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MS Amlin forecasts “substantially above average” hurricane activity
“The insurance industry can help people and businesses to absorb...
Online payment frauds jump over 400% in India:RBI data
"Fraudsters are getting sophisticated by the day, while financial...
Ashok Leyland ready to ride on Elon Musk’s India dream
According to Venkatesh Natarajan, Senior Vice President and Chief Digital Officer, Ashok Leyland, the company is open to Musk for a partnership to finally let Indians experience his path-breaking autonomous Tesla electric cars.
Airlines urge Nations’ Regulators to avoid competing Safety Rules
The head of the International Air Transport Association (IATA), representing 290 airlines or more than 80 percent of world traffic, backed the existing process that usually involves one host regulator lead certification for each type of new aircraft, in exchange for reciprocal agreements with other agencies across the world.Airlines want to “avoid each model being certified 1,000 times” but focus instead on a single lead regulator, Alexandre de Juniac told a meeting of aerospace executives in Paris.
Facebook reported agreeing to 20-yr Pact on Privacy Oversight by US Govt
The FTC has been investigating allegations that Facebook inappropriately shared information belonging to 87 million users with the now-defunct British political consulting firm Cambridge Analytica. The probe has focused on whether the sharing of data and other disputes violated the 2011 consent agreement.
End-user IT spending in India to reach $15 billion in 2019: Gartner
On the BPO front, the report said crowdsourcing, working at home (WAH) or teleworking, and the ‘gig economy’ will account for 40 percent of the customer management (CM) BPO workforce by 2021, up from 7 percent in 2017. By 2021, it will account for an estimated 900,000 people.
IRDAI unveils norms on exclusions in health covers, new products from 1st April, 2020
Every health insurance product has to cover all pre existing diseases disclosed by the persons to be insured immediately after the expiry of the forty-eight months waiting period or such lower period as stipulated in the product, said the IRDA’s draft exposure draft.
Aon and Guy Carpenter partner with The Institutes RiskStream, to streamline the reinsurance placement process
“Distributed ledger technology has the potential to decrease costs, simplify processes and increase data security across all areas of risk management, and reinsurance, in particular, stands to benefit significantly from this technology,” said Christopher McDaniel, President of The Institutes RiskStream Collaborative. “The best solution for the market and for reinsurance buyers is to build a successful solution alongside brokers, reinsurers and carriers. Each has a vital role to play and DLT can provide efficiencies to all participants.”
Boeing completes 737 Max software upgrade
Boeing said that once information on how pilots work with the upgraded system is submitted to the FAA, it will work with the regulator to schedule a certification test flight and submit final certification documentation
In India election, a $14 software tool helps overcome WhatsApp controls
Modified versions of popular apps have become common as technically-savvy hobbyists have long reverse-engineered them. Tools purporting to bypass WhatsApp restrictions are advertised in videos and online forums aimed at users in Indonesia and Nigeria, both of which held major elections this year.
Electric flying taxi unveiled, could be operating worldwide by 2025
German startup Lilium aims to have a fleet of the five-seat aircraft — which can operate with a pilot or in drone mode — flying in cities worldwide by 2025, providing a pay-per-ride service that will be emission-free, five times faster than a car and produce less noise than a motorbike.
WhatsApp vulnerability allowed secretive installation of spyware
Attackers could transmit the malicious code to a target’s device by calling the user and infecting the call whether or not the recipient answered the call. Logs of the incoming calls were often erased, according to the report.