Technology

Number of 'unicorn' startups in China exceeds US number for first time

      Oct 21, 2019

  China now has more privately-held start-ups valued by investors at over $1 billion than the US, a report said Monday.   There were 206 Chinese firms out of a global total of 494 ultra-valuable start-ups -- known as "unicorns" -- in June 2019, according to the...

Munich Re invests heavily in data analytics & artificial intelligence:Doris Höpke

International News       Oct 21, 2019

  Baden Baden:  New technologies and the ability to process large amounts of data are revolutionising the value chains across entire industries – including in insurance, said Doris Höpke, member of the Board of Management of Munich Re. . Nowadays, Munich Re experts combine primary insurers’...

India emerges 3rd largest ecosystems for successful start ups

Facts       Oct 17, 2019

  With 21 unicorns, India has emerged as third largest ecosystems for more successful start ups right behind China and US but ahead of Britain and Israel, according to Hurun Global Unicorn List 2019.   Leading the pack from the country are payments solutions platform One97 Communications...

Daimler Recalls Thousands of Mercedes-Benz Vehicles over Diesel Emissions

International News       Oct 14, 2019

   German carmaker Daimler is recalling hundreds of thousands of Mercedes-Benz vehicles including Sprinter van models over diesel emissions issues.   Daimler said late on Friday that Germany’s road traffic regulator KBA has concluded hearings over certain Mercedes-Benz vehicles with so-called OM651 diesel engines meeting Euro 5...

Boeing partners with Porsche on electric flying car

Facts       Oct 11, 2019

  U.S. planemaker Boeing Co said on Thursday it was working with Volkswagen’s (VOWG_p.DE) sports car brand, Porsche, to develop a concept electric flying vehicle capable of transporting people in urban settings.   Boeing is already competing with arch-rival Airbus SE and other companies to introduce small...

One in five organizations doesn't have cyber insurance: Marsh-Microsoft Study

Facts       Oct 10, 2019

  Cyber risk is now at the forefront of the corporate risk agenda, but cyber risk management strategies are not keeping pace despite an increasingly complex threat environment and escalating financial impact.    A new global survey of more than 1,300 executives, undertaken by Marsh in partnership...

Fundamental changes to insurers current model unavoidable:WITR 2019

Facts       Oct 07, 2019

  Success within the future insurance marketplace will require a structured approach to product development based on a keen understanding of customer needs and preferences, astute partner selection, and a pragmatic go-tomarket strategy. Clearly, fundamental modifications to the current operating model will be unavoidable.   This is ...

Joachim Wenning, chairman, Munich Re

Munich Re invests $ 250m more in Next Insurance

International News       Oct 07, 2019

  Munich/Netherlands Munich Re, the second largest global reinsurer,has increased its stake in Next Insurance by investing an additional US$ 250m in the Californian Start-up. Upon completion of the transaction, Next’s value will increase to slightly above US$ 1bn.   This investment deepens Munich Re’s partnership with...

Only 10% of Indian CEOs confident about reliability of AI applications: PwC

Facts       Oct 06, 2019

New Delhi: Even as AI has the potential to solve complex problems effectively at scale, badly designed applications can cause more harm than good, PwC India said in its report based on a comprehensive study conducted with over 1,000 CXOs and business decision makers from...

With 150 million drivers, India has only 8000 electric cars 

Facts       Oct 06, 2019

  Hyundai Motor Co. launched India’s first electric SUV this summer with a quirky TV commercial urging millennials to “Drive Into the Future.” A few months later, the automaker finds itself on a lonesome road.   In a nation of about 150 million drivers, only 130 Kona...

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