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Aon identifies ‘invisible’ cyber risks to global energy storage market
Energy businesses, in particular, are facing an increasingly...
Big Tech crackdown looms as EU, UK ready new rules
Violations could result in fines worth up to 6% of a company's...
Allianz’s climate protection package to catalyse a low-carbon economy
In Property and Casualty insurance, with immediate effect, Allianz will no longer provide insurance to single coal-fired power plants or coal mines, that are operational or planned. Companies that generate electricity from multiple sources, such as coal, other fossil fuels or renewable energies, will continue to be insured, and individually reviewed on the basis of defined ESG criteria.
More than 90 per cent people in the world breathing polluted air
WHO’s study, which examined health-hazardous levels of both outdoor and household air pollution, found that “around seven million people die every year from exposure to fine particles in polluted air.More than 90 percent of deaths linked to air pollution occur in low- or middle-income countries, mainly in Asia and Africa, it found.
Twitter also sold data to Cambridge Analytica researcher: Report
Aleksandr Kogan, who created tools for Cambridge Analytica that allowed the political consultancy to psychologically profile and target voters, bought the data from the microblogging website in 2015, before the recent scandal came to light, The Sunday Telegraph reported.
Insurers Fear U.S. Economic Slowdown, Inflation: Goldman Sachs
Cryptocurrencies, while being much debated, are not believed to be suitable investments for portfolios at this stage, while a third of those surveyed view them as a potential risk to financial markets.
PwC survey finds cyber insurance underwriting is profitable for Now: PwC
Companies are most worried about cyber-related business interruption/contingent business interruption because it has a potential systemic impact.
Insurer-Backed research urges reform of fire tests of British building materials
Only non-combustible materials should be used in construction and the testing regime should be reformed to reflect real world conditions, the Association of British Insurers said in its submission to a government-commissioned independent review of buildings regulations and fire safety.
China on track to become world’s largest insurance market: Allianz study
With 1.1 trillion euros (1.33 trillion U.S. dollars), representing over 30 percent of global premium income, the United States, currently is the world’s largest insurance market, but it will lose its rank to China next decade, the group’s report showed, predicting “a historic change of guard.”
EU’s Barnier plays down bespoke Brexit deal for British financial sector
“Why would the equivalence system, which works well for the U.S. industry, not work for the City?,” Michel Barnier told a financial conference in Sofia, the Bulgarian capital.The so-called equivalence system works on the basis of Brussels granting access to the EU for banks, insurers and asset managers from outside the bloc if the bloc deems their home rules to be similar enough.
Cat Bond issuance reaches record in Jan-Mar Qtr
The first quarter catastrophe bond issuance figure has set a positive tone for the remainder of 2018. Following the potential losses that could have been incurred from the series of 2017 natural disaster events, investors in this sector could easily have taken a ‘wait-and-see’ approach,Paul Schultz, Chief Executive Officer of Aon Securities
SCOR’s net income at EUR 166 million, up 18.6 % in Q1 2018
At the April 1, 2018, renewals, SCOR Global P&C grew gross written premiums by 13.5% at constant exchange rates to EUR 505 million, while improving risk adjusted pricing by 2.9% and maintaining stable terms and conditions. Growth was achieved in both Treaty (especially in India and the U.S.) and in Specialty Treaties (including in Agriculture, Credit and Surety and U.S. Cat).