Day: October 5, 2020

Banks, governments and crypto industry divided by cryptocurrency risk

spike 4 months ago

A new survey by RUSI and ACAMS has revealed how professionals in the cryptocurrency industry believe that governments are behind the curve on the perceived risks, opportunities, and regulation of cryptocurrency.

The survey, the second commissioned by RUSI and ACAMS, is based on responses from across the global financial and cryptocurrency industries, including cryptocurrency exchanges, financial regulators and financial intelligence units.

While the survey reflects doubts about the abilities of government, the cryptocurrency industry is ‘much more confident in their own tools and preparedness than other audiences,’ to mitigate potential risks in the sector.

Criminal activity remains top of the

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European Central Bank releases report on digital euro plans

spike 4 months ago

The European Central Bank (ECB) has released a report in which it states the importance they are placing on a potential digital euro which they are seriously considering and studying with a decision by mid-2021, the bank said.

ECB releases report on digital euro plans

A key part of the Eurosystem’s mission is to provide citizens with riskless money for their payments; the Eurosystem has been providing euro banknotes for nearly two decades. While cash is still the dominant means of payment, new technologies and the increasing demand for immediacy from consumers are changing the way European citizens pay.

This

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How insurance brokers are growing their value proposition

spike 4 months ago

The biggest opportunity in the broker market, according to Seth Rachlin (pictured), executive vice president – P&C insurance leader at Capgemini, is the emergence of electronic trading platforms.

“Ultimately, as those electronic trading platforms evolve, the brokers who are particularly tech-focused are going to see enormous value, not only in terms of their operational efficiencies, but also in their ability to deliver true value-added services to their customers,” Rachlin told Insurance Business.

Read next: How the changing consumer mindset impacts insurance agents and brokers

Rachlin said that over the last few months – in the height of the COVID-19 pandemic

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Beazley establishes online portal for digital health product

spike 4 months ago

Beazley’s Virtual Care integrates bodily injury cover across core modules to provide comprehensive insurance for the risks faced by digital health organisations all under one policy. These modules include medical malpractice, technology & media liability, general and products liability, and cyber liability and breach response.

Virtual Care first launched in the United States in 2017 and has been available in the United Kingdom since 2019. The policy is also now available for digital health clients across Canada, Spain, Singapore, and Hong Kong. 

“Digital health is an exciting, fast-growing sector that is expanding exponentially in 2020,” said Evan Smith, global head

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