Emerging Markets
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. ...
Airbus CEO Sees ‘Flying Car’ Prototype by End of Year
Airbus Group plans to test a prototype for a self-piloted flying car as a way of avoiding gridlock on city roads by the end of the year, the aerospace group's chief executive said on Monday. Airbus ...
Insurance Carriers Take Note: Most Customers Want Computer-Generated Advice Options
Insurance carriers looking to embrace or enhance their ability to provide customers computer-generated advice and services should know that most consumers globally approve of the practice. But they ...
Hackers Will Become More Cunning in 2017 as Cyber Risks Intensify: Report
Top cyber threats during 2017 are expected to include nation state cyber espionage, a rise in data integrity attacks and an increase in attacks harnessing Internet of Things (IoT) devices, according ...