Airlines have faced warnings over insurance cover in the wake of...
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Governments join rescue effort as airlines face Israel insurance alert
Israel’s parliamentary finance committee said late on Tuesday it...
Use of Weather Derivatives surges as extreme climate events rock the globe
Weather derivatives let buyers hedge against the risk that the...
Peak Re successfully places $ 77mn Lion Rock Re II Sidecar
the confidence shown in Lion Rock Re II really shows that Hong Kong can become a hub for ILS investors. Lion Rock Re II will allow us to continue our drive towards modernising reinsurance and bringing more communities under the umbrella of protection that insurance and reinsurance provides,” said Franz Josef Hahn, Chief Executive Officer of Peak Re.
British regulator warns insurance industry to stamp out bad behavior – or else
“A senior manager’s failure to take reasonable steps to address non-financial misconduct could lead us to determine that they are not fit and proper,” Jonathan Davidson, the Financial Conduct Authority’s Executive Director of Supervision, Retail and Authorisations said in a letter on Monday
Natural catastrophes record $52b insured losses & 9,000 deaths in 2019:Munich Re
Torsten Jeworrek, member of the Board of Management, commented, “The severe cyclones in 2019 have highlighted the importance of knowledge about changes in risk. Natural climate variations influence weather catastrophes from year to year. Longer-term climate change effects can already be felt and seen. Buildings and infrastructure must be made more resistant in order to reverse the increasing trend in losses. This will enable insurance to be more effective and support the remaining financial losses.”
Trump Administration seeks to limit ‘Overreach’ of Regulation of Artificial Intelligence
The comments come at a time when companies are racing to integrate AI and deep machine learning into their businesses to remain competitive. However, the technology raises ethical concerns about control, privacy, cyber security and the future of work, companies and experts have said.
dacadoo announces global partnership with Swiss Life Global Solutions
dacadoo’s comprehensive digital Health Engagement Platform motivates users to achieve and maintain healthy lifestyle habits. The digital user journey is optimized to engage clients of Health & Life Insurers, and it is delivered through mobile apps and a web app built in responsive design. It combines motivational techniques derived from behavioral science, with functions from online gaming and social networks that involve users in their holistic health – body, mind and lifestyle
India emerges as the fifth biggest geopolitical risk of 2020:Eurasia Group Report
Describing 2020 is a tipping point,the report has said, “We’ve lived with growing levels of geopolitical risk for nearly a decade, but without a true international crisis.Outside of geopolitics, global trends have been strongly favorable. That’s now changing.”
Ukrainian Boeing 737 with 180 aboard crashes in Iran after take-off
Passengers and crew on board the Ukrainian Boeing 737 plane that crashed shortly after take-off from Tehran on Wednesday were killed, Ukrainian President Volodymyr Zelensky said.”According to preliminary data, all passengers and crew members are dead,” he wrote on Facebook of the Ukraine International Airlines plane, which was bound for Kiev.
Pool Re makes terrorism cover more accessible to U.K. businesses
“Pool Re recognizes that different buyers have different profiles, and we need to continuously adapt to their needs,” said Steve Coates, Pool Re CUO. “Widening the definition of SME – who receive business interruption cover at no cost when they buy a physical damage policy – means that we can offer more affordable terrorism cover and as a result, better accessibility to a wider range of companies.”
New safety flaws found in Boeing 737 Max
The emergence of new troubles threatens to extend a crisis that is disrupting the global aviation business. The Max has been grounded since March, after the two crashes killed 346.
Gallagher expands Asian presence with stake in specialist Malaysian broker
As an aviation-centric broker since 1974, SP&G represents a natural and complementary fit with Gallagher’s global aerospace division, which has operations in the UK, US, Canada, Australia, New Zealand and 10 other countries spanning Europe, Latin America and Asia — but, to date, no on-the-ground operation in Malaysia.