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New India and GIC Re to launch India’s first Digital Identity Monitoring and Insurance Solution
“As more of the Indian population moves online and shares sensitive...
Lloyd’s and Bermuda Monetary Authority to foster innovation and education access
``This joint agreement will ensure we share the knowledge and...
Reliance entry to digitise 5 million kirana stores by 2023: Report
As much as 90 per cent of India’s USD 700 billion retail market is unorganised, made up mostly of neighbourhood kirana stores selling groceries and other sundries.
India lagging far behind China in IIoT adoption: Accenture
“In terms of IIoT adoption, in a scale of 10, if China would score 7, India’s would be about 3.5,” Saurabh Bhatnagar, Managing Director – Manufacturing, Accenture Strategy told IANS, adding that according to an estimate, IIoT could be adding $14.2 trillion to the global economy by 2030.
Curv Partners with Munich Re to Commodify Digital Asset Insurance for Institutional Customers
“The novel cryptographic methods deployed in Curv’s Institutional Digital Asset Wallet Service reduce the risks associated with holding digital assets.Their approach enables us to underwrite a policy that covers customer-controlled wallets in Internet-connected settings. ,” said Ali Kumcu, Head of Cyber Innovation and Services, of Munich Re.
New AI method predicts future risk of breast cancer
“Unlike traditional models, our deep learning model performs equally well across diverse races, ages and family histories,” said Regina Barzilay, Professor at MIT.
“Privacy Not A Luxury Good, Must Be Equally Available”: Sundar Pichai
“Privacy is personal, which makes it even more vital for companies to give people clear, individual choices around how their data is used,” wrote Mr Pichai.
InsurTech investment hits records in Q1, 2019; pricing tools in the spotlight:Willis Towers Watson
85 deals with a total value of $1.42 billion were announced in Q1, 2019, marking the third-straight quarter to deliver more than $1 billion in funding. Deal count increased by 35% over Q4, 2018, although total funding decreased by 11%. Some 54% of deals were outside the US, marking a continuing trend. Deal count in the UK increased by 50%, and in the US by 44%. However, deal count in China fell by 38% this quarter
Project Owl Wi-Fi Network for Natural Disaster Connections Wins IBM-Backed Contest
They have designed tiny electronic nodes inside baseball-sized rubber casings that create a special Wi-Fi network spanning more than 100 square miles that can be used to connect victims and first responders. It’s a simple and relatively cheap concept, but during a natural disaster when cell towers topple, technology fails and entire communities fall into darkness – communication can be the difference between life and death.
Going to court over losses when Robot is to blame
In the hedge fund world, pursuing AI has become a matter of necessity after years of underperformance by human managers. Quantitative investors—computers designed to identify and execute trades—are already popular. More rare are pure AI funds that automatically learn and improve from experience rather than being explicitly programmed. Once an AI develops a mind of its own, even its creators won’t understand why it makes the decisions it makes.
Forgers are forcing $9-trillion global trade financing into digital age
As much as 80 percent of global flows of merchandise — worth about $9 trillion — is financed by some form of credit, guarantee or insurance, according to a global survey by the International Chamber of Commerce. Trade finance revenues were $39 billion in 2017.
India’s e-car plan has just one potentially flaw
India is home to over 2 million electric two-wheelers and rickshaws — more than the number of electric cars in China. Sales of such smaller electric vehicles continue to rise. But in the absence of charging infrastructure, many of their drivers have been illegally siphoning power. Only 10 per cent of the latest subsidy program is allocated for charging stations.