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Bima Sugam: IRDAI forms an interim board for project, new company and CEO by month end
Headquartered in Mumbai, the entity would now be incorporated as a...
3 crore OPD tokens generated using ABHA-based Scan and share service
An average of 1.3 lakh individuals utilize the scan and share...
Robots on track to wipe out a tenth of manufacturing jobs by 2030: Report
While automation should boost the economy as a whole, it is likely to create greater inequality as employment losses are concentrated in certain industries and countries. Manufacturing could lose 20 million positions by 2030, making the sector 8.5% smaller than “if robots were not remaking the market,” according to the research firm’s report.
HDFC Life partners with startups, to co-create targeted solutions
HDFC Life is looking for startups working in areas of Artificial Intelligence / Machine Learning (AI/ML), Blockchain, Data Sciences, Augmented Reality/ Virtual reality (AR/VR), Internet of Things (IOT), Robotic Process Application (RPA) and computational linguistics amongst others.
Lloyd’s underwriters team up to “insure the uninsurable” with a £53m capacity
The market-led solution, led by senior underwriters from Tokio Marine Kiln, Beazley, MS Amlin, Talbot, Liberty Specialty Markets, Hiscox, Ascot, Chubb, Chaucer, Brit, Antares and Apollo will trial new types of insurance for complex and non-standard risks, including, but not limited to, intangible assets and supply chain risks, or mishaps caused by artificial intelligence.
Do your Facebook posts have God references? You are 15 times more likely to have diabetes
“As social media posts are often about someone’s lifestyle choices and experiences or how they’re feeling, this information could provide additional information about disease management and exacerbation,” Raina Merchant, an associate professor at University of Pennsylvania.
Some of the Facebook data that was found to be more predictive than demographic data seemed intuitive.
Digital Payment: India needs competition, cost, convivence and confidence to succeed
Philip G Heasley, President and CEO, ACI Worldwide, said, “Once we accept the fact that digital commerce from any point of the world can be sold to the rest of the world, you need to be able to deliberate highly digital fashion well. We just think it’s going to land up becoming perhaps in little ten years the most prevalent method of payment in the world.”
Lloyd’s of London aims to revamp Auto Coverage as era of Driverless Cars looms
Chief Executive Officer John Neal said that Lloyd’s is talking with automakers about how to set up different policies to stay relevant as car ownership changes. The shift is “inevitable” as companies such as Tesla Inc. explore their own insurance options, he said in an interview Monday.
Facebook to unveil new cryptocurrency; Visa and PayPal among partners
Regulators have been reticent about cryptocurrencies, not only due to potential abuse by criminals but the wild swings in their value harming consumers.
Boeing CEO concedes ‘mistake’ with planes in 2 fatal crashes
The U.S. Federal Aviation Administration has faulted Boeing for not telling regulators for more than year that a safety indicator in the Max cockpit didn’t work.
Pilots are angry the company didn’t tell them about the new software that’s been implicated in the crashes in Indonesia and Ethiopia that killed 346 people.
ACORD launches solution to digitise insurance lifecycle End-To-End
“The market needs accelerators to help it gain cost savings and efficiencies. ACORD iConductor is a turn-key solution that helps realize these benefits by digitizing the whole insurance lifecycle to streamline, automate, and eliminate inefficiencies.This platform is designed and built to address the current and future scale of the insurance market, and because it’s owned and governed by the industry, its evolution will align with demand for standardized risk exchange,” said Bill Pieroni, President and Chief Executive Officer of ACORD.
Uber, Lyft appeal for deal on driver status as independent contractors
Faced with legislation in California that endangers their business model, Uber Technologies Inc. and Lyft Inc. are urging a compromise that would keep their drivers from being considered employees. “We can make independent work better if we update...