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Munich Re Ventures invests $60mn in digital insurer ACKO

by AIP Online Bureau | Sep 16, 2020 | Eco/Invest/Demography, Indian News, Non-Life, Regulation, Technology

Bengaluru: Home-grown digital-native insurer ACKO on Wednesday said it had raised $60 million (approximately Rs 441 crore) in a round of funding led by Munich Re Ventures,the investment arm of the global reinsurer Munich Re. Existing investors Amazon, RPS Ventures and...

Maharashtra: Panel formed to cap charges for CT scans for Covid-19 patients

by AIP Online Bureau | Sep 16, 2020 | Eco/Invest/Demography, Health, Indian News, Non-Life, Pandemic

  Mumbai: Maharashtra: Panel formed to cap charges for CT scans for Covid-19 patients Minister Rajesh Tope on Tuesday announced that a committee has been appointed to cap charges for CT scans for COVID-19 patients. The four-member committee headed by Dr Sudhakar...

Govt working to increase digital economy’s contribution to 20% of GDP in 5 yrs

by AIP Online Bureau | Sep 16, 2020 | Eco/Invest/Demography, Indian News, Technology

  New Delhi: Rajendra Kumar, additional secretary, Ministry of Electronics and IT, Govt of India, today said that AI and other emerging technologies will play a key role in achieving government's vision of making digital economy reach US$ 1 trillion of GDP by...

COVID-19 tally in India crosses 50-lakh mark

by AIP Online Bureau | Sep 16, 2020 | Eco/Invest/Demography, Health, Indian News, Non-Life, Pandemic

New Delhi: India's COVID-19 tally of cases galloped past 50 lakh, just 11 days after it crossed 40 lakh with 90,123 infections being reported in a day, while recoveries surged to 39,42,360 on Wednesday pushing the recovery rate to 78.53 per cent, according to the...

Victory for UK firms in court battle over COVID-19 BI insurance claims

by AIP Online Bureau | Sep 15, 2020 | Eco/Invest/Demography, International News, Non-Life, Reinsurance

  London: London judges have ruled that some of the world’s biggest insurers were wrong to reject tens of thousands of claims from small firms battered by the COVID-19 pandemic, Britain’s Financial Conduct Authority (FCA) said on Tuesday. The closely...
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