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Insurance Premium Tax increases hitting businesses hard

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's Securities and Exchange Organisation HQs

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

travel insurance - passengers transit through airport

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...
Men working at construction site

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

Matteo Salvini speaking about the future of Europe in the European Parliament

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-woman-withdrawing-money-atm

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 Health takes over Aetna insurer

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 President Nicolas Maduro launching the Petro cryptocurrency

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

British Airways biometric self-boarding gates

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...
By Sebastian Bergmann via Wikimedia Commons

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...

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