The latest claims mean that investors representing more than a...
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Oil tanker seized by Iran had Indian crew, says operator
The seizure underscores continued tensions in a vital corridor for...
Executive bonuses in crosshairs under new EU ESG rules
C-suite managers at companies with more than 1,000 employees will...
Swiss Re highlights five top risks for re/insurance industry
• Emerging geopolitical risks, the re-emergence of asbestos and risks from new technologies such as cyber, biased algorithm or the erosion of risk diversification pose the largest challenges
• Other risks are in the health and environmental area, such as people sleeping less and issues around environmental liability
Digital agility is key for insurers as BigTechs ponder entering the market:World Insurance Report
Almost 30 percent of customers globally are willing to buy insurance products from BigTech companies such as Amazon and Google, spurring a greater need for traditional providers to develop future-ready operating models to satisfy evolving customer preferences
SoftBank’s talks for minority investment in Swiss Re fails
Swiss Re will further explore business ideas between Swiss Re’s operative entities and the portfolio companies of SoftBank.
Nephila climate & Allianz close proxy revenue swap for Australia solar farms
Bermuda: Nephila Climate, the weather and ESG-driven specialty division of Nephila Holdings Ltd., together with Allianz Global Corporate & Specialty SE’s alternative risk transfer unit (“Allianz”), announced today that they have closed a...
Google, Facebook face over $9 bn in fines under new EU data protection law
GDPR, designed to designed to give individuals in the European Union (EU) more rights to control their personal information, came into effect on Friday
China jails insurer PICC’s ex-president for corruption: state media
A number of senior financial officials and executives, such as Anbang Insurance Group Co’s ex-chairman Wu Xiaohui, have been jailed
World’s first blockchain platform for marine insurance now in commercial use
By connecting participants in a secure, private network with an accurate, immutable audit trail and services to execute processes, the platform establishes a first of its kind digital insurance value chain
XL Catlin unveils autonomous tech insurance
Mike McGavick, chief executive officer of XL Catlin, said: “Autonomous technologies are changing the world around us, the way companies operate and the risks they face. We recognise the new and complex risks that are emerging and, as underwriters, we know we have the expertise to develop and deliver the right insurance solutions
Stronger insurance rules to protect victims of motor vehicle accidents in EU
Today’s proposal will ensure that victims of motor vehicle accidents receive the full compensation they are due, even when the insurer is insolvent.The revamped rules will also ensure that those who have a previous claims history in another EU Member State are treated equally to domestic policyholders, and potentially benefit from better insurance conditions.
India 145th among 195 countries in healthcare access, quality
The five countries with the highest levels of healthcare access and quality in 2016 were Iceland (97.1 points), Norway (96.6), the Netherlands (96.1), Luxembourg (96.0), and Finland and Australia (each with 95.9).The countries with the lowest scores were the Central African Republic (18.6), Somalia (19.0), Guinea-Bissau (23.4), Chad (25.4), and Afghanistan (25.9)