"This year's report highlights the growing need for collaboration...
Category:
International News
Latest
AM Best revises global reinsurance outlook to Stable from Positive, notes accelerated softening in Property pricing
Although competitive conditions have increased in property...
Trump’s Greenland threat puts Europe Inc back in tariff crosshairs
The shock move has rattled through industry and sent shockwaves...
Deadly heat worldwide prompts $300 million for climate health research at COP30
An October report in The Lancet scientific journal estimates the yearly number of deaths from heat-related causes worsened by climate change at nearly 550,000. Another 150,000 annual deaths can be linked to air pollution, often from the burning of fossil fuels but...
Boeing ordered to pay over $28 million to 737 MAX crash victim’s family
The verdict awarded to the family of Shikha Garg is the first in the dozens of lawsuits filed in the wake of that crash and another in Indonesia in 2018, which combined killed 346 people.The lawsuit alleged the 737 MAX plane was defectively designed and that Boeing...
Zurich Insurance invests $170 million into APAC private debt
US life insurers have ramped up private debt investments, allocating close to a third of their $5.6 trillion in assets to the sector last year, up from 22% a decade ago, according to data compiled by research firm CreditSights. Zurich Insurance Group AG has selected...
China accuses US of committing $13 billion bitcoin hack
The Chinese government has recently become increasingly vocal in accusing the American government of hacking campaigns China’s cybersecurity agency accused the American government of orchestrating the theft of about $13 billion worth of Bitcoin, representing China’s...
Banks at crossroads as AI costs rise and risks escalate: S&P Report
In terms of risk management practices, the report pointed out that deploying AI technologies introduces new technical risks and increases reliance on third-party vendors. At the same time, AI can help banks improve risk identification, monitoring, and pricing. New...
Willis and Rare partners to launch innovative insurance solution for fishers in the Philippines
Christopher Au, Head of APAC Climate Risk Centre, at Willis, said: “With over 1.9 million registered small-scale fishers relying on the nearshore for their livelihoods, the impacts of climate change, such as high winds, rough seas and heavy rainfall, pose increasing...
Google sued for secretly amassing user data via Gemini AI
In the past, users of Gmail, Chat and Meet were given the option to turn on Google’s artificial intelligence program. But in October, the Alphabet Inc. unit “secretly” turned on Gemini for all those applications, enabling it to collect private data “without the users’...
Hexaware launchs advanced insurance solutions,deepens Google Cloud partnership
The offerings strengthen Hexaware's collaboration with Google and reflect a shared focus on accelerating digital transformation through automation, AI, and scalable cloud-native architectures for the insurance industry.Hexaware's parametric claims solution automates...
Asia’s wealthy families unprepared for successive planning as their fortunes near $99 trillion
Chaotic handovers have the potential to freeze assets in legal disputes, fragment family empires, and destabilize companies that have grown rapidly but lack the governance structures that many Western dynasties built over generations Asian private wealth is projected...
Aon launches AI-enabled claims copilot
“It empowers our professionals to turn insight into action, helping clients achieve faster claims resolution, maximize recoveries, and make better informed risk and coverage decisions,” said Joe Peiser, CEO of Commercial Risk at Aon DUBLIN: Aon plc, global...