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“Python and artificial intelligence have a close relationship that is similar to a harmonious duet of reason and imagination. Python, a general-purpose programming language, has been the foundation for innumerable developments in AI, encouraging creativity and fostering the industry’s expansion. Python enables academics, engineers, and data scientists to unravel the intricate web of AI thanks to its clarity and readability. TensorFlow, PyTorch, and sci-kit-learn are just a few of the many libraries and frameworks in its enormous ecosystem that offer strong tools for quickly creating and deploying AI models.

AI development is iterative, Python’s expressive syntax and dynamic nature support flexible exploration and quick prototyping. Its object-oriented approach makes it easier to organize and abstract modular code, which promotes the extensibility and maintainability of AI systems. Python’s rich libraries allow programmers to take advantage of current solutions and hasten the development of AI. These solutions range from machine learning techniques to natural language processing and computer vision. The thriving Python community actively disseminates information, experience, and open-source projects, encouraging cooperation and group advancement in the field of AI. Python’s adaptability extends beyond conventional AI fields and into cutting-edge areas like explainable AI, generative adversarial networks, and reinforcement learning. For AI researchers, it acts as a common language, facilitating cross-disciplinary cooperation and the incorporation of various AI methodologies. Python continues to be the language of choice in the constantly changing field of artificial intelligence, enabling the AI community to push the envelope, open up new opportunities, and influence the direction of
intelligent systems.

Priya Sengar, Co-founder of NICS Technology says he flexible programming language Python serves as the throbbing heart of artificial intelligence, coordinating its wonders. Python gives programmers the tools they need to harness the enormous potential of AI thanks to its clear syntax and large library. Python allows us to enter a world where algorithms come to life, data reveals its secrets, and computers are taught to sense the environment and make decisions. Python’s significance is increased by its smooth compatibility with well-known AI frameworks like TensorFlow and PyTorch, which enables us to develop intelligent systems that transform industries and influence our future. In this potent combination, Python transforms becomes the language of creativity, allowing us to unleash AI’s limitless potential and unveil its mysteries.

16th June 2023, Bengaluru: IIM Bangalore welcomed the new batch of students to its two-year fulltime MBA programs: Post Graduate Programme in Management (PGP) and the Post Graduate Programme in Business Analytics (PGP-BA), 2023-2025 batch, with an inauguration program on 12th June 2023. This year has a record number of students joining the cohort, with 531 gaining admission into the PGP and 75 joining the PGP in Business Analytics. The orientation program will be conducted from 13th to 17th June 2023.
Batch profile

Prof. Ashis Mishra, former Chairperson, Admissions & Financial Aid, and faculty in the Marketing area of IIMB, discussed the batch details. “Out of the total 606 students who have gained admission, 531 have joined PGP and 75 have opted for PGP in Business Analytics. A total of 82% are from Engineering background and more than 30% are women students, and that is praiseworthy. The average work experience and average age are 24 months and 24 years, respectively. For Business Analytics, the average work experience is 31 months. I wish you all the best in your demanding journey here with countless activities.”

Distinguished Alumni Awards for 2023

The evening’s event also saw recipients of the Distinguished Alumni Awards (DAA) for 2023 being felicitated, and addresses by the DAA award winners – Ashok Reddy, PGP 1995; Abhijit Roy, PGP 1991, and Samina Bano, PGP 2010. Instituted in 2007, the Distinguished Alumni Awards are given to alumni in recognition of their achievements of exceptional merit and excellence in their chosen field of endeavour – be it industry, management, entrepreneurship, research, academia, or social service. Each awardee receives a citation and her/his name is engraved on the IIMB Wall of Fame.

Special address

The inauguration ceremony featured a keynote address by the Chief Guest and IIMB alumna from the PGP batch of 1995 Rashmi Mohanty, who is currently the Chief Financial Officer, SBI Cards. In a professional career spanning 27 years, she has worked across the banking, non-banking and metal & mining sectors. Her areas of expertise include corporate finance, treasury, investor relations, corporate strategy and risk management. She is a Computer Science engineer from Delhi Institute of Technology (now NSIT) and earned her postgraduate degree from Indian Institute of Management Bangalore.

