Fabrice Brégier non-executive Chairman, SCOR The SCOR directors...
Category:
International News
Latest
Allianz Global Corporate & Specialty SE appoints a new CFO
Munich: Allianz Global Corporate Specialty SE (AGCS) has appointed...
Canada energy sector under threat from Russia-aligned hackers, spy agency says
The Communications Security Establishment (CSE) signals...
At USD 144 bn,2017 records highest ever global insured losses from disaster events, economic losses at USD 337 bn: Sigma
In the monsoon season. very heavy and long-running rains caused huge damage and loss of life in India, Nepal and Bangladesh. Economic losses from a series of flood events in Bihar, Assam, West Bengal and other states in India were around USD 2.5 billion, and USD 0.6 billion in the Terai region of Nepal.
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.
New lawsuit for infringing heart rate sensor technology in Apple Watch
Omni MedSci has filed the lawsuit in the US state of Texas, claiming that Apple willfully infringed on its patents and asking for an injunction against Apple along with damages.
Facebook junks project to collect patients’ health data: Report
“The project could have raised new concerns about the massive amount of data Facebook collects about its users, and how this data can be used in ways users never expected.”
Slightly above-average 2018 Atlantic hurricane season predicted by Colorado State University team
Dr. Philip Klotzbach of Colorado State University (CSU) has issued his April forecast for the 2018 Atlantic Hurricane Season. The forecast calls for 14 named storms, 7 hurricanes and 3 major (Category 3+) hurricanes between the months of June and November
Twitter: 1 million accounts suspended for ‘terrorism promotion’
“We continue to see the positive, significant impact of years of hard work making our site an undesirable place for those seeking to promote terrorism, resulting in this type of activity increasingly shifting away from Twitter,” said the statement from the messaging platform’s public policy team.
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.
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 .
Climate change could raise food shortage globally: Study
Wetter conditions are expected to have the biggest impact in South and East Asia, with the most extreme projections suggesting the flow of the River Ganges could more than double at 2 degrees Celsius global warming.
Walmart may buy health insurer Humana
Americans spent $3.3 trillion on healthcare in 2016, or $10,348 per person. It’s roughly 18% of the nation’s gross domestic product, dwarfing retail’s 6% share. As Amazon expands into bigger and higher margin sectors, Walmart is scrambling to keep up.