Emerging Markets
AIR Worldwide’s New Colombia Earthquake Model Wins Regulatory Approval
AIR Worldwide's earthquake model for Colombia has gained insurance regulatory approval in the country. The catastrophe modeling firm said that the model can now be used by domestic insurance ...
The Latest Launches From Chubb, Ironshore and More
Chubb expanded its Global Cyber Facility with endorsements for property and casualty. Ironshore Specialty Casualty formed a dedicated Oil & Gas Facility. The International Drone Racing ...
Chinese Insurance Regulator Warns Against Reckless Offshore Investment: Report
A senior Chinese insurance regulator warned against the industry's reckless overseas investment, saying some insurers behaved recklessly when it came to offshore acquisitions, the official Securities ...
Prem Watsa’s Fairfax to Pay $144M for New Zealand Insurer
Fairfax Financial Holdings Lt. will pay $144 million for New Zealand Insurer Tower Ltd. giving it an instant, significant presence in a growing, emerging market. Tower's board of directors has ...
Digital Tech Can Help Narrow Insurance Gaps in Emerging Markets: GA Report
Digital technologies can be harnessed by the re/insurance industry to narrow insurance protection gaps in developing and emerging markets, thereby improving societal resilience after natural ...
China Banks Are Using Blockchain to Boost Transparency and Fight Fraud
Chinese banks are hiring blockchain experts as the government pushes use of the technology behind bitcoin to increase transparency and combat fraud in its financial sector. Lenders have struggled for ...
Swiss Re, XL Catlin to Launch India Branch Offices
Swiss Re and XL Catlin say they've both gotten regulatory approval to open branches in India, following the government's move last year to open its market to foreign insurers and reinsurers. In XL ...
Allianz, Standard Chartered Bank Seal Asia Distribution Deal
German insurer Allianz and Standard Chartered Bank on Thursday announced a 15-year agreement to distribute Allianz's general insurance products in Hong Kong, Singapore, Malaysia, Indonesia and China. ...