Sharing her academic journey, especially at IIMB, as well as her career journey, Rashmi Mohanty advised the students that hope and courage are pivotal to success. “Listen, take what resonates and leave the rest behind. This way you can unleash your full potential, go ahead and distinguish yourself and the institute. The academic journey here with its case studies, projects submissions, exams, etc. will challenge you, but it will be well worth it.

“With the wealth of your education at IIMB, expand your mind, find your calling and write the script of your own life. Be accountable for your decisions and do not succumb to peer pressure. Take on projects of your interest…and in all this, look for role models and mentors. Be open to explore.”

She had a special word of advice for the women of the cohort – to break the glass ceiling of gender-based constraints in order to make a difference. “It will be difficult. Make sure your sacrifices are worth it. In case of tough choices, seek guidance and prioritize. And then trust your decision, turn the page and have no regrets.”

She concluded by urging the students to focus on their passion and hobby, which, according to her, should be to keep fit, be creative and to network. “When you are doing what you love, it does not feel like work. So, always keep your passion at the core of what you do. Look after yourself and have fun in the process.”

Welcome addresses

The event also included welcome addresses by Professor Rishikesha T Krishnan, Director, IIM Bangalore, Deans, Programme Chairpersons, etc.

IIMB Director Prof. RT Krishnan, in his welcome address, advised the students to be adaptable on multiple fronts, in order to handle all the changes that businesses are undergoing due to technology and other factors. “We have reviewed our programmes and changes have been incorporated into the curriculum relating to digital, data and ESG. You need to keep track of all the changes happening outside. When needed, ask faculty and peers to help you grasp the changes and track other sources of information. So, prepare yourself for a lifelong journey of learning and change.”

“The programme will help you think, make sense of the data, so engage actively in the class learning process, analyze different situations and use the tools of the MBA programme.”

Calling the students brand ambassadors of IIMB, he said, “Remember the ground rules, read the manual properly. There is no room for compromise on academic integrity. Moreover, there is no room for harassment or discrimination of any kind. Be conscious of your behavior towards others. Study well students, have fun, interact and use all facilities that IIMB has to offer.”

Orientation program to follow

The orientation program from 13th to 17th June will cover interaction of the new students with faculty members and other senior officials (Deans, Chairpersons) of the school regarding introduction to the programmes, learning online, administrative matters, IIMB’s other programmes, activities, centres, committees and facilities, and more. Interaction with alumni groups has been scheduled as well.

Spectrum Metro, Noida’s premium commercial destination is excited to announce itself as the ultimate destination for all food enthusiasts. With an impressive lineup of the best food and beverage brands, including Domino’s, Kulhad Biryani, Starbucks, Baskin Robbins, The Waffle Co., Stress-Free Cafe, and many more, Spectrum Metro ensures a multi-cuisine experience like no other.

As the city’s top commercial hub, Spectrum Metro is renowned for its vibrant atmosphere, excellent location, and diverse range of offerings. It has become synonymous with the best food and dining options, providing visitors with a one-stop solution to satisfy their cravings. Spectrum Metro has everything to suit the mood for mouth-watering desserts, delectable international cuisine, or comfort food.

House Candy Blast is a haven for sweet lovers, offering an array of delightful treats that are sure to satisfy any sweet tooth, while Domino’s is a household name for pizza lovers, providing a wide range of pizzas and sides to indulge in. For those craving authentic Indian flavours, Kulhad Biryani, whose aromatic biryanis cooked in traditional clay pots transports you to the streets of India, is a must-visit. Starbucks, the world-famous coffee chain, is ready to serve your favourite coffee or speciality beverage. Baskin Robbins offers a wide variety of ice cream flavours, perfect for cooling off on a hot day.

“Food is an essential part of our lives, and at Spectrum Metro, we understand the importance of offering a wide range of culinary experiences. We are thrilled to be the go-to destination for food lovers, providing them with an unparalleled dining experience. From international chains to local favourites, Spectrum Metro hosts the best food and beverage brands under one roof,” said Mr. Ajendra Singh, VP- Sales & Marketing, Spectrum Metro.

