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Severe solar storm brings dazzling Aurora, threatens to trigger blackouts
The danger is that the storms can inject direct current into...
Phi Commerce to manage payment solutions for Reliance Nippon Life Insurance
Omnichannel payment solution provider Phi Commerce will manage...
Fintech panel suggest legal framework to protect digital services consumers
The panel has also recommended that insurance companies and lending agencies be encouraged to use drone and remote sensing technology for crop area, damage and location assessments to support risk reduction in insurance/lending business.
Costs making it difficult for EV to make a good value proposition: Maruti Suzuki
Under the current circumstances, a mass segment EV is likely to cost around two-and-half times more than the same vehicle type powered by a conventional engine, he added.
Tesla rolls out insurance in California
Chief Executive Elon Musk has been one of the strongest proponents of the idea that car insurance rates should plummet as driver-assist and self-driving technology become standard. Tesla said rates of its new plan were as much as 20% lower than those of rivals but did not provide comparisons.
Do we need a backup planet to survive?
Last week, Elon Musk said that ‘a big rock (asteroid) will hit Earth eventually & we currently have no defence’
Jeff Bezos, on the other hand, worries that we will run out of energy on Earth, leaving the future generations with limited resources which can block their growth, dynamism
Face-to-face distribution remains the primary mode of buying insurance in India:PwC report
A focus efforts on three areas of productivity, assistance and enablement along with exceptional customer experience and user friendliness, will ensure higher engagement and adoption from sellers.
China tops list of U.S. cybersecurity agency’s top risks
A newly created U.S. cybersecurity agency said Thursday that China represents the greatest strategic risk to the U.S., and as a result, the agency’s top operational priority is reducing the risks from Chinese compromises to the global supply chain, including emerging 5G technology.
Early claims and crash tests suggest risks of luxury, SUV electric vehicles
In serious crashes, electric autos’ high-voltage power plants automatically shut down, AXA noted, but damaged batteries can catch fire up to 48 hours after a crash, making it more difficult to deal with the aftermath of an accident.
Unlocking value for P&C insurers : Advanced analytics may present a crucial way
-Insurers can grow, optimise existing portfolios and become more efficient using advanced analytics that combine data science, extensive risk knowledge and industry expertise
-In particular, commercial lines can catch up with personal lines, which currently use analytics more extensively, through exploiting the rapid explosion in the number and breadth of structured and unstructured data sources
-Insurers can target at least a 2-5% improvement in loss ratios under real trading conditions with use of advanced analytics
SC grants Facebook some relief in key privacy case
The case is keenly watched as it brings out the conflict between privacy concerns on governments accessing citizens’ messages and the fight against cyber crimes like child pornography
7 global trends making engineering & construction projects bigger & costlier than ever
Analysis by Allianz Global Corporate & Specialty (AGCS) of more than 13,000 engineering insurance claims over the last five years has identified seven major trends in engineering and construction projects, driving some of the largest losses ever, according to a new report by the insurer. The report also examines how new technologies, such as drones, satellites, lasers, and computer modeling, are increasingly being used to speed up claims and mitigate risks