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U.S. pension funds sue Allianz after $4 bln in coronavirus losses

by AIP Online Bureau | Sep 29, 2020 | Eco/Invest/Demography, International News, Pandemic, Pension & Social Security, Risk Management

  FRANKFURT: Pension funds for truckers, teachers and subway workers have lodged lawsuits in the United States against Germany's Allianz, one of the world's top asset managers, for failing to safeguard their investments during the coronavirus market...

AXA XL launches Digital Risk Engineer, a connected solution to monitor “buildings and assets”

by AIP Online Bureau | Sep 29, 2020 | Eco/Invest/Demography, International News, Non-Life, Reinsurance, Risk Management, Technology

  Paris: AXA XL is accelerating the scaling of its new Digital Risk Engineer proposition – a connected solution designed to enable companies to monitor the “health” of their buildings and assets – having recently completed the successful...

China to tighten supervision of country’s booming online insurance business

by AIP Online Bureau | Sep 29, 2020 | Eco/Invest/Demography, International News, Life, Non-Life, Reinsurance, Risk Management, Technology

BEIJING: China’s banking and insurance regulator issued draft rules on Monday to rein in risks accumulated in country’s booming online insurance sector. The rules, on which the regulator is seeking public feedback till Oct. 28, will ban unlicensed...

African Risk Capacity partners with insuretech Pula to Deliver Agric Index Insurance products to African Farmers

by AIP Online Bureau | Sep 29, 2020 | Eco/Invest/Demography, International News, Non-Life, Reinsurance

  Johannesburg: The African Risk Capacity Limited (ARC Ltd), the commercial subsidiary of African Risk Capacity Group (ARC Group), has announced a partnership agreement with Pula to deliver best-in-class agriculture index insurance products to protect African...

UK watchdog sets Wednesday deadline for agreement on business insurance claims

by AIP Online Bureau | Sep 29, 2020 | Eco/Invest/Demography, International News, Non-Life, Pandemic, Reinsurance, Risk Management

LONDON: Britain’s Financial Conduct Authority said on Tuesday it has filed for an expedited appeal in its business interruption test case as a precaution against insurers not agreeing by Wednesday to pay out on claims made during the pandemic. Hundreds of...
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