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Here is a masonry blog layout with no sidebarWhat Is Universal Basic Income?
Many ongoing and prospective experiments with universal basic income around the world refer to very different interventions. Examples include cash transfers to a selected group of unemployed people for a short time in Finland, to adults for 12 years in Kenya, and to randomly chosen households in California. This diversity reflects the absence of a unified definition and assessment methodology in both the literature and policy discourse.
Accenture Software now does what 40,000 employees used to do
Accenture’s clients can also set custom rules for whether a system will process something automatically based on how much confidence the artificial intelligence software has in its own predictions. For instance, if a system were handling routine insurance claims, a company might allow it to automatically pay those claims as long as it had at least a 95 percent confidence that the decision was correct, Polishook said. If its confidence fell below that threshold, then the claim would be routed to a human claims handler.
No commission can be paid to intermediaries on insurers’ direct biz:IRDAI
“It has come to the notice of the Authority that insurers are paying remuneration to insurance intermediaries for new and renewal insurance business received by them directly. We advise the insurers not to book new/renew the business directly received from customer/insured in the name of the insurance intermediaries and shall refrain from remunerating them for such direct new/renewal business,’’ said , Sujay Banarji, member, Distribution, IRDAI .
Power & renewable energy companies facing considerable disruption:Willis Report
George Nassaouati, Head of Natural Resources, Asia at Willis Towers Watson, commented: “It is incumbent on the insurance industry to embrace the risks presented by these new developments and provide the appropriate risk advisory and risk transfer / retention solution. It is essential that today’s power and renewable organisations prepare themselves for the turbulence that disruptive change inevitably brings.”
IRDAI expresses concern over insurers paying illegal commissions to dealers to grab motor biz
“Whenever it is coming to our notice, we are taking action. We have also done some focused inspection of some of the service providers, we are watching the market very carefully for some violations,” he said. adding that some insurers are incentivising car dealers in violation of motor insurance service providers(MISP) guidelines.
Blood cancer can lead to premature ageing
PNB plans to dilute minor stake in life insurance JV
Nearly 50% cancer patients are uninsured, study
India improves global corruption index ranking by 3 points to 78 in 2018
India has improved its ranking on a global corruption index in 2018, while its neighbour China lagged far behind, according to the annual index released by an anti-graft watchdog on Tuesday. India rose by three points to 78 in the list of 180 countries in the...
Interim Budget 2019: Modi may counter Rahul with universal basic income
An estimated support of Rs 6,540 crore-Rs 7,620 crore is on the anvil if the government goes ahead with UBI. The UPA had rolled out UBI as a pilot project across 8 villages in Madhya Pradesh as far back as 2011-12. The big question remains how many districts will form a part of this new pilot project once it is announced in the budget
ILS growth to $93bn in 2018 bodes well for a continued healthy market:Willis Re
In the face of multiple smaller catastrophic events in 2018 and a meaningful series of catastrophes in 2017, non-life cat bond issuance remained strong. About $9.2 billion of new capital was delivered, marking the second most active calendar year ever. Of $535 million in bonds issued during Q4, $125 million provides protection from California wildfire liability, $200 million grants peak multiperil protection, and $210 million covers U.S. earthquake (workers’ compensation).
25% reduction in air pollution can add 2-3 yrs of life expectancy in major Indian cities
Chickens that lay eggs with anti-cancer drugs
After researchers from the University of Edinburgh spliced a human gene into the chickens’ DNA, the animals began laying eggs boasting a significant amount of two proteins used to treat diseases including cancer in humans — and the process, they say, is far cheaper than current methods of protein production.
Global ransomware attack could cost businesses almost $200bn, new study finds
Regionally, the US would be the hardest hit with $89bn at risk. Europe could lose $76bn, with Asia losing $19bn.The rest of the world could lose $9bn.
Despite the high costs to business, the report shows the global economy is underprepared for such an attack with 86% of the total economic costs uninsured, leaving an insurance gap of $166bn.
Will robotaxis really take off?
“We are more focused on improving the pricing and the other terms and conditions” Alice Vaidyan, CMD, GIC Re
“When I began my term as the CMD of GIC Re, I had two goals for us- to be a Top 10 Global Reinsurer and to deliver consistent underwriting profit. And I am proud to say that GIC Re has been ranked as the 10th largest Reinsurer in the latest S&P rankings. I realize that it is not enough to be a `Top 10 Reinsurer’ only on the metric of size but to deliver value to our clients, shareholders and business partners.’’
Lancet report blames ‘Big Food’ firms for fuelling obesity, climate change
The global rate of obesity almost tripled in the last four decades, with more than a third of the world’s adults now in a weight range that increases risks of heart disease, cancer and other disorders, according to the WHO. Meanwhile, almost half of children under the age of 5 don’t get needed nutrients — mostly in low- and middle-income countries — even as average weight increases.