Central Consumer Protection Authority (CCPA) has identified 13...
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EV sales almost double to 90,000 in fy 23-24
Tata Motors led the segment with registrations of 64,217 units, up...
Tata AIA Life Insurance chooses SAS for IFRS 17
Tata AIA Life Insurance Company has chosen SAS, a leader in AI and...
Tesla to launch insurance products in May
“The answer is yes we are creating a Tesla insurance product and we hope to launch that in about a month. It will be much more compelling than anything else out there,” Tesla CEO Elon Musk said
Data and alternative risk finance methods are boosters for risk managers:Report
“By effectively marshalling data and risk modeling tools, organizations can better understand changes in their risk profiles and risk bearing capacity allowing them to access the opportunities presented by the growing levels of capital available for risk finance,” said Brian Elowe, North American Chief Client Officer, Marsh.
Privacy practices probe could cost facebook up to $5 billion
Under the terms of the 2011 settlement with the US Federal Trade CommissionC, Facebook agreed to get user consent for certain changes to privacy settings. The agreement stemmed from claims that it deceived consumers and forced them to share more personal information than they intended. That complaint arose after the company changed some user settings without notifying its customers.
Direct-to-Consumer model gains traction in US auto insurance market
What’s driving this trend? In a word: consumerism. The shift in consumer behavior in the auto insurance industry is quickly moving from face-to-face to digital as large, well-capitalized insurers give consumers the tools to shop as they would for any other consumer product. Increasingly, those insurers who get that consumer model right are the ones who will dominate the market.
WHO releases first guideline on digital health interventions
One digital intervention already having positive effects in some areas is sending reminders to pregnant women to attend antenatal care appointments and having children return for vaccinations. Other digital approaches reviewed include decision-support tools to guide health workers as they provide care; and enabling individuals and health workers to communicate and consult on health issues from across different locations.
New crop of satellites will identify biggest contributors to Climate Change
“Space-based technologies are allowing us for the first time to quickly and cheaply measure greenhouse gases,” said Mark Brownstein, a senior vice president at Environmental Defense Fund, which plans to launch its MethaneSAT in 2021. “Oftentimes both government and industry are not fully aware of the magnitude of the opportunity to cut emissions. With that data, they can take action.”
Alphabet’s wing is first commercial Drone Unit certified as Airline
“It’s an exciting moment for us to have earned the FAA’s approval to actually run a business with our technology,” Wing Chief Executive Officer James Ryan Burgess said in an interview. He called it “pivotal” both for his company and the drone industry in general.
Driving in Georgia while sitting in California; remote control beats autonomy
Phantom Auto’s new line of business shows just how deep the current moment of disillusionment has become for the self-driving car industry. After years of development and more than $10 billion in investment, autonomous vehicles still aren’t ready for widespread public use. Phantom Auto’s original strategy was to fill gaps in robotaxi capabilities. But autonomous ride-hailing fleets have made little progress beyond testing and rarely operate without human safety drivers—sometimes working in pairs—sitting in the front seat.
Fight against Floods enlists supercomputers, drones, sonar
The cost of this technology is coming down even as disaster recovery becomes more expensive, so “anything we can do to reduce the costs of these floods and natural hazards is worth it,” she said. “Of course, loss of life, which you can’t put a dollar amount on, is certainly worth that as well.”
Acko and Rapido tie-up to insure customers and captains
The comprehensive cover offered by Acko kicks in the moment a ride begins and secures the captain and customer against a multitude of risks. Besides death and disability where the sum insured is up to Rs 5 lakh, this cover also includes loan protection, medical expenses reimbursement and OPD treatment. Additionally, for captains, the insurance also covers child education, helmet and mobile damage