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Earth’s warmest August saw 65 countries set record high temperatures: Report
Berkeley Earth, which focuses on environmental data science and...
Chubb launches Lloyd’s Lithium Battery consortium
The consortium was created to address a lack of capacity in the...
Google to pay $170 million fine for sharing YouTube kids data
“We will treat data from anyone watching children’s content on YouTube as coming from a child, regardless of the age of the user,” YouTube chief Susan Wojcicki said in a statement.
Swiss Re and Capsicum Re launch a holistic cyber reinsurance solution
Anthony Cordonnier, Head Cyber Product Management at Swiss Re, said:”Decrypt gives insurance companies a unique understanding of their portfolios’ affirmative and silent exposures, and offers protection against the aggregation of cyber losses across different lines of business.”
Willis Towers Watson launches innovative risk advisory service
John Merkovsky, Head of Risk and Analytics at Willis Towers Watson, added “’Today’s risk manager and CFO have only been able to view risk financing as individual transactions, compartmentalised by line of business. Connected Risk Intelligence is a combination of advanced modeling technology and our own optimisation expertise which will revolutionise the way organisations view risk management.
Global reinsurance market to see consolidation, product & service innovation:S&P
S&P Global Ratings believes that these factors will continue to push the sector to evolve, forcing market consolidation, product and service innovation, expansion of product offerings, and reimagining of the re/insurance value chain. Indeed the market may look different, but it could be a long time before the competitive landscape changes.
ArgoGlobal Syndicate 1200 to exit Asia
All existing policies remain valid and the company will manage claims handling through its London operation.
Hurricane Dorian slams Bahamas, Florida,expected industry losses range between $11.3bn to $37.2bn
Industry loss estimates are currently sitting in a range from $10 billion to as much as $25 billion (perhaps even $30 billion according to some new runs we’ve seen), which aligns with these analogue storms RMS has highlighted
Swiss Re topples Munich Re as the largest global reinsurer in 2018:AM Best
For GIC Re that has retained its 11th ranking , the reinsurer’s total premium of over Rs 44,000 crore during 2018-19 has been factored in while finding its global ranking
Silent-cyber claims expectations decline across insurance lines and industry groups:Willis Re
Silent cyber risk refers to cyber losses which affect insurance policies that have not been specifically designed to respond to cyber incidents.
Philippines Insurance Commissioner Dennis B. Funa elected as Asian Re chairman
Besides the Philippines, the Asian Re has nine other member-states from the United Nations Economic and Social Commission for Asia and the Pacific (UNESCAP), namely: Afghanistan, Bangladesh, Bhutan, China, India, Iran, South Korea, Sri Lanka and Thailand.
Tesla rolls out insurance in California
Chief Executive Elon Musk has been one of the strongest proponents of the idea that car insurance rates should plummet as driver-assist and self-driving technology become standard. Tesla said rates of its new plan were as much as 20% lower than those of rivals but did not provide comparisons.