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New auto safety technology leaves insurers in the dark

by AIP Online Bureau | Jul 29, 2019 | International News, Non-Life, Technology

  RUCKERSVILLE, Va.: Automakers are accelerating the rollout of technology designed to avoid crashes, but insurance companies are waving a caution flag at consumers eyeing discounts for buying collision-avoiding brakes or automated cruise control. The global...

Chubb innovates in marine insurance with instant shipment insurance

by AIP Online Bureau | Jul 28, 2019 | International News, Non-Life

SINGAPORE: Chubb announced on Monday it will provide instant shipment insurance on the Networked Trade Platform (NTP) via its Value-Added Service (VAS) listing. Catering to the needs of the transport community, a wide range of goods including commercial containerised...

Bad legroom to get worse as airlines stuff more passengers in a flight

by AIP Online Bureau | Jul 28, 2019 | Eco/Invest/Demography, Facts, Non-Life

   Air travel is becoming a test of physical endurance. Seats have shrunk, legroom has vanished — and the airlines aren’t done with you yet.   Cebu Air, the Philippines’ biggest budget carrier, last month said it was moving kitchens...

Foreign investors snap 5-month buying streak, pull out Rs 3,758 cr in July

by AIP Online Bureau | Jul 28, 2019 | Eco/Invest/Demography, Indian News

New Delhi: Reversing their five-month buying trend, overseas investors have pressed the exit button in July and pulled out a net Rs 3,758 crore from the Indian capital markets on account of multiple headwinds, including the super-rich tax announced in Budget 2019-20....

Climate hits key tipping points, existential threat real, say scientists

by AIP Online Bureau | Jul 28, 2019 | Blog, Climate, Environment, Renewable Energy, Eco/Invest/Demography

  It was an odd title for a comedy night, but British stand-up Carl Donnelly turned out to have chosen an environmental theme with impeccable timing.   With temperature records tumbling daily in last week's European heatwave, a crowd in an east London...

SoftBank’s Masayoshi Son forms $108-billion Vision Fund 2 with Apple, Microsoft

by AIP Online Bureau | Jul 27, 2019 | Eco/Invest/Demography, International News, Technology

  SoftBank Group Corp.’s founder Masayoshi Son launched a second Vision Fund, seeking to extend his reign as the world’s most influential technology investor.   The Japanese conglomerate will commit $38 billion to Vision Fund 2 with the goal of...

GST slashed for EVs to 5% from 12%, will be effective from 1st August  

by AIP Online Bureau | Jul 27, 2019 | Eco/Invest/Demography, Indian News, Policy, Technology

  New Delhi:   The GST Council on Saturday cut GST on electric vehicles (EVs) to five per cent from 12 per cent .    The new rates will be effective from 1st August 2019.It also reduced the GST on EV chargers from 18 per cent to five per...

SAP and Swiss Re expands its joint co-innovation initiative for financial reporting

by AIP Online Bureau | Jul 26, 2019 | International News, Regulation, Technology

  WALLDORF: SAP SE on Friday announced the expansion of its joint co-innovation project with insurance giant Swiss Re, which now provides software that goes beyond accounting to include simulation, forecasting and planning capabilities essential to support...

Australia to police Facebook, Google with new watchdog office to protect privacy

by AIP Online Bureau | Jul 26, 2019 | Eco/Invest/Demography, International News, Technology

  Sydney:  Australia said it would establish the world's first dedicated office to police Facebook Inc and Google as part of reforms designed to rein in the US technology giants, potentially setting a precedent for global lawmakers.   The move...

IRDAI asks insurers to ensure cancellation of vehicle’s RC in case of total loss claim settlement

by AIP Online Bureau | Jul 26, 2019 | Eco/Invest/Demography, Indian News, Non-Life

  Hyderabad: The insurance regulator IRDAI has asked all insurers to ensure cancellation of Certificate of Registration (RC) of the vehicle in case of total loss claim settlement. It has come to the notice of the IRDAI that in case of Total Loss (TL) of the...
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