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Indonesia report on 737 MAX crash faults Boeing design, says Lion Air made mistakes

by AIP Online Bureau | Oct 25, 2019 | International News, Non-Life, Technology

JAKARTA: Boeing (BA.N), acting without adequate oversight from U.S. regulators, failed to grasp risks in the design of cockpit software on its 737 MAX airliner, sowing the seeds for a Lion Air crash that also involved errors by airline workers and crew, Indonesian...

Ping An’s $22 bn push to shed old-school insurance skin

by AIP Online Bureau | Oct 25, 2019 | Non-Life, Technology

  Ping An Insurance wants to be valued more like a technology company. Its executives have yet to convince investors their planned $22 billion spend on everything from artificial intelligence to block chain will work.   While Ping An (Group) Co.’s Hong...

$4.36 bn deployed in InsurTech cos across 239 transactions in first 3 qtrs

by AIP Online Bureau | Oct 25, 2019 | Eco/Invest/Demography, International News, Life, Non-Life, Reinsurance, Technology

  Singapore: Total new worldwide funding commitments to the InsurTech sector in 2019 have already surpassed the 2018 full-year total, and during the third quarter exceeded $1.2 billion for the fifth consecutive quarter-year period, according to the new Quarterly...

India needs fresh reforms to be in top 50 nations with ease of doing business: World Bank official

by AIP Online Bureau | Oct 24, 2019 | Eco/Invest/Demography, Indian News

  WASHINGTON: India needs a fresh set of "bold reforms" in the next three to four years if it wants to be among the top 50 countries with ease of doing business, a top World Bank official said on Thursday. The official's remarks came as India jumped...

Govt mulls personal I-T relief while scrapping some exemptions: Report

by AIP Online Bureau | Oct 24, 2019 | Eco/Invest/Demography, Indian News

  New Delhi: Government is considering tax relief for individuals as it looks at measures to accelerate consumer demand and boost economic growth, people with direct knowledge of the matter said.   Prime Minister Narendra Modi’s government is mulling a...
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