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Price Charles launches new partnership with global insurance industry to tackle climate change

by AIP Online Bureau | Jun 25, 2021 | Climate, Environment, Renewable Energy, Eco/Invest/Demography, International News, Non-Life, Reinsurance

  London: The Prince Charles of the United Kingdom ,on Thursday, launched his Sustainable Markets Initiative (SMI) Insurance at Lloyd’s, the world’s leading insurance and reinsurance marketplace. The SMI Insurance Task Force, convened by...

Japan insurers struggle to pinpoint climate change cost estimates

by AIP Online Bureau | Jun 25, 2021 | Climate, Environment, Renewable Energy, Eco/Invest/Demography, International News

  TOKYO: As the world tries to price the cost of climate change, Japan’s second largest non-life insurer MS&AD foresees the potential rise in claim payments in 2050 to be anywhere between 5% to 50% from current levels. Sompo Holdings, the No. 3 non-life...

Explainer: Climate change and financial disclosure – what’s at stake?

by AIP Online Bureau | Jun 25, 2021 | Articles, Climate, Environment, Renewable Energy, Eco/Invest/Demography, Life, Non-Life, Policy, Reinsurance

TOKYO: Japanese financial institutions are struggling to put a price tag on the cost of climate change, an effort made difficult by the long timeframe and a lack of data for making credible predictions. Non-life insurer MS&AD, for one, foresees the potential rise...

UK Court of Appeal confirms Deliveroo riders are self employed

by AIP Online Bureau | Jun 25, 2021 | Eco/Invest/Demography, International News, Pension & Social Security, Technology, Workplace/Employee Benefits

LONDON: Britain's Court of Appeal confirmed on Thursday that riders for food delivery firm Deliveroo were self-employed, dismissing a union appeal against past judgments on their status. Deliveroo (ROO.L) said it was the fourth court judgment in Britain which had...

Chaucer launches their new Belt & Road Consortium at Lloyd’s

by AIP Online Bureau | Jun 25, 2021 | Eco/Invest/Demography, Health, International News

  London: Chaucer, the specialty (re)insurance group, today announced the launch of their new Belt and Road Consortium at Lloyd’s. The Consortium will initially underwrite political violence risks, with future solutions in development for other lines...
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