Russia says the severing of the bank's access to SWIFT is one of...
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EV batteries remain major challenge for insurers – UK’s Thatcham
Batteries can make up half of an EV's cost and Thatcham found a...
Nations haggle over targets to cut shipping’s huge emissions
Large shipping companies are already making moves. A.P....
US Bill would require secondary cockpit door on all existing airplanes
A study by the Federal Aviation Administration, which oversees aviation security, concluded that cockpits are vulnerable when pilots step out and cited secondary doors as the most efficient, cost-effective form of protection, according to the news release issued on Wednesday.
No one’s safe: Bezos nude selfie leak triggers alarm for all billionaires
“The perception among very affluent people is often ‘I have this level of wealth, I’m untouchable,’’ said Mark Johnson, chief executive officer of Sovereign Intelligence, a McLean, Virginia-based risk analytics firm. “But the systems they have in place for protecting their personal identifiable information are very weak.”
Ultra-wealthy individuals are particularly susceptible because so much of their data are often centralized through family offices, which typically lack the robust firewalls and encryption capabilities of banks and large corporations.
Jan.1 global reinsurance pricing remains disappointing:AM Best
AM Best believes that investors will continue to invest in third-party capital and that the alignment between third-party and traditional capital will endure, guaranteeing an abundance of capacity for the reinsurance segment.
International push to improve food safety
Climate change and the globalization of food production, coupled with a growing global population and increasing urbanization, pose new challenges to food safety. Food systems are becoming even more complex and interlinked, blurring lines of regulatory responsibility. Solutions to these potential problems require intersectoral and concerted international action.
No-deal Brexit ‘could cost 600,000 jobs worldwide’ – study
Within the 27 remaining EU countries, almost 180,000 posts at firms directly exporting to the UK would be at risk. But 433,000 more workers in the EU and around the world would be affected, as their employers sell to companies that in turn export to Britain.
Indian doctors protest UK’s ‘unfair’ health surcharge
“Clinicians wishing to work in the UK are already facing burdensome processes relating to regulation and immigration, and this surcharge is only going to see UK losing out on quality healthcare professionals from non-EU countries,” notes a letter from BAPIO president Ramesh Mehta and secretary Parag Singhal, sent to UK home secretary Sajid Javid last week
‘Storm’ might strike global economy, warns IMF as growth slows down
The risks include “trade tensions and tariff escalations, financial tightening, uncertainty related to (the) Brexit outcome and spillover impact and an accelerated slowdown of the Chinese economy”, said IMF Managing Director Christine Lagarde
Microsoft targets healthcare with medical records in the cloud, bots and more
Health care lags behind some other industries in moving data to internet-based storage, and while health records have mostly gone digital, they are often stored in different databases that can’t share information easily. That makes it hard to create systems that use new artificial intelligence and data analysis techniques to track patient well-being and find new targeted therapies.
Munich Re expects prices to improve in Apr 1 renewals
Gross premiums written (GPW) by the whole group in 2018 were €49 billion, slightly down from €49.1 billion in 2017. The company’s net profit of €2.2 billion for the year was, in line with its target of €2.1 billion to €2.5 billion
SCOR grows its reinsurance premiums 9.7% in Jan renewal
Victor Peignet, CEO, SCOR Global P&C, comments: “SCOR starts 2019 with strong January renewals, after having successfully renewed its capital shield back in fall 2018. Clients want to increase the business they conduct with SCOR; they value our client-focused strategy, strong ratings, and technical expertise. We expect favorable market conditions to be more pronounced through the spring/summer 2019 renewals.”