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IP emerges as a top 10 risk, insurance covers only 16 percent of $1B in potential losses:Report

by AIP Online Bureau | May 1, 2019 | Eco/Invest/Demography, International News, Non-Life

   London: :Aon plc  and the Ponemon Institute released a global 2019 Intangible Assets Financial Statement Impact Comparison Report today that found that property, plant and equipment (PP&E) has 60 percent insurance coverage versus only 16 percent...

China says to further open up banking and insurance sectors

by AIP Online Bureau | May 1, 2019 | Eco/Invest/Demography, International News

  BEIJING: China will further open up its banking and insurance sectors, the country’s top banking and insurance regulator said in comments published on Wednesday.   Guo Shuqing, chairman of the China Banking and Insurance Regulatory Commission, said...

Willis Towers Watson launches unique $1billion political risk insurance programme

by AIP Online Bureau | May 1, 2019 | Eco/Invest/Demography, International News, Non-Life

  LONDON: Willis Towers Watson, a leading global advisory, broking and solutions company has launched a unique political risk insurance programme supported with over $1bn of market capacity.   The ever-shifting political environment is demanding a new and...

Stephen Catlin launches a specialty entity for complex risks,invests $1.8bn capital

by AIP Online Bureau | May 1, 2019 | International News, Non-Life, Reinsurance, Risk Management

  Hamilton, Bermuda:  Insurance industry experts Stephen Catlin and Paul Brand today unveil their international specialty insurer and reinsurer, Convex Group Limited (“Convex”). Convex launches with $1.8bn of initial committed capital and...

SCOR unveils steps protecting climate and promoting energy transition

by AIP Online Bureau | May 1, 2019 | Climate, Environment, Renewable Energy, Eco/Invest/Demography, International News, Reinsurance

  Paris: SCOR is taking another step forward in protecting the climate and promoting the energy transition.   SCOR has expanded its insurance and facultative reinsurance underwriting exclusion list to include the construction of new coal-fired power plants,...
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