With SMAART, IHC executives will be able to have detailed...
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Aon, Lloyd’s and VIG in pact to commit to Ukraine insurance
The commitment follows an announcement earlier in the day by...
Ghosn to fight ‘to the end’ as sues Nissan in Lebanon
Carlos Ghosn,Former Nissan chairman Carlos Ghosn, once a titan of...
Softbank pushes link-ups as insurance strategy takes shape
Three of the 10 biggest investments in new digital insurance firms over the past year — PolicyBazaar, Lemonade and Nauto — were led by Softbank, according to data from Willis Towers Watson and CB Insights
Insurers call for delay in implementing “IFRS 17” rule by 2 yrs to Jan 2023
Nine national and regional insurance industry bodies from Europe, Canada, Korea, New Zealand, Australia and South Africa want the International Accounting Standards Board (IASB) to amend and delay its “IFRS 17” book-keeping rule by two years to January 2023
US Senate Approves Bill on Commercial Drones, Airline Passengers, Disaster Relief
The bill requires the FAA to set rules authorizing commercial drone deliveries and gives the Departments of Justice and Homeland Security new authority to disable or destroy drones if they pose a threat to government facilities. The Trump administration had said it did not have legal authority to address such threats.
U.S. Warns of New Cyber Attacks by Group with China Ties
The Department of Homeland issued a technical alert for cloudhopper, which it said was engaged in cyber espionage and theft of intellectual property, after experts with two prominent U.S. cybersecurity companies warned earlier this week that Chinese hacking activity has surged amid the escalating trade war between Washington and Beijing.
Chinese authorities have repeatedly denied claims by Western cyber security firms that it supports hacking.
Insured losses for Hurricane Michael may touch $10 Billion:AIR Worldwide
“Fueled by unseasonably high 84-degree sea surface temperatures in the Gulf of Mexico and unhindered by any prior landfall, Hurricane Michael rapidly intensified shortly before making landfall at close to Category 5 intensity,” said Dr. Peter Sousounis, vice president and director of meteorology, AIR Worldwide.
India attracted $22 bn of FDI flows in first half of 2018, says UN report
China was the largest recipient of FDI, attracting an estimated $70 billion in inflows in the first half of the year, followed by the UK with $65.5 billion, the US with $46.5 billion, The Netherlands at $44.8 billion, Australia with $36.1 billion, Singapore got $34.7 billion and Brazil received $25.5 billion.
Donald Trump okays $60 billion answer to China’s OBOR
The president’s shift has less to do with a sudden embrace of foreign aid than a desire to block Beijing’s plan for economic, technological and political dominance. China has spent nearly five years bankrolling a plan to gain greater global influence by financing big projects across Asia, Eastern Europe and Africa
UK Insurer Aviva to Replace CEO Wilson as Shareholders Seek Higher Returns
However, since Wilson joined its stock is up 25 percent against a 61 percent return for the insurance sector within the FTSE-100, and has fallen 17 percent since the Friend’s Life deal, while the sector has slipped only 7 percent, Aviva said
Going to UK to study? Pay double health surcharge of 300 pounds from Dec
London: The UK government is all set to double the immigration health surcharge (IHS) from December, which will increase the overall visa fees for the citizens, students, professionals and family members from the non-European Union countries, including...
Hackers stole details of 29 million users in Facebook breach
On Friday, the company revealed that stolen data on 14 million users included birth dates, employers, education and lists of friends. For 15 million users, it was restricted to just name and contact details.