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Surat will be fastest growing city in the world through 2035, says Oxford Economics

by AIP Online Bureau | Dec 6, 2018 | Eco/Invest/Demography, Indian News

When it comes to the top 10 cities for economic growth, India is set to dominate over the next two decades, according to Oxford Economics.   Surat, a diamond processing and trading center in the western state of Gujarat, will see the fastest expansion through...

Waymo Self-Driving, fare-generating Taxis hit the Road in Arizona

by AIP Online Bureau | Dec 6, 2018 | Uncategorized

  Arizona:  Alphabet’s Waymo on Wednesday launched a significant development in its costly, decade-long quest for autonomous transportation: self-driving taxis that actually generate fares.   With little fanfare, the company has begun charging...

Marriott CFO says too early to estimate Cyber Breach costs

by AIP Online Bureau | Dec 6, 2018 | International News, Non-Life, Risk Management

  It’s too soon for Marriott International Inc. to estimate the cost of the massive cyber breach that the company disclosed last week, and other companies that have suffered big attacks are imperfect proxies, said Chief Financial Officer Leeny Oberg at an...

Early diagnosis of disease to drive future life expectancy, Swiss Re

by AIP Online Bureau | Dec 5, 2018 | Health, International News, Life, Risk Management

  Zurich:  Life expectancy has steadily improved internationally for well over a century. In recent years, however, there are signs that the rate of mortality improvement has slowed in a number of advanced countries. Statistically, it is...

Virtual Competition: Online Platforms, Consumer Outcomes and Competition in Insurance

by AIP Online Bureau | Dec 5, 2018 | Articles, Intermediaries, Technology

  New business models in insurance Online platforms play an important role in insurance. Some of these platforms, such as digital comparison tools, have existed in some markets for many years and are important for insurance distribution.  ...

Bombay HC asks New India to pay Rs 7.60 crore motor accident claim

by AIP Online Bureau | Dec 5, 2018 | Indian News, Non-Life, Risk Management

  Mumbai; In one of the record payout in any accident claims in the country, the Bombay High Court has ordered New India Assurance to  a family, which lost its sole earning member to a car accident more than 10 years ago, has been awarded over Rs 7.60...

Self-Driving Vehicle Regulation Bill gets late push in US Senate

by AIP Online Bureau | Dec 5, 2018 | International News, Non-Life, Risk Management

  Washington:   Key U.S. senators are making a last-ditch effort to win approval of a bill to speed the use of self-driving cars without human controls, but face an uphill battle on Capitol Hill.   Staff for Republican Senator John Thune and Democratic...

Actuaries face uncertainty amid encroachment by Data Scientists

by AIP Online Bureau | Dec 5, 2018 | International News, Life, Non-Life

  Riley Howsden has one of those hip jobs everyone loves to hate. He works at L.A.-based video game producer Riot Games, where business attire includes hoodies, the food comes free and his job entails deducing what kinds of products gamers might buy. Aggressive...

ITR filing up 50%; will meet Rs 11.5-trn direct tax target: CBDT chairman

by AIP Online Bureau | Dec 4, 2018 | Eco/Invest/Demography, Indian News

  New Delhi: Income tax return filing for assessment year 2018-19 has so far seen a 50 per cent rise since last year, a top finance ministry official said on Tuesday. "This is the effect of demonetisation," Central Board of Direct Taxes (CBDT) Chairman...

Govt not to participate in LIC’s open offer in IDBI Bank

by AIP Online Bureau | Dec 4, 2018 | Indian News, Policy

  New Delhi: Govt not to participate in LIC's open offer in IDBI Bankn Tuesday said government will not participate in LIC's open offer to acquire 51 percent stake in the bank. LIC's open offer to purchase 26 percent shares of IDBI Bank opened on...
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