Browsing: New

China takes another step in liberalizing its financial sector, approving AIA Group and Aegon Group to establish wholly foreign-owned asset management subsidiaries in Shanghai

The Australian Securities and Investments Commission (ASIC) is cracking down on greenwashing in the financial sector, with significant penalties for non-compliance.

Industry stakeholders expect AI to revolutionize insurance business models by changing skill requirements and improving risk management and claims processes.

Australia’s insurance industry is experiencing increasing claims and affordability issues due to rising extreme weather events, with recent disasters costing $2.2 billion in six months and projected annual losses reaching $8.7 billion by 2050.

Slide Insurance Holdings Inc.’s successful Nasdaq debut has sparked renewed investor optimism in the insurtech space, but raises questions about the feasibility of replicating this success in Canada.

Captive insurance is evolving beyond traditional property and casualty risks, expanding into areas such as cyber liability, employee benefits, and directors and officers (D&O) liability, becoming a central part of global risk management strategies.

Erie Insurance is working with cybersecurity experts to restore access after a network outage caused by unauthorized activity on its systems.

Insurers participating in Australia’s Cyclone Reinsurance Pool have processed over 68,000 claims related to ex-Tropical Cyclone Alfred, with total insured losses estimated at $1.44 billion.

Access various contact methods and resources for staying updated with the latest news and information.

Tesla Cybertruck owners are experiencing unexpected insurance premium increases of up to 33% following recent vandalism incidents