Aurm, a Bangalore based firm securing vault services has announced...
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SBI Gen unveils first industry-wide policyholder servicing e-platform
Kishore Poludasu, MD & CEO, SBI General Insurance This platform...
TATA AIG General launches India’s first satellite in-orbit 3rd-party liability policy
The Indian space industry is experiencing phenomenal growth, with a...
Munich Re invests heavily in data analytics & artificial intelligence:Doris Höpke
Höpke also said that the financial impacts of cyber losses were becoming more severe and said demand for cyber prevention and protection would increase, as greater interconnectivity increased risk exposures
Number of ‘unicorn’ startups in China exceeds US number for first time
“China and the US dominate with over 80 percent of the world’s known unicorns, despite representing only half of the world’s GDP and a quarter of the world’s population,” Hurun Report chairman Rupert Hoogewerf said.
India emerges 3rd largest ecosystems for successful start ups
China pipped the USA to lead by 206 versus 203, together accounting for over 80 per cent of the worlds unicorns. Europe has 35 unicorns
Daimler Recalls Thousands of Mercedes-Benz Vehicles over Diesel Emissions
In June, Daimler issued a profit warning and announced an increase of legal provisions by a high three-digit million euros amount, to cover various ongoing governmental proceedings and measures relating to diesel vehicles.
Boeing partners with Porsche on electric flying car
Earlier this year, the planemaker conducted an inaugural test flight of an aerial car prototype that could accommodate two to four passengers and fly up to 50 miles.
One in five organizations doesn’t have cyber insurance: Marsh-Microsoft Study
Among respondents to the Marsh-Microsoft Cyber Perception Survey, nearly one-third of those who said their organization estimates the potential financial costs of a cyber event projected that losses from a worst-case incident could reach into the tens of millions of dollars .
Munich Re invests $ 250m more in Next Insurance
This investment emphasises Munich Re’s commitment to be the leading provider of digital insurance solutions. It also helps Munich Re expand its footprint in the promising insurance market for small and medium-sized commercial customers in the United States. We are confident that building on our proven collaboration will benefit both Munich Re and Next Insurance,”Joachim Wenning, chairman, Munich Re
Fundamental changes to insurers current model unavoidable:WITR 2019
The roadmap to the future requires insurers to break internal silos, seamlessly connect with ecosystem players, and become inventive. Inventive Insurer competencies cover intelligent processes, open platforms,customer centricity, and an innovative corporate mindset, according to WITR 2019 research and analysis.
With 150 million drivers, India has only 8000 electric cars
India had an estimated 650 charging stations for cars and SUVs in 2018, according to BNEF. China, the largest market for EVs, has about 456,000 charging points, official data shows.India’s sparse charging infrastructure stems from locals’ chicken-and-egg approach to the issue.
Only 10% of Indian CEOs confident about reliability of AI applications: PwC
The worrying part is that Indian respondents (53 per cent) significantly outnumber their global counterparts (36 per cent) in admitting that they have no formal approach to identify AI risks