As part of digital transformation strategies, leading organisations are already using networks to enable new business models such as the Internet of Things (IoT) or optimise existing operating models such as asset tracking. Alternatively, businesses may be investing in technologies such as robotic process automation (RPA), as part of their digital transformation initiatives in order … Read more
Cyber Security Data Protection Business Technology Privacy concept. Cyber insurance claims are showing alarming trends in both frequency and severity, with U.S. businesses experiencing particularly steep increases while markets outside the U.S. show declining rates, according to a report from Chubb. The comprehensive claims analysis, based on Chubb’s cyber claims data through December 2024, reveals … Read more
Re/insurance broking giant Aon has announced the launch of a new parametric insurance solution that is designed to address and mitigate losses from hurricane-related storm surge along the coast of the United States, developed in partnership with Floodbase, a specialist in parametric flood risk, and global commercial insurer, Swiss Re Corporate Solutions.A key aspect of … Read more
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Japan’s Nomura said profits more than doubled in its latest quarter, to their highest point in four years, a day after the bank’s chief executive took a pay cut as he accepted accountability for a … Read more
Allianz Trade warns of surge in global business insolvencies | Insurance Business America Insurance News Allianz Trade warns of surge in global business insolvencies Report unveils factors behind forecast revisions Insurance News By Roxanne Libatique Allianz Trade has revised its projections for global business insolvencies, forecasting an 11% rise in 2024, followed by an additional … Read more