'Hands free': Automakers race to next level of not quite self-driving cars

Facts       Jul 15, 2020

DETROIT:  Autopilot, ProPilot, CoPilot: Automakers have many names for new systems that allow for hands-free driving, but no safety or performance standards to follow as they roll out the most significant changes to vehicle technology in a generation.Spurred by Tesla Inc’s success and eager to...

Asian waters account for most shipping losses,global numbers hit record low:AGCS

International News       Jul 15, 2020

  Singapore: Asian waters accounted for a third of a large vessels lost at sea globally, even as large shipping losses are at a record low having fallen by over 20% year-on-year, according to specialty insurer Allianz Global Corporate & Specialty SE’s (AGCS) Safety& Shipping Review...

UK bans Huawei from 5G network, orders telcos to stop buying its equipment

International News       Jul 14, 2020

London: UK bans Huawei from 5G network, orders telcos to stop buying its equipmentBritain's government on Tuesday backtracked on plans to give Chinese telecommunications company Huawei a limited role in the UK's new high-speed mobile phone network in a decision with broad implications for relations...

Sundar Pichai, CEO,Alphabet

Google commits $10 billion to India,to push AI for health & agri:Sundar Pichai

Indian News       Jul 13, 2020

  NEW DELHI: Alphabet Inc’s Google on Monday said it will spend around $10 billion in India over the next five to seven years through equity investments and tie-ups, marking its biggest commitment to a growth market. “This is a reflection of our confidence in the...

Rana Biswas, Director,Sales, APAC,Equisoft

``Insurers are fast-tracking their digital adoption and need to prepare for a long haul to survive Covid-19 Pandemic''

Interviews       Jul 13, 2020

   How do you see the situation triggered by the Covid-19 Pandemic and its impact on the Indian insurers? Firstly, COVID-19 has reset the rules of the game for insurers. The entire value chain— from prospecting, underwriting, customer onboardingand finally claim settlement—, all have to be...

India panel proposes new regulator for non-personal data: draft report

Indian News       Jul 10, 2020

  NEW DELHI: India should set up a data regulator and require companies to disclose how they collect and store data devoid of personal details or which has been anonymised, a panel tasked to draw up such regulations has said in a draft report seen by...

Deutsche Bank and Google agree multi-year, strategic partnership

Facts       Jul 09, 2020

  FRANKFURT:  Deutsche Bank (DBKGn.DE) said on Tuesday it has agreed a strategic, multi-year partnership with Google (GOOGL.O) to give the German lender access to cloud services and drive innovation in technology-based financial products for clients. Earlier this year, Deutsche invited bids from Google, Microsoft, and...

Alby Van Wyk, Executive Vice President, APAC, Munich Re Automation Solutions

Munich Re’s digital solution to power Generali Indonesia for selling life insurance

International News       Jul 09, 2020

  Singapore: Munich Re Automation Solutions today announced that Generali Indonesia selected ALLFINANZ SPARK, one of Munich Re’s cloud-based new business, digital underwriting and analytics solution to streamline processes and explore valuable new opportunities delivering consistent risk management in the Indonesian market. The collaboration represents a...

Tesla 'very close' to level 5 autonomous driving technology, Musk says

Facts       Jul 09, 2020

SHANGHAI/BEIJING: U.S. electric vehicle maker Tesla Inc is “very close” to achieving level 5 autonomous driving technology, Chief Executive Elon Musk said on Thursday, referring to the capability to navigate roads without any driver input.Musk added that he was confident Tesla would attain basic functionality...

Beazley launches booking system for virtual broker meetings

Facts       Jul 08, 2020

London,  Specialist insurer Beazley has launched an online booking system to make it easier and quicker for brokers to arrange virtual appointments and share relevant documentation securely with underwriters. Built in collaboration with Microsoft and IT consultancy Redspire, Beazley Booking uses Microsoft’s low code platform...

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