Spectrum Metro continues to innovate and evolve, providing visitors with a dynamic and engaging environment. With its exceptional dining options, it has cemented its position as the ultimate food destination in Noida.

Bengaluru,15th June 2023 TeamLease HRtech, a leading provider of comprehensive HCM solutions, has launched Paylief, a one-click payroll platform that is part of its end-to-end HCM platform. Paylief allows organizations to efficiently handle their Payroll as a unified SaaS platform. Users can utilize it as an integral part of talent acquisition, workforce management, employee benefits, and legal compliance.

With seamless integration with leading banking platforms, Paylief enables employers to instantly disburse salaries to their employees with a single click. The product boasts numerous features, including user-friendly tax calculators, a mobile-centric interface, employee self-service capabilities, and a comprehensive Document Management System ensuring updated compliance with the latest pan-India statutory regulations.

Paylief’s USP lies in its seamless integration with existing workforce management systems, benefits administration systems, and applicant tracking platforms. This integration positions Paylief as one of the select end-to-end Human Capital Management (HCM) platforms that encompass the entire employee journey, spanning from pre-hire to post-retirement.

Furthermore, Paylief offers high configurability to accommodate compliant salary structures and pay elements across the spectrum, catering to small, medium, and large organisations. The technology stack employed by Paylief is cutting-edge, facilitating differential employee experiences, swift processing, and accurate outputs, all while ensuring full compliance with evolving labor regulations and employee benefits.

Sumit Sabharwal, CEO of TeamLease HR Tech, said, “We are excited to unveil Paylief, our game-changing one-click payroll platform. With Paylief, we’re revolutionising the way organisations handle their payroll, manage their workforce, attract top talent, and ensure compliance—all from a single, user-friendly SaaS platform. Imagine the power of effortlessly disbursing salaries to your hardworking employees with just a simple click! Paylief’s mobile-centric interface, along with its comprehensive Document Management System, keeps you on top of pan-India statutory regulations, ensuring a hassle-free experience. From small startups to large enterprises, Paylief’s versatility and cutting-edge technology make it a go-to solution for all your payroll needs.”

The sectors that this product will most benefit are large enterprises with a geographically spread workforce, small and medium enterprises, telecommunications, financial services, e-commerce, information technology, retail, education, logistics, knowledge, process outsourcing, media and entertainment, travel and hospitality, marketing, advertising, manufacturing and more.

Mumbai, 15th June 2023: India’s leading electrical goods company, Polycab India Limited, aims to change the perception about wires and home safety, with its latest TVC advocating the use of Polycab Green Wire.

The heart-touching ‘Extra Safe Wire means Extra Safe Dreams’ campaign by Polycab continues to build upon the success of its previous campaign launched in October last year, illustrating the brand’s commitment in helping safer future with their solutions. With its latest TVC, the company takes a step forward in emphasizing that wires are not just an electrical solution but a very vital component of every household that can ensure our safety today and for generations to come. The TVC, conceptualized by Ogilvy, takes a slice of life and through a simple story depicts the importance of safe wire in our lives. By encouraging consumers to dream big while prioritizing safety, this new TVC seamlessly carries forward the brand’s mission to educate and inspire modern-day consumers about the extended value proposition of wires and cables.

The film revolves around a pregnant woman, her husband and an electrician who are setting up their nursery in anticipation of the child. While the to-be mother is worrying about the child, the husband is seen calmly working along with the electrician to fix the nursery’s wiring. The wife playfully complains about his lack of input regarding their baby’s future, to which the husband, smiles and illuminates the` room, hinting at how he was busy securing the future of their child. He finds the most charming way to reassure her, making her believe that the child’s future is not just safe but magical too. The TVC comes to an end with the appearance of Polycab’s Green Wires alongside a voiceover, emphasizing their extra safety and urging viewers to safeguard their loved ones’ dreams.

