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InsurTech investment doubles in Q3; parametric cover in focus

Some InsurTech firms have acknowledged these benefits and combined technology and information within parametric or event-based insurance structures to address existing inefficiencies or coverage gaps. They use a combination of third-party and proprietary data, advanced sensors, and the capabilities of the Internet of Things to develop a new paradigm of insurance offerings for the connected world. The Briefing looks in detail at several examples, including companies using parametric structures to cover the risks of earthquakes, travel disruption, flash flooding, and horticulture.

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MHA authorises 10 central agencies to access any computer resource

According to the order, the person who the computer belongs to will have to provide access and technical assistance to the aforementioned agencies. If they fail, there will be a punishment of up to seven years. Home Secretary Rajiv Gauba has issued the order.According to Section 69(1) of the Information Technology Act, 2000, central or state governments allow agencies to intercept, monitor or decrypt any information generated, transmitted, received or stored in any computer resource

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Facebook users need Rs 70,000 to deactivate account for one year

“Social media, and the internet more broadly, have changed the way we live and the way we keep in touch with friends and family, but it’s hard to find evidence that the internet has made us richer or more productive at work,” said Jay Corrigan, a professor at Kenyon College in the US.We know people must derive tremendous value from Facebook or they wouldn’t spend millions of hours on the site every day. The challenge is how to put a dollar value on a service people don’t pay for,” Corrigan said

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