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Online doctor consultations surge 4x post-Covid pandemic in India: Report
“With the increasing penetration of smartphones and declining data...
Canadian school boards sue social media giants for over C$4 bln in damages
The products are “negligently designed for compulsive use, have...
QR codes on autos, cabs to give driver details to be mandatory in Delhi
“From mid-June, Himmat Plus compatible QR codes will be mandatory for permit holders of all autos, taxis and other public service vehicles. Violations will invite penalty of Rs 5000,” officials said
Bringing eco-friendly vehicles in India an issue due to lack of policy: Honda
“We (Honda) have declared that two-thirds of our production by 2030 will be non-conventional, either hybrid or plug-in or electric or fuel cell. So in line with that we have all the technologies available,” Honda Cars India Ltd (HCIL) Senior VP and Director Marketing and Sales Rajesh Goel told here.
Building Data Equity in the world of Insurance!
Increasing number of Indian Insurers are now adopting analytics to gain competitive differentiation in an industry where very little innovation has taken place.
Lloyd’s to end most paper trading by end of 2019
chief executive Inga Beale has already mandated that 30 percent of trading must be done digitally by the end of this year, and the aim is to hit 80 percent by the end of next year,
IFC led investors infuse USD 22 mn in Murthy’s Coverfox
“India has one of the most underpenetrated insurance markets, with low penetration rates for women and rural populations. By investing in Coverfox, IFC is giving a push to the country’s digitization agenda by leveraging technology to deliver insurance products to customers outside metros and to women who are currently underserved,” said Jun Zhang, IFC Country Head for India
Toyota Plans to Sell Talking Cars in U.S. Within 3 Years
Talking vehicles, which have been tested in pilot projects and by U.S. carmakers for more than a decade, use dedicated short-range communications to transmit data up to 300 meters, including location, direction and speed, to nearby vehicles.
Leading Indian life insurers partner with Cognizant to develop industry-wide Blockchain solution
“Blockchain has the potential to catalyze a significant shift in the insurance industry’s underlying technology and business models,” said Anand Pejawar, President — Operations, IT & International Business, SBI Life.
Chatbots can change the customer service business
From the enterprise point of view, chatbots are relatively much cheaper than mobile apps, and are adaptable for various messaging platforms. Today, the cost-effectiveness of customer service is measured in terms of the ability to reduce the number of customer calls and average handling time, while in case of chatbots, the additional cost of handling more conversations and higher handling time is negligible.
InsurTech M&As in Asia surge to US$460 million in 2017, three times that of 2016: Willis Study
Turning to specific markets, China and India, home to much of the innovation in InsurTech, accounted for a significant 73% of transactions in 2017. Hong Kong, Singapore and other Asia markets continued to build on the momentum from 2016 and accounted for 27% of the transactions, representing a much more conspicuous contribution than in 2015 when they only amounted to 4% of the regional sum.
Root Insurance Closes $51 Million Investment to Expand Customized Auto Insurance
Root is a full-stack automobile insurance company founded on the principle of fundamental fairness. While most car insurance companies rely solely on demographic data like age, occupation and credit score to set rates,