Nilesh Malani, Chief Marketing Officer Polycab India Ltd. commented, “Polycab India is unmatched leader in the wires and cables segment and has attained wide acclamation all these years. We understand that wires often go unnoticed despite being the backbone of every electrical system. It’s a low involvement category, but a crucial one. That’s why this campaign, crafted in collaboration with Ogilvy, attempts to strike an emotional chord. New parents are always concerned about their child’s future, and through this campaign, we aim to connect with our audience on a profound level, highlighting the significance of Polycab’s Green Wire in ensuring a safe and secure environment for their precious little ones. Polycab Green Wire comes with 5-in-1 Green shield technology, delivers fire safety, energy efficiency, is ecofriendly and also offers shock protection. We strive to ensure that Polycab Green Wire upholds our commitment to maintaining a strong connection with our valued customers.”

Sukesh Nayak Chief Creative Officer Ogilvy India said, “Through this campaign, we delve into the realm of dreams, showcasing the limitless possibilities they hold. Polycab’s extra safe green wires play a vital role in shaping these dreams, effortlessly connecting and empowering us. The simple narrative touches an emotional chord with the consumers and demands their attention to pay heed to the wiring they use at home.”

Polycab’s Extra safe wires mean extra safe dreams film will telecast across news channels along with Polycab India’s social media handles.

Team Credits:

Brand: Polycab India Ltd.

Client Team

• Nilesh Malani: Chief Marketing Officer
• Rajashekhar Reddy: Vice President – Marketing | Wires and Cables
• Aman Mahadeshwar: Assistant General Manager – Marketing | Wires and Switchgears
• Tanushree Jain: Assistant Vice President | Digital, Mass Media & Research

Agency Team Creative:

• Sukesh Nayak: Chief Creative Officer – Ogilvy India
• Vivek Verma: Sr. CD
• Prasad Kulkarni Sr. CD

Account Management:

• VR Rajesh: Group President – Ogilvy India
• Haripriya Mark: Client Services Director

Strategy:

• Prem Narayan: Chief Strategy Officer – Ogilvy India
• Samhita Choudhary: Vice President

Production House

• Purple Vishnu Films
• Director: Sainath Choudhury
• Producer: Unnati Agarwal

15th June 2023 – Davos Protocol, a Polygon-backed homegrown DeFi ecosystem, has unveiled DUSD, an inflation-proof stablecoin with sustainable yield opportunities. This decentralized stablecoin differentiates itself through transparency and decentralization, backed by various crypto assets managed on-chain. In just two months since its soft launch, the protocol has achieved a significant milestone with Total Value Locked (TVL) exceeding INR 10,00,00,000.

Davos Protocol addresses the limitations of existing stablecoin models by leveraging recent crypto industry advancements. The DUSD stablecoin is collateralized by Liquid Staking Tokens (LSTs), ensuring stability by preventing the collateral’s value from falling below the stable asset value, in contrast to algorithmic stablecoins that face inherent risks.

Decentralized governance, driven by DGT tokens, manages yield-generation activities such as interest rates, fees, and liquidity. DGT tokens, along with the DUSD stablecoin, form Davos Protocol’s dual token model. The advanced vote-escrow model (veModel) optimizes governance parameters, giving veDGT holders voting power based on the number of DGT tokens locked on Balanced liquidity pools.

Varun Satyam, CEO and Co-founder of Davos Protocol highlights the distinguishing feature of DUSD: “With Davos Protocol, we aim to build a stablecoin mechanism which is immune to any market conditions. By offering the DUSD stablecoin to mitigate crypto volatility while providing sustainable yields, Davos Protocol aims to minimize risks associated with DeFi and make it more accessible to retail.”

Davos Protocol utilises Liquid Staking Tokens (LSTs) as collateral for DUSD. Users stake MATIC LST, ETH LST, and ETH LST LPs to borrow DUSD at attractive interest rates. This collateral not only secures the stablecoin but also generates yields from native tokens staked on liquidity-staking PoS protocols, promoting capital efficiency and protecting against inflation.

