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Apr1 Renewals: New reinsurance opportunities in Indian market
In contrast to last year’s renewal, 4/1 saw a resurgence in...
IRDAI bans any competition against Bima Sugam-Insurance Electronic Marketplace
``No other person can commence or operate with same or similar...
France uses strict EU privacy law first time, fines Google 50 mn euros
Google was handed the record fine from the CNIL regulator for failing to provide transparent and easily accessible information on its data consent policies, a statement said.
EV makers demand Rs 20,000 cr in the next two years for promoting vehicles
“Electric mobility needs stable and long-term policy support, concentrated dose of customer incentives and massive awareness campaign to reach a target of 30 per cent EVs by 2030,” said SMEV Director-General Sohinder Gill
US Regulators disagree over giving Fintechs Federal Charter to skirt State Rules
Companies such as PayPal and LendingClub Corp. have attracted millions of customers by offering greater convenience or better prices than traditional banks. The OCC and the FDIC say such firms can broaden access to financial services because their low-cost models allow them to reach poorly served areas and offer small loans that are uneconomical for bigger banks.
Headlights are passé: Luxury cars of the future will be illuminated with lasers
As cars move toward more enhanced and powerful semiautonomous systems, which rely not only on constant cloud computing for their decision-making but also on clear forward “vision” through their cameras and sensors, light and data transmission will have huge implications for driver safety.
Turtlemint’s $25 million funding by Sequoia
“Turtlemint has pioneered a new model that is not only bringing new agents into the insurance domain but is also helping them become more productive & effective with their customers by making them digitally savvy”, said Harshjit Sethi, Principal, Sequoia Capital India Advisors. “Sequoia India is excited to partner with them from the early stages – the company is growing at a very fast clip and is well on its way to transforming insurance distribution in the country”, he added.
IMD working to give forecast on thunderstorms 6-12 hours in advance
M Rajeevan from the Ministry of Earth Sciences said this year the IMD plans to have Standard Operating Procedures (SOPs) in place for dealing with thunderstorms instances and it will be working more closely with the National Diaster Management Authority (NMDA). Sending early warnings to states will give them more time to respond, he said, adding the system should be in place by April.
Smart Car makers see safety enhancements turning into revenue opportunities
Whether by generating alerts about drowsiness, unfastened seat belts or wallets left in the backseat, the emerging technology aims not only to cut back on distracted driving and other undesirablebehavior, but eventually help automakers and ride-hailing companies make money from data generated inside the vehicle.
Sharing Safety:Toyota offers Its Driver Assistance Technology to Competitors
Self-driving cars and related mobility services could become a $10 trillion market, according to Ford Motor Co. Chief Executive Officer Jim Hackett. Toyota’s seemingly selfless act could pay off in fat royalties and potentially burnish its reputation as a safety and technology leader just as those attributes become critical to the autonomous age. Toyota insists it’s about saving lives in a world where 1.3 million people die on the highway each year.
Los Angeles sues IBM’s Weather Channel for use of location tracking
In a complaint filed Thursday [Jan. 3] in California state court, the city alleges IBM used detailed location data from users for targeted advertising and to identify consumer trends that might be useful to hedge funds, while at the same time telling consumers their location would only be used to localize weather forecasts. The suit doesn’t allege personally identifiable information was sold.
RBI sets up panel under Nandan Nilekani to boost digital payments
The panel has been tasked with reviewing the existing status of digitisation of payments in the country, identifying the current gaps in the ecosystem and suggesting ways to bridge them and assessing the current levels of digital payments in financial inclusion. It will also “suggest measures to strengthen the safety and security of digital payments… (and) a road map for increasing customer confidence and trust while accessing financial services through digital modes”.