Under the Montreal Convention, Singapore Airlines is liable for...
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Boeing faces ‘long road’ on safety issues, US FAA says
Boeing has faced mounting questions after a door panel detached...
Singapore Airlines’ Turbulent Flight: What went wrong?
While high-altitude turbulence isn’t a rare occurrence, resulting...
U.S. bans Lithium Battery Cargo on passenger planes
U.S. regulators identified 39 incidents in air cargo transportation between 2010 and 2016, with 13 involving lithium batteries and smoke, fire, extreme heat, or explosion that would have been affected by the new rules. In one instance, packages of lithium ion cells were found smoldering in an aircraft unit load device during unloading, suggesting the initial thermal runaway likely occurred while the shipment was on the aircraft.
BlackBerry files patent infringement claims against Twitter
The lawsuit said Twitter wrongly sought to compensate for being a “relative latecomer” to mobile messaging by co-opting Blackberry’s inventions for such services as the main Twitter application and Twitter Ads, infringing six of the company’s patents.
General insurers tie-up with Policybazaar for cashless options on motor policies
J K Garg, General Manager,NIA, said, “As market leaders it is our constant endeavor to provide fast and hassle free claim experience to our customers. We as New India are extremely happy to partner with Policybazaar in this endeavor for providing Cashless settlement option to our customers.”
63 InsurTech deals totalling $1.59 billion unveiled globally in Q4, 2018
Dr Andrew Johnston, Global Head of InsurTech at Willis Re, says: “Cyber is a multifaceted, ever-evolving phenomenon. The appropriate response to this is to task our industry with an equally multifaceted approach. Rather than trying to specialise and excel in each tenet required, InsurTechs offer our industry a huge opportunity through strategic commercial partnering to allow incumbent insurance firms the ability to become part of a broader, more resilient jigsaw puzzle.”
Zurich’s new acquisition accelerates its delivery of innovative solutions
“This acquisition exemplifies our customer-led spirit of innovation that Zurich continues to foster as we apply customer insights to develop new ways to augment our own capabilities with companies ready to deliver innovative products and services that meet our customers’ needs now and in the future,” said Anurag Batta, head of Strategy, Innovation and Business Development for Zurich North America.
Automation has SBI leaving 25% retirement vacancies open for tech
The board has come out with a five-year roadmap in 2018 to replace only 75 percent of the retiring employees every year, he said, adding an average of up to 10,000, including 8,000 clerks and 2,000 officers are being hired annually as replacements.
NASA warns SpaceX, Boeing on Space Program safety concerns
Some of the risks – such as those identified in the designs of the enormous parachutes that deploy when the capsule plummets back to Earth at supersonic speeds – are uncommon given how close SpaceX is to test flights, two of the people said.
AI and Risk Management
Key Takeaways
• Understanding the debate about the impacts of Artificial General Intelligence (AGI) is good but your organization is more likely to intersect AI in a narrow application. Understand the role that the volume and quality of data will play in your implementation. Be clear about responsibilities and obligations of data stewardship.
• Introduction of AI is enabling the successful achievement of corporate objectives. Consider AI as a driver or amplifier of existing risks already on your radar.
• Change is inevitable. Your career will change, and you need to participate in that evolution. Opportunities exist for those who can apply the principles of continuous learning
How pricing insurance for cars of future could bring Insurers, Carmakers together
On Jan. 30, Peate announced the creation of Avinew, with $5 million in seed funding led by Los Angeles’ Crosscut Ventures. Its insurance product will monitor drivers’ use of autonomous features on cars made by companies including Tesla, Nissan, Ford and Cadillac, determining discounts based on how the feature is used. Avinew has agreements with most manufacturers, and is working to tie up the rest, Peate said, allowing it to access driving data once a customer gives it permission.
NPCI identifies new type of digital banking frauds
The entire ecosystem including Banks & Fintech companies have to work collectively towards creating awareness and educating customers to refrain from sharing their account/card credentials, OTP/PIN and/or giving access to their mobile handsets to unscrupulous persons through such remote screen access apps.