms are generally banned in China, where access is blocked by Beijing’s “great firewall”. Most have operated freely in Hong Kong, but will now have to determine how to comply with new rules for the city, which rights groups say threaten freedoms enjoyed for decades.

Facebook (FB.O), which also owns WhatsApp and Instagram, said in a statement on Monday it was pausing reviews of user data requests for all of its services “pending further assessment of the National Security Law.”

Google and Twitter (TWTR.N) said they had suspended their reviews of data requests from Hong Kong authorities immediately after the law went into effect last week. Zoom and Microsoft’s LinkedIn issued similar statements on Tuesday.