by AIP Online Bureau | Mar 3, 2022 | Eco/Invest/Demography, International News, Non-Life, Reinsurance
The move will leave Russian commercial airlines scrabbling to get cover elsewhere. Industry sources say this could include from Chinese reinsurers, while other western insurers are likely to hold back from the business, fearful of other countries imposing similar...
by AIP Online Bureau | Mar 3, 2022 | Eco/Invest/Demography, International News, Policy, Technology
Russia will treat any hacking of its satellites as a justification for war, the head of the country’s space agency was quoted as saying in a news report on Wednesday Roscosmos head Dmitry Rogozin denied media reports that Russian satellite control centres have...
by AIP Online Bureau | Mar 2, 2022 | International News, Non-Life, Reinsurance, Technology
Larger insurers have taken significant pricing and underwriting actions in response to rising cyber claims in recent years, including tightened contract language, which should help mitigate underwriting losses in the current uncertain environment, Fitch Ratings says...
by AIP Online Bureau | Mar 2, 2022 | Eco/Invest/Demography, International News, Non-Life, Reinsurance, Technology
One reason for that could be a loophole in cybersecurity insurance policies. Experts and industry-watchers say the more sophisticated digital extortion gangs tend to focus on insured organisations because the victims already have a policy to make the payoff, making...
by AIP Online Bureau | Mar 1, 2022 | Eco/Invest/Demography, International News, Wealth Management/ Philanthropy
Russia’s $1.5 trillion economy is already reeling from sanctions that targeted key banks and may prevent Putin from accessing the bulk of more than $640 billion in central bank reserves. Those restrictions have roiled the nation’s markets and are having a knock-on...
