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Japanese general insurance industry to reach $133.1bn in 2025, forecasts GlobalData

by AIP Online Bureau | Aug 20, 2021 | International News, Non-Life, Reinsurance

The general insurance industry in Japan is projected to grow from US$104.1bn(JPY11.1 trillion) in 2020 to US$133.1bn(JPY12.6 trillion) in 2025, in terms of gross written premiums (GWP), according to GlobalData, a leading data and analytics company. GlobalData has...

For bank regulators, tech giants are now too big to fail

by AIP Online Bureau | Aug 20, 2021 | Eco/Invest/Demography, International News, Regulation, Risk Management, Technology

LONDON: More than a decade on from the financial crisis, regulators are spooked once again that some companies at the heart of the financial system are too big to fail. But they're not banks. This time it's the tech giants including Google, Amazon and...

China’s planned anti-sanctions law for Hong Kong unsettles financial sector

by AIP Online Bureau | Aug 20, 2021 | Banking & Bancassurance, Eco/Invest/Demography, International News, Policy

  HONG KONG:- Global banks and other financial institutions in Hong Kong are scrambling to find out details of China's planned imposition of an anti-sanctions law on the city, and trying to understand how it could impact their operations in the financial hub....

J&J seeks nod for COVID-19 vaccine trial in Indian adolescents

by AIP Online Bureau | Aug 20, 2021 | Eco/Invest/Demography, Health, Indian News, Non-Life, Pandemic

BENGALURU: Johnson & Johnson has sought approval from Indian drug regulators to conduct a study of its COVID-19 vaccine among 12- to 17-year-olds, the company said on Friday. Conducting vaccine clinical trials among adolescents is imperative to achieve herd...

Japanese crypto exchange hit by estimated $94 mln hack

by AIP Online Bureau | Aug 20, 2021 | Eco/Invest/Demography, International News, Technology

  LONDON: Japanese cryptocurrency exchange Liquid said on Thursday it was hit by hackers in a theft estimated to top $94 million, in the latest targetting of a crypto platform. "We are sorry to announce that #LiquidGlobal warm wallets were compromised, we...
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