Cyber criminals, especially the organised gangs indulging in these activities, are revising the ways they blackmail their victims as the ransomware payments are tapering down according to a new report.
High inflation and interest rates, attracting and retaining talent and digital transformation will have the greatest impact on the European insurers' ability to secure future revenue growth in 2024 according to a survey conducted by WTW.
The accelerating climate change can increase the likelihood of widespread disruptions to the financial sector, including the insurance sector according to a new report released by the Bank for International Settlements (BIS).
The current emissions pledges to limit climate change would still put the world on track to warm by nearly 30 degree Celsius during this century according to a new report by the United Nations Environment Programme (UNEP).
Australia has released its 2023-2030 Australian Cyber Security Strategy, which outlines its vision of a cyber secure Australia. The strategy also details how the country will get there.
The impact of crime in South Africa is estimated to be at least 10% of GDP per year, comprising transfer, protection, and opportunity costs, says the World Bank.
Several local-level regulatory authorities have issued window guidance to insurance companies on the development and filing of some short-term health insurance products in efforts to improve order in the market.
The finalised guidelines for bancassurance operations currently await the approval of the Finance Ministry, according to Mr Mohammad Jainul Bari, chairman of the Insurance Development and Regulatory Authority (IDRA). He added that bancassurance would be launched soon in the country.
MSIG has announced that it will be collaborating with Dedoco and Embed Global to drive the industry's anti-scam efforts.
Governments, insurers and communities in Australia must work together to avoid creating two classes of Australians - those who can insure against risk and those who can't, according to Mr Andrew Hall, CEO of the Insurance Council of Australia (ICA).