Singapore's prime minister said in October that the city-state...
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Lockton unveils new global Parametric Insurance Practice
The parametric insurance market is projected to reach $39.3 billion...
Meta outage hit Facebook Instagram WhatsApp
Meta’s outage is a timely reminder of the need to engineer critical...
NFT marketplace shuts, citing ‘rampant’ fakes, plagiarism problem
Sales of NFTs, or non-fungible tokens, soared to around $25 billion in 2021 leaving many baffled as to why so much money is being spent on items that do not physically exist and which anyone can view online for free The platform which sold an NFT of Jack Dorsey's...
Cyber criminals extort $1.3B in ransom payments over 2 yrs: Report
Criminals netted $1.3 billion in ransom payments from hacking victims in the past two years, reflecting a massive surge in cyber-crime that has prompted a global effort to stop it, according to a new report from Chainalysis Inc Hackers have adopted advanced...
AM Best maintains negative outlook on Brazil reinsurance market
“Overall, the segment’s growth is likely to face headwinds due to capacity limitations to underwrite risks, as the financial flexibility provided by the local capital markets dries up, and to global risk aversion, as international investors and players reconsider...
China launches Blockchain initiative despite ban on cryptocurrency
By 2025, the country aims to take the comprehensive strength of its blockchain industry to the most advanced level in the world, said a document jointly released by the Ministry of Industry and Information Technology and the Office of the Central Cyberspace Affairs...
Wellx.ai partners with INSTANDA to launch digital health covers for UAE
Vaibhav Kashyap, CoFounder & CEO of Wellx.ai: “The mandatory nature of medical insurance in the UAE and state of overall health of citizens and residents called for a new type of insurance. Wellx.ai exists to enable insurers to embrace their responsibility as a...
Global executives lack confidence on their own organisations’ approach to Reputational and ESG ‘risk readiness”:WTW Survey
Simon Weaver, Head of Corporate Risk & Broking, Asia and Australasia, and Head of Australasia, Willis Tower Watson said, “In an increasingly digital, service-oriented economy, reputational risk is firmly on the corporate agenda. However, our findings also suggest...
European, U.S. regulators tell banks to prepare for Russian cyberattack threat
Now the European Central Bank, led by former French minister Christine Lagarde and which has oversight of Europe's biggest lenders, is on alert for the threat of cyber attacks on banks launched from Russia, the people said FRANKFURT/LONDON: The European Central Bank...
WHO: Global COVID-19 case counts decline 17 per cent in latest week
"The prevalence of the omicron variant has increased globally and is now detected in almost all countries," WHO said. "However, many of the countries which reported an early rise in the number of cases due to the omicron variant have now reported a decline in the...
Tokio Marine invests & collaborates with satellite imaging specialist ICEYE
The Tokio Marine Group has been utilizing technology to make prompt insurance payments in order to provide customers with a sense of safety and security as quickly as possible. In the event of large-scale flooding, satellite data and AI can be used to determine the...
Four in every 10 euros of European fund assets now sold as ‘sustainable’ -Morningstar
Investment funds marketed as sustainable under the EU's Sustainable Finance Disclosure Regulation managed 4.05 trillion euros in assets ($4.63 trillion) at end-2021, Morningstar said in a new report. That is up from about 2 trillion euros in April last year shortly...