Blockchain: A game changer for the insurance industry and people's well-being
Blockchain, a disruptive technology of our time, holds the potential to change our lives for the better. The insurance sector is a prime illustration.
Blockchain, a disruptive technology of our time, holds the potential to change our lives for the better. The insurance sector is a prime illustration.
A lengthy executive order on artificial intelligence signed Monday by President Joe Biden is expected to give a big boost to AI development in Silicon Valley.
Nov 1, 2023
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When Formula 1 champion Lewis Hamilton shared a beautiful story of his brother Nicolas experiencing a professional F1 simulator, he said "The smile you see here never left his face."
Oct 27, 2023
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Uber raised the minimum age requirement for most of its new drivers in California to 25 on Thursday under rules the company said are necessary because of the rising costs of commercial auto insurance in the state.
Aug 24, 2023
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There is much talk in the automotive industry about the "internet of vehicles" (IoV). This describes a network of cars and other vehicles that could exchange data over the internet in an effort to make transportation more ...
Aug 10, 2023
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Contrary to perceived wisdom, there is no compelling evidence that victims of ransomware with cyber insurance are much more likely to pay ransoms than those without.
Aug 1, 2023
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Skyrocketing vehicle theft rates in some U.S. cities have drawn attention to an inconvenient truth: the increasing amount of technology in our vehicles can make them increasingly vulnerable to hacking or theft.
Jul 17, 2023
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When macroeconomic uncertainty rises, commercial banks become hesitant to lend due to their desire to avoid risks and reduce proactive risk-taking. This hampers the ability of financial intermediaries to serve the real economy, ...
Jul 6, 2023
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The minister charged with an overhaul of Japan's digitized system to assign a number to everyone living in the country has apologized, as doctors protested glitches with health insurance and local governments begged Thursday ...
Jul 6, 2023
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The U.S. electric grid faces simultaneous, evolving pressures. Demand for power from the grid is increasing as people adopt electric cars and building energy is transitioned from gas to electricity. At the same time, climate ...
Jun 12, 2023
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Insurance, in law and economics, is a form of risk management primarily used to hedge against the risk of a contingent loss. Insurance is defined as the equitable transfer of the risk of a loss, from one entity to another, in exchange for a premium, and can be thought of as a guaranteed small loss to prevent a large, possibly devastating loss. An insurer is a company selling the insurance; an insured or policyholder is the person or entity buying the insurance. The insurance rate is a factor used to determine the amount to be charged for a certain amount of insurance coverage, called the premium. Risk management, the practice of appraising and controlling risk, has evolved as a discrete field of study and practice.
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