financial services industry News

Financial Services Industry Must Act Faster on Climate Change: Bank of England Chief

Financial services have been too slow to cut investment in fossil fuels, a delay that could lead to a sharp increase in global temperatures, Bank of England Governor Mark Carney said in an interview broadcast on Monday. Carney, due to …

Financial Services Industry Misses Out on $700B a Year by Ignoring Women: Report

The male-dominated finance industry is missing out on more than $700 billion a year in revenue by failing to listen to or tailor products for women, according to management consultancy Oliver Wyman. “Women are arguably the single largest under-served group …

Hiscox Launches Coverage Suite for Financial Services Firms

Hiscox has launched a new suite of professional and management liability coverages for financial services firms across the U.S. The new platform, Hiscox FS, is an expansion of Hiscox’s current offering to financial services firms. Hiscox FS provides financial services …

Women Are 30 Years From Attaining 30% of Seats on Boards: Report

It will take 30 years at the current pace of change for women to attain just 30 percent of the seats on executive committees in the financial services industry globally, an Oliver Wyman report said on Monday. Globally women account …

Insurance Noodle Launches Integrated Facility for Small Financial Services Firms

Insurance Noodle has launched an integrated facility for small financial firms across the United States, bringing together several markets via a single online access point. The Insurance Noodle proprietary technology platform simultaneously markets an account to all carriers and returns …

Geneva Association Reacts to G20 Insurers’ Capital Mandate

The Geneva Association, the international insurance think tank, issued a bulletin following the publication of both the Financial Stability Board’s (FSB) list of global systemically important insurers (G-SIIs) and the International Association of Insurance Supervisors’ (IAIS) publication of policy measures …