Latest
Insurance Premium Tax upsurge hitting businesses hard
The UK Government made nearly £6 billion in income from Insurance Premium Tax (IPT) for the year 2017/2018 – an increase of up to...
Iran considering Insurance-Linked Securities market for reinsurance
Iran is considering the development of new financial products, including insurance-linked securities and Islamic bonds, to alleviate the US sanctions on its economy. The...
From the UK
Aviva discloses how many claims it pays
Aviva apparently paid 96% of the claims it received in the United Kingdom in 2017. Data from the company’s UK claims reports indicates just...
Carillion collapse causes domino effect on trade credit claims
There has been a surge in the number of trade credit insurance claims during the first quarter of this year 2018 as tough trading...
In Europe
Moody’s downgrades Italy credit ratings on budget deficits concerns
Italy appears to be in the midst of another major financial crisis as Moody’s cut its credit ratings from “Baa2” to “Baa3”, one level...
Danske Bank scandal exposes money laundering risk
Financial institutions are at greater risk for money laundering losses than ever before. The Danske Bank scandal reveals that even institutions in law-abiding nations...
Around the World
CVS Aetna takeover signals US healthcare consolidation
America’s private health insurance system is rapidly becoming centralized. Shareholders approved drugstore giant CVS Health takeover of the insurance company Aetna Inc.
The $69 billion...
Venezuela defying the odds with new cryptocurrency, El Petro
Nicolas Maduro has advised government workers to invest in the newly created cryptocurrency, El Petro. The Venezuela president made the call (in Spanish) on...
Technology
Airport biometrics take-off raises risky challenges ahead
Dubai-based carrier Emirates Airline has announced that it is currently preparing to launch what it has dubbed the world’s first ‘biometric path’, offering travellers...
Yahoo agrees to pay $50m in data breach damages
Yahoo has agreed to pay $50 million in a preliminary settlement of a US federal lawsuit stemming from a series of data breaches that...
