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Panda wants Bima Sugam up and running by Apr 19, 2025 coinciding with IRDAI’s 25th foundation day
Debasish Panda, chairman, IRDAI Apr 19,2025, is the 25th foundation...
Finmin for enhanced KYC, due diligence for merchants & banking correspondents to check fraud
During 2023, as many as 11,28,265 cases of financial cyber fraud...
ICICI Lombard Gen uses `AI’ to renew expired motor policies
Mumbai:: ICICI Lombard, today launched industry’s first Artificial Intelligence (AI) based solution to facilitate instant renewals of expired or lapsed motor insurance policies. The tech-based feature will allow the user to capture images of his/her car...
Microsoft ‘Intelligent Cloud Hub’ to build AI-ready workforce in India
“Jobs of tomorrow will require a very different set of skills, and collaborating, training and working with AI will be as important as collaborating with people,” said Manish Prakash, Country General Manager-PS, Health and Education, Microsoft India.
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
Over 4,000 AI job roles vacant on talent shortage: Report
“The AI industry has grown by close to 30 per cent in the last one year to USD 230 million. Yet, over 4,000 positions in India remain vacant due to shortage of qualified talent at the mid and senior level,” the study said.
IRDAI asks insurers to inform policyholders via SMSes on receipt of premium from Jan
Wherever the mobile phone number of the policyholder is available in policy records with the insurer, the receipt of premium by the insurer under a policy shall be immediately informed to the concerned policyholder on his mobile phone number by an automatic SMS generated by the system, it said in the order.
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.
WhatsApp seeks RBI nod to offer payment services to all 200 mn Indian users
“Today, almost 1 million people are testing WhatsApp payments in India. The feedback has been very positive, and people enjoy the convenience of sending money as simply and securely as sending messages,” the company’s spokesperson said, responding to a specific email query on the recent plea to the RBI.
Boeing eyes Lion Air crash software upgrade in 6-8 weeks
“As part of our standard practice following any accident or incident, we examine our aircraft design and operation, and when appropriate, issue bulletins and make recommendations to operators to further enhance safety,” a Boeing spokeswoman said.
IMD develops technology to assess rise of water level in rivers, reservoirs by rain
“We should be able to generate a scenario where we can take decisions to release water or not release it. It will be helpful for every state authority to take decision. We can run this system in pre-event scenario. We are now in a position to use to this technology into service,” Ramesh said at an event organised by the Centre for Science and Environment.
India:Broadband subscriber base at 463.6 million in August-end: DoT
Area-wise telecom services analysis revealed that that Uttar Pradesh (East) has the highest share in the total telephones (8.62 per cent) followed by Maharashtra (8.12 per cent), Andhra Pradesh (7.40 per cent), Bihar (7.38 per cent) and Tamil Nadu (7.05 per cent), it pointed out.