by AIP Online Bureau | Aug 14, 2023 | Disaster & Management, Eco/Invest/Demography, Indian News, Non-Life, Policy, Regulation
“Again, tragedy has befallen Himachal Pradesh, with continuous rainfall over the past 48 hours.More than 50 people had died in rain-related incidents within 24 hours,” the state’s chief minister, Sukhvinder Singh Sukhu, said Torrential rain in...
by AIP Online Bureau | Aug 14, 2023 | Data, Eco/Invest/Demography, Technology
According to a PwC report titled ‘Towards a smarter tomorrow: Impact of AI in the post-COVID era’ the industrial products and manufacturing sector has seen the maximum adoption of AI/ML (Artificial Intelligence/ Machine Learning) over the last two years....
by AIP Online Bureau | Aug 14, 2023 | Briefs, Life
The government has appointed R Doraiswamy, 56, executive director, (IT/SD), Life Insurance Corporation as managing director of the corporation in place of Ipe Mini , who will be retiring on 31st August. He will be retiring on 31st...
by AIP Online Bureau | Aug 14, 2023 | Eco/Invest/Demography, Health, Non-Life, Policy, Regulation, Reinsurance
Under the proposed changes, people who pay the 2 per cent surcharge would also no longer receive any rebate, which currently reduces premiums by about 8 per cent for people earning USD 108,001-USD 144,000 Sydney: Private health insurance in Australia is under review,...
by AIP Online Bureau | Aug 14, 2023 | Indian News, Life, Non-Life
“We are keen on taking insurance related initiatives to the masses through new age technologies like AI, ML and Blockchain etc and undertake research in the areas of Cyber security, Financial Inclusion, Social Security, Crop yields, Risk Management, allied areas...
by AIP Online Bureau | Aug 14, 2023 | Climate, Environment, Renewable Energy, Eco/Invest/Demography, International News, Regulation
Christopher Au, Director, Climate and Resilience Hub, Asia Pacific at WTW, said: “Regulations and best practices across Asia Pacific are increasingly requiring Boards to demonstrate climate skills. Our insurance partners are also setting expectations for those seeking...
by AIP Online Bureau | Aug 13, 2023 | Banking & Bancassurance, Indian News, Regulation, Technology
The RBI is looking to extensively use advanced analytics, artificial intelligence and machine learning to analyse its huge database and improve regulatory supervision over banks and NBFCs. For this purpose, the central bank plans to hire external experts Mumbai: The...
by AIP Online Bureau | Aug 13, 2023 | Data, Eco/Invest/Demography, Wealth Management/ Philanthropy
”Since the markets have rallied smartly during the last three months, some profit booking by FPIs would be rational and can be expected, ”VK Vijayakumar, Chief Investment Strategist at Geojit Financial Services, said New Delhi: Foreign Portfolio Investors...
by AIP Online Bureau | Aug 13, 2023 | Eco/Invest/Demography, Features, Risk Management, Technology
Relying heavily on generative AI without the necessary checks and balances from a human expert to validate the results can lead to potentially unsafe and/or unethical or biased applications, Prabhakar Srinivasan, Director of Technology, AI/ML/Data Science at Synechron...
by AIP Online Bureau | Aug 13, 2023 | Data, Eco/Invest/Demography, Health
In 2022, organ transplants reached 16,041 — a 31 per cent annual increase from 2021, Minister of State for Health SP Singh Baghel said in a written reply in the Rajya Sabha. New Delhi: There has been an increase in organ transplants post COVID-19, according to...
