Emerging Markets
Asia Expansion Helped Push Global Insurance Premiums Past $5 Trillion in 2018: Swiss Re
Carriers' expansion in Asia helped push global insurance premiums past the $5 trillion mark for the first time in 2018, Swiss Re said in its latest sigma report. That growth came generally from ...
China Pledges to Remove Financial Company Foreign Ownership Limits by 2020
China said it will bring forward plans to remove foreign ownership limits on financial companies, as it speeds up efforts to open the $44 trillion industry to overseas competitors. Full foreign ...
China Establishes New Insurance Group to Take Over Anbang’s Main Operations
China has created the new insurance group set to take over the main operations of Anbang Insurance Group Co., the once-acquisitive conglomerate that's under state control. Beijing-based Dajia ...
China’s Fosun Group Continues Corporate Shopping Spree, Debt Be Damned
About three years after China started reining in an overseas acquisition spree by some of its home-grown companies, the binge all but ended. But not for Fosun Group. The 27-year-old conglomerate, ...
Companies Promote Ethical Behavior by Helping Employees Blend Work, Personal Identities
Promoting a better integration of employees' work and personal identities can make them more likely to pursue ethical behavior, according to research highlighted in a recent online posting for ...
InsurTech Utopia Driven by Data Sharing Impeded by Data Ownership Uncertainty
Insurers need to learn to share their data if they want to take full advantage of the mountain of information generated from connected devices, insurtech executives say. Along the way, somebody's got ...
Report: China Hacked Eight Major Computer Services Firms to Steal Commercial Secrets
Hackers working for China's Ministry of State Security broke into networks of eight of the world's biggest technology service providers in an effort to steal commercial secrets from their clients, ...
Prices Soaring: Persian Gulf Oil Shipments Cost More than $500,000 to Insure
The cost of insuring Middle East oil shipments is soaring as tensions mount in a region responsible for about a third of all seaborne petroleum. So-called war risk premiums for a standard oil cargo ...