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U.S weighs bids for putting Automated Vehicles on roads

he agency also disclosed that Softbank-backed driverless delivery startup Nuro had also petitioned to deploy a limited number of low-speed, highly automated delivery vehicles intended to be operated without any human occupants. For example Nuro, which partnered with Kroger last year to deliver groceries, seeks approval not to include a windshield in the vehicle.

Health Protection Gaps in EMs:an opportunity for health insurers to serve the most vulnerable

Jad Ariss, Secretary General of The Geneva Association, said: “Healthcare funding is one of the biggest societal challenges of our time and the insurance industry can play a major role in offering sustainable solutions. Health protection gaps in emerging markets require flexible and creative approaches that address the needs of vulnerable people who have so far been denied suitable and affordable access to healthcare.” 

 New appointments within SCOR Global P&C underscore the group’s deep talent pool

Jean-Paul Conoscente, CEO of SCOR Global P&C2, commented: “Following the organizational changes announced in September 2018, SCOR Global P&C continues to adapt its structure to serve its strategy and be more client-centric. Today’s announcements confirm the depth of our talent pool and our desire to promote the personal and professional development of our existing teams.”.

Sale deal in final stage of completion: Star Health

A consortium of WestBridge AIF, investor Rakesh Jhunjhunwala and Madison Capital signed definitive agreements with the shareholders of Star Health to purchase the shares of the insurer last year. In October 2018, the Competition Commission of India (CCI) approved 100 per cent acquisition of Star Health and Allied Insurance Company Ltd by Safecrop Holdings Pvt Ltd and others.

Tougher Asian markets need different approach to risk and insurance driven by data analytics

“Too often, we hear clients struggle to quantify the financial impact and likelihood of risks to their business. Today, companies need to know, with certainty, that the insurance strategy they have in place is exactly right for their business. With new and emerging risks on the accelerated rise, they need to adopt a data-driven and actuarial approach to support all aspects of their insurance procurement process to yield better business outcomes,” adds Scott.

Global insurance M&A activity up 9% in 2018, may slow down in first half 2019:Clyde & Co

While the Americas remained the most active region for insurance sector M&A with 189 deals in 2018, there was a slight drop off in deal activity in the Americas in the second half of the year with 92 transactions, down from 97 in the first six months. The slowdown in the Americas in the second half of last year is indicative of heightened investor caution, and the legal firm predicts 2019 will be a year of two halves – a slowdown in M&A in some markets in the first six months, while the second half should see a return to form.