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Aug 2014

Global News


Economic, financial risks and cloud computing security are top emerging risks

AXA and Swiss Re have both released separate reports on new emerging risks that will be affecting the insurance market.

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Super-tall 2,000 ft buildings a challenge for (re)insurers

With the latest generation of high-rise buildings reaching new heights of close to 2,000 feet, the super-tall construction boom is bringing new challenges as projects are built higher, faster and with increasing complexity.

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Sigma: Slower premium growth in 2013

Premiums written in the global insurance industry grew by 1.4% in real terms to US$4,641 billion in 2013 after a 2.5% increase in 2012, said Swiss Re's latest sigma study. The slowdown was primarily due to weakness in the life sector in the advanced markets.

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GFIA supports B20 recommendations to promote economic growth and stability

The Global Federation of Insurance Associations (GFIA) is supporting the recommendations made by the Business 20 (B20) group on how private sector activity and investment can help the Australian G20 Presidency meet the ambitious growth targets agreed at the Finance Ministers' meeting in February 2014.

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Preventing fictitious claims in bagged rice shipments - American Club

Rice was carried as break-bulk cargo on general cargo vessels, where the use of permanent wooden dunnage was designed to ensure proper ventilation. More recently, of course, there are containerised cargoes of rice.

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