International News

Startups find new ways to assess risk and create new businesses tied to auto insurance

Non-Life, Technology       Dec 14, 2019

  Apps that let you book a ride to work or borrow a car for your next vacation are feeding into a revolution in auto insurance — while also raising some privacy red flags.   Data on everything from how frequently a car is booked, the type...

Shipping industry and insurers face uncertain new fuel risks and rule

      Dec 13, 2019

s Faced with imminent new global marine pollution rules, shipping companies and insurers are puzzling over the risks.   To reduce emissions of toxic sulfur that cause premature deaths, shipowners who have long relied on the dirtiest residues of oil extraction will have to either switch...

Royal Caribbean cruises faces potential liability for New Zealand volcano deaths

Non-Life, Reinsurance, Risk Management       Dec 13, 2019

Royal Caribbean Cruises Ltd.’s potential liability for a deadly excursion to a volcanic island in New Zealand could hinge on whether the eruption was an unforeseeable “act of God,” according to maritime lawyers.   Cruise ship passengers were among the tourists on White Island on Monday...

Big victory for Johnson and Conservatives clears way for quick Brexit

Eco/Invest/Demography, Non-Life, Reinsurance       Dec 13, 2019

  London: Britain was speeding towards Brexit on Friday after Prime Minister Boris Johnson won a crushing election victory, ending three years of uncertainty since the country decided to leave the bloc.   Exiting the European Union, a goal Johnson has pursued relentlessly since he put himself...

Insurtech, Data help Canadian farmers cut lending, insurance costs

Eco/Invest/Demography, Non-Life, Technology       Dec 14, 2019

Canadian farmers — grappling with with lower crop income, adverse weather and a trade dispute with China — are using precision-agriculture technology aimed at reducing lending and insurance costs.   Collecting intricate crop data allows individual farmers to outline potentially limited risk to banks and insurers,...

Trov and Sompo partner to expand global mobility solutions

Non-Life, Technology       Dec 12, 2019

  SAN FRANCISCO: Trov, a global leader in insurance technology, is announcing a partnership with Sompo Holdings to launch Mobility Solutions, a new Powered by Trov collaboration that expands the company's mobility footprint to Asia. By combining Trov's Mobility Insurance Platform with Sompo's extensive local market...

Weinstein,insurers,accusers have reached tentative $47 mn settlement

Eco/Invest/Demography, Non-Life, Reinsurance       Dec 12, 2019

  Harvey Weinstein, the disgraced film mogul charged with rape, reached a tentative $47 million settlement with accusers, potentially putting an end to many of the civil complaints against him, according to a person with knowledge of the situation.   The money would be paid by Weinstein...

Achim Kassow,Chairman of the Board of Management of ERGO Deutschland AG

Achim Kassow inducted into Munich Re Board, to be in charge of Asia Pacific and Africa

Non-Life, Reinsurance       Dec 12, 2019

  Munich: The Supervisory Board of Munich Re has appointed Dr. Achim Kassow (53) to the board of management with effect from 1 May 2020.   He will succeed Hermann Pohlchristoph (54), who for personal reasons will not be extending his Board appointment, which expires on 30...

North Korean hackers working with Eastern European cybercriminals: Report

Eco/Invest/Demography       Dec 12, 2019

  North Korean state-backed hackers appear to be cooperating with Eastern European cybercriminals, a report said Wednesday, a finding that suggests digital gangsters and state-backed spies are finding common ground online.   Mountain View, California-based SentinelOne says that the Lazarus Group — which American prosecutors accuse of...

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