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A service for researchers · Thursday, September 29, 2022 · 593,349,255 Articles · 3+ Million Readers
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Switzerland Insurance Industry Newswire

  • Published on Sep 28, 2022

    Hurricane Ian to remain an earnings event for re/insurers: Berenberg

    Analysts at investment bank Berenberg have said they remain confident that Hurricane Ian, currently bearing down on the Florida coast, will remain an earnings event for insurers and reinsurers, rather than a balance sheet event. Hurricane Ian over the Gulf …

    Source: Reinsurance News - Neutral
  • Published on Sep 28, 2022

    Private placement life insurance schemes under investigation in US

    US Senate finance committee chair Ron Wyden has written to Prudential Financial, Zurich Insurance Group, Lombard International and the American Council of Life Insurers (ACLI) as part of his investigation into the increasing use of private placement life …

    Source: International Adviser - Neutral
  • Published on Sep 28, 2022

    Here's why non-motor, non-health insurance space is emerging as the next growth drivers

    From data-driven premium calculation for the motor insurance sector to on-demand insurance products, the insurance industry has seen a gamut of innovations. Anup Rau, Managing Director and CEO of Future Generali India Insurance in conversation with …

    Source: Business Today India - Uncategorized
  • Published on Sep 28, 2022

    How much will Fiona cost Canadian P&C insurers?

    Post-tropical storm Fiona could cost the Canadian property and casualty insurance industry between $300 million and $700 million, ratings agency DBRS Morningstar said in a commentary Tuesday. “Fiona will likely be one of the largest catastrophic events in …

    Source: Canadian Underwriter - Neutral
  • Published on Sep 27, 2022

    Tweak the Affordable Care Act to mandate backstop health insurance

    Universal health coverage in the U.S.—once considered a hopeless goal without imposing a single payer plan—is surprisingly within reach. Thanks to the Affordable Care Act and enhanced subsidies in the American Rescue Plan of 2021, more than 91% of …

    Source: MarketWatch - Neutral
  • Published on Sep 27, 2022

    Marine insurers push for net zero by 2050 with Poseidon Principles

    Marine insurance providers, along with leading banks that finance the shipping industry that have signed on to follow the Poseidon Principles frameworks, have agreed to increase the standards by which they measure climate alignment in the maritime industry …

    Source: Reinsurance News - Neutral
  • Published on Sep 27, 2022

    Probus Insurance to partner Praxis Global Alliance

    Probus, an InsurTech firm, has tied up with Praxis Global Alliance (Praxis), a management consulting & advisory firm, to strengthen its sales & distribution, customer experience, and technology strategy. To deepen its presence and reach, and drive …

    Source: Livemint - Uncategorized
  • Published on Sep 27, 2022

    Canada’s insurance industry counts cost of "horrific" Fiona

    The last hurricane to hit Canada was Igor, which hit Labrador and Newfoundland in 2010 with wind speeds exceeding 170km/h in some areas. Adjusting for inflation, insured losses from Igor, which temporarily cut 150 communities off, were approximately US …

    Source: Insurance Business - Neutral
  • Published on Sep 27, 2022

    Zurich Insurance Mulls India Joint Venture

    Swiss insurance group Zurich is looking to enter the Indian non-life insurance market through a joint venture. Insurance group Zurich wants to expand into the Indian non-life insurance market, according to the Indian business newspaper «The Economic Times …

    Source: finews.com - Uncategorized
  • Published on Sep 26, 2022

    Waymo and Swiss Re’s new research collaboration

    Waymo and Swiss Re, one of the world’s leading providers of reinsurance, today announced a research collaboration aimed at developing new risk assessment methodologies, which would provide guidance for the insurance industry in properly assessing AV risk …

    Source: Automotive World - Neutral
  • Published on Sep 25, 2022

    Natural disasters, load shedding and SA's social vulnerability to fuel insurance premium hikes -...

    Severe flooding in KZN was the 6th most costly economic loss event worldwide in the first half of 2022 in the AON Insurance's Weather, Climate and Catastrophe Insight Report. After two years of unprecedented claims coming from business interruption …

    Source: Health24 - Neutral
  • Published on Sep 25, 2022

    Swiss on course to reject initiative to ban factory farming

    Geneva: Swiss voters were on track on Sunday to reject a proposal to ban factory farming in a referendum on whether the wealthy country's strict animal welfare laws need to be tightened yet further, initial results showed. By 12.45 pm (1045 GMT), …

    Source: The Peninsula - Gov't Propaganda
  • Published on Sep 24, 2022

    Switzerland: Revision of Narcotics Act – Switzerland fully legalizes medicinal cannabis

    In brief On 1 August 2022, Swiss National Day, Switzerland’s revised Narcotics Act (“NarcA“) entered into force. The revision aims at facilitating medical treatments and improving research and development of cannabis. Prior to the revised law, patients and …

    Source: Global Compliance News - Uncategorized
  • Published on Sep 22, 2022

    New York AG’s Financial Fraud Suit Against Trump Details Insurance Scenarios

    Donald Trump and the Trump Organization used false and misleading statements of financial condition to obtain favorable real estate loans and insurance coverage over the last decade, according to a 222- page civil complaint filed by New York Attorney …

    Source: Insurance Journal - Neutral
  • Published on Sep 24, 2022

    Cosco shipping captive joins the poseidon principles for marine insurance

    The Poseidon Principles for Marine Insurance create a common global baseline for assessing and disclosing the alignment of marine insurance portfolios with climate goals. “We are delighted to be the first Asian marine hull insurance company to sign up for …

    Source: Hellenic Shipping News - Neutral
  • Published on Sep 24, 2022

    ESG and Taiwan’s insurance market

    TAIPEI (Taiwan News) — Earlier opinion pieces have focused primarily on ESG and Taiwan’s financial sector and listed companies with ESG related reporting requirements. I also noted some of the issues facing ESG in the global arena, such as a limited data …

    Source: Taiwan News - Uncategorized
  • Published on Sep 23, 2022

    GLOBAL: COSCO SHIPPING Captive joins Poseidon Principles for Marine Insurance

    Details Written by Rhys Berry Published: 23 September 2022 COSCO SHIPPING Captive Insurance has become the first Asian marine insurance company to support the insurance principles. ‘Joining PPMI is aligned with Cosco Shipping Group and Cosco Shipping …

    Source: Bunkerspot - Neutral
  • Published on Sep 23, 2022

    Sen. Wyden continues investigation into private placement life insurance

    Senate Finance Committee Chair Ron Wyden (D-OR) said he is continuing his investigation into the use of private placement life insurance by the wealthiest Americans to avoid and evade taxes. © Shutterstock Wyden began the investigation with correspondence …

    Source: Financial Regulation News - Neutral
  • Published on Sep 23, 2022

    Underwriting discipline key when financial conditions tighten: Swiss Re

    A new note from global reinsurer Swiss Re says that tighter financial conditions will reinforce underwriting discipline. The firm’s latest Economic Insights says that current conditions mean central banks are inhibited from pivoting towards more …

    Source: Reinsurance News - Neutral

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