Articles

Prashant Tripathy, Managing Director & CEO, Max Life Insurance

Budget 2020:Indian Life Insurance Industry  

Eco/Invest/Demography, Life, Policy       Jan 24, 2020

  Today the country is looking for a growth oriented budget which could infuse larger positivity into the economy. This makes the Union Budget 2020 all the more critical. As Indian economy is staring at a lowest ever growth rate in over six years, the government...

-   Tapan Singhel, MD & CEO, Bajaj Allianz General Insurance  

Budget 2020:Indian General Insurance Industry

Eco/Invest/Demography, Life, Non-Life, Reinsurance       Jan 23, 2020

  People usually have a perception that if they have kept their money in  a bank, it’s completely safe, which is really not the case. Hence, there is a need to increase the limit of bank deposit insurance which appropriately safeguards the account holders. Currently the...

Benno Keller Special Advisor, Digital and Innovation, The Geneva Association

Promoting Responsible Artificial Intelligence in Insurance

Eco/Invest/Demography, Technology, Trends, Facts       Jan 16, 2020

  Since the end of the ‘AI Winter’, the period from the 1970s to the end of the 1990s characterised by setbacks and disappointment, artificial intelligence (AI) has made remarkableprogress.Today, many insurers are rolling out intelligent systems that automate routine tasks or assist human decisionmaking along...

Cyber top peril for Asia-Pacific companies for the first time:Allianz Risk Barometer 2020

Eco/Invest/Demography       Jan 14, 2020

  Singapore: For the first time ever, Cyber incidents (35% of responses) ranks as the most important business risk in Asia-Pacific in the ninth Allianz Risk Barometer 2020, relegating perennial top peril Business interruption (BI) (34% of responses) to second place. The region’s results mirror a...

Insurance industry calls for action to mitigate Climate Risk as Australia bushfires widen

As the devastation from Australia’s bushfires widens, the insurance industry is calling for concerted action to mitigate the impact of climate change.   Months of out-of-control fires have burnt an area more than five times the size of Wales and industry-wide claims of A$700 million [US$480.8...

Climate Forecast for 2020s is warmer, stormier and more extreme

  Over the last decade, scientists learned a great deal about the climate, much of it concerning the connection between global warming and extreme events — heat waves, hurricanes, floods, droughts and wildfires.   There has been, for many years, an understanding that a warmer world would...

John Coletti, Chief Underwriting Officer, Cyber & Technology- North America, AXA XL

Hackers target companies,posing as CEOs and other C-level Executives

Eco/Invest/Demography, Non-Life       Dec 26, 2019

  In 2017, online digital publications announced the latest threat to consumer safety: hackers using vulnerabilities inside WhatsApp to spread malicious code via files sent using the app. In March 2019, a security researcher announced that a bug in Facebook Messenger gave hackers an open door...

Is China winning the Insurtech Race

Technology       Dec 16, 2019

  The past growth of China’s insurance market was simply amazing: During the last decade, since the financial crisis, insurance premiums almost quadrupled. China’s insurance market is already the second biggest in the world. By the end of the next decade, the Chinese insurance market is...

Gold's impressive performance in 2019 may spill into the new decade

Eco/Invest/Demography, Wealth Management       Dec 10, 2019

Gold’s impressive advance in 2019 -- aided by trade war frictions, easier monetary policy across the world’s leading economies and sustained central-bank buying -- may be set to spill into the new decade.   As 2020 looms, BlackRock Inc., the world’s largest money manager, remains constructive...

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