Category:

Technology

Virtual Competition: Online Platforms, Consumer Outcomes and Competition in Insurance

The importance of platforms in insurance is likely to increase further, due to the deployment of new technologies and shifting consumer expectations. A global consumer survey (unpublished) by The Geneva Association and Edelman Intelligence revealed that 60% of respondents would go online to look for information about insurance. Platforms such as Google, Amazon, and Alibaba have entered into agreements with insurance companies or are otherwise weighing up their entrance to the insurance space.

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1 mn cloud computing jobs to be created by 2022 in India: Report

rapid growth of cloud-native services and increasing acceptance of cloud-based environments as secure coupled with a need to save costs are driving companies away from traditional data centres (DCs) to cloud environments.In India, IT giants are now building solutions on the cloud rather than on physical infrastructure due to increased flexibility, scalability and speed.

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Asia’s Digital Revolution

The penetration of e-commerce, as a percentage of total retail sales, now stands at 15 percent in China, compared with 10 percent in the United States. E-commerce penetration is lower in the rest of Asia but is growing fast, particularly in India, Indonesia and Vietnam.

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Chinese big data industry boosts futuristic start-ups

One of the systems being supported by the big data industry is a smart judiciary assistant that can quickly scan through past judgments and case details to pull out relevant legal points, helping judges to arrive at decisions much faster.The project, being piloted in Guiyang, the capital city of Guizhou, can also help citizens know if they are likely to win a case.”If you are hit (in a road accident) and you want to take the case to court, with the smart assistant you can get an idea if you will win the case,” said He Yuan, general manager of China Big Data, one of the biggest big data companies in the area.

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China’s Biggest Insurer, Ping An, Plans $2B IPO of Health Tech Unit

Ping An Healthcare Technology covers the medical data of more than 800 million Chinese citizens, its parent company’s deputy chief executive officer, Jessica Tan, told investors in November last year. It has been able to help local governments in 250 Chinese cities reduce medical insurance expenditures an average 10 percent by preventing fraud, Tan said at the time.

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