Zheng Shanjie, chair of the National Development and Reform...
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Credit fund’s collapse leads to $1 billion lawsuit against EY
In a claim filed with Ontario’s Superior Court last month,...
Trump’s Tariff Shock: Global economic & insurance premium growth to slow down, says Swiss Re
Jérôme Haegeli, Swiss Re's Group Chief Economist, said: "While...
Nepal earthquake kills at least 128, toll could rise, officials say
Officials feared the death toll in Friday's quake could rise as they had not been able to establish contact in the hilly area near the epicentre, some 500 km (300 miles) west of the capital Kathmandu, where tremors were also felt. The district has a population of...
Australian companies, directors face new liability for nature-based risks
Directors could be held personally liable for breaching their “duty of care and diligence” under the Australian Corporations Act by not identifying and disclosing nature-based risks. The most egregious violations of director duties can carry large fines or lead to...
Q3 InsurTech investment surpasses USD1 billion on P&C surge
With wealthy backers writing enormous checks, InsurTechs could ignore the importance of loss ratios or customer retention. They – and their investors – could instead focus on metrics like growth and divergence and miss the extremely important lessons that ultimately...
Threat of haywire AI feeds calls for development pause, AXA Says
Artificial intelligence can provide lots of benefits of society, “but obviously we need to have very clear rules that these benefits are not being abused,” Thomas Buberl, chief executive officer of Paris-based AXA, said during an interview while visiting the campus of...
Chinese Online Insurer Shouhui considers Hong Kong IPO in 2024
Founded in 2015 in Shenzhen, Shouhui Tech offers full service in insurance from online consulting to purchasing and compensation, according to its its website. It acquired an internet hospital license in 2022 which allows it to offer online medical services. Shenzhen...
Sompo International appoints Chiew as Head of Crisis Management, Commercial P&C Insurance, APAC
Pei Ru Chiew, head,Crisis Management, Commercial P&C Insurance in Asia Pacific, Sompo International “As Sompo International continues to pursue its global objectives, a top priority includes deepening our relationships in APAC. We are seeing growing demand for...
23andMe notifies customers of data breach into its ‘DNA Relatives’ feature
In the new emails, 23andMe told customers there was a breach of one or more accounts connected to theirs through the DNA Relatives feature. That feature allows users around the world to connect and share their personal data, including relationship labels, ancestry...
Kaspersky cautions against malware StripedFly, says it affected over million people globally
''Threat actors' ability to adapt and evolve is a constant challenge, which is why it's so important for us as researchers to continue to dedicate our efforts to uncovering and disseminating sophisticated cyber threats and for customers not to forget about...
World’s ghost fleet in focus over US Russian price cap crackdown
One tier relies on vessels known as the ghost fleet that are past their traditional lifespans, meaning they are at greater risk of leaks and spills. The other tier comprises mainstream vessels that use Western services for legal oil shipments, including from Russia...
World Bank’s Banga says geopolitics pose biggest, but not the only, risk to world economy
Geopolitical tensions heightened by the Middle East conflict pose the biggest threat to the world economy right now but other risks are also at play. The private sector investment is needed in developing economies but political risks in some of these countries remain...