Among the ideas under consideration in Downing Street is setting up...
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Wall Street cashing in on the ultra-wealthy
In the past 10 weeks, JPMorgan Global Wealth Management opened...
1.5C for the planet, 1C for people: Scientists issue new climate warning
The warning - issued this week in research published in the journal...
Global insurance prms rise to$5 trillion, up 1.5% in 2017, China-led emerging markets drive growth:Swiss Re’s Sigma
“Given the impressive number of infrastructure initiatives underway in China, China’s contribution to world insurance premiums could yet again exceed expectations. In the following decades, other markets such as India, Indonesia, Brazil, Mexico, Pakistan, Nigeria or Kenya could become more important”
Etiqa Insurance fast-tracks motor insurance claims with 30-minute claims approval
“The motor insurance industry is a very competitive market, and we would like to offer our customers great value beyond a competitive price. By speeding up the approval process, we reduce stress and provide better peace of mind to motor vehicle owners,” said Sue Chi Kong, Chief Executive Officer of Etiqa Insurance Singapore.
Rising sea levels may cost $14 trillion worldwide annually by 2100: Experts
“More than 600 million people live in low-elevation coastal areas, less than 10 metres above sea level. In a warming climate, global sea level will rise due to melting of land-based glaciers and ice sheets, and from the thermal expansion of ocean waters,” said Svetlana Jevrejeva, from the UK National Oceanographic Centre
Almost Half of South Asia Vulnerable to Climate ‘Hotspots’: World Bank
More than 800 million people now live in areas predicted to become moderate-to-severe “hotspots,” or affected areas, by 2050 under the carbon intensive scenario, with India accounting for almost three-quarters of them, the report said
Climate Change:Swiss Re stops covers for businesses with 30% thermal coal exposure
It is a further step in refining Swiss Re’s approach to managing carbon-related sustainability risks and supporting the transition to a low-carbon economy.The thermal coal policy applies to both existing and new thermal coal mines and power plants, and is implemented across all lines of business and Swiss Re’s global scope of operations.
Chinese tech firms seek to shake up state-Run health sector with AI and Big Data
Alibaba’s push into healthcare reflects a wider trend in China, where technology firms are racing to shake up a creaking state-run health sector and take a slice of spending that McKinsey & Co estimates will hit $1 trillion by 2020.
EU Will Not Ease Post-Brexit Market Access for UK Insurers, Banks: Official
City of London institutions have already scaled back expectations of continued full access to the EU from Britain once any transition period ends, or that a novel, bespoke trade deal can be agreed.
Amazon to Buy Online Pharmacy Startup PillPack as Entry Into Health Care
The pact follows months of speculation about Amazon’s plans to get into the pharmacy or drug-distribution business. Despite the retailer’s vast reach, getting into prescription drugs presented a daunting logistical challenge in terms of licensing and dealing with a range of private and government payers.
China’s State-Run Insurance Funds feel strain of Baby Boom
The cash crunch is the result of a baby drive by Chinese officials worried that a rapidly aging population poses a threat to economic growth. China eliminated the one-child policy in 2016 after almost four decades and since then almost every province has extended terms of maternity leave to encourage women to have more children.
Auto Supplier Bosch Teams with Startup Mojio to Connect Vehicles to Digital Services
“By getting access to an incredible amount of [vehicle] data, including very accurate crash detection data with Bosch, we should be able to save lives and make the insurance claims process more effective,” said Mojio Chief Executive Officer Kenny Hawk