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International News

InsurTech M&As in Asia surge to US$460 million in 2017, three times that of 2016: Willis Study

Turning to specific markets, China and India, home to much of the innovation in InsurTech, accounted for a significant 73% of transactions in 2017. Hong Kong, Singapore and other Asia markets continued to build on the momentum from 2016 and accounted for 27% of the transactions, representing a much more conspicuous contribution than in 2015 when they only amounted to 4% of the regional sum.

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87 million users’ data improperly shared, over half a million from India: Facebook

As per a table of compromised users, most of the personal information that may have been improperly shared with Cambridge Analytica are from the US – 70.8 million or 81 per cent. Indonesia and the United Kingdom stand a distant second with 1.1 million users’ data being compromised. India ranks seventh wherein information of 562,455 of its users may have been compromised. 

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SoftBank‘s stakes in Swiss Re  expected not to exceed 10 pc

Swiss Re also is convinced that the long-term trends for the industry remain positive and highly attractive. Risk pools are expected to continue to grow, fuelled by demographic trends and a strengthening of the world economies’ combined GDP, with an overall insurance market expected growth of 5% 1 . High growth markets, in particular, continue to offer much potential, with projected growth rates of 8 per cent .

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