by AIP Online Bureau | Nov 18, 2020 | Eco/Invest/Demography, International News, Non-Life, Reinsurance, Risk Management
New Delhi: AXA XL Risk Consulting announced the launch of Risk Scanning, a new risk assessment service. Available globally, the solution combines the expertise of AXA XL’s risk consultants with data mining capabilities and probabilistic algorithms to...
by AIP Online Bureau | Nov 18, 2020 | Eco/Invest/Demography, International News
LONDON: Charlie Chasin, Managing Director and Global Head of Reengineering and Expense Management, Morgan Stanley, said that as a risk manager and former lawyer, he viewed contract clarity as having paramount importance in the purchasing of insurance, and...
by AIP Online Bureau | Nov 18, 2020 | Indian News, Intermediaries, Technology
Mumbai: Tech-based Indian insurance distribution platform Turtlemint has closed a $ 30 mn funding. The Mumbai-headquartered startup’s Series D, was led by GGV Capital . American Family Ventures, MassMutual Ventures and SIG; existing...
by AIP Online Bureau | Nov 18, 2020 | Eco/Invest/Demography, Facts, Health, Non-Life, Pandemic
The U.S. Food and Drug Administration said on Tuesday it had approved the first COVID-19 self-testing kit for home use that provides results within 30 minutes. The single-use test, made by Lucira Health, has been given emergency use authorization for home use with...
by AIP Online Bureau | Nov 18, 2020 | Eco/Invest/Demography, Health, Indian News, Non-Life, Pandemic
New Delhi: India's COVID-19 caseload went past 89 lakh, while the number of people who have recuperated from the disease crossed 83 lakh pushing the national recovery rate to 93.52 per cent, according to the Union Health Ministry data updated on Wednesday. The...
by AIP Online Bureau | Nov 17, 2020 | Eco/Invest/Demography, International News
SEOUL: Hyundai Motor Co 005380.KS is being sued over a string of battery fires in its electric vehicles (EVs), just as General Motors Co recalls nearly 70,000 EVs with batteries from the same maker, LG Chem Ltd 051910. The owner of a Hyundai Kona EV, a South Korean...
by AIP Online Bureau | Nov 17, 2020 | Eco/Invest/Demography, International News, Risk Management, Technology
OTTAWA: Companies that fail to protect the personal information of Canadians could be fined up to 5% of global revenue under the terms of a proposed new privacy law, Innovation Minister Navdeep Bains said on Tuesday. Bains said the Digital Charter Implementation Act...
by AIP Online Bureau | Nov 17, 2020 | Eco/Invest/Demography, International News, Risk Management, Technology
San Francisco: Researchers with cybersecurity firm Check Point on Tuesday reported a spike in hacker activity over the past six weeks, with a surge in malicious phishing campaigns targeting online shoppers in the form of "special offers." This year has...
by AIP Online Bureau | Nov 17, 2020 | Eco/Invest/Demography, Indian News, Technology
Mumbai: Senapathy (Kris) Gopalakrishnan, co-founder and former co-Chairman, Infosys, has been appointed as the first Chairperson of the Reserve Bank Innovation Hub. In August, the central bank had announced that it will set up the Reserve Bank Innovation Hub (RBIH) to...
by AIP Online Bureau | Nov 17, 2020 | Eco/Invest/Demography, International News, Non-Life, Pandemic, Regulation, Reinsurance, Risk Management
London: Insurers are trying to escape liability for pandemic-related business losses with counter-intuitive arguments that go against the essential purpose of insurance, Britain's markets watchdog told the UK Supreme Court on Tuesday. A lawyer for the Financial...
