Allied Chief Executive Steve Jones told Reuters that while much of...
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China relaxes rules for insurers to invest in stock markets
In addition, the watchdog reduced the risk weighting it assigns to...
Howden Tiger and Conning release research on the rise of asset-light insurance structures
David Flandro, Head of Industry Analysis and Strategic Advisory,...
Major Bluetooth bug leaves devices vulnerable
As Engadget reports, the KNOB attack allows hackers to interfere with the Bluetooth pairing procedure by making the connection’s encryption key shorter than required. This makes it easier for hackers to intrude and spy on data shared between devices.
Total cost of risk up 2% in 2018 due to rising insurance rates:RIMS
Reversing the trend of falling average TCOR per $1,000 of revenue seen from 2013 to 2017, average total cost of risk (TCOR) rose from $9.75 per $1,000 of revenue in 2017 to $9.95 in 2018. The marginal increase in TCOR was driven primarily by slightly higher liability, property, and workers compensation costs.
Nepal Government panel wants mount everest hikers to have experience, insurance
The government is expected to amend its mountaineering regulations following the recommendations.The March-May climbing season is when weather conditions are best for climbing the Himalayan mountain.
Global recession coming soon! Yield curves invert in US & UK
The gap between two- and 10-year yields dropped below zero on both sides of the Atlantic after a wave of soft economic data globally. Weaker-than-forecast Chinese retail sales and industrial output set the mood for the markets, with data later in the day showing Germany’s economy contracted, adding to the gloom.
Prudential to split by year-end; monitoring Hong Kong protests
Prudential said last year it planned to split into two companies, a route followed by insurance and asset management peers including Old Mutual and Standard Life Aberdeen.
Nimeshh Patel appointed as CEO of Wrisk
This appointment comes at a time where Wrisk is gaining traction and facing new demands to take the company to the next phase in its journey.
Catastrophes cause $44 bn global economic losses in H1 2019,only 42% of them were insured:Swiss Re
Only about 42% of the global economic losses were insured (compared with 52% in the first half of 2018) as several large-scale disaster events, such as cyclone Idai in southern Africa and cyclone Fani in India, occurred in areas with low insurance penetration.
Russian plane crash-lands in field after birdstrike
Russians have said it was a miracle that no one was killed when the Ural Airlines Airbus 321 came down in a field southeast of Moscow with its landing gear up after hitting a passing flock of gulls, disrupting the plane’s engines.
U.S. airline safety regulators ban select MacBook Pro laptops
his week, four airlines with cargo operations managed by Total Cargo Expertise — TUI Group Airlines, Thomas Cook Airlines, Air Italy, and Air Transat — implemented a ban, barring the laptops from being brought onto the carriers’ planes as cargo, according to an internal notice obtained by Bloomberg News.
Hong Kong plunging into ‘Panic and Chaos,’ says Leader, as protests continue
The protests, which China this week likened to terrorism, present President Xi Jinping with one of his biggest challenges since he came to power in 2012.