The Peg Stability Module (PSM) allows users to exchange DUSD with other stablecoins at a 1:1 ratio, maintaining a stable peg. Yield distribution among stakeholders is determined by the Davos Governance Council, comprising veDGT holders with voting rights.

Davos Protocol aims to reshape the future of DeFi by combining elements of traditional finance (TradFi) and DeFi. The DUSD stablecoin provides an inflation-proof alternative, offering returns that surpass inflation through reasonable borrowing rates, yield farming, and LST collateral rewards.

Sachsenring,15th June 2023 Marc Marquez aims for better results at the historically happy hunting ground at the Sachsenring, a circuit where he has taken 11 wins in his last 11 appearances there.

Since 2010, the Repsol Honda Team have claimed 11 wins at the unique Sachsenring circuit. The German track’s 3.67 kilometers are unlike any others on the MotoGP World Championship calendar, an undulating rollercoaster of predominately left-hand bends. From 2013 onwards, Marc Marquez has been the ‘SachsenKing’ and authored a number of incredible results in Germany – most recently in 2021 when he took an emotional first win after his 2020 injury.

The #93 enters the weekend with the same focus and determination as each year before but the challenge in MotoGP only continues to grow. Mugello proved to be a difficult weekend for the Repsol Honda Team and Marquez, a crash in Sunday’s race a frustrating end. From one of the calendar’s fastest circuits to one of its slowest and most technical, the change in circuit layout an interesting proposition as Honda HRC continue to work on improving the Honda RC213V.

Upon returning home, Joan Mir underwent an MRI at the Centre d’Imatge Diagnostica de la Dra. Cuesta in Andorra. It revealed a significant contusion on his right hand with synovial fluid and inflammation, limiting the strength and mobility of his right hand. Taking into consideration the results of the MRI, Mir will not participate in the German GP. He will travel to Palma to visit his trusted traumatologist, Dr. Juan Garcias, to evaluate the best treatment and recovery plan of the injury to his right hand, in order to return as soon as possible. He will not be replaced for the German GP.

Marc Marquez

“When you have a difficult weekend the best thing that can happen is to go racing straight away – and this is exactly what we get to do. We arrive in Sachsenring, a track I have always enjoyed a lot and had a lot of success at. Of course, I arrive wanting to do well, my focus and determination is at 100% like always. There will be many challengers this year and we need to work well from the start of the weekend to prepare for Saturday and Sunday and keep working with Honda to improve.”

Mumbai, 15th June 2023 As part of its consistent efforts to strengthen the brand’s position as the go-to destination for beauty and grooming, Flipkart, India’s homegrown e-commerce marketplace debuts its first-ever on-ground Glam Up Fest. Flipkart hosts one of the most awaited shopping events of the year, the Glam Up Fest, at the Grand Hyatt, Mumbai, on the 16th of June. This on-ground extravaganza is set to dazzle beauty enthusiasts with an unforgettable experience. The fest will bring together a curated set of Beauty and Grooming brands, celebrities, and around 300 influencers to celebrate the shopping extravaganza.

This on-ground event will bring together experiential zones featuring brands such as MyGlamm, L’Oréal, MamaEarth, Nivea, Minimalist, Lakmé, Brut and Beardo, among others including iconic beauty and makeup collections such as lipsticks, face serums, foundation, fragrances and transformative wellness products. It will also see participation from renowned beauty and technology experts including Mohit Yadav, Founder, Minimalist, Meghna Apparao, India E-commerce Head, Facebook and Sukhleen Aneja, CEO, Good Glamm Group, sharing their knowledge through interactive fireside chats, discussing the contemporary symbiosis of beauty, personal care and technology.

Ahead of the Glam Up Fest, Kanchan Mishra, Senior Director, Consumables (FMCG), Home and General Merchandise, Flipkart, said, “We at Flipkart are thrilled to host the Flipkart Glam Up Fest and kick-off the Sale on the app. With multiple brand launches, insightful panel discussions, immersive brand experience, and exciting collaborations, this fest is set to be an exciting addition to the country’s contemporary beauty landscape. In our commitment to unlock unparalleled value in the beauty and lifestyle shopping experiences for our customers across the country, the Flipkart Glam Up Sale and Glam Up Fest is a testament to our consistent efforts in this regard.”

