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Buffett ends suspense, reveals Berkshire’s $6.7 billion stake in insurer Chubb
Warren Buffett, chairman, Berkshire Hathaway Buffett’s Berkshire is...
Digital Competition Bill: Strengthen existing regulatory bodies like CCI, NCLAT, says Nasscom
While there may be an enforcement concern, it is pertinent to...
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 A global consumer survey (unpublished) by The Geneva Association and Edelman Intelligence revealed that 60% of respondents would go online to look for information about insurance.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.
1 mn cloud computing jobs to be created by 2022 in India: Report
rapid growth of cloud-native services and increasing acceptance of cloud-based environments as secure coupled with a need to save costs are driving companies away from traditional data centres (DCs) to cloud environments.In India, IT giants are now building solutions on the cloud rather than on physical infrastructure due to increased flexibility, scalability and speed.
Asia’s Digital Revolution
The penetration of e-commerce, as a percentage of total retail sales, now stands at 15 percent in China, compared with 10 percent in the United States. E-commerce penetration is lower in the rest of Asia but is growing fast, particularly in India, Indonesia and Vietnam.
Insurtech:Number of insurance patents filed jumps 40% in a year
RPC says that insurance patents filed last year were for innovations as diverse as the use of a system that checks whether a self-driving car is operating autonomously and switches between insurance policies automatically, and a mobile app to speed up the claims process for people affected by natural disasters.