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Cyber insurance premiums falling globally, businesses become more adept in curbing their losses, Howden Report
Business interruption is usually the biggest cost following a...
ICICI Lombard launches new health insurance product powered with AI
Mumbai: ICICI Lombard General Insurance has launched health...
Govt finalising new IT rules for social media entailing traceability of info originator
The proposed new norms include the deployment of technology-based automated tools or appropriate mechanisms for proactively identifying and removing or disabling public access to unlawful information or content, Minister of State for Electronics and IT Sanjay Dhotre said in a written reply to the Rajya Sabha on Thursday.
No proposal to link social media accounts of individuals to Aadhaar: Ravi Shankar Prasad
Prasad said that as a matter of policy and by design, the Unique Identification Authority of India (UIDAI) precludes itself from aggregating information arising from the use of Aadhaar, tracking and profiling individuals.
Microsoft puts Israeli facial recognition startup under ethics microscope
Microsoft itself markets a facial recognition tool and backed a U.S. Senate bill, announced on Thursday, that would require a court order before federal law enforcement could use the technology for targeted, ongoing surveillance.
Allianz partners with Microsoft to digitally transform the insurance industry
“Together, Microsoft and Allianz are offering a solution that combines Allianz’s deep knowledge of the insurance sector with Microsoft’s trusted Azure cloud platform. By delivering an open-source, cloud-based insurance platform and software application marketplace, we will support innovation and transformation across this sector.”
Lloyd’s to create single governing body, merging Council and Franchise Board
The news follows five months of consultation across the Lloyd’s market, with more than 90% supporting the proposal to merge the board into the council and create a single governing body for the Corporation of Lloyd’s and the Lloyd’s marketplace, said Lloyd’s in a statement.
Tencent buys 10% of Policybazaar, enters India insurance market
The Chinese technology giant bought 10% of Policybazaar, half of Tiger Global Management LLC’s stake in the company, the person said, asking not be identified as the matter was not public. The $150 million deal was signed earlier this week, the person added.
Life insurance sector catching up in terms of innovation
“Improvements in customer and agent interfaces, automated underwriting, data mining and other techniques are starting to create changes in the life insurance industry,” said Terence Martin, a Director, Insurance Research at Conning
Facebook employing user data as a weapon against rivals: Report
Some 7,000 pages of documents reveal how Facebook chief Mark Zuckerberg and his team harnessed users’ personal information to reward partners by giving them preferential data, while depriving rivals of the same sort of information, it reported.
Any attempt to create monopoly on data will not be acceptable: Govt
Prasad emphasised that any data protection law must be technology agnostic, based upon element of free consent, no abuse of consent beyond the permissible limits, requisite data protection authorities and a fair mechanism for data processing.
Suit against Facebook alleges age, gender bias in financial services ads
According to the complaint filed in San Francisco federal court, Facebook persists in its willingness to let financial services advertisers “target” prospective customers by age and gender, despite a recent overhaul covering other kinds of ads.