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Taiwan rushes to prevent China from cutting off internet, phones
Audrey Tang, who heads Taiwan’s Ministry of Digital Affairs, says...
Japan’s largest insurer Tokio Marine joins defectors from Gfanz climate group
A spokesperson said Tokio Marine will continue to consider measures...
Global Warming Likely to Exceed Paris Agreement Cap of 1.5°C by 2040: UN
“Economic growth is projected to be lower at 2°C warming than at 1.5° for many developed and developing countries,” the UN report said , drained by impacts such as floods or droughts that can undermine crop growth or an increase in human deaths from heatwaves.
Russia World Cup Insurance Premiums Rise on Risks of Terrorism, Hooliganism
The insured value of the event is over $10 billion, they estimate. Premiums against terror attacks are around 10 percent higher than the last World Cup in 2014 or previous World Cups.Stadium owners,
China’s former insurance regulator chief Xiang Junbo stands trial for graft
Cover for Ridesharing Networks, Beginning With Uber And Lyft
Through this new offering underwritten by Chubb, rideshare passengers are given the ability to purchase accidental medical expense and accidental death and dismemberment coverage on an episodic basis.
Driverless cars may cut traffic jams, Not insurance premiums
A Morgan Stanley report in 2016, entitled “Are Auto Insurers on the Road to Nowhere,” estimated the business could contract by as much as 80 percent by 2040. But as a handful of fatal accidents involving autonomous vehicles has made clear in recent years, insurance coverage will probably evolve, not disappear.
New construction technologies make engineering insurance risky, Swiss Re’s Sigma
Underwriting performance has deteriorated recently, with premium rates declining and claims rising in some construction sectors. Urbanisation, the replacement of ageing infrastructure and development of renewable energy sources should all promote construction spending and engineering insurance demand
Allianz eyes M&A targets After Missing Out on XL
Those on the list range from Switzerland’s Zurich Insurance Group AG and the U.K.’s RSA Insurance Group Plc to Hartford Financial Services Group Inc. in the U.S. or, going further afield, assets in China,
Violence cost India’s GDP over $1 trillion on PPP basis; Per person cost at Rs 40,000
The economic impact of violence to the global economy was USD 14.76 trillion in 2017, in PPP terms. This is equivalent to 12.4 per cent of GDP, or USD 1,988 per person. The global economic impact of violence is defined as the expenditure and economic effect related to “containing, preventing and dealing with the consequences of violence”.
Worldwide cyber insurance prm will touch $4 bn by 2021: Aon
Across all types of commercial P&C insurance, the manufacturing segment generated the highest premiums worldwide in 2017, worth approximately $111 billion. Following manufacturing came agriculture, fishing and forestry at $72 billion, boosted by the huge value of this segment in China and the U.S.
UK financial watchdogs need competitiveness remit after Brexit: lawmaker
“It’s important that we don’t dilute standards beyond the internationally accepted, but tests of appropriateness, proportionality and international equivalence are key,” Stephen Hammond, a member of parliament’s Treasury Select Committee (TSC) told a City & Financial conference
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