In response to the significant decline in milk yield, estimated at...
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HDI Global launches `Climate Risk Reporting’
The new service from HDI Risk Consulting GmbH, a wholly owned...
GeM portal marks over ten fold growth in two year, Rs 80K crore saved so far
With over 12,070 product categories and 320+ service categories,...
Do your Facebook posts have God references? You are 15 times more likely to have diabetes
“As social media posts are often about someone’s lifestyle choices and experiences or how they’re feeling, this information could provide additional information about disease management and exacerbation,” Raina Merchant, an associate professor at University of Pennsylvania.
Some of the Facebook data that was found to be more predictive than demographic data seemed intuitive.
Digital Payment: India needs competition, cost, convivence and confidence to succeed
Philip G Heasley, President and CEO, ACI Worldwide, said, “Once we accept the fact that digital commerce from any point of the world can be sold to the rest of the world, you need to be able to deliberate highly digital fashion well. We just think it’s going to land up becoming perhaps in little ten years the most prevalent method of payment in the world.”
Lloyd’s of London aims to revamp Auto Coverage as era of Driverless Cars looms
Chief Executive Officer John Neal said that Lloyd’s is talking with automakers about how to set up different policies to stay relevant as car ownership changes. The shift is “inevitable” as companies such as Tesla Inc. explore their own insurance options, he said in an interview Monday.
Facebook to unveil new cryptocurrency; Visa and PayPal among partners
Regulators have been reticent about cryptocurrencies, not only due to potential abuse by criminals but the wild swings in their value harming consumers.
Boeing CEO concedes ‘mistake’ with planes in 2 fatal crashes
The U.S. Federal Aviation Administration has faulted Boeing for not telling regulators for more than year that a safety indicator in the Max cockpit didn’t work.
Pilots are angry the company didn’t tell them about the new software that’s been implicated in the crashes in Indonesia and Ethiopia that killed 346 people.
ACORD launches solution to digitise insurance lifecycle End-To-End
“The market needs accelerators to help it gain cost savings and efficiencies. ACORD iConductor is a turn-key solution that helps realize these benefits by digitizing the whole insurance lifecycle to streamline, automate, and eliminate inefficiencies.This platform is designed and built to address the current and future scale of the insurance market, and because it’s owned and governed by the industry, its evolution will align with demand for standardized risk exchange,” said Bill Pieroni, President and Chief Executive Officer of ACORD.
Uber, Lyft appeal for deal on driver status as independent contractors
Faced with legislation in California that endangers their business model, Uber Technologies Inc. and Lyft Inc. are urging a compromise that would keep their drivers from being considered employees. “We can make independent work better if we update...
Uber to unveil next-generation Volvo self-driving car
In March 2018, authorities in Arizona suspended Uber’s ability to test its self-driving cars after one of its XC90 cars hit and killed a woman crossing the street at night in the Phoenix suburb of Tempe, Uber’s largest testing hub. The crash was the first death attributed to a self-driving vehicle.
“Tech and cyber dominate insurers’ horizon scanning of business risks”
Urgent need for business and technology modernisation poses the greatest threat to the global insurance industry according to the survey. At the heart of responses was the view that many sector players are weighed down by legacy business models and IT infrastructure that are poorly equipped to handle the changing demands of the industry.
Singapore’s new IP insurance initiative to support innovative enterprises enter global markets
In advanced economies such as the USA, more than 80 per cent of enterprise value of S&P 500 is already in the form of intangible assets. These trends are increasingly driven by Asian economies, with Asian IP filings growing at the compounded average growth rate of 12.7 percent from 2007 to 2017, twice as fast as the rest of the world.