The plans come as internal government data shows individuals have...
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Credit card data of 17K ICICI Bank users exposed; bank blocks cards, assures compensation
In a statement the ICICI Bank spokesperson said that it came to...
SC to share cause lists, info about filing of cases through WhatsApp: CJI
Now, litigants, parties in-person and advocates-on-record (AoRs)...
Willis Towers Watson launches drone disruption action plan
Jago Harvard-Walls, Client Relationship Director and Transportation Lead in Asia, Willis Towers Watson, said “Drone-related incidents at airports may be a recent phenomenon, but they are expected to increase in frequency, complexity and severity as drones become larger and more powerful. Airports need to prepare for potential attacks through effective risk management and there are a number of steps that airports can take to prepare for these scenarios. This includes assessing, locating and understanding the type of drone that has infringed airspace, as well as reputation management.”
Munich Re launches automated damage detection for improved hurricane response and claims experience
Munich Re’s Remote Industries offers insurance companies the information they need to prioritize and steer claims adjuster resources, proactively reach out to affected policyholders and ultimately help mitigate losses. Remote Industries uses high-resolution aerial imagery and machine learning to help insurance companies predict potential property claims four days prior to an expected hurricane.
Japanese flying car takes flight – for about a minute
Japan isn’t the only country seeking to usher in a flying-car utopia; Dubai, Singapore, and New Zealand have expressed similar intentions. Google co-founder Larry Page’s Kitty Hawk Corp. is also working on a flying car, as is Uber Technologies Inc.
Artificial Intelligence helps to contain wildfires, predict wild weather
The equipment includes optical and thermal cameras, as well as spectrometric systems that identify the chemical makeup of substances. By linking them to artificial intelligence, a small Portugal-based company working with IBM Corp. believes it can help tame the often unpredictable affects of climate change. Others are using AI to predict dangerous hail storms, and studying how it can help find victims in bad weather.
Your high-tech car could be vulnerable to deadly mass cyberattacks
“Automakers are taking many protective actions, including designing vehicles from the start with security features and adding cybersecurity measures to new and redesigned models.”
Lloyd’s selects 11 Insurtechs to help support its Future-at-Lloyd’s project
The start-ups are focused on finding ways to enhance data sharing and provide new sources of risk insight as well as pricing and risk models to help Lloyd’s market participants better understand threat scenarios. They also will be developing methods to reduce the cost of processing claims as well as the burden of compliance and regulation
New auto safety technology leaves insurers in the dark
According to Swiss Re AG, the world’s largest auto reinsurer, and mapping company HERE, ADAS has the potential to reduce motor accident frequencies by up to 25%, cutting global insurance premiums for fully ADAS-equipped cars by $20 billion by 2020.
GST slashed for EVs to 5% from 12%, will be effective from 1st August
India has put in place a game plan for electric vehicles (EV) and its components like batteries to ensure clean cities, reduce imports and utilise solar power, NITI Aayog CEO Amitabh Kant said on Saturday
SoftBank’s Masayoshi Son forms $108-billion Vision Fund 2 with Apple, Microsoft
Son wants to raise a new massive fund every two or three years to take advantage of opportunities he sees in cutting-edge technologies such as artificial intelligence and autonomous driving.
Australia to police Facebook, Google with new watchdog office to protect privacy
Australian Treasurer Josh Frydenberg said the $5 billion fine slapped on Facebook in the United States this month for privacy breaches showed regulators were now taking such issues extremely seriously.
“These companies are among the most powerful and valuable in the world,” Frydenberg told reporters in Sydney after the release of a much-anticipated report on future regulation of the dominant digital platforms.