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Africa
Market needs to build trust with regulators to encourage harmonisation for global programmes
If risk managers at multinational corporations want supervisors to make it easier to build cross-border insurance programmes by introducing more uniform regulation they need to play by the current rules…
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Africa
Africa the new frontier for innovative insurance solutions
Commercial Risk Africa held its Sub Saharan Africa: The Next Generation Emerging Market event in London at the end of February. Ben Norris heard why the continent can be a…
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Africa
Rating agencies unable to track willingness to pay claims
Reporting from Commercial Risk Africa’s Sub Saharan Africa: The Next Generation Emerging Market event in London, Ben Norris heard why rating agencies can show insurers’ ability to pay claims, but…
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CRE Insurance
Generali’s large corporate arm opens in Germany
Generali Global Corporate & Commercial (GC&C) has opened for business in Germany to service companies with turnover of up to €2bn. Over time it plans to begin offering solutions for…
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CRE Insurance
XL heads home to Bermuda
XL Group announced this week that it plans to shift its place of incorporation from Ireland to Bermuda.
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CRE Insurance
Brexit would be bad news for Lloyd’s and wider London market: Nelson
If the UK leaves the EU following its Brexit referendum on 23 June, the Lloyd's and wider London market would struggle to retain and reinforce its "pre-eminent" status as the…
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CRE Insurance
IoT to shake up risk transfer market and shift liability to manufacturers
Connected technologies could reduce underlying risk and increase risk transparency, leading to greater self-insurance and new entrants competing against insurers, according to a report from consulting and outsourcing firm Capgemini.
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CRE Insurance
JLT reveals solid results despite problems in UK employee benefit business
Jardine Lloyd Thompson Group (JLT) this week announced reported profit before tax of £155m, down 3% on last year, on the back of revenues up 5% to £1.16bn.
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Association News
Airmic and ABI warn against IPT rises
Ahead of the UK government's budget announcement later this month, the country's risk management association Airmic and insurer trade body, the Association of British Insurers (ABI), have warned against future…
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CRE Insurance
UK sets out cat bond and ILS plans
The UK government has launched a consultation into new laws aimed at promoting a market for insurance-linked securities (ILS) in London.
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CRE Insurance
Coface reports brighter picture on European liquidations
Europe experienced an overall reduction in liquidations during 2014 and 2015, according to credit insurance group Coface.
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Climate Change
EC announces plan to meet Paris climate agreement
The European Commission (EC) this week presented an assessment of the implications for the European Union (EU) of the new global climate agreement adopted in Paris in December. It outlined…
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Association News
Airmic welcomes three new board members after ‘unprecedented’ response
UK risk management association Airmic has acquired three new board members. The association's chief executive John Hurrell said there had been an "extraordinary response" to requests for volunteers.
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CRE Insurance
Corporate round-up
Generali hires new French head from Allianz, Willis Towers Watson names CEEMEA region leader, AGCS appoints Andrews Whitehouse head of marine in London and Beazley adds to data breach underwriting…
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Asia
Parima board member urges corporate insurers to uplift technology investment
Corporate insurance buyers fear they are being left out of the technology innovations being introduced by the insurance industry for the personal lines market and a big opportunity for innovation…
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Foreign insurers nervously await OJK ownership cap decision
The ability of international insurance and reinsurance companies to further expand their activities in the potentially massive Indonesian insurance market remains uncertain as the market awaits a decision that will…
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Asia
Sky high capacity will fuel another comfy year for Asian insurance managers: Aon
Corporate insurance managers across the Asia-Pacific region can look forward to another year of soft and competitive insurance rates, terms and conditions according to Aon’s latest Asian market report.
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HK regulator calls for greater technology spending
Hong Kong’s insurance regulator has called on the industry to increase its investment in technology. Data analytics, psychometric testing and digital distribution can all be applied to the insurance industry…
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Insurance chiefs promote the case for technology in insurance
Technology and the growth of ‘big data’ will have a profound effect on the insurance industry and the products it provides, according to insurance chiefs speaking at an event in…
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Asia
Australian insurers focus on discipline and costs in tough market conditions
Leading Australian and Asia-Pacific corporate insurers QBE and Insurance Australia Group (IAG) both announced solid-at-best results this month and told investors of further cost cuts in what remains a tough…