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Hong Kong’s first purely digital life insurance company will start selling policies in the city, looking to use its direct selling capability to offer lower prices in the crowded local market.
Insurers are counting on real-time technology to help them cut back payouts, from a system warning ships of nearby pirates to an app offering to buy sleepy drivers a coffee on the motorway.
Snap Inc, owner of popular messaging app Snapchat, kicked off its first investor roadshow, looking to persuade London money managers to back its initial public offering.
Movie mogul Avi Lerner branded US President Barack Obama “a coward” on April 16, berating him for not taking on Google over piracy.
At a time the financial sector is racing to embrace digital technology to boost sales and drive profits, the traditionally staid insurance industry is in danger of falling behind.
Insurance companies are increasingly turning to "big data" from satellites, social media and even cigarette sales at gas stations to help identify risks and build up customer profiles.