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Governments across the world race to regulate AI tools
The European Data Protection Board, which unites Europe’s national...
UN agencies brace for disaster as Cyclone Mocha intensifies in Bay of Bengal
Extreme weather hazards will occur more frequently due to climate...
XL Catlin to build World’s first On-Demand Cyber Insurance Solution with Slice ICS
According to Greg Hendrick, president of XL Catlin’s Property & Casualty operations, “Slice’s ICS(Insurance Cloud Services) platform gives us the speed to market, scalability, and reliable on-demand experience that will empower our clients to move faster and more confidently knowing digital assets are protected by innovative technology, insurance, and claims processes.”
Companies missing financial impacts of rising IP litigation risks: Willis report
The top three countries for IP litigation are China, the U.S. and Germany. China’s frequency is steadily increasing with the number of IP cases filed doubling between 2013 and 2017
SCOR delivers a strong performance, net income at EUR 262 million in H1 2018
The reinsurer’s gross written premiums total EUR 7,537 million, up 8.2 per cent at constant FX compared to H1 2017 resulting from growth in both Life and P&C, which are up 10.5 per dent and 4.9 per cemt respectively at constant FX compared to H1 2017
SoftBank plans entry into Insurance & Banking
The service, a collaboration with Indian startup Paytm, will make extensive use of artificial intelligence for mobile payments and other financial services,
UK Motor Insurers to mutualize claims for terrorist attacks using vehicles as weapons
“Those who are innocently caught up in events where terrorists drive vehicles into people to injure and kill, can rely on MIB to pay and handle their motor related claims for these terrible events,” said Dominic Clayden, chief executive at MIB, in a statement.
European Union fines Google a record $5 billion over mobile practices
In its ruling, the EU said Google broke the rules when it required mobile phone makers to pre-install the Google Search and browser apps if they wanted to use Google’s app store. Google also paid big producers to exclusively pre-install the Google Search app.
UK Insurers, Banks ‘Must Plan for Hard Brexit’ if Transition Deal Fails: Regulator
Britain’s government wants future financial services trade with the EU based on an “enhanced” version of the bloc’s basic “equivalence” regime used by Japan, Switzerland and the United States
Munich Re appoints a new CFO, reorganises Board
The Supervisory Board has also decided to reallocate responsibilities on the Board of Management of Munich Re. This will mean larger divisions, but no changes in the composition of the Board. Units will be reallocated as part of the reorganisation.
RMS strengthens Asia-Pacific capabilities in version 18 of Modeling Software
“The inclusion of new models for the region, including Philippines Typhoon, India Flood and South Korea Earthquake should help enhance the opportunities for established operators and new entrants to better understand the potential for risk, and for growth, in these important markets,” said Mohsen Rahnama, chief risk modeling officer, RMS.
FDA cites Drug Warning Scam over Online Medications
In the meantime, the FDA recommends consumers only buy medications online from U.S.-licensed pharmacies that require a prescription and notify the agency should they receive a fake warning letter.