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Toyota Tsusho Insurance Management Corporation joins the Brokerslink Network
TIM provides a range of insurance services, including brokerage for...
Global insured losses from natural disaster events reach $88 billion by the end of Q3 2023, says Aon report
For the first time, insured losses from SCS in the U.S. surpassed...
Coronavirus: For China virus insurance, check the small print
The reinsurance market at Lloyd’s of London has not seen any untoward activity from traditional insurers looking to hedge their exposure to risks arising from this outbreak, two sources in the underwriting trade said.
Visa planning biggest changes to US swipe fees in a decade: Report
Higher rates are looming for transactions on e-commerce sites, while retailers in certain services categories such as real estate and education will see fees decline, the report added.
Gymnast sexual abuse victims offered $215 mn insurance payout to settle claims
The $215 million total is the amount the insurance carriers for USA Gymnastics and the United States Olympic and Paralympic Committee are willing to provide in hopes of ending years of legal battles with athletes who were abused by former national team doctor Larry Nassar.
Google Pay’s ‘tremendous success’ in India to be replicated globally: Pichai
According to Ambarish Kenghe, Director, Product Management, Google Pay, the vast majority of India’s over 60 million small businesses are still not benefiting from the growing digital economy.
UK to ban new petrol car sales from 2035
Britain has pledged to reduce greenhouse gas emissions to net zero by 2050, with a mixture of cuts and off-setting pollution measures such as planting trees.
Coronavirus to hit reinsurers hard:AM Best
einsurers may face higher levels of risk than L/H insurers, as their risk profiles entail higher exposures to mortality and morbidity risks. However, global reinsurers have been broadening their risk exposures in recent years in an effort to minimize the concentration of mortality and morbidity risks.
As economic costs of Coronavirus mount, China accuses U.S. of overreacting
The number of deaths in China from the newly identified virus, which emerged in Wuhan city in the central province of Hubei in December, had risen to 361 as of Sunday, up 57 from the previous day, the National Health Commission said.
EU Prepares for Coming of Facial Recognition– On Its Privacy Terms
Facial recognition has emerged as a hot-button issue as the EU prepares to outline its plans to regulate artificial intelligence next month. Privacy advocates are urging legislation to prevent abuses, while law enforcement is warning against banning a tool that can make societies safer.
UK and EU commence sparring over post-Brexit trade rules
The European Union wants an ambitious zero-tariffs and zero-quotas trade deal with Britain but this will be conditional on open and fair competition between the UK and the 27-nation bloc it quit last week, the EU’s Brexit negotiator said.
Most UK insurers, banks unprepared for risks of climate change
The Bank is holding a consultation, led by Breeden, on stress-testing lenders and insurers on their exposures to global warming and the risks associated with a shift to a lower-carbon economy. She addressed the topic with more than 100 finance leaders at an event hosted by Odgers in London.