Indian
FM expects India’s digital economy to see ‘exponential rise’ to $800 bn by 2030
"At the same time, the digital economy in India is being pegged at...
Speculative and misinformed: Govt rejects report claiming Covid-19 death toll in India much higher
"Even the backlog in Covid mortality data submitted by the states...
RBI bars Paytm Payments Bank from onboarding new customers
"The bank has also been directed to appoint an IT audit firm to...
Sebi tightens IPO valuation scrutiny, jolts startups eyeing listing: Report
The Securities and Exchange Board of India (SEBI) last month...
International
Asia-Pacific motor insurance market to surpass $257bn in 2023:GlobalData
Another key trend which can be observed in the motor insurance market is the pace of product innovations. New insurance products such as short-term car insurance and pay-as-you-go (PAYG) products are being offered by motor insurance companies to support sales at a time when car usage is low due to lockdown restrictions. For instance, insurance start-ups such as UbiCar, Real and Kogan in Australia are offering pay-as-you-go insurance policies.
China’s insurance industry rakes in $ 625.5 billion premium in 2019
IAG reaches $99 mln settlement over mis-sold insurance
Hitachi and Swiss Re join hands to offer industry first ‘digital risk’ solutions
“We are excited to work with a global technology leader like Hitachi to advance corporate insurance through digital market platforms and accelerate the adoption of innovative, smart manufacturing.,Through this partnership we are activating machine-sensor data and continuous diagnostics across the industrial sector. Ultimately this will enable us to price risk more precisely, ensure effective pay-out mechanisms, and provide a seamless risk management experience that addresses industry inefficiencies and is tailored to our customers’ needs,” said Andreas Berger, CEO, Swiss Re Corporate Solutions.
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