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Global GDP to rise by USD 56 trillion in next 5 years driven by AI, quantum computing and other technologies: WEF
The report flagged several risks that could act as headwinds,...
U.S. cyber insurance market bounces back,raises underwriting risk:Fitch
While the market remains profitable, deteriorating incurred direct...
A backlash against data centres is spilling into French municipal election races
This mirrors trends across Europe and the United States, where a surge in data center construction has fueled a backlash and turned power use and Big Tech’s footprint into electoral issues on a local and national level. In the town of Le Bourget outside Paris, Sofiane...
Marsh and Apollo design first-of-its kind insurance facility for Uber to accelerate autonomous ride-hailing
Autonomous Vehicle Insurance Program(AVIP) is underwritten by Apollo’s ibott® division and exclusively provides Uber with dedicated capacity to provide AV partners with comprehensive primary and excess liability coverage at preferred rates, reflecting their unique...
Modernising Indian Insurers: Technology route to transformation
Organisations that are moving towards modular systems and AI-enabled decision tools are seeing faster product development, better pricing accuracy and stronger fraud detection, says a Deloitte India’s report India’s insurance sector is entering a new phase of...
Non-scheduled, general aviation players’ 176 planes do not have cockpit, flight data recorders: Govt
Minister of State for Civil Aviation Murlidhar Mohol said that a total 2,263 aircraft were registered and issued certificates of airworthiness (C of A) before January 1, 2016. New Delhi: As many as 176 planes operated by non-scheduled and general aviation operators do...
Seth to take stock of Bima Sugam with insurers on Tuesday, to discuss launch of standard Health & Motor covers on e-platform
Ajay Seth,chairman, IRDAI ``We are having a virtual conference with insurers and officials of Bima Sugam Federation,wherein details of a standard motor and standard medical policy sold over the platform would be discussed,’’ said the IRDAI sources IRDAI chairman Ajay...
Making Health Insurance Afforable: IRDAI to meet insurers and hospitals on Mar 17, to push for common empanelment system, says Seth
Ajay Seth, chairman, IRDAI In the last three years, health insurance premiums have been going up by about 10 to 12 per cent, whereas inflation is about five –six per cent. If it increases by another three to four percentage points more than inflation, it becomes...
AI-controlled toys serious threat for safety of children, action being taken: Vaishnaw
"AI-controlled toys are a serious threat to the safety of children. All steps that are required for this are being taken in consultation with the consumer affairs and the home ministries. Whenever we receive reports of any incidents, immediate action is taken," Union...
Amazon not seller but a platform: Court quashes notice against its directors over sale of abortion pills
Kandula Raghava Rao and Noorulamin Mohammed Saheb, directors of Amazon Seller Services Private Limited (ASSPL), had challenged a notice issued by a magistrate court based on a complaint by the Food and Drugs Administration for alleged violation of the Drugs and...
Wipro awrded multi-year deal from US-based retirement service firm TruStage to transform ops
"Customer expectations in financial services are changing, with a growing demand for simpler, more digital-first experiences. We are pleased to support TruStage in modernising its retirement services business. Through Wipro Intelligence and our consulting-led...
Cyber fraudsters using new tech to bypass UPI security for financial transactions: Report
According to the report, the firm has identified at least 20 active groups on messaging platform Telegram, each with over 100 members, where a toolkit by the name of "Digital Lutera" is being discussed, distributed, and operationalised. New Delhi: Online fraudsters...