The Glam Up Sale will be live from June 16 – June 18 on the Flipkart app, offering a plethora of curated cosmetics, skincare, and more. It will bring more than 40+ brands together to bring a wide selection of beauty and personal care products including cosmetics, skincare, nutrition, and hair care to millions of customers across India. With contemporary technology-led features such as Image Search, Video Catalog, Virtual Try-Ons, Video Commerce and Top Filters, and backed by a robust supply chain that will cater to all serviceable pin codes in India, the event seeks to connect with beauty enthusiasts across the length and breadth of the country. Beloved premium and D2C brands including Minimalist, MyGlamm, Beardo, Mamaearth, Pure Essence and Bella Vita and many more will offer attractive deals.

Flipkart is going the extra mile to enhance the beauty and shopping experience for its customers by also debuting its first-ever on-ground Glam Up Fest. The meticulously curated event will offer customers a unique opportunity to explore an extensive range of offerings while unlocking the highest value, through immersive and interactive experiences. Flipkart promises to be a celebration of all things beauty, fashion, and technology with an extensive range of brands, products, great deals, and unique experiences including technology zones and panel discussions. Committed in its endeavour of creating unparalleled virtual shopping experiences, Flipkart aims to redefine the beauty landscape by hosting its biggest beauty festival to date.

Bangalore, 15th June 2023 – TaxNodes, a crypto tax computation and expert-assisted ITR filing platform, today announced the successful completion of its seed funding round, securing $1.6 million amidst the challenging funding winter. In this round, notable veterans in the web3 and wealth tech space, including Rahul Pagidipati, CEO of ZebPay and an experienced angel investor, Nischal Shetty, CEO, Shardeum & Founder of WazirX, Ashish Singhal, Co-Founder & CEO, CoinSwitch and Ajeet Khurana, Founder of Reflexical, have invested in the company founded by Avinash Shekhar, a chartered accountant and former CEO of one of the oldest Crypto Exchanges.

The successful funding marks a significant milestone for TaxNodes and the company intends to utilize these funds to bolster its mission of simplifying tax computation, and providing end-to-end solutions for individuals navigating the complexities of crypto taxation. The company is developing an AI-assisted tax advisory model for individuals and corporates to provide control & compliance using GPT-like Large Language Model.

Since its inception, TaxNodes has witnessed a 5X month-on-month spike in its customer base. The company is poised to play a pivotal role in ensuring a safer and more compliant crypto ecosystem, facilitating smoother operations and regulatory adherence.

Additionally, TaxNodes has recently announced partnerships with crypto exchanges like ZebPay, WazirX and Giottus and is focused on helping crypto users to comply with tax laws. TaxNodes will also help Crypto exchanges to increase their internal controls and automate reconciliation & accounting.

Commenting on the development, CA. Avinash Shekhar, Founder & CEO, TaxNodes said, ”We are thrilled to have successfully completed our seed funding round and delighted to see that seasoned leaders from the crypto ecosystem are placing their trust in TaxNodes. This funding will enable us to provide a complete solution for crypto natives making it easier for them to handle their tax obligations. With our advanced tax computation engine, a team of seasoned crypto experts, and a full-stack solution, we aim to simplify the complexities of crypto taxation and filing, ensuring accuracy, compliance, and peace of mind for our users. Furthermore, this investment will propel our research and development efforts to create innovative products that cater to crypto exchanges, investors and Finance professionals, including Crypto auditors.

Crypto has witnessed significant movement towards regulations, compliance and specific taxation rules, leading to an increased need for specialized tax management tools. TaxNodes recognizes the challenges faced by crypto natives in accurately computing profits and losses, reconciling transactions across multiple centralized and decentralized platforms, and fulfilling tax obligations.

