War risk premiums briefly eased to around 0.5% of the value of a...
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Yokahu launches first independent Parametric Exchange to transform disaster risk finance
The platform enables real-time risk assessment, pricing, and...
Aon’s president Eric Andersen made sr advisor to CEO Case
The role of president has been assumed by Case. Andersen joined Aon...
UK watchdog tells pension funds to focus on building buffers
Nikhil Rathi, CEO, Financial Conduct Authority Regulators have told defined benefit pension funds to build up their liquidity buffers to cope with any further big hike in gilt yields when BoE support ends on Friday London: Britain's financial watchdog told pension...
E-commerce losses due to online fraud to exceed $48 billion globally
This growth will be accelerated by the increasing use of alternative payment methods, such as digital wallets and BNPL (buy-now-pay-later), which are creating new fraud risks "To combat this fraud, e-commerce merchants must implement simple steps such as address...
China’s population flows to pressure some local governments’ financials: Fitch
China’s urbanisation rate is already advanced at 64.7%, close to the government’s target of 65% by 2025, following successive liberalisation of the household registration system in recent years. Still, we also expect some rural to urban migration to continue over the...
Singtel’s second unit faces cyber attack weeks after Optus data breach
Last week, Dialog realized “a very small sample” of its data, including some employee personal information, had been published on the dark web. Singapore: Singapore Telecommunications Ltd. said on Monday its unit Dialog faced a cyber attack that potentially affected...
Companies lack targets for employee mental health, study shows
Deloitte, one of the “Big Four” accounting firms, reported in 2020 that mental ill-health in the workplace cost companies on average 1,652 pounds, or $1,900 based on mid-September exchange rate, per private sector employee each year, CCLA cited There may be no...
Families seek truth as Airbus, Air France face crash trial
They were among 228 people killed in 2009 when their storm-tossed Air France flight from Rio de Janeiro to Paris slammed into the Atlantic. After more than a decade of legal battles, their families at last have a chance at justice No one risks prison in this case;...
Munich Re not to invest in or insure new oil and gas fields from April 2023
Furthermore, in its own listed equities and corporates portfolio, as of 1 April 2023, Munich Re will cease to conduct new direct investments in pure-play Oil & Gas companies As of 1 January 2025, Munich Re will require a credible commitment to net-zero greenhouse...
Market turmoil may hinder UK’s plans to reform EU insurance solvency rules
“We are absolutely committed to delivering reforms to Solvency II, which could unlock tens of billions of pounds of investment into long-term UK infrastructure,” a government spokesperson said. Kwarteng has said he will announce “an ambitious set of regulatory...
IMF warns of higher recession risk and darker global outlook in 2023
"We are experiencing a fundamental shift in the global economy, from a world of relative predictability … to a world with more fragility - greater uncertainty, higher economic volatility, geopolitical confrontations, and more frequent and devastating natural...
Cardif Japan selects Munich Re’s tech solution to support its move to the cloud
``We will be able to realize a higher underwriting automation rate using the build-in analytics to adjust rule performance. It is also easier to maintain SaaS solution and the ability to quickly scale-up additional SPARK services for new business use cases” Tokyo:...