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Coronavirus: China toll rises to 132; total number of infected near 6000

From France to Japan, governments were organising evacuations, while Hong Kong – scene of anti-China unrest for months – planned to suspend rail and ferry links with the mainland. United Airlines said it was suspending some flights between the United States and China for a week from Feb.1 due to a “significant decline in demand.”

Tata AIG collaborates with Drone Federation of India for Drone Insurance

“With the government taking active steps to support drone manufacturing and drone operations in India, we will soon see proactive usage of drones in activities like mining, construction, surveillance, transport, fire-fighting, law enforcement, agricultural and topographical data acquisition, insurance assessments, media and entertainment,” said Smit Shah, Director – Partnerships, DFI.

Digitalisation:Transforming The Insurance Industry

“As a result of digitalisation, insurers now have direct connection to their customers“, says Jeffrey Bohn, Chief Research & Innovation Officer at Swiss Re Institute. “With the availability of granular data, insurers can better segment customers enabling them to develop new tailored products and services, and refine existing ones in real time. This benefits customers and insurers alike.“

Facebook will pay $550 million to settle a lawsuit that claimed it illegally stored user data

Facebook said it had 2.89 billion monthly active users of its products around the world, but growth stagnated in the US and Canada on the main social network — the primary source of advertising sales. Monthly active users hit 2.5 billion on the main network as of Dec. 31, slightly topping analysts’ estimate of 2.49 billion.

Fighting Coronavirus virus with hygienic maesures

Hospitals are meant to be places where disease is cured — but they can also be where it’s most effectively propagated. That’s particularly the case with coronaviruses: The 2015 outbreak of Middle East Respiratory Syndrome in South Korea took place almost entirely within healthcare settings, with just a handful of transmissions outside of hospitals. About a fifth of people who caught Severe Acute Respiratory Syndrome worldwide were healthcare workers. That share rises further if you include patients who were infected in hospitals and clinics.

Coronavirus infects Asia stocks with exposure to China

“We don’t know how long it will go,” said Peter Costello, chairman of Australia’s $115 billion sovereign wealth fund, the Future Fund, in a media briefing to coincide with a regular portfolio update.

“Obviously we hope that the measures that have been taken now will contain the virus but it’s still far too early. It will have an obvious negative effect on the Australian economy and indeed beyond,” added Costello, a former Australian treasurer.

IRDAI issues guidelines on group health insurance policies of merged PSBs

Upon merger of these PSBs, the underlying group health Insurance policies of the customers of the merged banks will be continued to be serviced by the respective insurance companies which issued the policies till the end of policy period. The insurance companies will  make suitable arrangements with the acquiring banks to this effect.

Cyber attacks in Europe, ME could be work of Turkey-sponsored hackers

The hackers have attacked at least 30 organizations, including government ministries, embassies and security services as well as companies and other groups, according to a Reuters review of public internet records. Victims have included Cypriot and Greek government email services and the Iraqi government’s national security adviser, the records show.

FinMin’s new measures to protect prudent commercial decision of bankers

Considering the complexities involved in the commercial decisions of managers in public sector firms, the Central Vigilance Commission set up the Advisory Board for Banking and Financial Frauds (ABBFF) for a mandatory first level examination on suspected frauds in excess of Rs 50 crore, involving public servants equivalent in rank to GMs and above, before enquiry or investigations begin.