Mr. Nischal Shetty, CEO, Shardeum & Founder, WazirX, said, “I am thrilled to join hands with TaxNodes. The team at TaxNodes has an exceptional understanding of Crypto business and taxation. I believe in their vision and I am confident that TaxNodes will help in compliance and controls in the Crypto space. I look forward to supporting their growth and success as they continue to disrupt the tax landscape.”

Mr. Rahul Pagidipati, CEO, ZebPay, said, “TaxNodes has immense potential to change the way crypto taxes are computed and filed. I am thrilled to be a part of this seed funding round and support their mission to simplify the tax computing process. With their innovative platform and expert assistance, individuals and businesses can navigate the complex world of crypto taxation with ease. I have no doubt that TaxNodes will play a vital role in shaping the future of crypto taxation. I have worked with Avinash for a long time and have complete confidence in his ability to lead TaxNodes to success.”

New Delhi, 15th June 2023: Weather Risk Management Services (WRMS), an agriculture and dairy risk management company, proudly announces its successful participation in ITC Asia 2023, one of the largest InsurTech events across the globe. Not only did WRMS showcase its revolutionary product, SecuRisk, an AI-enabled parametric insurance platform for emerging economies, catering to both insurers and reinsurers through its Dashboard and brokers and customers through its Mobile app, but it also proudly emerged as the recipient of the esteemed InsurTech Connect Asia Award.

ITC Asia 2023, held in Singapore brought together tech entrepreneurs, investors, and insurance industry incumbents from around the globe. WRMS seized the opportunity to demonstrate the groundbreaking features and far-reaching impact of SecuRisk, which garnered significant interest from executives, entrepreneurs, and investors in attendance. The SECURISK platform being quite recent with its far-reaching impact opportunities for carriers and customers alike became an engaging focal point in the conversations that resonated throughout the event. Discussions encompassed a diverse spectrum, spanning from exploring the comprehensive suite of programs and platform functionalities across the Asia-Pacific region to forging in-depth collaborations with insurers, insurtechs, and brokers from across the region.

Anuj Kumbhat, CEO and Co-founder of WRMS expressed his excitement about the event, stating, “ITC Asia provided an unparalleled platform for WRMS to showcase our commitment to developing climate, disaster, and agriculture risk transfer solutions. The overwhelming response and recognition we received for SecuRisk reaffirm our belief in the power of innovation and collaboration to transform the insurance industry.”

WRMS’s participation in the ITC Asia Awards proved to be a momentous occasion as the company emerged as the ultimate winner. The selection process comprised three rigorous stages, including nomination and shortlisting, ITC Asia Roadshow pitch sessions, and the grand finale of the ITC Asia Awards. Anuj Kumbhat delivered an impressive pitch about WRMS and the SECURISK parametric insurance platform, which captivated the ITC Expert Board and the audience.

The award not only validates the dedication and vision of the WRMS team but also opens new avenues for collaboration with global insurance partners. WRMS has already initiated follow-on conversations with interested insurance partners met during the event to introduce innovative parametric insurance solutions in their respective markets. This recognition and the relationships built at ITC Asia will accelerate WRMS’s impact across emerging economies.

Looking ahead, WRMS has exciting plans for the future. The company announced the beta launch of SECURISK in Q3 2023, inviting insurers, reinsurers, brokers, and distribution partners to register their interest for participation in the exclusive beta round. With the tremendous interest garnered at ITC Asia, WRMS aims to scale SECURISK to 50 countries by the end of 2024, striving to fulfill a significant global protection need estimated at $160 billion.

SecuRisk, WRMS’s flagship product, is a global parametric insurance marketplace that streamlines the creation, validation, beneficiary onboarding, policy buying, and claim management processes. Supported by a proprietary global data stack, SecuRisk addresses the challenges faced by emerging nations by offering simple product education and capacity-building solutions tailored to the needs of low-income communities.

Parametric insurance has proven successful in Europe and North America but remains underutilized in emerging economies due to limited expertise, resources, and data access. WRMS aims to bridge this gap by providing efficient, accessible, and reliable insurance solutions to rising economies, ensuring they can benefit from this option in the long run.