With the impending risk of climate change and its economic and financial impact, environmental sustainability has become a societal responsibility and business reality. However, more needs to be done for banks to incorporate sustainability into their business strategies.
Cloud Insurance, an all-in-one InsurTech solution, is currently in the midst of a global expansion effort. With new offices opening worldwide and an international partner programme in place, the company aims to become a leading provider in the insurance space.
With the ever-changing regulatory framework and the proliferation of threats, every business – irrespective of the sector it is in - needs effective and updated policies and procedures. To ensure policy management, it is key to embed the culture of compliance within the organisation.
Bdeo, which builds visual intelligence for motor and home insurance firms, is currently going through big changes as it looks to reinforce its identity. As part of this effort, the Spanish InsurTech recently underwent a rebranding.
The financial services industry is undergoing a paradigm shift. For financial institutions to stay relevant and keep pace with FinTechs, they must do "whatever it takes" to beat the tech startups, including acquiring them, Aquaa Partners CEO says.
Binance, one of the world’s leading cryptocurrency exchanges, has been banned from operating in the UK. This might be a sign that regulatory bodies will now put cryptocurrency exchanges under their microscope.
Speed is vital during a cyberattack. The quicker a company can respond to an incident, the greater the chance to minimise the negative impact it has, according to Kroll head of EMEA cyber risk, Andrew Beckett.
Global stockbrokers, neobankers and financial institutions are all slowly onboarding crypto into their asset portfolio and it's probably a matter of time before WealthTechs do the same, according to analysts.
Cyber risk is showing no signs of stopping and the reliance on cloud-based systems makes potential ripple effects vast. It is crucial for the global insurance industry to efficiently measure cyber risk.