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Artificial Intelligence, Machine Learning will help disrupt insurance models: Girish Kannali, Infogain

Artificial Intelligence, Machine Learning will help disrupt insurance models: Girish Kannali, Infogain

Finance
NEW DELHI: Insurance is among the most regulated sectors and the slowest to go digital. Its not easy for startups to navigate the space when the business is dominated by traditional companies. That’s all the more reason that the tech engine is right for digital startups in insurance space. Many of them in India are trying to sell covers that traditional insurers could not — like insuring bicycles or introducing sachet type products with premiums as low as Rs 20. In an e-mail interaction Girish Kannali, vice president & general manager, insurance & healthcare business unit, Infogain, discusses innovations in the insurance sector and more. Infogain is a mid-tier tech services company with a strong presence in the insurance vertical. Edited excerpts: What are some of the tech innova
Toyota to hike prices of some models from April

Toyota to hike prices of some models from April

Finance
Toyota Kirloskar Motor (TKM) Friday said it will increase prices of some of its products from next month in order to offset rise in input costs. "We have been absorbing additional costs through a bouquet of cost reduction measures including refinement in production process. However, considering the trend of continuous increase, we are constrained to pass on a small portion to the customers," TKM Deputy Managing Director N Raja said in a statement. The company will continue its efforts to contain costs and offer the best value to its loyal customers, he added. TKM, however, did not disclose the models that would become costlier. The company sells a range of products including popular multi-purpose vehicle Innova and premium sports utility vehicle Fortuner. Let's block ads! (Why?) Personal ...
Apple pulls older iPhone models from stores in Germany

Apple pulls older iPhone models from stores in Germany

Technology
Apple is to stop selling older iPhone models at its stores in Germany after losing two patent cases brought by a chip manufacturer, the company has announced. A Munich court ruled that the smartphone maker and its subsidiaries breached a European patent held by Qualcomm.In a statement, Apple said: "Qualcomm's campaign is a desperate attempt to distract from the real issues between our companies."Their tactics, in the courts and in their everyday business, are harming innovation and harming consumers."Qualcomm insists on charging exorbitant fees based on work they didn't do and they are being investigated by governments all around the world for their behaviour." The San Diego-based chipmaker has pursued similar cases in other jurisdictions in the past.Pending an appeal, ...
Math models could help police thwart city burglars

Math models could help police thwart city burglars

Science
Dec. 5 (UPI) -- Mathematicians in Spain have developed a new model they think more accurately predicts burglary patterns in urban environs. Previous models, mostly focused on burglaries in suburban environs, have emphasized location and spatial patterns. The linear model developed by researchers Joan Saldaña, Maria Aguareles, Albert Avinyó, Marta Pellicer and Jordi Ripoll places a greater emphasis on timing. The group of mathematicians and their new model was inspired by age-dependent population models. "Our model puts the emphasis on when -- rather than where -- the burglaries will take place and on the type of victimized houses, represented by their age," Avinyó said in a news release. The researchers defined age -- of both burglar and home -- as the amount of time...