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UN climate alliance scraps emissions rules for insurers after exodus
Under the NZIA's “Target-Setting Protocol” published in January,...
New WHO guideline on policies to protect children from harmful impact of food marketing
Food marketing remains a threat to public health and continues to...
Iran offers India oil cargo insurance, ships to boost sales
Tehran recently insured oil cargoes to India in tankers operated by National Iranian Tanker Company (NITC) as the threat of sanctions hits the supply of both ships and insurance for transportation, Source at United India Insurance and GIC Re confirmed the company has stopped providing insurance cover for Iranian cargoes, said sources
Asian life insurance regulations are still ‘rules-based’: Milliman
The different markets are at very different stages of evolution—in general economic, social and demographic terms and in respect of the maturity of their various life insurance industries. Consequently, the insurance regulatory regimes vary significantly across the markets, often making it difficult for insurers to keep track of how the regulations change across the region.
XL Catlin to build World’s first On-Demand Cyber Insurance Solution with Slice ICS
According to Greg Hendrick, president of XL Catlin’s Property & Casualty operations, “Slice’s ICS(Insurance Cloud Services) platform gives us the speed to market, scalability, and reliable on-demand experience that will empower our clients to move faster and more confidently knowing digital assets are protected by innovative technology, insurance, and claims processes.”
Companies missing financial impacts of rising IP litigation risks: Willis report
The top three countries for IP litigation are China, the U.S. and Germany. China’s frequency is steadily increasing with the number of IP cases filed doubling between 2013 and 2017
SCOR delivers a strong performance, net income at EUR 262 million in H1 2018
The reinsurer’s gross written premiums total EUR 7,537 million, up 8.2 per cent at constant FX compared to H1 2017 resulting from growth in both Life and P&C, which are up 10.5 per dent and 4.9 per cemt respectively at constant FX compared to H1 2017
SoftBank plans entry into Insurance & Banking
The service, a collaboration with Indian startup Paytm, will make extensive use of artificial intelligence for mobile payments and other financial services,
UK Motor Insurers to mutualize claims for terrorist attacks using vehicles as weapons
“Those who are innocently caught up in events where terrorists drive vehicles into people to injure and kill, can rely on MIB to pay and handle their motor related claims for these terrible events,” said Dominic Clayden, chief executive at MIB, in a statement.
European Union fines Google a record $5 billion over mobile practices
In its ruling, the EU said Google broke the rules when it required mobile phone makers to pre-install the Google Search and browser apps if they wanted to use Google’s app store. Google also paid big producers to exclusively pre-install the Google Search app.
UK Insurers, Banks ‘Must Plan for Hard Brexit’ if Transition Deal Fails: Regulator
Britain’s government wants future financial services trade with the EU based on an “enhanced” version of the bloc’s basic “equivalence” regime used by Japan, Switzerland and the United States
Munich Re appoints a new CFO, reorganises Board
The Supervisory Board has also decided to reallocate responsibilities on the Board of Management of Munich Re. This will mean larger divisions, but no changes in the composition of the Board. Units will be reallocated as part of the reorganisation.