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Indian
Bupa backs 18 start-ups in sustainability and health drive
Iñaki Ereño, Group CEO,Bupa further networking opportunities to 18...
Merger of HDFC with HDFC Bank effective from July 1: Deepak Parekh
The merger of the corporation with HDFC Bank will be effective July...
IRDAI set to implement 1st phase of ‘Risk Based Supervision’ pilots from July
With a view to promote a ‘Principle based Regulatory regime’,...
ICICI Pru Life gets GST demand notice for Rs 492 cr
The insurer has confirmed that it received a show cause cum demand...
International
Automakers are about to shake up the auto insurance industry
The Connected Auto Insurance Global Study reveals that many insurers now write over 50% of new business to connected auto insurance.
Dr Andrew Jackson, Research Director, said: “When car usage collapsed during the COVID-19 lockdowns, policyholders demanded prices based on actual mileage. OEMs have been stepping in to the gap, and in a clear statement of intent, half of all OEM in-house UBI programmes use connected car data only, removing insurers and Telematics Service Providers (TSPs) from the equation.”
At least 17 OEMs are selling connected car services with dynamically-priced insurance already available from Ford, GM, Kia, Hyundai, Mercedes-Benz, Stellantis, Tesla, Toyota and Volkswagen. Many car manufacturers have also forged insurance partnerships (i.e. Ford with Arity, GM with American Family, Ford with Octo Telematics, PSA with AXA, Daimler with SwissRE).
Evergrande’s debt problems pose systemic risk in China and beyond
The central bank in 2018 said companies including Evergrande might pose systemic risk to China’s financial system.
The firm’s liabilities involved as many as 128 banks and over 121 non-banking institutions, the leaked letter showed.
Late repayments could trigger cross-defaults as many financial institutions are exposed via direct loans and indirect holdings through different financial instruments.
Oil will be world’s No. 1 energy source for decades, says OPEC
OPEC says that more electric vehicles on the road and the push for alternative and renewable energy will indeed usher in an era of declining demand for oil in rich countries.
But the energy needs of expanding economies in other parts of world will still leave oil as the world’s No. 1 source of energy through 2045, OPEC said Tuesday in its annual World Oil Outlook.
New approach needed to make digital data flow beneficial for all
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