“This new solution set, powered by Microsoft, will help provide...
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WhatsApp banned record over 79 lakh accounts in India in March
The messaging platform, which has more than 500 million users in...
Indian space regulator In-Space releases guidelines to implement space policy
It also outlines the process for registering space objects in...
Startups find new ways to assess risk and create new businesses tied to auto insurance
Data on everything from how frequently a car is booked, the type of vehicle rented, the destination, the amount of time between making a reservation and the trip, how hard the driver slams on the brakes to how punctual and friendly a person is on the drive could all be fair game for the industry.Startups like Turo Inc. and BlaBlaCar believe they can take this information and use it to find new ways to assess risk and create new businesses tied to auto insurance.
AXA XL announces Collaboration with Slice Labs and Microsoft to Improve Cyber Risk Management
“This new level of integration with Microsoft and Slice Labs reinforces the fact that insurance is no longer an after the fact product that companies should use as a band-aid when an incident occurs,” said John Coletti, Chief Underwriting Officer, AXA XL’s cyber insurance team in North America. “We’re excited to bring a solution to market that only large enterprises have procured in the past to SMB’s who need it just as badly.”
Trov and Sompo partner to expand global mobility solutions
Catering to the needs of new transportation businesses such as micro-mobility, car-sharing, ride-hailing, and autonomous vehicle fleets, the partnership will leverage Trov’s Vehicle Activity API to identify risks and create new experiences for the operators and customers of the mobility platforms, all based on data received from connected vehicles and devices.
Insurtech, Data help Canadian farmers cut lending, insurance costs
Canadian farmers — grappling with with lower crop income, adverse weather and a trade dispute with China — are using precision-agriculture technology aimed at reducing lending and insurance costs. Collecting intricate crop data allows individual...
Swiss health startup dacadoo secures funding for its global growth
dacadoo develops technology solutions for digital health engagement and health risk quantification, and the company partners with insurers as well as corporate health service providers to bring its technologies to market globally.
500 electric cabs to hit Delhi roads this month to combat air pollution
Going big on zero emissions, the start-up for the benefit of its prospective customers also claims to follow a strict policy of zero surge pricing and zero cancellations.”The customers can book cabs without worrying about the hike in the price and they will have the ability to cancel the ride without paying for it,” it added.
Big tech may be required to share customer data with financial firms
The Financial Stability Board (FSB) called in a report released on Sunday for “vigilant monitoring” of Big Tech’s shift into financial services, which it said could crimp the ability of banks to generate capital through retained profits.
Robots in finance could wipe out some of its highest-paying jobs
“Financial machine learning creates a number of challenges for the 6.14 million people employed in the finance and insurance industry, many of whom will lose their jobs — not necessarily because they are replaced by machines, but because they are not trained to work alongside algorithms,” Lopez de Prado told the US House Committee on Financial Services.
India ranks 73rd in UN index assessing e-commerce readiness
India is ranked 73rd in the 2019 index, slightly improving its position from 80 in 2018 and 83 in 2017. According to the report, in India Internet shoppers as a share of Internet users was 11 per cent and Internet shoppers as a share of population 3 per cent in 2017.
LIC removes convenience fee on credit card payments
Henceforth, all digital collections will be free of charges for customers. With this initiative, LIC’s valued policyholders can transact online seamlessly, free of charges. This facility of free transactions using credit card shall be applicable to and implemented across all collecting systems (Card less payment and card dip / swipe on Point of Sale machines).