If Tokyo Olympics Canceled, Loss for Insurers Would Be ‘Mind-Blowingly’ Big January 27, 2021 By Noor Zainab Hussain and Carolyn Cohn LONDON — Insurers are facing a $2-3 billion loss if the Tokyo Olympics are canceled this year, amounting to the...
China’s Central Bank Says Ant IPO Could Resume Once Problems Resolved January 27, 2021 By Bloomberg News Ant Group Co. could resume its plans for an initial public offering once problems are resolved, China’s central bank chief...
Everest Re Cites Social Inflation for $400M Prior-Year Reserve Charge January 27, 2021 By Susanne Sclafane Everest Re is the most recent insurance and reinsurance company to announce catastrophe and COVID losses in advance of fourth-quarter...
Eurapco and B3i Introduce Unity, a Risk Transfer Service Built on Blockchain January 27, 2021 By Andrew G. Simpson What its creators say is the first global operational offering on blockchain infrastructure has been launched, enabling the transfer of...
Pandemic-Related Business Interruption, Cyber Top Business Risks for 2021: Allianz January 27, 2021 There was no escaping the coronavirus in 2020 and the pandemic will dominate the risk landscape again in 2021, according...
Consumers Open to Sharing Personal Data with Insurers But Worry About Data Security January 26, 2021 If it means reduced premiums, consumers are willing to share their personal information with insurers but they question whether insurers...
European Researchers Turn to AI to Build Better Weather Data January 26, 2021 By Jonathan Tirone European scientists who feed critical climate data to industry and researchers said that their next great breakthrough in weather forecasting...
Olympics Board Expected to Focus on Safety; Unlikely to Cancel Tokyo Games January 26, 2021 By Karolos Grohmann BERLIN— The Tokyo Olympics will top the agenda when the International Olympic Committee’s executive board meets on Wednesday – but...
Pirates Are Attacking Ships in Gulf of Guinea. Here’s Why and the Impact. January 26, 2021 By Libby George LAGOS— Pirates are stepping up attacks on ships in West Africa’s Gulf of Guinea, defying regional navies. On Saturday, pirates...
Top Trading Firms Vow to Help Merchants Sailors Stuck on Ships Due to Coronavirus January 26, 2021 By Jonathan Saul Over 300 leading companies said on Tuesday they would work together to help hundreds of thousands of merchant sailors stuck...