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Five takeaways from InsureTech Connect 2022

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  InsureTech Connect 2022 highlighted that technology-driven innovation and a greater investor focus on profitability could improve the insurance industry in the near term. October 12, 2022 Fully in person for the first time since the COVID-19 pandemic began, more than 8,000 insurance carriers, distributors, investors, and insurtechs gathered in Las Vegas for InsureTech Connect 2022 (ITC 2022). Despite the hit that certain insurtech valuations have taken in the past few months, the atmosphere at the event was buzzing. As we talked to participants, we noted five important takeaways that insurers and investors should keep in mind for the coming years: Data and AI are expanding beyond personal lines of property and casualty insurance but are slow to replace manual work . Last year, we noted  the expansion of property-intelligence solutions ; this year, it was again seemingly the most popular category among providers on the expo floor. The COVID-19 pandemic improved customers’ comf
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A-list model turned actor, Rabia Butt teases fans with her marriage plans and reveals the hindrance behind the delay. ‘Pehli Si Muhabbat’ actor took to her Twitter handle, Thursday, detailing her marriage plans. “ Yeh zara mulk kei halaat theek hon tau mein bhi kuch sochoon phir shaadi ka ,(I have to think about getting married once the political turmoil subsides)” she wrote on the micro-blogging site leaving her fans puzzled. Yeh zara mulk kei halaat theek hon tau mein bhi kuch sochoon phir shaadi ka. — Rabia Butt (@Iamrabiabutt) May 26, 2022 Twitterati suggested Butt to continue with the plunge as these ‘matters seem difficult to ease up’ anytime soon. Some of the fans even questioned the showbiz celeb to hint about the lucky guy. Barat keise jaye gi Petrol ki qeemat bhi barh gayi hai https://t.co/7eAsuvzXU3 — Rabia Butt (@Iamrabiabutt) May 27, 2022 In the following tweet, Butt replied to a fan that she is waiting for ‘Istekhara’ in her favor to decide further. Bus
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KARACHI: Accountability Court Karachi on Friday granted interim bail to former finance minister Hafeez Sheikh in a corruption reference pertaining to procurement and implementation of customs computerised system pilot project, ARY News reported. The former finance minister Hafeez Sheikh appeared before an accountability court in a corruption reference here on Friday. The NAB court granted interim bail to Sheikh against surety bonds worth Rs100,000. The accountability also issued notice to the NAB prosecutor. The court adjourned the further proceedings till May 28. The former minister Abdul Hafeez Sheikh was named as one of the co-accused in the corruption reference pertaining to illegalities in procurement and implementation of customs computerised system pilot project and causing a loss to the national exchequer to the tune of US11.125 million. Earlier, the Sindh High Court (SHC) granted transitory protective bail to Shaikh in a corruption reference. It is pertinent to mention
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ISLAMABAD: The Supreme Court (SC) on Friday sought details of the cabinet members whose names have been removed from the Exit Control List (ECL) by FIA, ARY News reported. A five-member bench of the Supreme Court – headed by Chief Justice of Pakistan (CJP) Umar Ata Bandial – and comprises Justice Ijazul Ahsan, Justice Munib Akhtar, Justice Sayyed Mazahar Ali Akbar Naqvi and Justice Mohammad Ali Mazhar expressed concern over the removal of cabinet member names from the Exit Control List (ECL) while hearing a suo motu case on apprehensions that criminal justice might be undermined by people in positions of authority. As the hearing went under way, Chief Justice Bandial observed that the names of those involved in corruption and tax theft of Rs10 million were removed from ECL. CJP Umar Ata Bandial remarked, “For now, the court is not nullifying the decision regarding the amendments in ECL rules.” The chief justice asked Attorney General Ashtar Ausaf to read section 2 of the ECL Rules
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Amber Heard’s sister, Whitney Henriquez shows visible bruises on her face and body after being abused by the former. A throwback video emerged on the internet recently in which ‘Aquaman’ star’s younger sibling Whitney Henriquez can be seen showing her sister’s abuse to her friends, after testifying falsely in the court earlier. The last-minute emerged clip in the libel case sees “Ms. Henriquez gathered with her friends around a poolside, asking whether her sister had beaten her up and looking at apparent bruises on her face and chest.” Whitney Henriquez was then accused of lying under oath, falsely denying that the elder sibling had ever hit her so as ‘to bolster her sister’s claim she was not violent and was the victim’ in her marriage to Johnny Depp. It is pertinent to mention that Johnny Depp in his testimony last week claimed that Heard treats her own sister ‘like a punching bag’. “She [Amber] would have wine thrown in her [Whitney] face,” Depp told the court. “Whitney was t
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ISLAMABAD: The National Electric Power Regulatory Authority (NEPRA) on Friday approved a hike in electricity prices for K-Electric consumers by Rs4.83 per litre, ARY NEWS reported. According to a notification issued by the NEPRA, the power tariff for K-Electric has been raised by Rs4.83 per unit under fuel adjustment charges for the month of March against demand in the hike of Rs5.27 per unit. The NEPRA said that it had held a public hearing over a demand to hike the electricity prices on April 27, where approval was given to increase the power tariff for March which will be charged in the month of June. Earlier in the day, the federal government decided to hike electricity prices by Rs7 besides privatization of profitable public-owned DISCOs after talks with the International Monetary Fund (IMF) for the release of a US$1 billion tranche. According to sources privy to the matter, the hike of Rs 7 in electricity prices would include an increase in basic tariff and fuel adjustment
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ISLAMABAD: Federal government has planned to appoint a former bureaucrat as chairman National Accountability Bureau (NAB) rather than appointing a judge for the slot, ARY NEWS reported. Sources privy to the discussions on the matter said that a meeting took place between Prime Minister Shehbaz Sharif and Opposition Leader Raja Riaz to consult over the matter. “The two mulled over the names for the chairman NAB and initially discussed three names for the slot,” they said and added that the names discussed included former bureaucrat Fawad Hassan Fawad, ex-chairman NAB Qamar uz Zaman and former DG FIA Bashir Memon. The two, according to sources, agreed to consult over the names with their allies. While confirming discussions on the names for chairman NAB, Raja Riaz said that they would finalize a name for the slot by June 02. “We have not yet finalized the names, however, all of them are respected people,” he said following meeting with PM Shehbaz Sharif. Yesterday, in a bid to curt
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