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Tag: selects

Of 173 applications, IRDAI selects just 23 for sandbox project

Of 173 applications, IRDAI selects just 23 for sandbox project

Finance
Mumbai: Insurance Regulatory and Development Authority of India (IRDAI) has rejected 150 of the 173 applications it had received for its regulatory sandbox project. Of the 23 applications that got the nod, 19 are in health insurance sector, 2 are in non-life and 3 in distribution, the list released by IRDAI on Tuesday showed. An eight-member evaluation committee headed by IIIT Bangalore director S Sadagopan was in charge of scrutinizing these applications. ET had earlier reported that the rejection rates for these applications would be on the higher side due to the high-risk factor of testing these products on a live audience. Max Bupa, Tata AIA, Bajaj Allianz, Kotak General Insurance and Acko were among the companies whose applications were accepted by IRDAI. Solutions ranging from Wearab...
MOSAiC expedition selects ice floe for drift through Arctic Ocean

MOSAiC expedition selects ice floe for drift through Arctic Ocean

Science
Oct. 4 (UPI) -- Researchers with the MOSAiC expedition have found an ice floe to anchor the German research icebreaker Polarstern to for a year-long. Late last month, a team of researchers with the Alfred Wegener Institute's Helmholtz Center for Polar and Marine Research set sail from Norway and entered the Laptev Sea, a marginal sea of the Arctic Ocean. Their journey into the center of the Arctic was aided by the icebreaker Akademik Fedorov, operated by Russia's Arctic and Antarctic Research Institute. After several days of searching for a suitable ice floe, using both helicopter surveys and satellite images, scientists convened and agreed to attach a floe located at 85 degrees north and 137 degrees east. The floe measures approximately 1.5 by 2 miles. Having settled on a suitable floe,...
Virgin Orbit selects RAF pilot as it plans satellite launch program

Virgin Orbit selects RAF pilot as it plans satellite launch program

Business
Oct. 4 (UPI) -- Virgin Orbit, a private company planning launches of orbital satellites, announced that a Royal Air Force pilot will join its team. Flight Lt. Mathew Stannard will join the Virgin Orbit program in a three-year contract. He will be one of the company's pilots in the trials of Boeing 747-400 aircraft from which satellites will be launched. The announcement was made on Thursday in California. Stannard is currently a Typhoon pilot with the RAF's test an evaluation squadrons. Virgin Orbit has a business relationship with the RAF and the U.S. Air Force in demonstrating the utility of launching small satellites by means other than traditional vertical rockets. The first "air launch" of a rocket and satellite is planned for the autumn. Last week the first rocket, LauncherOne, was...
Europe selects grand gravity mission

Europe selects grand gravity mission

Science
It is set to be one of the major science projects of the 2030s. The European Space Agency has just given the green light to the LISA mission to detect gravitational waves. This will see lasers bounced between three identical satellites separated by 2.5 million km. By looking for tiny perturbations in these light beams, the trio hope to catch the warping of space-time that is generated by cataclysmic events such as the merger of gargantuan black holes. Ground-based laboratories in the US have recently begun detecting gravitational waves from coalescing objects that are 20-30 times the mass of our Sun. But by sending an observatory into space, scientists would expect to discover sources that are millions of times bigger still and to sense their activity all the way out to the edge of the ob...