A major U.S. insurer, the American Club, also told Reuters it was...
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Climate change will speed up inflation in next decade, says ECB
Climate change poses risks to price stability by having an upward...
Carney’s climate alliance sounds alarm on “political attacks” on insurers
"These political attacks are now interfering with insurers’...
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)
EU says it can’t guarantee Brexit won’t hit financial contracts
Britain and the EU have agreed on a “standstill” transition period whereby EU rules remain in force in Britain until the end of 2020, which would ensure continuity in cross-border financial contracts like insurance policies and derivatives.
Insurtech firmLemonade launches world’s First ‘Open Source’ Insurance Policy
Lemonade has rewritten the generations-old insurance policy, making it simple, relevant, approachable, digital, and in plain English.
Allianz Global Corporate & Specialty outlines 5-year growth ambition for South Korean branch
South Korea is the world’s 11th largest economy and the 4th largest in Asia. AGCS estimates that the Asian non-life insurance market currently accounts for about 30% of global market premiums and AGCS expects this to grow approximately 5 per cent each year