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EU must clarify relationship between cyber security rules to give insurers legal certainty across Europe

by AIP Online Bureau | Mar 25, 2021 | Eco/Invest/Demography, International News

Insurance Europe has published its position on the review of the Security of Network and Information Systems (NIS2) Directive. The directive’s minimum harmonisation principle has resulted in a fragmented landscape for Europe’s insurers. In practice, this...

Stranded Suez ship’s owner, insurers face millions in claims

by AIP Online Bureau | Mar 25, 2021 | International News, Non-Life, Reinsurance

  LONDON: The owner and insurers of one of the world’s largest container ships stuck in the Suez Canal face claims totalling millions of dollars even if the ship is refloated quickly, industry sources said on Wednesday.The 400-metre, 224,000-tonne Ever...

Authentication platform Prove acquires MEDICI Global

by AIP Online Bureau | Mar 24, 2021 | Indian News, Technology

  New York/Bengaluru: Prove, the modern platform for phone-centric identity authentication, announced today the acquisition of MEDICI Global, the leading insights and advisory platform for the global fintech industry. With this transaction, Prove substantially...

UK proposes requiring businesses to disclose climate risks by 2022

by AIP Online Bureau | Mar 24, 2021 | Climate, Environment, Renewable Energy, Eco/Invest/Demography, International News, Non-Life, Risk Management

LONDON: Britain launched a public consultation on Wednesday on a proposal to require big companies to disclose the risks they face from climate change as soon as 2022, which would make it the first major economy to make such disclosures mandatory.The business ministry...

Companies need to prepare for more political disturbances and violence ahead: Allianz

by AIP Online Bureau | Mar 24, 2021 | Articles, Eco/Invest/Demography, Health, Non-Life, Pandemic, Risk Management

  NEW YORK/SINGAPORE: Anti-lockdown demonstrations in Germany, "Black Lives Matter" protests in the US or arson attacks on cell phone towers in the UK: Damages, disturbances and, ultimately, losses from riots, protests, vandalism or other forms of civil...
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