Jacques de Vaucleroy, vice chairman, Swiss Re After careful...
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WTW launches Asia’s first 4-peril parametric insurance solution to unlock financing for aquaculture development
``Our new 4-peril parametric insurance provides an efficient and...
Indonesia’s parliament approves changes to healthcare laws amid protests
The new laws will make it easier for foreign doctors to practise in...
US Jury finds Roundup Weed Killer causes Cancer
The case was only the second of some 11,200 Roundup lawsuits to go to trial in the United States. Another California man was awarded $289 million in August after a state court jury found Roundup caused his cancer, sending Bayer shares plunging at the time. That award was later reduced to $78 million and is on appeal.
U.S weighs bids for putting Automated Vehicles on roads
he agency also disclosed that Softbank-backed driverless delivery startup Nuro had also petitioned to deploy a limited number of low-speed, highly automated delivery vehicles intended to be operated without any human occupants. For example Nuro, which partnered with Kroger last year to deliver groceries, seeks approval not to include a windshield in the vehicle.
Munich Re aims to boost Ergo insurance business via acquisitions
Munich Re’s share of payouts related to the crash of a Boeing 737 MAX operated by Ethiopian Airlines would likely be between 100 and 120 million euros.
Facebook admits to storing passwords in plain text on internal servers
“To be clear, these passwords were never visible to anyone outside of Facebook and we have found no evidence to date that anyone internally abused or improperly accessed them,” vice president of engineering, security, and privacy Pedro Canahuati said in a blog post.
Health Protection Gaps in EMs:an opportunity for health insurers to serve the most vulnerable
Jad Ariss, Secretary General of The Geneva Association, said: “Healthcare funding is one of the biggest societal challenges of our time and the insurance industry can play a major role in offering sustainable solutions. Health protection gaps in emerging markets require flexible and creative approaches that address the needs of vulnerable people who have so far been denied suitable and affordable access to healthcare.”
New appointments within SCOR Global P&C underscore the group’s deep talent pool
Jean-Paul Conoscente, CEO of SCOR Global P&C2, commented: “Following the organizational changes announced in September 2018, SCOR Global P&C continues to adapt its structure to serve its strategy and be more client-centric. Today’s announcements confirm the depth of our talent pool and our desire to promote the personal and professional development of our existing teams.”.
Swiss Re says helped insure Boeing, Ethiopian Airlines
“We can confirm that we are part of the insurance panel that covers Boeing’s airline manufacturer liability policy and we also are a co-insurer of Ethiopian Airlines,” Swiss Re said in an emailed statement. It said it had not played a leading role in the cover but declined comment on contractual details.
Bengaluru, Chennai, Delhi among world’s cheapest cities to live in: Report
“Within Asia, the best value for money has traditionally been offered by South Asian cities, particularly those in India and Pakistan,” the EIU said. “To an extent this remains true, and Bengaluru, Chennai, New Delhi and Karachi feature among the 10 cheapest locations surveyed.”
Insurers waive terrorism exclusions for Christchurch shooting victims
“While our policies exclude acts of terrorism, AA Insurance will be providing cover for claims made following the attack in Christchurch on Friday,”
Tougher Asian markets need different approach to risk and insurance driven by data analytics
“Too often, we hear clients struggle to quantify the financial impact and likelihood of risks to their business. Today, companies need to know, with certainty, that the insurance strategy they have in place is exactly right for their business. With new and emerging risks on the accelerated rise, they need to adopt a data-driven and actuarial approach to support all aspects of their insurance procurement process to yield better business outcomes,” adds Scott.