While Africa is suffering from some of the most severe impacts of...
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S&P Global raises reinsurance sector view to stable from negative on higher prices
Analysts at S&P Global and Moody’s also told media briefings on...
Tokio Marine Kiln appoints Joe Pickford as Aviation Underwriter
This appointment follows the continued development and expansion of...
WHO launches new report on the global tobacco epidemic
Tobacco use has also declined proportionately in most countries, but population growth means the total number of people using tobacco has remained stubbornly high. Currently, there are an estimated 1.1 billion smokers, around 80% of whom live in low- and middle-income countries (LMICs).
Costs, underinsurance bigger challenge than uninsured in U.S. health system
Government surveys show that about 90% of the population has coverage, largely preserving gains from President Barack Obama’s years. Independent experts estimate that more than half of the roughly 30 million uninsured people in the country are eligible for health insurance through existing programs.
No-Deal EU exit ‘Now a Very Real Prospect’, Says Head of Newly Formed Brexit Cabinet
Chancellor Sajid Javid is ready to release more than 1 billion pounds ($1.2 billion) for planning a no-deal exit, the Financial Times reported on Sunday, noting the new funds add to the 4.2 billion pounds set aside by his predecessor, Philip Hammond.There’s not a clear majority in Parliament for no deal and lawmakers have said they will try to block it. Labour Party leader Jeremy Corbyn said he’s ready for a general election at any time
Chubb innovates in marine insurance with instant shipment insurance
Currently, Chubb offers automated shipment insurance in Australia, Korea and Singapore. This allows traders, logistics service providers, carriers, and even insurance intermediaries to obtain an insurance quotation and bind cover within minutes. The process, previously characterized by endless paperwork and long turnaround time, is now seamless, quick, and available 24/7
SoftBank’s Masayoshi Son forms $108-billion Vision Fund 2 with Apple, Microsoft
Son wants to raise a new massive fund every two or three years to take advantage of opportunities he sees in cutting-edge technologies such as artificial intelligence and autonomous driving.
Australia to police Facebook, Google with new watchdog office to protect privacy
Australian Treasurer Josh Frydenberg said the $5 billion fine slapped on Facebook in the United States this month for privacy breaches showed regulators were now taking such issues extremely seriously.
“These companies are among the most powerful and valuable in the world,” Frydenberg told reporters in Sydney after the release of a much-anticipated report on future regulation of the dominant digital platforms.
SAP and Swiss Re expands its joint co-innovation initiative for financial reporting
Our close partnership with Swiss Re has helped us create an exceptional customer experience across the insurance and financial sectors,” said Luka Mucic, SAP CFO and member of the Executive Board of SAP SE.
U.S. judge cuts $2 billion verdict against Bayer to $86 million
Under Smith’s final order, California couple Alva and Alberta Pilliod would receive roughly $17 million in compensatory and $69 million in punitive damages, down from $55 million and $2 billion, respectively.The plaintiffs still have to formally accept the reduced award.
Australia’s Suncorp to phase out exposure to thermal coal by 2025
Insurers globally have been reducing their business around coal. Insurer Chubb and Zurich Insurance Group have both in the past month revised their policies to limit their thermal coal exposure.
InsurTech investment buoyant in Q2, 2019:Willis Towers Watson
69 deals with a total value of $1.41 billion were announced in Q2, 2019. The value of investments in property/casualty-focussed firms rose by 283% compared to Q2, 2018, and Life & Health deals by 259%. The number of strategic investments by (re)insurers hit a record high of 36.