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Volkswagen India to offer 6 airbags across all variants of 5-star GNCAP Taigun, Virtus models
"Our portfolio of India 2.0 cars will offer six airbags as standard...
Tackling Air Turbulence: Cabin Crew’s new lessons
"While variations in climate can cause variations in Clear Air...
Google to buy Fitbit for $2.1 billion to enter wearable technology space
Rick Osterloh, Google senior vice president for devices and services, said the deal for the wearable tech pioneer is one “bringing together the best hardware, software and AI, to build wearables to help even more people around the world.”
Global insurers face quiet strain from hacker ransom demands
Cyber experts say the criminals launching ransomware against companies are organised gangs in Russia and eastern Europe, or hackers sponsored by foreign governments. Insurers sometimes have restrictions in their policies to avoid covering attacks by nations, but it can be difficult to know for sure what type of criminal is launching an attack.
$4.36 bn deployed in InsurTech cos across 239 transactions in first 3 qtrs
Dr Andrew Johnston, Global Head of InsurTech at Willis Re, says: “The continuing rise in InsurTech investment acknowledges the enormous role technology has to play in our industry, but we need to avoid becoming a sector jaded and frustrated by it. Today’s InsurTech is as much about hype and entrepreneurial culture as it is about appropriate technology for the (re)insurance industry.
Ping An’s $22 bn push to shed old-school insurance skin
The firm has plowed $7 billion to date into technology and R&D and plans another $15 billion over the next decade. It’s spun off 10 tech startups, based around those five ecosystems in financial services, health care, real estate, automobile, and smart city, or government, services.
Indonesia report on 737 MAX crash faults Boeing design, says Lion Air made mistakes
The manufacturer is facing nearly 100 lawsuits over the Ethiopian Airlines crash on March 10 which killed all 157 people on board the flight from Addis Ababa to Nairobi.
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.